JCR-VIS Credit Rating Company Limited has reaffirmed the medium to long-term entity rating of ‘A’ (Single A) and short-term rating of ‘A-2’ (A-Two) assigned to House Building Finance Company Limited (HBFCL), formerly known as House Building Finance Corporation Limited.
HBFCL currently has federal government guarantee against credit lines obtained from SBP that constitute more than 90 per cent of total borrowings. Following the appointment of the current chief executive officer, the executive management team has also been strengthened and now comprises of well-rounded professionals. During last year, HBFCL successfully implemented a Voluntary Separation Scheme, which was funded partly by the federal government.
