Pacra: Bank Al Habib maintains credit ratings

KARACHI:

The Pakistan Credit Rating Agency (Pacra) has maintained long term and short term entity ratings of Bank AL Habib (BAHL) at “AA+” and “A1+”, respectively. The ratings of two listed, unsecured subordinated Term Finance Certificates (TFCs) issues of Rs1,350m and Rs1,500m and two privately placed, unsecured subordinated TFCs issues of Rs2,000m and Rs3,000m have also been maintained at “AA”.

These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. The ratings reflect BAHL’s strong performance, exceptional asset quality, and stable financial profile.

Published In The Express Tribune, June 24^th, 2012.