.

The Pakistan Credit Rating Agency Limited

Consolidated List of PACRA's Publicly Disseminated Ratings As At January 11, 2010
Sr. No.

Name Of Organization
Type of Rating

Date of Notification
(dd/mm/yy)

Rating Assigned

FS/FR/
AMR/DG

Long Term

Short Term

1.
 Royal Bank of Scotland Limited(Formerly ABN Amro Bank Ltd
Entity
02-Nov-09
---
AA
A1+
2.
 Royal Bank of Scotland Limited(Formerly ABN Amro Bank Ltd.)
TFCs
02-Nov-09
---
AA-
---
3.
 Adamjee Insurance Company Limited
IFS
01-Jan-10
AA
---
---
4.
 Adamjee Life Assurance Company Limited
IFS
08-Oct-09
A
---
---
5.
 Al Meezan Mutual Fund (AMMF)
FR1
01-Jan-08
---
---
Islamic Fund Category
6.
 Al-Abbas Sugar Mills Limited

Entity

26-Nov-09
---
A
A1
7.
 Al-Abbas Sugar Mills Limited

TFCs

26-Nov-09
---
A+
---
8.
 Allied Bank Limited (ABL)
Entity
 19-Jun-09
---
AA
A1+
9.
 Allied Bank Limited (ABL)
TFCs
 19-Jun-09
---
AA-
---
10.
 AlBaraka Islamic Bank (Pakistan Branches)
Entity
29-Aug-08
---
A-
A1
11.
 Alfalah GHP Investment Management Limited
AMR2
20-Jan-09
AM3
---
---
12.
 Alfalah GHP Value Fund (AGVF)
FR
22-May-07
4-Star
Asset Allocation Fund Category
13.
 Alfalah Insurance Company Limited
IFS
06-Nov-09
A-
---
---
14.
 Al Ghurair Giga Pakistan (Pvt) Limited
Entity
11-Jul-08
---
Withdraws
---
15.
 Alliance Investment Management Limited
AMR
20-Jan-09
AM4-
---
---
16.
 Amreli Steels (Pvt) Limited
TFC-sukuk
12-Jun-08
---
A
---
17.
 AMZ Plus Income Fund (APIF)
FR
07-Feb-08
Income Fund Category
2-Star
2-Star
18.
 AMZ Plus Stock Fund (APSF)
FR
07-Feb-08
Equity Fund (Open-End) Category
2-Star
2-Star
19.
 Arif Habib Investment Management Limited
AMR
20-Jan-09
AM2
---
---
20.
 Arif Habib Investment Management Limited
Entity
08-Jul-09
---
A
A1
21.
 Arif Habib Bank Limited (AHB)
Entity
01-Oct-07
---
A-
A2
22.
 Askari Bank Limited
Entity
01-Jul-09
---
AA
A1+
23.
 Askari Bank Limited
TFCs3-I
01-Jul-09
---
AA-
---
24.
 Askari Bank Limited
TFCs-II
01-Jul-09
---
AA-
---
25.
 Askari Bank Limited
TFCs-III
15-Oct-09
---
AA-
---
26.
 Askari General Insurance Company Limited IFS
05-May-09
---
A-
---
27.
 Askari Investment Management Limited (AIM)
AMR
 20-Jan-09
AM3
---
---
28.
 Askari Income Fund (AIF)
FR
07-Feb-08
3-Star
Income Fund Category
29.
 Askari Leasing Limitedrw
Entity
17-Nov-09
---
A+
A1
30.
 Atlas Asset Management Limited
AMR
 20-Jan-09
AM3+
---
---
31.
 Atlas Bank Limited -VE RW
Entity
08-Jul-09
---
A-
A2
32.
