Analyst
Muhammad Obaid
muhammad.obaid@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
Related Research
PACRA Withdraws Entity Ratings of KASB Modarba
Rating Type | Entity | |
Current (05-Nov-18 ) |
Previous (29-Jun-18 ) |
|
Action | Withdraw | Downgrade |
Long Term | - | BBB |
Short Term | - | A2 |
Outlook | - | Negative |
Rating Watch | - | - |
The management of KASB Modaraba is not interested in continuation of the rating process. Hence, PACRA withdraws Entity Ratings [Long Term BBB, Short Term A2] of KASB Modaraba with immediate effect.
About
the Entity
KASB Modaraba (KASBM) established in 1990, is a perpetual, multipurpose Modaraba with its head office situated in Karachi. The Modaraba, listed on Pakistan Stock Exchange is primarily engaged in financing through Ijarah, Morabaha, Musharaka, Diminishing Musharaka and Modaraba. Modarba’s management company is KASB Invest (Private) Limited (KIPL).