Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Lucky Electric Power Company Limited | PPSTS-11 | PKR 6bln | TBI
Press Release | Report | History
Power Debt Instrument 07-Jun-23 Preliminary AA A1+ Stable -
2 Pioneer Cement Limited
Press Release | Report | History
Cement Entity 07-Jun-23 Maintain A A2 Stable -
3 Lucky Electric Power Company Limited | PPSTS-10 | PKR 6bln | Apr23
Press Release | Report | History
Power Debt Instrument 07-Jun-23 Initial AA A1+ Stable -
4 TPL Trakker Limited | Sukuk
Press Release | Report | History
Tracking Services Debt Instrument 07-Jun-23 Maintain A+ Stable -
5 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 02-Jun-23 Maintain AA(f) Stable -
6 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 02-Jun-23 Maintain AA(f) Stable -
7 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Pipeline Networks Entity 02-Jun-23 Maintain AAA A1+ Stable -
8 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 02-Jun-23 Maintain AA+ Stable -
9 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Asset Managers Stability Rating 02-Jun-23 Maintain A(f) Stable -
10 China Power Hub Generation Company (Pvt.) Limited | PPSTS-3 | PKR 7bln | Mar-23
Press Release | Report | History
Power Debt Instrument 02-Jun-23 Initial AA+ A1+ Stable -
11 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Asset Managers Stability Rating 02-Jun-23 Maintain A+(f) Stable -
12 Martin Dow Marker Limited
Press Release | Report | History
Pharmaceutical Entity 02-Jun-23 Maintain A+ A1 Stable -
13 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Asset Managers Stability Rating 02-Jun-23 Maintain A+(f) Stable -
14 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 02-Jun-23 Maintain AA(f) Stable -
15 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 01-Jun-23 Maintain A- A2 Stable -
16 EFU General Insurance Limited
Press Release | Report | History
General Insurance IFS 01-Jun-23 Maintain AA++ (ifs) Stable -
17 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Composite Entity 01-Jun-23 Upgrade A A1 Stable -
18 Gas & Oil Pakistan Limited
Press Release | Report | History
Oil Marketing Companies Entity 01-Jun-23 Maintain A+ A1 Stable -
19 Panther Tyres Limited
Press Release | Report | History
Tyres Entity 29-May-23 Maintain A A1 Stable -
20 K-Electric | PPSTS-13 | PKR 5bln | Feb 23
Press Release | Report | History
Power Debt Instrument 26-May-23 Initial AA A1+ Stable -
21 K-Electric | PPSTS-14 | PKR 5bln | Feb 23
Press Release | Report | History
Power Debt Instrument 26-May-23 Initial AA A1+ Stable -
22 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Chemical Debt Instrument 26-May-23 Maintain A Stable -
23 Attock Refinery Limited
Press Release | Report | History
Refineries Entity 26-May-23 Maintain AA A1+ Stable Yes
24 National Refinery Limited
Press Release | Report | History
Refineries Entity 26-May-23 Maintain AA+ A1+ Negative Yes
25 National Investment Trust Limited
Press Release | Report | History
Asset Managers Asset Manager 24-May-23 Maintain AM1 Stable -
26 Master Green Energy Limited
Press Release | Report | History
Power Entity 24-May-23 Maintain A A1 Stable -
27 Ziauddin University
Press Release | Report | History
Education Entity 23-May-23 Maintain BBB A2 Stable -
28 Mughal Iron & Steel Industries Limited | PPCP | PKR 2 bln | Apr-23
Press Release | Report | History
Steel Debt Instrument 22-May-23 Initial A+ A1 Stable -
29 Lucky Electric Power Company Limited | PPSTS-9 | PKR 7bln | Apr 23
Press Release | Report | History
Power Debt Instrument 22-May-23 Initial AA A1+ Stable -
30 Lucky Electric Power Company Limited | PPSTS-8 | PKR 5bln | Mar 23
Press Release | Report | History
Power Debt Instrument 22-May-23 Initial AA A1+ Stable -
31 Samba Bank Limited | PPTFC
Press Release | Report | History
Commercial Bank Debt Instrument 19-May-23 Maintain AA- Stable -
32 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 19-May-23 Maintain AA A1+ Stable -
33 WAPDA Dasu Sukuk-C
Press Release | Report | History
Power Debt Instrument 19-May-23 Initial AAA Stable -
34 Pakistan Mobile Communications Limited
Press Release | Report | History
Communication Entity 19-May-23 Maintain AA A1 Stable -
35 WAPDA Dasu TFC-C
Press Release | Report | History
Power Debt Instrument 19-May-23 Initial AAA Stable -
36 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 18-May-23 Maintain A A1 Stable -
37 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 17-May-23 Maintain BFR 3+ Stable -
38 Descon Oxychem Limited
Press Release | Report | History
Chemical Entity 17-May-23 Maintain A+ A1 Stable -
39 Crown Textile
Press Release | Report | History
Composite Entity 16-May-23 Maintain BBB- A2 Stable -
40 Entertainment Pakistan Limited
Press Release | Report | History
Real Estate Entity 16-May-23 Maintain BB A3 Stable -
41 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Composite Entity 15-May-23 Initial BBB- A2 Stable -
42 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Relief Entity 13-May-23 Upgrade A- A2 Stable -
43 TRAFCO Insurance Company Limited
Press Release | Report | History
General Insurance IFS 13-May-23 Maintain BBB+ (ifs) Stable -
44 KTRADE Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-May-23 Upgrade BFR 2 Stable -
45 Sitara Petroleum Service Limited
Press Release | Report | History
Oil Marketing Companies Entity 11-May-23 Maintain A- A2 Stable -
46 Amreli Steels Limited
Press Release | Report | History
Steel Entity 10-May-23 Maintain A- A2 Stable -
47 Abhi (Pvt.) Limited | PPSTS | PKR 2bln | TBI
Press Release | Report | History
Modaraba & NBFCs Debt Instrument 09-May-23 Preliminary AA A1+ Stable -
48 The Hub Power Company Limited | PPSTS | PKR 6bln | May-23
Press Release | Report | History
Power Debt Instrument 08-May-23 Preliminary AA+ A1+ Stable -
49 TPL Insurance Limited
Press Release | Report | History
General Insurance IFS 05-May-23 Maintain AA (ifs) Stable -
50 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-May-23 Maintain BBB A2 Stable -
51 Nishat Mills Limited
Press Release | Report | History
Composite Entity 02-May-23 Maintain AA A1+ Stable -
52 AL Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-May-23 Maintain BBB A2 Stable Yes
53 Infra Zamin Pakistan Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 02-May-23 Maintain AAA A1+ Stable -
54 Sefam (Pvt.) Limited
Press Release | Report | History
Composite Entity 02-May-23 Maintain A- A2 Stable -
55 Telenor Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain A A1 Stable Yes
56 Apna Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain BBB+ A3 Negative Yes
57 Mobilink Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain A A1 Stable -
58 Pakistan Synthetics Limited
Press Release | Report | History
Paper and Packaging Entity 28-Apr-23 Maintain A- A2 Stable -
