Corporate corner: PACRA maintains entity rating of Bank Al Habib

Bank Al Habib Limited (BAHL) maintained “AA+” (Double A Plus) for long-term

KARACHI:

 The Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term entity ratings of Bank Al Habib Limited (BAHL) at “AA+” (Double A Plus) and “A1+” (A One Plus), respectively.

The rating of one privately placed, unsecured subordinated TFC issue of Rs3,000 million has been maintained at “AA” (Double A). These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments, a press release said.

The ratings reflect the bank’s performance, asset quality, and financial profile, emanating from a strong equity base.

 

Published in The Express Tribune, June 30^th,  2015.

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