Habib Bank - Ratings Lowered; Outlook Revised to Stable from Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Habib Bank Limited (HBL) to 'C+' and 'C', respectively, from 'B-' and 'B'. At the same time, CI Ratings has lowered HBL's Bank Standalone Rating (BSR) to 'c' from 'b-' and the Core Financial Strength (CFS) rating to 'b+' from 'bb-'. The Outlook for the LT FCR and BSR has been revised to Stable from Negative.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Pakistan, Habib Bank Limited)
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