Abu Dhabi, 19 January 2020 - Finance House P.J.S.C. (FH) retains its reaffirmed Corporate Credit Rating at “A3” (Short-Term) and “BBB-” (Long-Term), both with a Stable Outlook from Capital Intelligence (CI), the internationally acclaimed credit rating agency.
According to CI, 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.
Mohammed Abdulla Alqubaisi, Chairman of Finance House commented: "Our organizational success stems from our goal-oriented employees, who portray a professional corporate image to create loyal customers and increase shareholders’ value. Eventually, they propel the organization forward with strong business results that help us to maintain our investment grade credit ratings."
“We continue to showcase our ability to adjust to market gyrations, which led to our investment-grade ratings being reaffirmed by CI with a stable outlook,” added Alqubaisi.
T.K. Raman, Group Chief Financial Officer, said: “This independent credit rating exercise is a vindication of our sound strategy execution capabilities, even under challenging economic conditions. We are optimistic of sustained profitable growth in 2020 and beyond.”