The Pakistan Credit Rating Agency Limited
Press Release
a

Rating Action
Lahore: (21-October-2005)
   

PACRA and Nespak Maintain Grading of Eden Developers (Pvt) Limited
 

 
Analyst
Ambreen Irfan
(+92-42-586 9504)
ambreen@pacra.com

 

 

 




 

 

 

 

 

Disclaimer
This press release is transmitted to you for this sole purpose of dissemination through your newspaper/magazine/agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to PACRA. However, PACRA has the sole right of distribution of its press releases for consideration or otherwise through any media.

  

PACRA & NESPAK have jointly maintained the grading of Eden Developers (Pvt) Limited at “PE2”. The grading denotes a strong project execution capacity with highly promising prospects of execution of real estate projects as per plan and the ability to transfer ownership as per terms.

The success of the company lies in innovative architectural design and planning, high standards of construction and management, and a planning team focused towards providing timely delivery through standardization and effective monitoring.

About the Company: Eden Developers (Pvt) Limited (EDPL) has played an important role in the development of Lahore’s real estate sector since 1981. The company has been principally engaged in the construction and execution of affordable housing projects, and land development, with a limited focus on construction of plazas. Eleven housing, and three commercial projects, have been completed so far. The focus of the company has remained on providing for the residential needs of a growing middle class by building high quality houses at affordable prices, and at the same time providing the business community with modern and contemporary commercial buildings. Going forward, the company plans on shifting its focus to housing projects for the lower middle income segment.

 
 
The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity.

PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings.

PACRA's opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.

 

    
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