59 Rustam Towel (Pvt.) Limited
Press Release | Report | History
Towel Entity 28-Apr-23 Maintain BBB A2 Stable -
60 Alfalah CLSA Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 28-Apr-23 Maintain BFR 2+ Stable -
61 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | TBI
Press Release | Report | History
Industrial Gases Debt Instrument 28-Apr-23 Preliminary A+ Stable -
62 AGAHE Pakistan
Press Release | Report | History
Microfinance Entity 28-Apr-23 Maintain BBB- A3 Stable -
63 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 28-Apr-23 Maintain A- A1 Stable -
64 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Steel Debt Instrument 28-Apr-23 Maintain A+ Stable -
65 TPL Properties Limited
Press Release | Report | History
Real Estate Entity 28-Apr-23 Maintain A+ A1 Stable -
66 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 27-Apr-23 Maintain A A1 Stable -
67 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Power Entity 27-Apr-23 Maintain A A1 Stable -
68 Union Microfinance Company Limited
Press Release | Report | History
Microfinance Entity 26-Apr-23 Initial BB+ A3 Stable -
69 New Horizon Computer
Press Release | Report | History
Technology Entity 20-Apr-23 Maintain BB+ A3 Stable -
70 National Foods Limited
Press Release | Report | History
Food Products Entity 20-Apr-23 Maintain AA- A1 Stable -
71 Flying Cement Company Limited
Press Release | Report | History
Cement Entity 20-Apr-23 Maintain A- A2 Stable Yes
72 Asif Rice Mills
Press Release | Report | History
Rice Entity 20-Apr-23 Maintain BBB+ A2 Stable -
73 The United Insurance Company of Pakistan Limited
Press Release | Report | History
General Insurance IFS 19-Apr-23 Maintain AA+ (ifs) Stable -
74 Faysal Financial Sector Opportunity Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA-(f) Stable -
75 Atlas Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA-(f) Stable -
76 Atlas Islamic Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA(f) Stable -
77 Faysal Savings Growth Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA-(f) Stable -
78 Atlas Sovereign Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA-(f) Stable -
79 Faysal MTS Fund (FMTSF)
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA-(f) Stable -
80 Atlas Liquid Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA+(f) Stable -
81 Faysal Halal Amdani Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA(f) Stable -
82 Faysal Income and Growth Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain A(f) Stable -
83 Faysal Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA(f) Stable -
84 Atlas Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA-(f) Stable -
85 Atlas Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Apr-23 Maintain AA+(f) Stable -
86 NBP Savings Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain A+(f) Stable -
87 NBP Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain A+(f) Stable -
88 786 Smart Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain AA-(f) Stable -
89 NBP Islamic Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain AA(f) Stable -
90 Pakistan Mortgage Refinance Company Limited | PP Sukuk
Press Release | Report | History
DFIs Debt Instrument 14-Apr-23 Maintain AAA Stable -
91 NBP Mahana Amdani Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain AA-(f) Stable -
92 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Construction Entity 14-Apr-23 Maintain BBB A2 Stable -
93 NBP Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain AA(f) Stable -
94 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain AA(f) Stable -
95 The Hub Power Company Limited | Sukuk
Press Release | Report | History
Power Debt Instrument 14-Apr-23 Maintain AA+ Stable -
96 NBP Riba Free Saving Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain A+(f) Stable -
97 NBP Income Opportunity Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain A+(f) Stable -
98 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 14-Apr-23 Maintain A+(f) Stable -
99 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Spinning Entity 14-Apr-23 Maintain A- A2 Stable -
100 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain AA-(f) Stable -
101 AWT Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain A+(f) Stable -
102 Alfalah GHP Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain AA+(f) Stable -
103 Oasis Park Residencia
Press Release | Report | History
Real Estate Project Grading 13-Apr-23 Maintain PG3+ Stable -
104 AWT Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain AA+(f) Stable -
105 Alfalah GHP Sovereign Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain AA-(f) Stable -
106 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain A+(f) Stable -
107 AWT Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 13-Apr-23 Maintain A+(f) Stable -
108 Shahzad Textile Mills Limited
Press Release | Report | History
Spinning Entity 11-Apr-23 Maintain A- A2 Stable Yes
109 Lucky Electric Power Company Limited
Press Release | Report | History
Power Entity 11-Apr-23 Maintain AA A1+ Stable -
110 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 10-Apr-23 Maintain A+ A1 Stable -
111 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 07-Apr-23 Maintain A- A2 Stable -
112 SGM Sugar Mills Limited
Press Release | Report | History
Sugar Entity 06-Apr-23 Maintain BBB A2 Stable -
113 Mehran Sugar Mills Limited
Press Release | Report | History
Sugar Entity 06-Apr-23 Maintain A- A2 Stable -
114 Popular Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain BBB+ A2 Stable -
115 JS Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 05-Apr-23 Maintain AA-(f) Stable -
116 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain A- A2 Stable -
117 First Capital Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 05-Apr-23 Maintain AM4++ Stable -
118 JS Cash Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 05-Apr-23 Maintain AA+(f) Stable -
119 JS Government Securities Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 05-Apr-23 Maintain AA(f) Stable -
120 Noon Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain BBB+ A2 Stable -
121 Jauharabad Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain BBB+ A2 Stable -
122 JS Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 05-Apr-23 Maintain AA(f) Stable -
123 JS Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 05-Apr-23 Maintain A+(f) Stable -
124 Lucky Tex Pakistan (Pvt.) Limited
Press Release | Report | History
Composite Entity 04-Apr-23 Maintain BBB A2 Stable -
125 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Power Entity 04-Apr-23 Maintain AA A1+ Stable -
126 Madiha International (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-23 Maintain BB A3 Stable -
