GFH Financial Group would like to advise its shareholders and the markets that Capital Intelligence Ratings (CI) has affirmed our outlook as ‘Stable’ – in addition to reaffirming our Long and Short-term Foreign Currency Rating as “BB-B”, respectively.
According to CI, the ratings remain underpinned by GFH’s adequate liquidity and low refinancing risk, alongside good debt service record, and reasonable diversification of assets by geography, improved capitalisation, and satisfactory profitability.
The management are pleased with Capital Intelligence Ratings’ affirmation of GFH’s ratings in light of the steady progress the Group continues to make across its core business lines. Management looks forward to continuing building on this progress and executing the Group’s strategy with a view to deliver strengthened results and performance in the forthcoming periods.
You may refer to the agency’s website for the report:
GFH Financial Group – Ratings Affirmed (17/09/2024) | Capital Intelligence (CI)