HBL AMC rating upgraded
HBL AMC rating upgraded January 9, 2021 KARACHI: VIS Credit Rating Company has upgraded the Management Quality Rating (MQR) of HBL Asset Management Limited (HBL AMC) from ‘AM2+’ (AM-Two Plus) to ‘AM2++’ (AM-Two Plus Plus), a statement said. The outlook on the assigned rating is ‘Stable’, it added. The upgraded rating reflects the exhibited improvement in the market position and fund performance. It also factors in a diverse product portfolio, adequate overall control, compliance, and risk management framework, together with a well-structured investment process having a strong fo...