Sammaan Capital has informed that the international credit rating agency Moody’s Investor Service has changed outlook to positive from stable. Moody’s have reaffirmed long-term corporate family rating and foreign and local currency senior secured medium-term note (MTN) program ratings at B2 Moody’s noted the following in changing the outlook to positive from stable: Strong capital levels, Improving overall asset quality, Strong loan loss buffers and Reduction in legacy book.
The above information is a part of company’s filings submitted to BSE.
