Moody’s affirms Habib Bank’s B3 local-currency deposit rating; downgrades its baseline credit assessment to caa1

Limmasol: Moody’s Investors Service on Monday affirmed Habib Bank Ltd. (HBL)’s B3/Not-Prime local currency deposit ratings and its Caa1/Not-Prime foreign currency deposit ratings. At the same time, Moody’s downgraded the bank’s baseline credit assessment (BCA) and adjusted BCA to caa1 from b3 and the bank’s long-term Counterparty Risk Assessment (CR Assessment) to B3(cr) from B2(cr). Read More