| CREDIT RATING
Arcapita Maintains Stable Credit Rating
December 18, 2007. After their comprehensive annual review of Arcapita's financial and operational performance, as well as the status of the bank's balance sheet, Standard and Poor's have issued an affirmation of Arcapita's credit rating which remains as follows:
- Issuer Credit Rating: BBB/Stable/A-2
- Senior Unsecured Debt Rating: BBB
- Short-Term Debt Rating: A-2
This ratings affirmation follows the announcement in July of Arcapita's results for Fiscal 2007, in which the bank posted an increase of 83% in profits to $190.5 million. The performance of the bank in the first six months of Fiscal 2008 has remained strong, and Arcapita is ahead of budget at this stage of the year, with a strong pipeline of business for Q3 and Q4.
In November 2006, Standard & Poor’s awarded
Arcapita with an investment grade credit rating of
BBB/A-2/Stable.
This rating, which is above the minimum investment
grade, is a reflection of the measured growth of the
firm over the last nine years, and its commitment to
conservative balance sheet management. S&P stated
in its analysis of Arcapita, “The ratings reflect
Arcapita’s
strong profitability, satisfactory capitalization,
sound liquidity, and the diversification of its investment
portfolio.” For the S&P release
on Arcapita, please click here.
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