Rating by VIS
VIS Credit Rating Company Limited has maintained the entity ratings of House Building Finance Company Limited (‘HBFC’ of ‘the DFI’) at ‘A/A-1’ (Single A/A-One). The long-term rating of ‘A’ signifies good credit quality; protection factors are adequate. Risk factors may vary with possible changes in the economy. The short-term rating of ‘A-1’ indicates high certainty of timely payment; liquidity factors are excellent and supported by good fundamental protection factors.
Outlook on the assigned ratings has been revised from ‘Stable’ to ‘Positive.’
| RATING DETAILS | ||||
| Latest Rating | Previous Rating | |||
| Rating Category |
Long-term | Short-term | Long-term | Short-term |
| Entity |
A | A-1 | A | A-1 |
| Rating Outloook |
Positive | Stable | ||
| Rating Action |
Maintained | Reafirmed | ||
| Rating Date |
June30 ,2022 | June 28,21 | ||
The ratings were issued on 30 June, 2022.
Read Press Release here: http://vis.com.pk/prFile.aspx?mRatingId=38820
To view complete rating report, click here: https://docs.vis.com.pk/RatingReports/OP_00500004011_0005000.pdf