127 Mount Fuji Textiles Limited
Press Release | Report | History
Composite Entity 03-Apr-23 Initial BBB A2 Stable -
128 International Business Management
Press Release | Report | History
Paper and Packaging Entity 03-Apr-23 Maintain BB+ A3 Stable -
129 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-23 Maintain BB A3 Stable -
130 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Oil Marketing Companies Entity 31-Mar-23 Maintain BBB A2 Stable -
131 Sargodha Jute Mills Limited
Press Release | Report | History
Jute Entity 30-Mar-23 Maintain A- A2 Stable -
132 Masood Fabrics Limited
Press Release | Report | History
Composite Entity 30-Mar-23 Maintain A- A2 Stable -
133 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 30-Mar-23 Maintain BBB A2 Stable -
134 Khawaja Tanneries (Pvt.) Limited
Press Release | Report | History
Entity 30-Mar-23 Upgrade BBB+ A2 Stable -
135 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Spinning Entity 29-Mar-23 Initial BBB- A2 Stable -
136 Alfalah GHP Cash Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 29-Mar-23 Maintain AA+(f) Stable -
137 Gharibwal Cement Limited
Press Release | Report | History
Cement Entity 29-Mar-23 Maintain A A2 Stable -
138 UBL Cash Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 29-Mar-23 Maintain AA+(f) Stable -
139 Sindh Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Mar-23 Maintain A- A2 Stable -
140 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 28-Mar-23 Maintain AA+(f) Stable -
141 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Microfinance Entity 28-Mar-23 Maintain BBB A3 Stable -
142 NBP Government Securities Savings Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 28-Mar-23 Maintain AA-(f) Stable -
143 NBP Financial Sector Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 28-Mar-23 Maintain A+(f) Stable -
144 NBP Government Securities Liquid Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 28-Mar-23 Maintain AAA(f) Stable -
145 JWS Pakistan
Press Release | Report | History
Microfinance Entity 28-Mar-23 Maintain BBB A3 Stable -
146 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 27-Mar-23 Maintain BB+ A3 Stable -
147 Fecto Cement Limited
Press Release | Report | History
Cement Entity 24-Mar-23 Maintain A- A2 Stable Yes
148 Kohinoor Energy Limited
Press Release | Report | History
Power Entity 24-Mar-23 Maintain AA A1+ Stable -
149 Alfalah GHP Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 22-Mar-23 Upgrade AA-(f) Stable -
150 NBP Islamic Savings Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 22-Mar-23 Maintain AA-(f) Stable -
151 Halmore Power Generation Company Limited
Press Release | Report | History
Power Entity 22-Mar-23 Maintain AA- A1 Stable -
152 Saif Power Limited
Press Release | Report | History
Power Entity 22-Mar-23 Maintain AA- A1 Stable -
153 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Entity 22-Mar-23 Upgrade BBB+ A2 Stable -
154 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-23 Maintain BBB- A2 Stable -
155 Warble (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-23 Maintain BBB- A2 Stable -
156 Lucky Electric Power Company Limited | PPSTS-7 | PKR 5bln | Feb23
Press Release | Report | History
Power Debt Instrument 20-Mar-23 Initial AA A1+ Stable -
157 AKD Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 20-Mar-23 Initial AA(f) Stable -
158 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Weaving Entity 20-Mar-23 Initial A A1 Stable -
159 AWT Financial Sector Income Fund
Press Release | Report | History
Asset Managers Stability Rating 20-Mar-23 Initial A+(f) Stable -
160 Escorts Investment Bank Limited
Press Release | Report | History
Modaraba & NBFCs Entity 20-Mar-23 Maintain A- A2 Developing Yes
161 Maksons Textile (Pvt.) Limited
Press Release | Report | History
Weaving Entity 18-Mar-23 Maintain BBB- A2 Stable -
162 Unicol Limited
Press Release | Report | History
Sugar Entity 17-Mar-23 Maintain A A1 Stable -
163 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Social Impact and Performance Rating 17-Mar-23 Initial SIP2 Stable -
164 Descon Engineering Limited
Press Release | Report | History
Construction Entity 17-Mar-23 Maintain AA- A1 Stable -
165 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Sugar Entity 16-Mar-23 Maintain BBB+ A2 Stable -
166 Reliance Petrochem Industries (Pvt.) Limited
Press Release | Report | History
Chemical Entity 16-Mar-23 Maintain BBB+ A2 Stable -
167 Pakistan Services Limited
Press Release | Report | History
Hotel & Retail Industry Entity 15-Mar-23 Downgrade A- A2 Negative Yes
168 Fauji Cement Company Limited
Press Release | Report | History
Cement Entity 15-Mar-23 Upgrade AA- A1 Stable -
169 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 15-Mar-23 Maintain A- A2 Stable -
170 Aba Ali Habib Securities (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 15-Mar-23 Maintain BMR2 Stable -
171 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Hotel & Retail Industry Debt Instrument 15-Mar-23 Downgrade A- Negative Yes
172 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 13-Mar-23 Initial BBB A2 Stable -
173 Pak Oman Asset Management
Press Release | Report | History
Asset Managers Asset Manager 10-Mar-23 Maintain AM3++ Positive -
174 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 09-Mar-23 Maintain BFR 3+ Stable -
175 Pakistan Income Enhancement Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain A+(f) Stable -
176 Lakson Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA+(f) Stable -
177 NIT Government Bond Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA(f) Stable -
178 MCB Cash Management Optimizer
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA+(f) Stable -
179 NIT Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA-(f) Stable -
180 NIT Money Market Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AAA(f) Stable -
181 Alhamra Daily Dividend Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA-(f) Stable -
182 Alhamra Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA-(f) Stable -
183 5th Pillar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 09-Mar-23 Initial A+ (ifs) Stable -
184 MCB Pakistan Sovereign Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA-(f) Stable -
185 Pakistan Cash Management Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA+(f) Stable -
186 MCB DCF Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA-(f) Stable -
187 NIT Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 09-Mar-23 Maintain AA-(f) Stable -
188 AKD Cash Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 08-Mar-23 Maintain AA+(f) Stable -
189 AKD Aggressive Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 08-Mar-23 Maintain A+(f) Stable -
