The Pakistan Credit Rating Agency (PACRA) has assigned a long term rating of ‘AA' (Double A) and a short term rating of ‘A1+' (A One Plus) to Attock Petroleum Limited. The ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payments of financial commitments and are applicable to the senior unsecured creditors of the company.

The ratings reflect APL's very strong financial profile emanating from debt free capital structure, outstanding performance and robust liquidity. The company is, therefore, well placed to withstand competitive pressures. The ratings also factor in the benefits accruing to the company from its association with the only fully integrated group in the oil and gas sector of the country.

About the company: Attock Petroleum Limited (APL) is a member of Attock Group of Companies, a fully integrated group covering all segments of oil and gas industry from exploration, production, and refining to marketing of a wide range of petroleum products. APL, with concentration in Punjab and NWFP, holds around 3% of local POL market share. The company is focused to provide modern facilities in terms of storage, transportation and retail outlet network for nationwide marketing of petroleum products, including its own brand of lubricants. APL is also actively involved in the export of petroleum products.