AGL 40.25 Increased By ▲ 0.24 (0.6%)
AIRLINK 127.75 Decreased By ▼ -0.24 (-0.19%)
BOP 6.55 Decreased By ▼ -0.05 (-0.76%)
CNERGY 4.48 Decreased By ▼ -0.12 (-2.61%)
DCL 8.56 Increased By ▲ 0.08 (0.94%)
DFML 41.76 Increased By ▲ 0.28 (0.68%)
DGKC 87.50 Increased By ▲ 0.92 (1.06%)
FCCL 32.51 Increased By ▲ 0.37 (1.15%)
FFBL 65.00 Decreased By ▼ -0.42 (-0.64%)
FFL 10.20 Decreased By ▼ -0.05 (-0.49%)
HUBC 109.60 Decreased By ▼ -0.89 (-0.81%)
HUMNL 14.56 Decreased By ▼ -0.19 (-1.29%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.52 Increased By ▲ 0.40 (5.62%)
MLCF 41.41 Decreased By ▼ -0.24 (-0.58%)
NBP 59.55 Decreased By ▼ -0.54 (-0.9%)
OGDC 193.90 Decreased By ▼ -0.79 (-0.41%)
PAEL 28.24 Increased By ▲ 0.29 (1.04%)
PIBTL 7.82 Decreased By ▼ -0.18 (-2.25%)
PPL 151.40 Increased By ▲ 0.23 (0.15%)
PRL 26.49 Decreased By ▼ -0.39 (-1.45%)
PTC 16.11 Increased By ▲ 0.11 (0.69%)
SEARL 82.50 Increased By ▲ 4.30 (5.5%)
TELE 7.65 Increased By ▲ 0.26 (3.52%)
TOMCL 35.31 Decreased By ▼ -0.36 (-1.01%)
TPLP 8.18 Increased By ▲ 0.27 (3.41%)
TREET 16.11 Increased By ▲ 0.22 (1.38%)
TRG 52.75 Decreased By ▼ -0.01 (-0.02%)
UNITY 26.50 Decreased By ▼ -0.05 (-0.19%)
WTL 1.24 Decreased By ▼ -0.03 (-2.36%)
BR100 9,916 Decreased By -4.4 (-0.04%)
BR30 30,746 Decreased By -5.5 (-0.02%)
KSE100 93,451 Increased By 226.1 (0.24%)
KSE30 28,950 Increased By 65.4 (0.23%)
Markets

VIS confirms fund stability rating of Faysal Islamic Savings Growth Fund

KARACHI: VIS Credit Rating Company Limited has reaffirmed  the Fund Stability Rating of Faysal Islamic Savings Growt
Published May 13, 2019

KARACHI: VIS Credit Rating Company Limited has reaffirmed  the Fund Stability Rating of Faysal Islamic Savings Growth Fund at single A Plus (f).

The rating of A+ denotes moderate degree of stability. Moreover,  risk factors may vary with possible changes in the economy. Previous  rating action was announced on November 21, 2017, said a press release  on Monday.

The rating takes to account the stable risk profile of the fund in  accordance with its Investment Policy Statement. As per policy, all issue/issuer exposures are subject to minimum rating of A while  weighted average maturity and duration of the fund are capped at four  years and 180 days respectively.

During the period under review, the fund has largely maintained  exposure in A+ (96%) and above rated instruments. Based on the IPS  and actual asset allocation, the rating will be constrained by any  change in credit quality of the fund’s assets, going forward.

Copyright APP (Associated Press of Pakistan), 2019
 

Comments

Comments are closed.