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 endeavouring 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.