Abu Dhabi – Mubasher: Internationally acclaimed credit rating agency Capital Intelligence (CI) has reaffirmed Finance House’s corporate credit rating at “A3” for the short-term and “BBB-“ on the long-term, both with a Stable Outlook.
“The ratings are supported by a strong capital base, good capital ratios, satisfactory asset quality, generally good liquidity ratios that result from a strong deposit base that fully funds the loan portfolio, and good operating profitability,” Finance House said in a statement.
The company’s chairman commented that Finance House firmly believes that corporate strength is derived from innovative thinking, executive empowerment, inducing teamwork and helping the company’s employees to realise their professional potential to the fullest extent possible.
“With favorable liquidity ratios, a strong capital base and rising operating income levels, Finance House continues to demonstrate its ability to overcome market instabilities and disruptions, leading to its investment grade ratings being reaffirmed by the rating agency with a Stable outlook,” added Alqubaisi in a statement.
