Press Release
VIS Reaffirms Fund Stability Rating of HBL Cash Fund
Karachi, December 29, 2025: VIS Credit Rating Company Limited has reaffirmed the Fund Stability Rating (FSR) of HBL Cash Fund (HBL-CF) at AA+(f) (Double A Plus (f)). Medium to long term fund rating of ‘AA+’ signifies high degree of stability in Net Asset Value, risk is modest but may vary slightly from time to time because of changing economic conditions. Previous rating action was announced on March 03, 2025.
Launched in December 13, 2010, HBL CF is an open-end money market fund with the objective to provide competitive returns to its investors through active investments in low-risk portfolio of short duration, while maintaining high liquidity.
The assigned rating reflects the Fund’s asset allocation strategy, which remains largely invested in liquid avenues namely T-Bills, cash, short term maturity PIB-Floater, and placements with banks and DFIs. The rating also considers the Fund’s credit quality, with a majority of investments in Government Securities and AAA-rated instruments. The Fund’s weighted average time to maturity (WAM) stayed within the prescribed limits, while its liquidity profile is supported by a significant proportion of investments in highly liquid assets.
For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria: Fund Stability Ratings
https://docs.vis.com.pk/Methodologies-2025/FSR-Methodology-Jan-2025.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf