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July 26, 2017
ASL CREDIT: gets BBB+ (KE) rating from GCR, Outlook Stable.

ASL Credit was assigned a national scale long term debt rating of BBB-(KE), A3 (KE) and a Commercial Paper rating of A3 (KE) by Global Credit Ratings in Johannesburg on 28th July, 2017. The ratings have been granted a Stable outlook, and are valid until June 2018.

The ratings accorded to ASL Credit reflect a company that is established on a streamlined business model. ASL Credit is a provider of hire purchase financing services for vehicles and equipment purchases in Kenya with a broader, more inclusive approach at competitive rates unlike the larger mainstream providers in the banking industry. ASL Credit’s stable performance is attributed to its sound asset quality, modest capitalisation as well as acceptable liquidity and returns giving them an edge in the vehicle and asset financing/re-financing sector.