Faysal Bank Limited’s Short-Term Foreign Currency Rating Raised – Other Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced rating action on Faysal Bank Limited (FBL), based in Karachi, Pakistan. FBL's Financial Strength Rating (FSR) is affirmed at 'B+'. It is constrained by still low asset quality, modest although improving profitability, a higher than peer average cost of risk and funding cost, and the challenging operating environment. The rating is supported by good (and higher) liquidity, improved provision coverage, and an adequate capital position.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (Pakistan, Faysal Bank Limited)
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