190 Jubilee Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 07-Mar-23 Initial AA++ (ifs) Stable -
191 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Composite Entity 07-Mar-23 Upgrade AA- A1 Stable -
192 Lakson Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 06-Mar-23 Maintain A+(f) Stable Yes
193 AKD Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 06-Mar-23 Maintain AA-(f) Stable -
194 Lakson Islamic Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 06-Mar-23 Maintain AA(f) Stable -
195 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Composite Entity 04-Mar-23 Maintain A+ A1 Stable -
196 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Modaraba & NBFCs Debt Instrument 03-Mar-23 Maintain AA+ Stable -
197 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Spinning Entity 03-Mar-23 Maintain BBB A2 Stable Yes
198 Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 03-Mar-23 Maintain AM2+ Stable -
199 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Modaraba & NBFCs Entity 03-Mar-23 Maintain AA A1+ Stable -
200 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Media Entity 03-Mar-23 Maintain BBB+ A2 Stable -
201 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Modaraba & NBFCs Entity 03-Mar-23 Maintain AA+ A1+ Stable -
202 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Oil Marketing Companies Debt Instrument 03-Mar-23 Maintain AA- Stable -
203 Masood Spinning Mills Limited
Press Release | Report | History
Spinning Entity 03-Mar-23 Maintain A- A2 Stable -
204 D.G. Khan Cement Company Limited
Press Release | Report | History
Cement Entity 03-Mar-23 Maintain AA- A1+ Stable -
205 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Spinning Entity 03-Mar-23 Maintain BBB- A3 Stable Yes
206 Poly Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 02-Mar-23 Initial A- A2 Stable -
207 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-Mar-23 Maintain BBB A2 Stable -
208 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Mutual Funds | Performance Stability Rating 02-Mar-23 Maintain AA+(f) Stable -
209 Pakistan Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 02-Mar-23 Maintain AA-(f) Stable -
210 Adamjee Insurance Company Limited
Press Release | Report | History
General Insurance IFS 02-Mar-23 Maintain AA++ (ifs) Stable -
211 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Composite Entity 02-Mar-23 Upgrade A- A2 Stable -
212 AL Habib Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 02-Mar-23 Maintain AA(f) Stable -
213 Ismail Construction Company (Pvt.) Limited
Press Release | Report | History
Construction Entity 02-Mar-23 Maintain BBB- A2 Stable -
214 AL Habib Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 02-Mar-23 Maintain AA(f) Stable -
215 Liberty Wind Power 1 Limited
Press Release | Report | History
Power Entity 01-Mar-23 Upgrade A A2 Stable -
216 FINCA Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 01-Mar-23 Downgrade A- A2 Developing Yes
217 Liberty Wind Power 2 Limited
Press Release | Report | History
Power Entity 01-Mar-23 Upgrade A A2 Stable -
218 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Coal Mining and Trading Entity 24-Feb-23 Maintain A A2 Stable -
219 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 24-Feb-23 Maintain A- A2 Stable -
220 IGI General Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Feb-23 Maintain AA+ (ifs) Stable -
221 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 23-Feb-23 Initial AAA Stable -
222 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Composite Entity 23-Feb-23 Upgrade A A1 Stable -
223 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Spinning Entity 22-Feb-23 Maintain A- A2 Stable -
224 Sapphire Electric Company Limited
Press Release | Report | History
Power Entity 22-Feb-23 Maintain AA- A1+ Stable -
225 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 21-Feb-23 Initial A+ A1 Stable -
226 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Sugar Entity 20-Feb-23 Maintain BBB A2 Stable -
227 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Feb-23 Maintain BBB A2 Stable -
228 Maqbool Textile Mills Limited
Press Release | Report | History
Spinning Entity 18-Feb-23 Maintain BBB+ A2 Stable Yes
229 Nishat Paper Products Company Limited
Press Release | Report | History
Paper and Packaging Entity 17-Feb-23 Maintain A A1 Stable -
230 Askari High Yield Scheme
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Feb-23 Maintain A(f) Stable -
231 Gul Ahmed Electric Limited
Press Release | Report | History
Power Entity 17-Feb-23 Upgrade A A2 Stable -
232 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Feb-23 Maintain A+(f) Stable -
233 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Mutual Funds | Performance Stability Rating 17-Feb-23 Maintain A+(f) Stable -
234 Thar Energy Limited
Press Release | Report | History
Power Entity 16-Feb-23 Upgrade A A2 Stable -
235 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 16-Feb-23 Upgrade A A2 Stable -
236 Bank Alfalah Limited | TFCs | Series A
Press Release | Report | History
Commercial Bank Debt Instrument 16-Feb-23 Maintain AAA Stable -
237 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 14-Feb-23 Initial AA- Stable -
238 Askari General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 14-Feb-23 Maintain AA+ (ifs) Stable -
239 AKD Opportunity Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 13-Feb-23 Improved 5-Star 3-Star Stable -
240 AKD Islamic Stock Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 13-Feb-23 Same 4-Star 2-Star -
241 Golden Arrow Stock Fund (Formerly: Golden Arrow Selected Stocks Fund)
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 13-Feb-23 Improved 5-Star 4-Star -
242 NBP Balanced Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 4-Star 4-Star -
243 BMA Investment Advisors Limited (Formerly BMA Asset Management Company Limited)
Press Release | Report | History
Asset Managers Investment Advisor Rating 10-Feb-23 Upgrade AM2 (ia) Stable -
244 Faysal Asset Allocation Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Improved 5-Star 2-Star -
245 Faysal Stock Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 4-Star 2-Star -
246 NBP Islamic Active Allocation Equity Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 5-Star 3-Star -
247 EGAS (Pvt.) Limited
Press Release | Report | History
Distribution | Gas Entity 10-Feb-23 Maintain BBB A2 Stable -
248 First Capital Mutual Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Improved 2-Star 3-Star -
249 NBP Islamic Stock Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 3-Star 3-Star -
250 Punjab Oil Mills Limited
Press Release | Report | History
Edible Oil Entity 10-Feb-23 Maintain BBB+ A2 Stable -
251 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 10-Feb-23 Maintain A- A2 Stable -
