Analyst
Ayesha Qasim
ayesha.qasim@pacra.com
+92-42-35869504
www.pacra.com
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Related Research
Sukuk Issued by Engro Fertilizers Limited Fully Redeemed: Rating Withdrawn |ST Sukuk | May-16
Rating Type | Debt Instrument | |
Current (23-Dec-16 ) |
Previous (18-Nov-16 ) |
|
Action | Withdraw | Maintain |
Long Term | AA- | AA- |
Short Term | - | - |
Outlook | - | Stable |
Rating Watch | - | - |
Engro Fertilizers Limited (EFert) issued a secured, privately placed Sukuk of PKR 5,000mln in May16. The instrument was issued for a period of 6 months. The Sukuk has been fully redeemed in a timely manner. Subsequent to redemption, PACRA has withdrawn the rating [AA-] of the said instrument.
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