GFH Financial Group would like to advise its shareholders and the
markets that S&P Global Ratings (S&P) has revised the outlook on the
Group’s long-term issuer credit rating to positive from stable and
affirmed its ‘B-‘ long-term issuer credit rating.
This improvement is noted to be largely spurred by higher treasury
business volumes, where the Group generates a positive spread from
investment in predominantly regional sovereign sukuk and
structured products. Investment banking transactions also proved
resilient since customers keen for cash yields retained their appetite
for income-generating commercial real estate in Europe and the US.