| Sr.No | Entity | Sector | Rating Type | Dissemination Date |
Action | Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| 1 | Airlink Communication Limited | PPSTS-I | PKR 3bln | Mar-24 Press Release | Report | History |
Communication | Debt Instrument | 09-May-24 | Maintain | A+ | Stable | - |
| 2 | Ismail Industries Limited | PPSTS | PKR 4bln | Feb 24 Press Release | Report | History |
Food and Allied | Debt Instrument | 30-Apr-24 | Initial | A+ | Stable | - |
| 3 | K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar’24 Press Release | Report | History |
Energy | Debt Instrument | 30-Apr-24 | Initial | AA | Stable | - |
| 4 | K-Electric Limited | PPSTS-23 | PKR 5bln | Feb’24 Press Release | Report | History |
Energy | Debt Instrument | 30-Apr-24 | Initial | AA | Stable | - |
| 5 | Ismail Industries Limited | PPSTS | PKR 6bln | TBI Press Release | Report | History |
Food and Allied | Debt Instrument | 29-Apr-24 | Preliminary | A+ | Stable | - |
| 6 | The Hub Power Company Limited | PPSTS | PKR 6bln | TBI Press Release | Report | History |
Energy | Debt Instrument | 29-Apr-24 | Preliminary | AA+ | Stable | - |
| 7 | Mughal Iron & Steel Industries Limited | PP Sukuk Press Release | Report | History |
Infrastructure | Debt Instrument | 15-Apr-24 | Maintain | A+ | Stable | - |
| 8 | Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | Apr-24 Press Release | Report | History |
Infrastructure | Debt Instrument | 05-Apr-24 | Preliminary | A+ | Stable | - |
| 9 | Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24 Press Release | Report | History |
Pharma and Chemicals | Debt Instrument | 03-Apr-24 | Initial | A+ | Stable | - |
| 10 | Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | TBI Press Release | Report | History |
Energy | Debt Instrument | 01-Apr-24 | Preliminary | AA | Stable | - |
| 11 | Lucky Electric Power Company Limited | PPSTS-16 | PKR 7bln | Feb24 Press Release | Report | History |
Energy | Debt Instrument | 28-Mar-24 | Initial | AA | Stable | - |
| 12 | Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | TBI Press Release | Report | History |
Energy | Debt Instrument | 25-Mar-24 | Preliminary | AA | Stable | - |
| 13 | Gas & Oil Pakistan Limited | PP Sukuk Press Release | Report | History |
Energy | Debt Instrument | 01-Mar-24 | Maintain | AA- | Stable | - |
| 14 | Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | TBI Press Release | Report | History |
Communication | Debt Instrument | 29-Feb-24 | Preliminary | AA | Stable | - |
| 15 | Engro PowerGen Thar (Private) Limited | PP Sukuk Press Release | Report | History |
Energy | Debt Instrument | 28-Feb-24 | Maintain | AA- | Stable | - |
| 16 | TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23 Press Release | Report | History |
Infrastructure | Debt Instrument | 19-Feb-24 | Initial | A+ | Stable | - |
| 17 | Lucky Electric Power Company Limited | PPSTS-15 | PKR 6bln | Dec23 Press Release | Report | History |
Energy | Debt Instrument | 16-Feb-24 | Initial | AA | Stable | - |
| 18 | K-Electric Limited - PPSTS-XXII | PKR 5.0 Bln | Jan'24 Press Release | Report | History |
Energy | Debt Instrument | 14-Feb-24 | Initial | AA | Stable | - |
| 19 | Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23 Press Release | Report | History |
Infrastructure | Debt Instrument | 06-Feb-24 | Initial | AA- | Stable | - |