252 NBP Stock Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 3-Star 3-Star -
253 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Edible Oil Entity 10-Feb-23 Maintain BBB- A3 Positive -
254 NBP Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 3-Star 3-Star -
255 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Same 3-Star 2-Star -
256 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds | Performance Performance Ranking 10-Feb-23 Improved 5-Star 5-Star -
257 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Edible Oil Entity 09-Feb-23 Upgrade BBB+ A2 Stable -
258 Pak Qatar General Takaful Limited
Press Release | Report | History
General Insurance IFS 08-Feb-23 Maintain A+ (ifs) Stable -
259 Ibrahim Fibres Limited
Press Release | Report | History
Polyester Entity 08-Feb-23 Maintain AA A1+ Stable -
260 Denim-E (Pvt.) Limited
Press Release | Report | History
Composite Entity 07-Feb-23 Maintain BBB- A2 Stable -
261 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 02-Feb-23 Maintain BBB- A3 Stable -
262 Lucky Electric Power Company Limited | PPSTS-6 | PKR 4bln | Dec-22
Press Release | Report | History
Power Debt Instrument 02-Feb-23 Initial AA A1+ Stable -
263 K-Electric | PPSTS-12 | PKR 5bln | Dec-22
Press Release | Report | History
Power Debt Instrument 02-Feb-23 Initial AA A1+ Stable -
264 China Power Hub Generation Company (Pvt.) Limited | PPSTS-2 | PKR 5bln | Dec-22
Press Release | Report | History
Power Debt Instrument 02-Feb-23 Initial AA+ A1+ Stable -
265 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Microfinance Debt Instrument 02-Feb-23 Initial A- - Stable -
266 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 01-Feb-23 Initial A+ Stable -
267 Salaam Takaful Limited (Formerly: Takaful Pakistan Limited)
Press Release | Report | History
General Insurance IFS 01-Feb-23 Maintain A++ (ifs) Stable -
268 Zahir Khan & Brothers
Press Release | Report | History
Construction Entity 31-Jan-23 Maintain A A2 Stable -
269 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Construction Entity 31-Jan-23 Maintain BBB A2 Stable -
270 Sui Southern Gas Company Limited
Press Release | Report | History
Distribution | Gas Entity 31-Jan-23 Upgrade A+ A1 Stable Yes
271 Jasons Commodities
Press Release | Report | History
Rice Entity 31-Jan-23 Maintain BBB- A2 Stable -
272 Sindh Insurance Limited
Press Release | Report | History
General Insurance IFS 31-Jan-23 Maintain A++ (ifs) Stable -
273 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 31-Jan-23 Maintain A- A2 Stable Yes
274 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Microfinance Debt Instrument 30-Jan-23 Downgrade BB Developing Yes
275 Al Barka Fabrics (Pvt.) Limited
Press Release | Report | History
Composite Entity 27-Jan-23 Maintain BBB+ A2 Stable -
276 Crescent Star Insurance Limited
Press Release | Report | History
General Insurance IFS 27-Jan-23 Maintain A (ifs) Stable Yes
277 Loads Limited | ICP-1 | Dec-22
Press Release | Report | History
Automotive Parts Debt Instrument 27-Jan-23 Initial A A1 Stable -
278 KAM International
Press Release | Report | History
Composite Entity 27-Jan-23 Maintain A- A2 Stable -
279 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Composite Entity 27-Jan-23 Maintain BBB- A2 Stable -
280 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-23 Maintain A- A1 Stable -
281 Kohat Cement Company Limited
Press Release | Report | History
Cement Entity 26-Jan-23 Maintain A A1 Positive -
282 Nishat Mills Limited | PPSTS
Press Release | Report | History
Composite Debt Instrument 26-Jan-23 Initial AA A1+ Stable -
283 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 5bln | TBI
Press Release | Report | History
Steel Debt Instrument 25-Jan-23 Preliminary AA- - Stable -
284 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Composite Entity 23-Jan-23 Initial BBB A2 Stable -
285 Oursun Pakistan Limited
Press Release | Report | History
Power Entity 23-Jan-23 Maintain A A1 Stable -
286 Usman Steels (Pvt.) Limited
Press Release | Report | History
Shipping Entity 20-Jan-23 Maintain BBB A2 Stable -
287 Fatima Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 20-Jan-23 Upgrade AA+ A1+ Stable -
288 H. Sheikh Noor-ud-Din & Sons (Private) Limited
Press Release | Report | History
Relief Entity 18-Jan-23 Maintain BBB A2 Stable -
289 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 18-Jan-23 Maintain BBB A2 Stable -
290 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Jan-23 Upgrade BBB A2 Stable -
291 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Power Entity 18-Jan-23 Upgrade A- A2 Stable -
292 BRB Properties Builders and Developers
Press Release | Report | History
Real Estate Entity 17-Jan-23 Maintain BB+ A3 Stable -
293 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 17-Jan-23 Initial BBB A2 Stable -
294 Loads Limited
Press Release | Report | History
Automotive Parts Entity 16-Jan-23 Maintain A A1 Negative Yes
295 Spud Energy Pty Limited (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 13-Jan-23 Maintain A A1 Stable -
296 Ahmed Hassan Spinning Limited
Press Release | Report | History
Spinning Entity 11-Jan-23 Maintain BBB A2 Negative Yes
297 Foundation Power Company Daharki Limited
Press Release | Report | History
Power Entity 06-Jan-23 Maintain AA- A1+ Stable -
298 ISE Towers REIT Management Company Limited
Press Release | Report | History
Modaraba & NBFCs Entity 06-Jan-23 Maintain A A1 Stable -
299 Multi Resin Industries
Press Release | Report | History
Chemical Entity 03-Jan-23 Maintain BBB- A2 Stable -
300 JS Rental REIT
Press Release | Report | History
Real Estate Rental REIT Fund 03-Jan-23 Initial A+(rr) Stable -
301 Sayban International
Press Release | Report | History
Pesticides Entity 31-Dec-22 Upgrade BBB- A2 Stable -
302 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Composite Entity 31-Dec-22 Maintain A- A2 Stable -
303 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 30-Dec-22 Maintain BBB A2 Stable -
304 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 30-Dec-22 Maintain AA- A1 Stable -
305 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Furniture & Fixtures Entity 30-Dec-22 Maintain A- A2 Stable -
306 AL Habib Islamic Cash Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 30-Dec-22 Initial AA+(f) Stable -
307 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Weaving Entity 30-Dec-22 Initial BBB+ A2 Stable -
308 AL Habib Islamic Savings Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 30-Dec-22 Initial AA(f) Stable -
309 Alhamra Wada Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 30-Dec-22 Initial AA(f) Stable -
310 Reliance Insurance Company Limited
Press Release | Report | History