 Atlas Fund of Funds (AFoF)
FR
31-Jan-08
3-Star
Fund of Funds Category
33.
 Atlas Income Fund (AIF)
FR
31-Jan-08
4-Star
5-Star
Income Fund Category
34.
 Atlas Insurance Company Limited (Formerly Muslim Insurance Co. Ltd. )
IFS4
23-Jun-08
A+
---
---
35.
 Atlas Stock Market Fund (ASMF)
FR
31-Jan-08
4-Star
Equity Fund (Open-End) Category
36.
 Attock Refinery Limited (ARL)
Entity
06-Oct-09
---
AA
A1+
37.
 Azgard Nine Limited
Entity
14-Nov-08
---
A+
A1
38.
 Azgard Nine Limited
TFCs
14-Nov-08
---
AA-
---
39.
 Azgard Nine Limited
ST-TFCs
14-Nov-08
---
A1+*
---
40.
 Bank Al Habib Limited
Entity
30-Jun-09
---
AA+
A1+
41.
 Bank Al Habib Limited
TFCs-I
30-Jun-09
---
AA
---
42.
 Bank Al Habib Limited
TFCs-II
30-Jun-09
---
AA
---
43.
 Bank Alfalah Limited
Entity
30-Jun-09
---
AA
A1+
44.
 Bank Alfalah Limited
TFCs-I
30-Jun-09
---
AA-
---
45.
 Bank Alfalah Limited
TFCs-II
30-Jun-09
---
AA-
---
46.
 Bank Alfalah Limited
TFCs-III
30-Jun-09
---
AA-
---
47.
 Bank Alfalah Limited
TFCs-IV
30-Jun-09
---
AA-
---
48.
 BankIslami Pakistan Limited
Entity
02-Jul-09
---
A
A1
49.
 The Bank of Punjab (BoP)
Entity
01-Jul-09
---
AA-
A1+
50.
 Bank of Khyber (BoK)
Entity
13-Jul-09
---
BBB
A2
51.
 Centrepoint Karach
Project Grading
10-Jul-09
PG3+
---
---
52.
 Dawood Capital Management Limited (DCM)
AMR
 20-Jan-09
AM4+
---
---
53.
 Dawood Money Market Fund (DMMF)
FR
 29-Apr-08
5-Star
5-Star
Money-Market Fund Category
54.
 Dewan Cement Limited
Entity
10-Nov-09
---
CC
D
55.
 Dewan Cement Limited
TFCs
10-Nov-09
---
D
---
56.
 East West Insurance Company Limited
IFS
08-Sep-09
A-
---
---
57.
 Eden Builders Limited
Developer Grading
28-May-08
PE2
---
---
58.
 Eden Builders Limited
S-TFCs
03-Apr-08
A
---
---
59.
 Eden Developers (Pvt) Limited
Developer Grading
24-Sep-09
DG3
---
---
60.
 Eden Developers (Pvt) Limited
S-TFCs
24-Sep-09
BBB-
---
---
61.
 Emaar DHA Islamabad Limited
Developer Grading
14-May-09
PE2+
---
---
62.
 Emaar Giga Karachi Limited
Developer Grading
31-Oct-07
PE1
---
---
63.
 Emirates Global Islamic Bank Limited
Entity
03-Jul-09
---
A-
A2
64.
 Engro Chemical Pakistan Limited
Entity
03-Jul-09
---
AA
A1+
65.
 Engro Chemical Pakistan Limited
TFCs-I
03-Jul-09
---
AA
---
66.
 Engro Chemical Pakistan Limited
TFCs-II
03-Jul-09
---
AA
---
67.
 Engro Chemical Pakistan Limited
TFCs-III
03-Jul-09
---
AA
---
68.
 Engro Chemical Pakistan Limited
TFCs-IV
05-Oct-09
---
AA
---
69.
 Eye Television Network Limited
Entity
