Question
The following is a statement in financial from president and CEO of Samba Bank on behalf of directors to Shareholders: As a result of strong
The following is a statement in financial from president and CEO of Samba Bank on behalf of directors to Shareholders:
"As a result of strong liquidity position and its strategic direction, your bank's medium to long term credit rating maintained as A (single A) whereas its short term rating remained as A-1 (A-One) as issued by JCR-VIS Credit rating Agency. These long and short term ratings, respectively, denote the low credit risk due to the adequate credit quality with reasonable protection....."
Required:
Explain in detail that how samba bank would have been able to achieve such high credit quality.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started