GFH Financial Group would like to inform its shareholders and the
markets that Fitch Ratings, the international credit rating agency, has
affirmed its Long-and Short-Term Issuer Default Rating (IDR) at ‘B’
with the Outlook on the Long-Term IDR as Stable. Fitch has also
affirmed the ‘B’/’RR4’ senior unsecured Long-Term Rating of the
Group’s US$500 million certificates issued through GFH Sukuk
Company Limited (GFH SCL).
The report looked at each of GFH’s core business lines, which
comprise investment banking, real estate and infrastructure
investments, treasury activities and commercial banking. Fitch noted
that the Group’s treasury activities, which represented around 40%
of revenue in 2020, is a growing area that will add stability to the
Groups earnings.