07-Aug-09
---
A
A1
70.
 Faysal Bank Limited (FBL)
Entity
08-Jul-09
---
AA
A1+
71.
 Financial Receivables Securitization Company Limited (FRSCL)
S-TFCs
07-Jul-09
---
AA-
---
72.
 First Capital Equities Limited (FCEL)
Entity
06-Mar-09
---
Withdraws
---
73.
 First Capital Investments Limited (FCIL)
Entity
13-Jan-08
AM4+
---
---
74.
 First Capital Mutual Fund (FCMF)
FR
 13-Jan-08
4-Star
4-Star
Equity Closed-end Fund Category
75.
 First Dawood Investment Bank Limited-ve outlook (Formerly Dawood  Leasing Co. Ltd.)
Entity
31-Dec-09
---
D
D
76.
 First Dawood Investment Bank Limited-ve outlook (Formerly Dawood  Leasing Co. Ltd.)
TFCs - 2nd Tranche
 31-Dec-09
---
CCC
---
77.
 First Dawood Mutual Fund (FDMF)
FR
 29-Apr-08
4-Star
Balanced Fund Category
78.
 First Fidelity Leasing Modarabar
Entity
29-May-09
---
A-
A2
79.
 First Fidelity Leasing Modarabar
TFCs
09-May-08
---
A
---
80.
 First Habib Modaraba
Entity
04-Jul-09
---
AA+
A1+
81.
 First Punjab Modaraba
Entity
23-Nov-09
---
A-
A2
82.
 First Women Bank Limited
Entity
09-Jul-09
---
BBB+
A2
83.
 Habib Asset Management Limited
AMR
20-Jan-09
AM3-
---
---
84.
 Habib Insurance Company Limited (HIC)
IFS
08-Apr-09
A+
---
---
85.
 Habib Metropolitan Bank Limited
Entity
09-Jul-08
---
AA+
A1+
86.
 Hazara Phosphate Fertilizers (Pvt.) Limited
Entity
13-Nov-09
---
A+
A1
87.
 House Building Finance Corporation (HBFC)
Entity
21-Oct-09
---
A
A1
88.
 House Building Finance Corporation (HBFC)
TFCs
21-Oct-09
A+
---
---
89.
 IGI Investment Bank Limited-ve outlook (Formerly First Intl. Investment Bank Ltd.)
Entity
23-Dec-08
---
A
A1
90.
 IGI Investment Bank Limited-ve outlook (Formerly First Intl. Investment Bank Ltd.)
TFCs
23-Dec-08
---
A+
---
91.
 IGI Funds Limited (IGI FL's)
AMR
20-Jan-09
AM3
---
---
92.
 IGI Insurance Limited (IGI)
IFS
17-Dec-08
AA
---
---
93.
 Jahangir Siddiqui & Company Limited
Entity
02-Jul-09
---
AA+
A1+
94.
 Jahangir Siddiqui & Company Limited
TFCs-I
02-Jul-09
---
AA+
---
95.
 Jahangir Siddiqui & Company Limited
TFCs-II
02-Jul-09
---
AA+
---
96.
 Jahangir Siddiqui & Company Limited
TFCs-III
02-Jul-09
---
AA+
---
97.
 Jahangir Siddiqui & Company Limited
TFCs-IV
02-Jul-09
---
AA+
---
98.
 JS Aggressive Asset Allocation Fund (JS AAAF)
FR
 13-May-08
4-Star
---
99.
 JS Fund of Funds (JS FoF)
FR
 13-May-08
4-Star
---
100.
 JS Growth Fund (JS GF) FR 13-May-08 3-Star
---
---
101.
 JS-Income Fund (JSIF) FR 13-May-08
5-Star
5-Star
  
