Fitch Ratings affirmed GFH Bank’s Long-term and Short-term Issuer Default Ratings (IDRs) at 'B' with a Stable outlook on the Long-term IDR.
The agency also affirmed the 'B'/'RR4' senior unsecured Long-term Rating for the US$500 million sukuk certificates issued through GFH Senior Sukuk Limited.
Management stated that the affirmation reflects the bank's steady progress across core business lines and the continued execution of its strategy.