KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded Atlas Insurance Ltd. rating to AA (Double A), a statement said on March 10, 2017. The rating denotes very strong capacity to meet policyholder and contract obligations.

Risk factors are modest, and the impact of any adverse business and economic factors is expected to be very small. The rating depicts sustained improvement in business and financial metrics of the company in line with its relative positioning within the industry.-PR