102.
 JS Investments Limited (Formerly JS ABAMCO Limited)

AMR
20-Jan-09
AM2+
---
---
103.
 JS Investments Limited (Formerly JS ABAMCO Limited)

Entity

22-May-08
---
AA-
A1+
104.
 JS Bank Limited+ve outlook

Entity

01-Jul-09
---
A
A1
105.
 JS Global Capital Limited (Formerly JS Capital Markets Limited)
Entity
12-Oct-09
---
AA
A1+
106.
 JS Value Fund (JSVF)
FR
 13-May-08
5-Star
5-Star
107.
 KASB Bank Limited
Entity
01-Jul-09
---
A
A1
108.
 KASB Funds Limited
AMR
20-Jan-09
Withdraws
---
---
109.
 KASB Funds Limited
AMR
20-Jan-09
5-Star
---
Money Market Fund
110.
 KASB Securities Limited+ve
Entity
08-Oct-08
---
A+
A1
111.
 KASB Securities Limited+ve
TFCs
08-Oct-08
---
AA-
---
112.
 Kohat Cement Company Limited (KCCL) WD
Entity
12-Jan-09
---
Withdrawn
---
113.
 Maple Leaf Cement Factory Limited (MLCFL)-ve
Entity
29-Dec-09
---
SD
---
114.
 Maple Leaf Cement Factory Limited (MLCFL)-ve
TFCs
29-Dec-09
---
D
---
115.
 MCB Asset Management Company Limited+ve
AMR
20-Jan-09
AM3+
---
---
116.
 MCB Bank Limited (Formerly Muslim Commercial Bank Limited)
Entity
01-Jul-09
---
AA+
A1+
117.
 Meezan Balanced Fund (MBF)
FR
 01-Jan-08
5-Star
Islamic Fund Category
118.
 Meezan Islamic Fund (MIF)
FR
 01-Jan-08
5-Star
Islamic Fund Category
119.
 Metrobank-Pakistan Sovereign Fund (MSF)
FR
 14-Feb-08
4-Star
3-Star
120.
 Modaraba Al-Malid
Entity
30-Sep-09
---
A-
A2
121.
 Mybank Limited
Entity
08-Jul-09
---
A-
A2
122.
 National Fullerton Asset Management Limited
AMR
04-Jul-09
AM2-
---
---
123.
 National Investment (Unit) Trust - NIT
FR
 29-Feb-08
5-Star
5-Star
---
124.
 National Investment Trust Limited
AMR
07-Dec-09
AM2
---
---
125.
 National Power Construction Corporation (Pvt) Limited
Entity
17-July-09
---
A
A1
126.
 National Refinery Limited (NRL)
Entity
12-Aug-08
---
AAA
A1+
127.
 Network Leasing Corporation Limited
Entity
29-Jan-09
---
Withdrawn
---
128.
 Network Microfinance Bank Limited
Entity
14-May-09
---
BBB
A3
129.
 New Jubilee Insurance Company Limited (NJI)
IFS
 31-Dec-08
AA
---
---
130.
 NIB Bank Limited
Entity
01-Jul-09
---
AA-
A1+
131.
 NIB Bank Limited
TFCs
01-Jul-09
---
A+
---
132.
 Nishat Chunian Power Limited
Entity
 31-Jul-09
---
AA
A1+
133.
 Nishat Mills Limited
Entity
 07-Apr-09
---
A+
A1
134.
 Nishat Power Limited
Entity
 24-Jul-09
---
AA
A1+
135.
 Optimus Limited (OL)
Entity
 22-Oct-08
---
BBB+
A2
136.
 Optimus Limited (OL)
TFCs
 22-Oct-08
---
A
---
137.
 Optimus Limited (OL)
TFCs
 22-Oct-08
---
A
---
138.
 Optimus Limited (OL)
TFCs
 22-Oct-08
---
A
---
139.
 ORIX Investment Bank Pakistan Limited)
Entity
07-Oct-09
---
Withdrawn
---
140.
 ORIX Leasing Pakistan Limited
Entity
11-Jan-10
---
AA+
A1+
141.
 ORIX Leasing Pakistan Limited
