PACRA Maintains Stability Rating of AL Habib Income Fund - Press Release issued by The Pakistan Credit Rating Agency Limited.

Lahore -- September 05, 2022 (PPI-OT)

Following is the text of press release issued by The Pakistan Credit Rating Agency Limited (PACRA)

Quote

AL Habib Income Fund (or the "Fund") is a medium-risk profile Fund. The Fund had allocated ~76% of its net assets to Banks, mainly AAA-rated banks, ~6% of its net assets to government securities whereas ~18% of its net assets to TFC, Sukuk. The duration of the Fund increased to 15 days (Dec'21: 07 days). The WAM of the fund also increased to 235 days (Dec'21: 196 days) exposing the Fund to credit risk.

However, since the investment is titled more towards, Government securities, hence credit risk is at a manageable level, The main reason for the increase in WAM was investing in government securities. The unit holding pattern of the...

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