General Insurance IFS 30-Dec-22 Initial A+ (ifs) Stable -
311 Novapack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 30-Dec-22 Initial BBB- A3 Stable -
312 Pak Oman Daily Dividend Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 30-Dec-22 Maintain AA(f) Stable -
313 MCB Pakistan Fixed Return Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 30-Dec-22 Initial AA+(f) Stable -
314 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Power Entity 30-Dec-22 Maintain AA+ A1+ Stable -
315 HBL Microfinance Bank (The First MicroFinanceBank Limited)
Press Release | Report | History
Microfinance Entity 28-Dec-22 Maintain A+ A1 Stable -
316 Cherat Cement Company Limited
Press Release | Report | History
Cement Entity 28-Dec-22 Maintain A+ A1 Stable -
317 Al Rahim Textile Industries Limited
Press Release | Report | History
Towel Entity 28-Dec-22 Upgrade A A1 Stable -
318 Pak Elektron Limited | PP Sukuk
Press Release | Report | History
Household Appliances Debt Instrument 28-Dec-22 Maintain A+ A1 Stable -
319 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Steel Entity 28-Dec-22 Upgrade BB+ A3 Stable -
320 JS Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Dec-22 Upgrade AM2+ Stable -
321 EFG Hermes Pakistan Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Dec-22 Maintain BMR2+ Stable -
322 Reliance Weaving Mills Limited
Press Release | Report | History
Composite Entity 23-Dec-22 Maintain A A2 Stable -
323 EFG Hermes Pakistan Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Dec-22 Maintain BFR 2+ Stable -
324 TOTAL PARCO Pakistan Limited
Press Release | Report | History
Oil Marketing Companies Entity 23-Dec-22 Initial AAA A1+ Stable -
325 Siddiqsons Tinplate Limited
Press Release | Report | History
Paper and Packaging Entity 23-Dec-22 Maintain A- A2 Stable -
326 786 Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Dec-22 Maintain AM3 Stable -
327 EFG Hermes Pakistan Limited
Press Release | Report | History
Brokerage & Securities Entity 23-Dec-22 Maintain A- A1 Stable -
328 Tariq Glass Industries Limited
Press Release | Report | History
Entity 23-Dec-22 Maintain A+ A1 Stable -
329 Atlas Asset Management Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Dec-22 Maintain AM2+ Stable -
330 TPL REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 23-Dec-22 Maintain RM 3+ Stable -
331 Cherat Packaging Limited
Press Release | Report | History
Paper and Packaging Entity 23-Dec-22 Maintain A A1 Positive -
332 Pakistan National Shipping Corporation
Press Release | Report | History
Shipping Entity 23-Dec-22 Maintain AA A1+ Stable -
333 TPL REIT Fund I
Press Release | Report | History
Real Estate REIT Fund Rating 23-Dec-22 Initial RFR 3+ Stable -
334 TPL Trakker Limited
Press Release | Report | History
Tracking Services Entity 23-Dec-22 Maintain A- A2 Stable -
335 United Ethanol Industries Limited
Press Release | Report | History
Sugar Entity 22-Dec-22 Maintain A- A2 Stable -
336 EXIDE Pakistan Limited
Press Release | Report | History
Entity 22-Dec-22 Maintain BBB A2 Stable -
337 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-22 Maintain A- A2 Stable -
338 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Microfinance Debt Instrument 21-Dec-22 Maintain A- - Negative Yes
339 Swat Agro Chemicals
Press Release | Report | History
Pesticides Entity 21-Dec-22 Initial BBB- A2 Stable -
340 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-22 Maintain A- A2 Stable -
341 U Microfinance Bank Limited | TFC | Dec-22
Press Release | Report | History
Microfinance Debt Instrument 20-Dec-22 Preliminary AA- Stable -
342 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 16-Dec-22 Maintain AA A1+ Stable -
343 Arif Habib Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 16-Dec-22 Maintain BMR1 Stable -
344 WAPDA | PPTFC | May-17
Press Release | Report | History
Power Debt Instrument 16-Dec-22 Maintain AAA Stable -
345 WAPDA | Sukuk | May-17
Press Release | Report | History
Power Debt Instrument 16-Dec-22 Maintain AAA Stable -
346 Arif Habib Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 16-Dec-22 Maintain BFR 1 Stable -
347 MACPAC Films Limited
Press Release | Report | History
Paper and Packaging Entity 16-Dec-22 Maintain BBB A2 Stable -
348 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Construction Entity 15-Dec-22 Upgrade A- A2 Stable -
349 JS Global Capital Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Dec-22 Maintain BFR 1 Stable -
350 UBL Special Savings Plan – II under UBL Special Savings Fund (USSP-II)
Press Release | Report | History
Mutual Funds | Performance Capital Preservation Rating 14-Dec-22 Initial CP2+ Stable -
351 NRSP Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 14-Dec-22 Downgrade A- A2 Negative Yes
352 UBL Special Savings Plan – V under UBL Special Savings Fund (USSP-V)
Press Release | Report | History
Mutual Funds | Performance Capital Preservation Rating 14-Dec-22 Initial CP2+ Stable -
353 UBL Special Savings Plan – III under UBL Special Savings Fund (USSP-III)
Press Release | Report | History
Mutual Funds | Performance Capital Preservation Rating 14-Dec-22 Initial CP2+ Stable -
354 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-22 Maintain AA- A1 Stable -
355 UBL Special Savings Plan – IV under UBL Special Savings Fund (USSP-IV)
Press Release | Report | History
Mutual Funds | Performance Capital Preservation Rating 14-Dec-22 Initial CP2+ Stable -
356 Sapphire Retail Limited
Press Release | Report | History
Composite Entity 14-Dec-22 Maintain A- A2 Stable -
357 UBL Special Savings Plan – VI under UBL Special Savings Fund (USSP-VI)
Press Release | Report | History
Mutual Funds | Performance Capital Preservation Rating 14-Dec-22 Initial CP2+ Stable -
358 JS Global Capital Limited
Press Release | Report | History
Brokerage & Securities Entity 14-Dec-22 Maintain AA A1+ Stable -
359 JS Global Capital Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 14-Dec-22 Maintain BMR1 Stable -
360 Rural Community Development Programmes
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-22 Initial SIP3++ Stable -
361 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-22 Initial SIP3 Stable -
362 JS Microfinance Sector Fund
Press Release | Report | History
Mutual Funds | Performance Stability Rating 12-Dec-22 Maintain A(f) Stable -
363 Ismail Industries Limited
Press Release | Report | History
Food Products Entity 09-Dec-22 Upgrade A+ A1 Stable -
364 Be Be Jan Pakistan Limited
Press Release | Report | History
Composite Entity 09-Dec-22 Initial BBB A2 Stable -
365 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 09-Dec-22 Maintain BBB+ A2 Stable -
366 Pak Arab Refinery Limited
Press Release | Report | History
Refineries Entity 09-Dec-22 Maintain AAA A1+ Stable -
367 Habib Insurance Company Limited