| 20 | Ghani Chemical Industries Limited | Sukuk | Feb-17 Press Release | Report | History |
Pharma and Chemicals | Debt Instrument | 29-Jan-24 | Maintain | A | Stable | - |
| 21 | TPL Corp Limited | PP Sukuk | Jun-22 Press Release | Report | History |
Holding Company | Debt Instrument | 12-Jan-24 | Maintain | AA- | Stable | Yes |
| 22 | TPL Corp Limited | PPTFC | Jun-22 Press Release | Report | History |
Holding Company | Debt Instrument | 12-Jan-24 | Maintain | AA- | Stable | - |
| 23 | Pak Elektron Limited | PPSTS | PKR 2bln | TBI Press Release | Report | History |
Consumers Goods & Services | Debt Instrument | 11-Jan-24 | Preliminary | A+ | Stable | - |
| 24 | Nishat Mills Limited | PPSTS | PKR 10bln | Nov-23 Press Release | Report | History |
Textile & Allied | Debt Instrument | 05-Jan-24 | Initial | AA | Stable | - |
| 25 | Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | Apr-24 Press Release | Report | History |
Energy | Debt Instrument | 29-Dec-23 | Preliminary | AA- | Stable | - |
| 26 | WAPDA Dasu TFC-E Press Release | Report | History |
Energy | Debt Instrument | 29-Dec-23 | Preliminary | AAA | Stable | - |
| 27 | WAPDA Dasu Sukuk-E Press Release | Report | History |
Energy | Debt Instrument | 29-Dec-23 | Preliminary | AAA | Stable | - |
| 28 | Pakistan Services Limited | Sukuk | Mar-18 Press Release | Report | History |
Consumers Goods & Services | Debt Instrument | 29-Dec-23 | Downgrade | BB | Negative | Yes |
| 29 | Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | TBI Press Release | Report | History |
Engineering and Technology | Debt Instrument | 22-Dec-23 | Initial | AA | Stable | - |
| 30 | WAPDA Dasu Sukuk-D Press Release | Report | History |
Energy | Debt Instrument | 15-Dec-23 | Initial | AAA | Stable | - |
| 31 | WAPDA Dasu TFC-D Press Release | Report | History |
Energy | Debt Instrument | 15-Dec-23 | Initial | AAA | Stable | - |
| 32 | WAPDA | PPTFC | May-17 Press Release | Report | History |
Energy | Debt Instrument | 15-Dec-23 | Maintain | AAA | Stable | - |
| 33 | WAPDA | Sukuk | May-17 Press Release | Report | History |
Energy | Debt Instrument | 15-Dec-23 | Maintain | AAA | Stable | - |
| 34 | The Hub Power Company Limited | PPSTS | PKR 6bln | Nov-23 Press Release | Report | History |
Energy | Debt Instrument | 13-Dec-23 | Initial | AA+ | Stable | - |
| 35 | Hub Power Holdings Limited | Sukuk Press Release | Report | History |
Holding Company | Debt Instrument | 01-Dec-23 | Maintain | AA+ | Stable | - |
| 36 | Berger Paints Pakistan Limited | PP Sukuk | Sep -21 Press Release | Report | History |
Pharma and Chemicals | Debt Instrument | 24-Nov-23 | Maintain | A | Stable | - |
| 37 | TPL Trakker Limited | Sukuk Press Release | Report | History |
Logistics | Debt Instrument | 21-Nov-23 | Maintain | A+ | Stable | - |
| 38 | WAPDA Dasu Sukuk-B Press Release | Report | History |
Energy | Debt Instrument | 20-Nov-23 | Maintain | AAA | Stable | - |
| 39 | WAPDA Dasu TFC-B Press Release | Report | History |
Energy | Debt Instrument | 17-Nov-23 | Maintain | AAA | Stable | - |
| 40 | WAPDA Dasu TFC-C Press Release | Report | History |
Energy | Debt Instrument | 17-Nov-23 | Maintain | AAA | Stable | - |
| 41 | WAPDA Dasu Sukuk-C Press Release | Report | History |
Energy | Debt Instrument | 17-Nov-23 | Maintain | AAA | Stable | - |