Habib Bank Limited – Ratings Affirmed with a Stable Outlook
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Summary
Ref: PK 0 0 5 1 9 CRA00- 01 30 October 2020
Habib Bank Limited – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Habib Bank Limited ( HBL ) at ‘B-’ and ‘B’, respectively. At th e same time, CI Ratings has affirmed HBL ’s B ank S tandalone R ating (BSR) of ‘b-’, and C ore Financial Strength (C FS ) rating of ‘bb-’. The Outlook for the ratings remains Stable.
The Bank’s LT FCR is at the same level as the BSR and constrained by CI’s internal assessment of sovereign credit risk for Pakistan. HBL’s FCRs reflect its financial credit strengths of a good funding and liquidity profile, supported by a very high level of liquid assets. HBL has a leading market…