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Pakistan Credit Rating Agency maintains Asset Manager Rating of Arif Habib Investments Limited

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by March 22, 2013 General

Lahore, March 22, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Arif Habib Investments Limited (AHI) at ‘AM2′ (AM Two). The rating reflects the company’s very strong capacity to manage risks inherent in the asset management business and the asset manager meets very high investment management industry standards and benchmarks.

The rating reflects the company’s qualified management team, structured investment process and sound investment philosophy. The company’s diversified fund slate and leading position in the domestic asset management industry is an intrinsic strength, though consolidation of some funds is required.

AHI’s association with one of the sound business conglomerates – particularly a leading bank, MCB – is considered a positive factor. AHI enjoys a strong franchise, which coupled with the established outreach of the parent bank, has helped it gain significant penetration in the retail market.

The rating is dependent on the management’s ability to effectively implement an efficient operating platform considering the broadened fund slate managed by the company. At the same time, continued expansion of the retail base with consistency in the fund performance remains important.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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