GFH Financial Group B.S.C Announcement of Credit Rating (9737K)
December 28 2022 - 2:00AM
UK Regulatory
TIDM95HX
RNS Number : 9737K
GFH Financial Group B.S.C
27 December 2022
CMP/DEC/2022/0011
Announcement on Credit Rating
Date 27/12/2022
Name of Listed . . .
Company GFH Financial Group B.S.C.
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Trading Code GFH
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Name of the /
Credit Rating S&P Global
Agency
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Credit Rating (B)
Classification Long-term rating of 'B' with Stable Outlook
Categories
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A simple explanation (B-) (B) . (B-) .(B)
of the Credit
Rating Classification 2020-2022 .
issued and its GFH Financial Group would like to advise
implications its shareholders and the markets that S&P
Global Ratings (S&P) has raised the Group's
long-term rating from B- to B with a stable
outlook. At the same time, the agency also
raised the credit ratings on sukuk issued
by GFH Sukuk Company Ltd to 'B' from 'B-'.
This was supported by resilient revenues
over 2020-2022, with sustained investment
banking business, revitalized banking activities,
and expanded revenue from treasury business,
in addition to the spun-off the real estate
business.
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The expected
financial impact Not applicable
of the Credit
Rating Classification
on the company's
business and
financial position
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Future outlook ( )
(as per the Stable
Credit Rating
Agency) about
the company
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Summary of . . .
the official
statement issued The management is pleased to announce S&P's
by the company upgraded ratings for the Group and ongoing
regarding the market recognition of the strength of GFH's
Classification business and the steps we have taken to
of the Credit further enhance our results and financial
Rating position. Despite challenging market conditions,
our performance across each of our core
business lines has remained resilient, enabling
us to deliver solid returns for the Group,
our shareholders and investors. We will
continue to build on this momentum and strong
demand for our unique and well-diversified
investments
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Press release
or executive You may refer to the agency's website for
summary the report
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2931
655
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Mariam Jowhary Name
----------
Head of Compliance Title
& AML
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Signature Company Seal
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END
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