PACRA ASSIGNS RATINGS TO

PAK LIBYA HOLDING COMPANY (PLHC)

 

Lahore: September 25, 2003

The Pakistan Credit Rating Agency (PACRA) has assigned long-term and short-term ratings of 'AA-' (Double A minus) and 'A1+' (A One plus), respectively, to Pak Libya Holding Company. These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.

The assigned ratings reflect the strong risk absorption capacity of the company and the relatively low risk profile of its asset portfolio.