The Pakistan Credit Rating Agency Limited
Press Release
a

Rating Action
Lahore: (01-December-2006)
    PACRA Maintains the Asset Manager Rating of
Arif Habib Investment Management Limited (AHIML)
 

 
Analyst
Moin Khalid
(+92-42-586 9504)
moin@pacra.com

 

 

 













 

 

 

 

 

Disclaimer
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The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Arif Habib Investment Management Limited (AHIML) at “AM2”. The rating reflects the company’s very strong capacity to master the risks inherent in asset management and the asset manager meets very high investment management industry standards and benchmarks.

The rating recognizes the company’s leading market position, qualified and experienced management, disciplined investment process, solid technology platform, effective controls and risk management policies, and continuous initiatives by the management for refinement in the systems and processes to further enhance the efficiency of operations.

About the company: Arif Habib Investment Management Limited, incorporated in August 2000, is one of the largest private sector asset management companies in Pakistan. The majority stake (62%) in the company is held by Arif Habib Securities Limited (AHS) – the holding company for Arif Habib Group. The group is engaged in investment and financial advisory services, brokerage, and has expanded and diversified its operations through acquisition of majority stakes in various industrial concerns. The group also recently launched a new commercial bank – Arif Habib Rupali Bank – through acquisition of Pakistan’s operations of Rupali Bank of Bangladesh. The current Chief Executive of AHIML, a known figure in the country’s mutual fund industry, is a Chartered Accountant with over three decades of experience in the financial sector.

AHIML currently has 7 funds under management, 5 open-end and 2 closed-end, including equity, income, asset allocation, and Islamic funds, with total assets under management currently aggregating to around PKR 20bln.
 
The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity.

PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings.

PACRA's opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.

 

    
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