Habib Bank ’s Ratings Affirmed ; Outlook Revised to N e g ative

Ref: P K 0 0 5 2 1 CRA00- 01 2 9 Sept ember 202 2

Habib Bank ’s Ratings Affirmed ; Outlook Revised to N e g ative

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating ( LT FCR ) and Bank Standalone Rating ( BSR ) of Habib Bank Limited (HBL) to Negative from Stable . At the same time, CI Ratings has affirmed the Bank’s LT FCR and Short -Term Foreign Currency Rating ( ST FCR ) at ‘B-’ and ‘B’, respectively. HBL’s BSR of ‘b-’ and Core Financial Strength ( CFS ) rating of ‘bb-’ have also been affirmed.

The revision of the Outlook to Negative follows a downward adjustment of CI’s internal assessment of s overeign credit risk for Pakistan and reflects our view that sovereign risk has increased, and that the operating environment has become more challenging. Pakistan’s external…