Analyst
Ayesha Qasim
ayesha.qasim@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
Pakcem Amalgamated with and into Bestway Cement; Ratings Withdrawn
Rating Type | Entity | |
Current (02-Nov-16 ) |
Previous (19-Nov-15 ) |
|
Action | Withdraw | Initial |
Long Term | A- | A- |
Short Term | A2 | A2 |
Outlook | Stable | |
Rating Watch | - | - |
Pakcem Limited stands fully amalgamated with and into Bestway Cement Limited. This was in pursuance of Scheme of Amalgamation approved by the Islamabad High Court, dated August 22, 2016. Subsequent, to the regulatory approvals, PACRA has withdrawn the entity ratings of Pakcem Limited [Long-term "A-" and Short-term "A2"].
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