Tuesday, November 02,
2021 / 03:40 PM / by DataPro / Header Image Credit: Mutual Trust Microfinance Bank
DataPro, the Technology-Driven Credit Rating Agency
(CRA) has in its latest report assigns Mutual Trust MFB long-term rating of "BBB" with a Stable Outlook for the year 2021/2022.
The "BBB" indicates Slight Risk. It shows Fair
Financial Strength, Operating Performance and Business Profile when compared to
the standard established by DataPro. This Company, in our opinion, has the
ability to meet its ongoing obligations, but its financial strength is
vulnerable to adverse changes in economic conditions.
The DataPro Rating Committee approved the Rating after
assessment of the Company's Financial Performance, Capital Adequacy, Asset
Quality, Profitability, Risk Factors and Future Outlook of its current healthy
profile in the medium to long-term period.
The Rating of Mutual Trust MFB is supported by the
Bank's Very Good Liquidity Position, Good Profitability and Asset Quality.
Mutual Trust MFB had a Short-Term Rating of "A2" which
indicates Fair Credit Quality and Adequate Capacity for timely payment of
DataPro notes that the Rating carries a maximum shelf
life of 12 calendar months, in line with International Best Practice. The
Rating is therefore not an offer to trade in securities nor a substitute for
the user's judgement. It is meant for reference purposes.
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