Press Release | Report | History
General Insurance IFS 09-Dec-22 Maintain A++ (ifs) Stable -
368 KSB Pumps Company Limited
Press Release | Report | History
Machinery Entity 08-Dec-22 Maintain A+ A1 Stable Yes
369 Kingcrete Builders
Press Release | Report | History
Construction Entity 02-Dec-22 Maintain BBB A2 Stable -
370 Mughal Energy Limited
Press Release | Report | History
Power Entity 01-Dec-22 Initial A A2 Stable -
371 Spectrum Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 30-Nov-22 Maintain BMR3+ Stable -
372 Spectrum Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 30-Nov-22 Maintain BFR 3 Stable -
373 Abhi (Pvt.) Limited
Press Release | Report | History
Modaraba & NBFCs Entity 28-Nov-22 Initial A- A2 Stable -
374 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Chemical Entity 25-Nov-22 Initial BBB+ A2 Stable -
375 East West Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Nov-22 Maintain AA (ifs) Stable -
376 Sapphire Finishing Mills Limited
Press Release | Report | History
Composite Entity 25-Nov-22 Maintain A A1 Stable -
377 Stylers International Limited
Press Release | Report | History
Composite Entity 24-Nov-22 Initial A A1 Stable -
378 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Paper and Packaging Entity 24-Nov-22 Initial A+ A1 Stable -
379 HUM Network Limited
Press Release | Report | History
Media Entity 24-Nov-22 Maintain A+ A1 Stable -
380 DIC Pakistan Limited
Press Release | Report | History
Chemical Entity 23-Nov-22 Initial AA- A1 Stable -
381 Sapphire Fibres Limited
Press Release | Report | History
Composite Entity 23-Nov-22 Maintain A+ A1 Stable -
382 Ghani Global Glass Limited
Press Release | Report | History
Entity 23-Nov-22 Maintain BBB+ A2 Positive -
383 Popular Aseptic Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Nov-22 Initial BBB A2 Stable -
384 Amanah Investments Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Nov-22 Maintain BMR3 Stable -
385 Inbox Business Technologies Limited
Press Release | Report | History
Technology Entity 23-Nov-22 Upgrade A- A2 Stable -
386 WAPDA Dasu Sukuk-B
Press Release | Report | History
Power Debt Instrument 23-Nov-22 Maintain AAA Stable -
387 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Steel Entity 22-Nov-22 Initial BBB- A2 Stable -
388 Airlink Communication
Press Release | Report | History
Mobile Phone and Allied Products Entity 22-Nov-22 Maintain A A1 Stable -
389 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-22 Maintain A- A2 Positive -
390 Chanar Energy Limited
Press Release | Report | History
Power Entity 22-Nov-22 Maintain BBB- A3 Stable Yes
391 KTRADE Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 22-Nov-22 Maintain A- A2 Stable -
392 Ahmed Fine Weaving Limited
Press Release | Report | History
Weaving Entity 18-Nov-22 Maintain A- A2 Stable -
393 WAPDA Dasu TFC-B
Press Release | Report | History
Power Debt Instrument 18-Nov-22 Maintain AAA Stable -
394 Glamour Textile Mills Limited
Press Release | Report | History
Spinning Entity 16-Nov-22 Initial BBB- A2 Stable -
395 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 10-Nov-22 Upgrade A+ A1 Stable -
396 Liberty Power Tech Limited
Press Release | Report | History
Power Entity 10-Nov-22 Upgrade AA- A1 Stable -
397 Jubilee General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 03-Nov-22 Maintain AA++ (ifs) Stable -
398 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Steel Entity 02-Nov-22 Upgrade BBB- A3 Developing -
399 Zahidjee Textile Mills Limited
Press Release | Report | History
Composite Entity 02-Nov-22 Upgrade A A1 Stable -
400 Orient Rental Modaraba
Press Release | Report | History
Modaraba & NBFCs Entity 31-Oct-22 Maintain A- A2 Stable -
401 Islamabad Farms
Press Release | Report | History
Poultry Entity 29-Oct-22 Maintain BBB- A3 Stable -
402 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 28-Oct-22 Maintain BFR 3++ Stable -
403 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 28-Oct-22 Maintain BMR2 Stable -
404 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 28-Oct-22 Maintain BMR2 Stable -
405 AGP Limited
Press Release | Report | History
Pharmaceutical Entity 26-Oct-22 Maintain A+ A1 Stable -
406 ABL Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 26-Oct-22 Upgrade AM1 Stable -
407 Pharmagen Limited
Press Release | Report | History
Pharmaceutical Entity 25-Oct-22 Maintain A- A2 Stable -
408 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 22-Oct-22 Maintain BBB- A2 Positive -
409 Postal Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 21-Oct-22 Initial A+ (ifs) Stable -
410 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Steel Entity 21-Oct-22 Maintain A+ A1 Stable -
411 Ghandhara Industries Limited
Press Release | Report | History
Trucks & Buses Entity 21-Oct-22 Maintain A+ A1 Stable -
412 Ghandhara Nissan Limited
Press Release | Report | History
Trucks & Buses Entity 21-Oct-22 Maintain A A1 Stable -
413 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 20-Oct-22 Maintain A A1 Stable -
414 Secure Logistics Group Limited
Press Release | Report | History
Trucks & Buses Entity 15-Oct-22 Maintain A A2 Stable -
415 Engro Eximp Agriproducts (Pvt.) Limited
Press Release | Report | History
Rice Entity 14-Oct-22 Maintain A- A2 Stable -
416 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Rice Entity 14-Oct-22 Maintain BBB A2 Stable -
417 Awami Agro Commodities
Press Release | Report | History
Rice Entity 13-Oct-22 Upgrade BBB A2 Stable -
418 Din Energy Limited
Press Release | Report | History
Power Entity 13-Oct-22 Upgrade A A2 Stable -
419 Hassan Ali Rice Export Company
Press Release | Report | History
Rice Entity 13-Oct-22 Upgrade BBB+ A2 Stable -
420 Habib Construction Services Limited
Press Release | Report | History
Construction Entity 12-Oct-22 Upgrade BBB+ A2 Stable -
421 A.J. Textile Mills Limited
Press Release | Report | History
Spinning Entity 12-Oct-22 Maintain A- A2 Stable -
422 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Rice Entity 10-Oct-22 Initial BBB+ A2 Stable -
423 MCB-Arif Habib Savings and Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 06-Oct-22 Maintain AM1 Stable -
424 Bank of Khyber
Press Release | Report | History
Commercial Bank Entity 04-Oct-22 Upgrade A+ A1 Stable -
425 LalPir Power Limited
Press Release | Report | History
Power Entity 30-Sep-22 Maintain AA A1 Stable -
426 PakGen Power Limited
Press Release | Report | History
Power Entity 30-Sep-22 Maintain AA A1 Stable -
427 Master Wind Energy Limited
Press Release | Report | History
Power Entity 30-Sep-22 Maintain A+ A1 Stable -
428 Thardeep Microfinance Foundation
Press Release | Report | History
Microfinance Entity 30-Sep-22 Maintain BBB A3 Stable Yes
429 Ravi Automobile (Pvt.) Limited
