VIS reaffirms Entity Ratings of BMA Capital Management

News Image

MG News | October 18, 2021 at 03:24 PM GMT+05:00

0:00

October 18, 2021: VIS Credit Rating Company Limited has reaffirmed entity ratings of BMA Capital Management Limited at single A minus/A-two. Long-term rating of ‘A-’ signifies good credit quality with adequate protection factors.

Risk may vary slightly from time to time because of economic conditions. Short-term rating of ‘A-2’ depicts good certainty of timely payment where liquidity factors were sound and good access to capital markets. Outlook on the assigned ratings is stable. Previous rating action was announced on May 12, 2020, said a press release on Monday.

The assigned ratings continue to factor in BMA Capital’s sustained market share, strong retail client base and extensive branch network of 19 branches spread nation-wide, which was a major competitive strength.

Reaffirmation of ratings takes into account the healthy growth in client base and operating revenues. However, weak efficiency continues to remain a drag on earning profile and overall profitability was heavily supported by one off capital gains and other income during the outgoing fiscal year.

Conservative asset allocation strategy with small-sized proprietary book translates into low liquidity risk profile while capitalization level have depicted some improvement. Leverage indicators have trended upwards and are on the higher side vis-à-vis peers and on standalone basis as well. Going forward, managing gearing at levels commensurate with the ratings was considered important.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg