Press Release

JCR-VIS Assigns Fund Stability Rating of AA+(f)to HBL Money Market Fund

Karachi, July 15, 2010: JCR-VIS Credit Rating Company Limited has assigned Fund Stability Rating (FSR) of ‘AA+(f)’ (Double A Plus (f)) to HBL Money Market Fund (HBL MMF) launched by HBL Asset Management Limited.

HBL MMF has been structured as an open-end money market scheme with the objective to seek high liquidity and competitive return for investors by investing in low risk securities of short duration and low credit risk. Risk profile of the fund will be managed by restricting investments in ‘AA’ and above rated instruments comprising T-bills, bank deposits, etc. Moreover, at least 50% of net assets of the fund will remain invested in T-bills at all times. The maximum time to maturity of any exposure in the fund may not exceed 6 months while the weighted average time to maturity of the net assets shall not exceed 90 days.

For further information on this rating announcement, please contact Ms. Sobia Maqbool (Ext: 506) at 35311861-70 or fax to 35311872-3.



Faheem Ahmad
President & CEO

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright July 15, 2010 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.