Bank AL Habib maintained its long term and short term entity ratings by the Pakistan Credit Rating Agency at “AA+” and “A1+”, respectively.
The ratings of two listed, unsecured subordinated Term Finance Certificates 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.
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