DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report assigned Mutual Trust MFB a long-term rating of “BBB” with a Stable Outlook for the year 2021/2022.
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.
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 judgment. It is meant for reference purposes.
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