KARACHI: Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term ratings of Bank Al Habib Limited (BAHL) at “AA+” (Double A Plus) and “A1+” (A One Plus) respectively. The ratings of listed, unsecured subordinated TFC issue of Rs1,500 million and two privately placed, unsecured subordinated TFCs issue of Rs2,000 million and Rs3,000 million have 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 BAHLs strong performance, exceptional asset quality and stable financial profile. The ratings also incorporate the bank’s ability to capitalise on its branch network and product innovation to expand its deposit base.
Published in The Express Tribune, July 19th, 2014.
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