The Pakistan Credit Rating Agency Limited
Press Release
Date
06-Oct-17
06-Oct-17
Analyst
Muneeb Rashid
muneeb.rashid@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Debt Instruments Rating Methodology | Jun-17
- Methodology | Corporate Rating Methodology | Jul-17
- Methodology | Correlation between long-term and short-term rating scale | Jun-17
- Methodology | Criteria Modifiers | Jun-17
Related Research
Disclaimer
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
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
Azm Certificate (TFC-III) Issued by K-Electric Limited Fully Redeemed: Rating Withdrawn
| Issuer | K-Electric Limited |
| Instrument | TFC-III |
| Amount | PKR 500 mln |
| Issuance Date | 13-Aug-12 |
| Tenor | 5 Years |
| Redemption Date | 12-Aug-17 |
| Outstanding Amount | - |
| Rating Type | Debt Instrument | |
|
Current (06-Oct-17 ) |
Previous (30-Mar-17 ) |
|
| Action | Redeem | Maintain |
| Long Term | - | AA+ |
| Short Term | - | - |
| Outlook | - | Stable |
| Rating Watch | - | - |
About
the Entity
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.