PACRA Maintains Entity Ratings of MCB-Arif Habib Savings and Investments Limited (Entity)

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PACRA Maintains Entity Ratings of MCB-Arif Habib Savings and Investments Limited (Entity)

November 19, 2018

Lahore, November 19, 2018 (PPI-OT):The ratings reflect the company’s strong position in the domestic AMC industry augmented by its growing retail base, strong sponsor support and franchise value, sound organizational structure and robust technological infrastructure. The company’s well-structured decision- making process is supported by continuous improvement in the overall operating framework.

This coupled with diversified fund slate has helped the company to sustain its market share, despite challenging circumstances in the industry due to lacklustre stock market performance. The company has inducted professional and experienced management staff. The company has also formed a corporate sales team to target corporate provident/endowment funds, cash management, and short-term investments. The ratings incorporate the company’s association with two prominent business conglomerates of Pakistan, Nishat and Arif Habib Groups.

The ratings are dependent upon the company’s ability to sustain its market share. Meanwhile, the stability of the management team and maintaining strong fund performance is important. Any deterioration in the company’s liquidity profile and/or reduction in AUMs leading to lower revenues, in turn, profitability, will have negative rating implications.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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