The Pakistan Credit Rating Agency (PACRA) has upgraded long-term rating of Allied Bank Limited to “AA+” (Double A plus) [Previous Rating: “AA”]. The short-term rating of the bank is already at the highest level i.e. “A1+” (A One plus). The rating of the unsecured, listed and subordinated TFC-II (PKR 3,000 Million) has also been upgraded to “AA” (Double A) [Previous Rating: “AA-”]. The ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.