Mubasher: Capital Intelligence Ratings has affirmed the Long-Term and Short-Term Foreign Currency Ratings of GFH Financial Group at 'BB' and 'B', respectively, with a stable outlook, according to a statement.
The recent ratings of the Bahrain-, Kuwait-, and UAE-listed group were supported by good and increased liquidity boosted by improved funding profile.
GFH Group posted a 32.3% year-on-year decline in net profit attributable to shareholders during the first six months of 2019, recording $49.1 million.