TFCs
11-Jan-10
---
AA+
---
142.
 PACE Pakistan Limited(PACE)
Entity
27-Aug-09
---
A
A1
143.
 PACE Pakistan Limited(PACE)
TFCs-I
27-Aug-09
---
A+
---
144.
 PACE Pakistan Limited(PACE)
TFCs-II
27-Aug-09
---
A+
---
145.
 Packages Limited
Entity
04-Jul-09
---
AA
A1+
146.
 Pak-American Feritilzers Limited (PAFL)
Entity
14-Nov-08
---
A+
A1
147.
 Pak-Arab Refinery Limited (PARCO)
Entity
21-Oct-09
---
AAA
A1+
148.
 Pak Brunei Investment Company Limited (PBIC)
Entity
 30-Jun-09
---
AA
A1+
149.
 Pak China Investment Company Limited (PCICL)
Entity
 30-Jun-09
---
AA-
A1+
150.
 Pak Elektron Limited (PEL)
Entity
05-Aug-09
---
A
A1
152.
 Pak Elektron Limited (PEL)
TFCs-I
05-Aug-09
---
A
---
153.
 Pak Elektron Limited (PEL)sukuk
Sukuk-I
05-Aug-09
---
A+
---
154.
 Pak Elektron Limited (PEL)sukuk
Sukuk-I
05-Aug-09
---
A+
---
155.
 Pakistan Capital Market Fund (PCM)
FR
14-Feb-08
5-Star
Asset Allocation Fund Category
156.
 Pakistan Income Fund (PIF)
FR
14-Feb-08
5-Star
Income Fund Category
157.
 Pak Iran Joint Investment Company Limited (PIJICL)
Entity
 16-Jul-09
---
AA-
A1+
158.
 Pak Kuwait Investment Company (Pvt) Limited (PKIC)
Entity
 26-Jun-07
---
AAA
A1+
159.
 Pak-Libya Holding Company (Pvt) Limited (PLHC)
Entity
09-Jul-09
---
AA-
A1+
160.
 Pakistan Mobile Communications Limited (Mobilink)
Entity
05-Mar-08
---
AA-
A1
161.
 Pakistan Mobile Communications Limited (Mobilink)
TFCs-I
05-Mar-08
---
AA-
---
162.
 Pakistan Mobile Communications Limited (Mobilink)
TFCs-II
05-Mar-08
---
AA-
---
163.
 Pakistan Premier Fund Limited (PPF)
FR
12-Jan-07
4-Star
Equity Fund (Closed-End) Category
164.
 Pakistan State Oil Company Limited (PSO)
Entity
25-Feb-09
---
AA+
A1+
165.
 Pakistan Stock Market Fund (PSMF)
FR
14-Feb-08
3-Star
5-Star
---
166.
 Pakistan Strategic Allocation Fund (PSAF)
FR
14-Feb-08
4-Star
Equity Fund (Closed-End) Category
167.
 Poineer Cement Limited
Entity
16-Dec-09
---
Withdrawn
---
168.
 Prime Electronics Securitization Company Limitedrw
TFCs
18-July-07
---
AA-
---
169.
 Prosperity Weaving Mills Limited
Entity
05-Nov-09
---
BBB+
A2
170.
 Royal Bank of Scotland Limited
TFCs
03-Apr-09
---
Withdrawn
---
171.
 Reem Rice Mills (Pvt) Limited
Entity
25-Oct-07
---
BBB+
A2
172.
 Reliance Insurance Company Limited (RIC)
IFS
01-Jan-09
Withdrawn
---
---
173.
 Shaheen Insurance Company Limited (SIC)
IFS
04-Jul-08
A-
---
---
174.
 Shakarganj Mills Limited
Entity
17-Nov-09
---
D
D
175.
 Shakarganj Mills Limited
TFCs
17-Nov-09
---
D
---
176.
 Soneri Bank Limited
Entity
30-Jun-09
---
AA-
A1+
177.
 Soneri Bank Limited
TFCs
30-Jun-09
---
A+
---
178.
 Standard Chartered Bank (Pakistan) Limited
Entity
30-Jun-09
---
AAA
A1+
179.
