Habib Bank – Ratings Affirmed
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Summary
Ref: PK 00 5 20 CRA00- 01 20 October 202 1
Habib Bank – Ratings Affirmed
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 the same time , CI Ratings has affirmed HBL’s Bank Standalone Rating (BSR) of ‘b-’ and Core Financial Strength ( CFS) rating of ‘bb-’. The Outlook for the LT FCR and BSR 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 has a leading market position in Pakistan, ranking first in terms of assets, together with a large and stable domestic customer deposit base.
HBL’s BSR is derived from a CFS rating of ‘bb-’ and an Operating Environment Risk…