The Pakistan Credit Rating Agency Limited
Press Release


Sehar Fatima

Applicable Criteria

Related Research

This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA

PACRA withdraws Entity Ratings of Bilal Steel Mills

Rating Type Entity
Action Withdraw Maintain
Long Term - BB
Short Term - B
Outlook Stable
Rating Watch - -

PACRA has withdrawn the entity ratings of Bilal Steel Mills with immediate effect
due to non-availability of requisite information.

About the Entity
Bilal Steel Mills, incorporated in 2013, is primarily engaged in the manufacturing and sale of billets and D-formed steel bars.

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.