Dubai Islamic Bank secures ‘A’ rating on account of high credit and asset quality: JCR-VIS
By MG News | January 10, 2019 at 05:42 PM GMT+05:00
January 10, 2018: Upon review of final signed legal documents, JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned finalized rating of ‘A’ (Single A) to Dubai Islamic Bank Pakistan Limited’s (DIBPL) proposed Basel 3 compliant Additional Tier-1 Sukuk. Outlook on the assigned rating is ‘Stable’.
DIBPL has issued privately placed/ OTC Listed, perpetual, unsecured, subordinated, non-cumulative and contingent convertible Shariah compliant Sukuk amounting up to Rs. 3.12b. The issue proceeds will contribute towards the bank’s Additional Tier-1 (ADT-1) capital and will be utilized towards enhancement of the bank’s business operations.
JCR-VIS has assigned entity ratings of AA-/A-1+ (Double A Minus/A-One Plus) to DIBPL indicating high credit quality. The assigned ratings reflect the Bank’s sound asset quality indicators, strong & consistent profitability growth over the last three years and adequate liquidity and capitalization indicators.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 133,744.18 148.19M |
0.28% 374.03 |
ALLSHR | 83,403.41 522.12M |
0.39% 322.26 |
KSE30 | 40,795.75 52.72M |
0.22% 90.45 |
KMI30 | 192,904.68 60.77M |
0.17% 324.00 |
KMIALLSHR | 56,005.52 300.76M |
0.30% 169.81 |
BKTi | 36,507.00 9.45M |
0.52% 189.83 |
OGTi | 28,623.08 6.68M |
0.28% 80.12 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 108,690.00 | 108,880.00 107,680.00 |
235.00 0.22% |
BRENT CRUDE | 69.26 | 69.50 69.03 |
-0.32 -0.46% |
RICHARDS BAY COAL MONTHLY | 97.50 | 0.00 0.00 |
2.90 3.07% |
ROTTERDAM COAL MONTHLY | 106.00 | 106.75 106.00 |
0.25 0.24% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 67.54 | 67.97 67.40 |
-0.39 -0.57% |
SUGAR #11 WORLD | 16.25 | 16.46 16.07 |
-0.13 -0.79% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|