KARACHI, June 30: JCR-VIS Credit Rating Company has upgraded the ratings of Habib Bank Ltd to double A/A-One plus with a “stable” outlook says a press release. “Following its privatization in 2004, HBL’s financial indicators have improved further with strong momentum in business growth and resultantly in core earnings,” says the credit rating company but it believes that “the utilization of human resource requires further optimization.”
NATIONAL BANK: JCR-VIS Credit Rating Company has reaffirmed the credit ratings of National Bank of Pakistan at triple A/A-One plus “with a stable outlook”, as the bank continues to be a beneficiary of the sovereign guarantee on deposits.
The medium to long term standalone rating has been upgraded to double A plus with a stable outlook, while short-term rating has been maintained at A One plus, says a press release issued by the credit rating company.
FWBL: Pakistan Credit Rating Agency has maintained the long-term and short-term entity ratings of First Women Bank Ltd at double A and A One plus respectively, says the bank.
At the same time, the standalone ratings of triple B/A-Two are also maintained, it adds.
