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Pacra maintains Bank Al-Habib’s ratings

(July 17th, 2014): The Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term entity ratings of Bank AL Habib Limited (BAHL) at “AA+” (Double A Plus) and “A1+” (A One Plus), respectively. The ratings of listed, unsecured subordinated TFC issue of Rs 1,500 million and two privately placed, unsecured subordinated TFCs issues of Rs 2,000 million and Rs 3,000 million have been maintained at “AA” (Double A). These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments

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