Pakistan Credit Rating Agency Limited upgrades Asset Manager Rating of MCB Arif Habib Savings and Investments Limited

Lahore, April 07, 2015 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has upgraded the asset manager rating of MCB Arif Habib Savings and Investments Limited (MCBAH) to “AM2+” (AM Two Plus) [Previous Rating: AM2]. The rating reflects the company’s high investment management industry standards and benchmarks with noted strengths in several of the rating factors.

The ratings reflect MCBAH’s leading position in a competitive market emanating from its sound franchise. The company’s disciplined investment process, proficient and qualified management team, and effective research division lend support to its funds’ performance – which has remained above average.

MCBAH’s message “Bachat ka Doosra Naam” marketed through vast distribution network, primarily of parent bank, is instrumental in enhancing retail penetration. Well diversified fund slate and continuous development towards investor facilitation provides support to growing AUM base. The rating also incorporates MCBAH’s association with two prominent business conglomerates of Pakistan -Nishat and Arif Habib Groups.

The ratings are dependent on the company’s ability to sustain its market standing by capitalizing on the self and group distribution platform. Meanwhile, integration of risk function with investment decision making, led by capable resources is important. At the same time, stability of the quality human resource and consistent superior fund performance remain crucial for the rating.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

The post Pakistan Credit Rating Agency Limited upgrades Asset Manager Rating of MCB Arif Habib Savings and Investments Limited appeared first on AsiaNet-Pakistan.

Leave a Reply