PACRA maintains entity ratings of First Habib Modaraba

MG News | November 23, 2018 at 03:50 PM GMT+05:00

0:00

November 23, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of First Habib Modaraba at ‘AA+’ for long term and at ‘A1+’ for short term, with a ‘stable’ outlook forecast.

An official press release by PACRA apprises that the ratings reflect FHM’s strong business profile emanating from healthy asset base, sound asset quality and sustained profitability.

“The ratings take into account good management quality and strong control environment and also reaching others customers through different business model,” says the agency.

The notification further adds that the ratings are dependent on the management's ability to sustain its competitive positioning while ensuring stable profitability.

The ratings also depend upon keeping its financial profile intact. Any significant change in its risk profile may adversely impact the ratings.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,830.22 319.89M	-0.14% -243.51
ALLSHR	102,922.38 808.59M	-0.19% -197.80
KSE30	52,169.49 112.77M	-0.13% -68.01
KMI30	242,960.31 62.27M	-0.31% -745.44
KMIALLSHR	66,780.42 307.03M	-0.21% -140.25
BKTi	47,435.60 66.45M	0.00% 0.50
OGTi	33,373.62 6.42M	0.72% 237.60

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,830.00	88,175.00 86,760.00	-310.00 -0.35%
BRENT CRUDE	62.28	62.73 62.02	-0.10 -0.16%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	0.45 0.48%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.40	58.75 58.13	0.02 0.03%
SUGAR #11 WORLD	15.30	15.34 15.16	0.10 0.66%