MANAMA: International credit rating agency Capital Intelligence Ratings (CI Ratings) has affirmed the long-term rating of GFH Financial Group (GFH) at ‘BB’ while maintaining the short-term rating at ‘B’ with a ‘Stable’ outlook.
The ratings were supported by GFH’s ongoing strong profitability at both operating and net levels, improved diversification of business segments and revenues in recent years, as well as the successful implementation of its strategy to convert into a financial group .