Hous ing Bank for Trade and Finance – Rating s Affirmed with a Stable Outlook

Ref: JO00721 CRA00- 0 1 1 December 2022

Hous ing Bank for Trade and Finance – Rating s 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 Housing Bank for Trade and Finance (HBTF) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed HBTF’s Bank Standalone Rating ( BSR ) of ‘b+’, Core Financial Strength ( CFS ) rating of ‘bbb-’, and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.

T he BSR is derived from a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor ( OPERA ) of ‘b+’ (indicating high risk) , and incorporates CI’s assessment of HBTF’s capacity to withstand sovereign-induced economic and financial stress. OPERA takes into account both…