Pakistan Credit Rating Agency assigns Rating of “AA” to the proposed unsecured, subordinated Privately Placed Term Finance Certificates by Bank AL Habib Limited
Lahore: The Pakistan Credit Rating Agency (PACRA) has assigned rating of “AA” (Double A) to the proposed unsecured, subordinated, and privately placed TFCs of PKR 3,000mln, including a Green Shoe Option of PKR 500mln, to be issued by Bank AL Habib Limited. The rating denotes a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The rating reflects the bank’s sustained performance, exceptional asset quality, and satisfactory financial profile. The rating draws comfort from prudent risk management policies and the management’s conservative risk appetite. The management is endeavoring to diversify its advances portfolio by venturing into new segments, capitalizing on its well established branch network, which continues to expand, and has enabled the bank to develop sound deposit base.
For more information, contact:
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: [email protected]