JCR-VIS upgraded Samba's medium to long term credit rating to A+
JCR-VIS upgraded Samba's medium to long term credit rating from A+ to AA-
JCR-VIS Credit Rating Company Ltd has upgraded the medium to long term entity ratings of Samba Bank Limited (SBL) from 'A+ to AA-' (A Plus to AA minus) and reaffirmed its short term rating at 'A-1' (A-One). Outlook on the assigned ratings is 'Stable'. These short and long term ratings of the bank denote high credit quality with adequate protection factor and high certainty for timely payments to all financial commitment owing to strong liquidity position.
The improvement in the rating is a testament to SBL's overall financial performance, which continues to improve with growth in its Consumer Banking, Corporate & Investment Banking, and Treasury businesses.