 Standard Chartered Bank (Pakistan) Limited (Originally Issued By Union Bank Limited)
TFCs-I
30-Jun-09
---
AAA
---
180.
 Standard Chartered Bank (Pakistan) Limited (Originally Issued By Union Bank Limited)
TFCs-II
30-Jun-09
---
AAA
---
181.
 Standard Chartered Bank (Pakistan) Limited (Originally Issued By Union Bank Limited)
TFCs-III
30-Jun-09
---
AAA
---
182.
 Standard Chartered Leasing
Entity
12-Jan-09
---
AA+
A1+
183.
 Standard Chartered Modaraba (Formerly First Grindlays Modaraba)
Entity
17-Sep-09
---
AA+
A1+
184.
 Standard Chartered Modaraba (Formerly First Grindlays Modaraba)
IFS
29-Sep-09
AAA
---
---
185.
 Sui Northern Gas Pipelines Limited (SNGPL)
Entity
10-Oct-08
---
AA
A1+
186.
 Sui Southern Gas Company Limited (SSGC)
Entity
14-Jul-09
---
AA-
A1+
187.
 Sui Southern Gas Company Limited (SSGC)
TFCs
14-Jul-09
---
AA
---
188.
 Trakker (Pvt) Limited
Entity
24-Dec-08
---
A-
A2
189.
 Trakker (Pvt) Limited
TFCs
24-Dec-08
---
A-
A2
190.
 Trakker Direct Insurance Company Limited
IFS
23-Jun-09
A-
---
---
191.
 Tricon Developers
DG
20-Jul-09
DG3
---
---
192.
 Tri-Pack Films Limitedrw
Entity
28-Sep-09
---
A+
A1
193.
 TRG Pakistan Limited
Entity
22-Jul-09
Withdraws
---
---
194.
 Trust Investment Bank Limited-ve outlook(FormerlyTrust Leasing & Investment Bank Limited.)
Entity
23-Dec-08
---
A-
A2
195.
 Trust Investment Bank Limited-ve outlook(FormerlyTrust Leasing & Investment Bank Limited.)
TFCs-I
 23-Dec-08
---
A
---
196.
 Trust Investment Bank Limited-ve outlook(FormerlyTrust Leasing & Investment Bank Limited.)
TFCs-II 1st Tranche
23-Dec-08
---
A
---
197.
 Trust Investment Bank Limited-ve outlook(FormerlyTrust Leasing & Investment Bank Limited.)
TFCs-II 2nd Tranche
23-Dec-08
---
A
---
198.
 Trust Investment Bank Limited-ve outlook(FormerlyTrust Leasing & Investment Bank Limited.)
TFCs-III
23-Dec-08
---
A
---
199.
 Unit Trust of Pakistan (UTP)
FR
13-May-08
5-Star
5-Star
---
200.
 United Insurance Company of Pakistan Limited
IFS
04-Aug-08
A-
---
---
201.
 UTP Plus Incom Fun (UTP-PIF)
FR
13-May-08
4-Star
Asset Allocation Fund Category
202.
 UTP Large Cap Fund (UTP-LCF)
FR
13-May-08
4-Star
5-Star
---
203.
 UTP-Islamic Fund (UTP-ISF)
FR
13-May-08
4-Star
Islamic Fund Category
204.
 WorldCall Telecom Limited (WTL)
Entity
29-May-09
---
A-
A2
205.
 WorldCall Telecom Limited (WTL)
TFCs-I
29-May-09
---
A
---
206.
 WorldCall Telecom Limited (WTL)
TFCs-II
29-May-09
---
A
---

rw On Rating Watch rw

1Fund Star Ranking (Based on Performance Review Upto the Period Ended June 30, 2007)

2 Asset Manager Rating

3 Term Finance Certificates

4 Insurer Financial Strenth Rating

5 Securitised Term Finance Certificates

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