November 20, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of MCB-Arif Habib Savings and Investments Limited at ‘AA-‘ for long-term and ‘A1+’ for short-term, with a stable outlook forecast.
According to the rating agency, the ratings reflect the company's strong position in the domestic AMC industry augmented by its growing retail base, strong sponsor support and franchise value, sound organizational structure and robust technological infrastructure.
The ratings incorporate the company's association with two prominent business conglomerates of Pakistan, Nishat & Arif Habib Groups.
The ratings are dependent upon the company's ability to sustain its market share.
Meanwhile, the stability of the management team and maintaining strong fund performance is important.
As per the press release, any deterioration in the company's liquidity profile and/or reduction in AUMs leading to lower revenues, in turn, profitability, will have negative rating implications.
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