JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) is approved by Securities & Exchange Commission of Pakistan and State Bank of Pakistan. JCR-VIS is operating as a “Full Service” rating agency providing independent rating services in Pakistan. JCR-VIS is a joint venture between Japan Credit Rating Agency, Ltd. (JCR) – Japan’s premier rating agency, Vital Information Services (Pvt.) Limited (VIS) – Pakistan’s only data bank and financial research organization, Karachi Stock Exchange and Islamabad Stock Exchange. JCR-VIS is one of the equity and technical partner of CRISL.
The Japan Credit Rating Agency (JCR), through an Agreement, acquired 15% equity in JCR–VIS Credit Rating company, once an affiliate of Worlds’ third largest credit rating Agency Duff and Phelps on its merger with Fitch. Afterwards, the name was changed to JCR-VIS Credit Rating Company. President and CEO of JCR-VIS is currently the Chairman of ACRAA, Manila and working as the Chief Consultant of Islamic International Rating Agency in Bahrain, a rating arm of Islamic Development Bank, Jeddah