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The Pakistan Credit Rating Agency Limited
Press Release
Date
20-May-26

Analyst
Muhammad Azmat Shaheen
azmat.shaheen@pacra.com
+92-42-35869504
www.pacra.com

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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 the IFS Rating of TRAFCO Insurance Company Limited

Rating Type IFS
Current
(20-May-26 ) 		Previous
(05-Jun-25 )
Action Withdraw Downgrade
IFS Rating - BBB (ifs)
Outlook Stable
Rating Watch - -

Due to the management decision to discontinue the rating, PACRA withdraws the IFS rating of the company with immediate effect.
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About the Entity
TRAFCO Insurance Company Limited (“TRAFCO Insurance” or “the Company”) operates within the general insurance space. The sponsoring family and friends, led by Mr. Tahir Malik, hold ownership of the Company.

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.