Press Release | Report | History
Automotive Parts Entity 29-Sep-22 Maintain BBB A2 Stable -
430 My Petroleum (Pvt.) Limited
Press Release | Report | History
Oil Marketing Companies Entity 27-Sep-22 Initial BBB+ A2 Stable -
431 Nishat Power Limited
Press Release | Report | History
Power Entity 24-Sep-22 Maintain AA- A1 Stable -
432 Kashf Foundation | PPTFC
Press Release | Report | History
Microfinance Debt Instrument 24-Sep-22 Maintain A Stable -
433 Service Industries Limited
Press Release | Report | History
Tyres Entity 24-Sep-22 Maintain AA- A1 Stable -
434 Kashf Foundation
Press Release | Report | History
Microfinance Entity 24-Sep-22 Maintain A- A2 Stable -
435 First Habib Modaraba
Press Release | Report | History
Modaraba & NBFCs Entity 23-Sep-22 Maintain AA+ A1+ Stable -
436 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 23-Sep-22 Maintain AA- A1 Stable -
437 Nagina Cotton Mills Limited
Press Release | Report | History
Spinning Entity 23-Sep-22 Maintain A- A2 Stable -
438 Prosperity Weaving Mills Limited
Press Release | Report | History
Weaving Entity 23-Sep-22 Maintain A- A2 Stable -
439 Ellcot Spinning Mills Limited
Press Release | Report | History
Spinning Entity 23-Sep-22 Maintain A- A2 Stable -
440 Global Marketing Services
Press Release | Report | History
Pharmaceutical Entity 23-Sep-22 Maintain BBB A2 Stable -
441 Atlas Power Limited
Press Release | Report | History
Power Entity 22-Sep-22 Maintain AA- A1+ Stable -
442 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 20-Sep-22 Initial BMR2+ Stable -
443 Trust Securities & Brokerage Limited
Press Release | Report | History
Brokerage & Securities Entity 20-Sep-22 Initial A- A2 Stable -
444 Dawood Equities Limited
Press Release | Report | History
Brokerage & Securities Entity 20-Sep-22 Maintain A- A2 Stable -
445 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 20-Sep-22 Initial BFR 2 Stable -
446 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Chemical Entity 20-Sep-22 Initial A- A2 Stable -
447 First Punjab Modaraba
Press Release | Report | History
Modaraba & NBFCs Entity 20-Sep-22 Maintain A- A2 Stable -
448 OILCO Petroleum (Pvt.) Limited
Press Release | Report | History
Oil Marketing Companies Entity 19-Sep-22 Maintain A- A2 Stable -
449 U Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 16-Sep-22 Upgrade A+ A1 Stable -
450 Berger Paints Pakistan Limited
Press Release | Report | History
Chemical Entity 16-Sep-22 Maintain A- A2 Stable -
451 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 16-Sep-22 Maintain BBB A2 Stable -
452 Tapal Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 13-Sep-22 Initial A- A2 Developing -
453 Bestway Cement Limited
Press Release | Report | History
Cement Entity 09-Sep-22 Maintain AA- A1+ Stable -
454 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Sugar Entity 09-Sep-22 Initial A- A2 Stable -
455 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Power Entity 09-Sep-22 Maintain A A1 Stable -
456 Din Textile Mills Limited
Press Release | Report | History
Composite Entity 08-Sep-22 Maintain A- A2 Stable -
457 Fazal Cloth Mills Limited
Press Release | Report | History
Composite Entity 07-Sep-22 Upgrade A A1 Stable -
458 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 05-Sep-22 Initial AA- A1 Stable -
459 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 02-Sep-22 Maintain A A1 Stable -
460 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Commercial Bank Debt Instrument 02-Sep-22 Initial AA- Stable -
461 Martin Dow Limited
Press Release | Report | History
Pharmaceutical Entity 02-Sep-22 Initial A+ A1 Stable -
462 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 02-Sep-22 Initial A A1 Stable -
463 Golden Packages (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Aug-22 Initial BBB A2 Stable -
464 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Power Debt Instrument 27-Aug-22 Upgrade AA- Stable -
465 IGI Finex Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 26-Aug-22 Maintain BFR 2+ Stable -
466 Premier Insurance Limited
Press Release | Report | History
General Insurance IFS 26-Aug-22 Maintain A+ (ifs) Negative -
467 Ismail Iqbal Securities (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 26-Aug-22 Maintain BMR3 Stable -
468 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 26-Aug-22 Maintain A- A2 Stable -
469 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Oil Marketing Companies Entity 26-Aug-22 Initial A- A2 Stable -
470 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Construction Entity 26-Aug-22 Upgrade A- A2 Stable -
471 Atlas Insurance Limited
Press Release | Report | History
General Insurance IFS 26-Aug-22 Maintain AA+ (ifs) Stable -
472 The Hub Power Company Limited | PP Sukuk
Press Release | Report | History
Power Debt Instrument 26-Aug-22 Maintain AA+ Stable -
473 Lakson Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 26-Aug-22 Maintain AM2+ Stable -
474 Asia Insurance Company Limited
Press Release | Report | History
General Insurance IFS 26-Aug-22 Maintain A++ (ifs) Stable -
475 IGI Finex Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 26-Aug-22 Maintain BMR2+ Stable -
476 Be Energy Limited
Press Release | Report | History
Oil Marketing Companies Entity 26-Aug-22 Maintain A+ A1 Stable -
477 Shaheen Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-22 Maintain A+ (ifs) Positive -
478 Cnergyico Pk Limited ( Formerly: Byco Petroleum Pakistan Limited )
Press Release | Report | History
Refineries Entity 25-Aug-22 Maintain A- A2 Stable Yes
479 Maaksons Engineering Corporation Limited
Press Release | Report | History
Construction Entity 24-Aug-22 Maintain BBB+ A2 Stable -
480 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 23-Aug-22 Upgrade BBB- A2 Stable -
481 Tufail Chemical Industries Limited
Press Release | Report | History
Chemical Entity 23-Aug-22 Maintain A- A2 Stable -
482 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Coal Mining and Trading Entity 19-Aug-22 Maintain BBB+ A2 Positive -
483 Packages Convertors Limited
Press Release | Report | History
Paper and Packaging Entity 18-Aug-22 Initial AA- A1 Stable -
484 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Microfinance Debt Instrument 18-Aug-22 Maintain AA- Stable -
485 National Transmission & Despatch Company Limited
Press Release | Report | History
Distribution | Electricity Entity 13-Aug-22 Maintain AA+ A1+ Stable -
486 AL Habib Asset Management Limited (Formerly: Habib Asset Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 12-Aug-22 Upgrade AM2+ Stable -
487 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Industrial Gases Debt Instrument 11-Aug-22 Maintain A Stable -
488 EcoPack Limited
Press Release | Report | History
Paper and Packaging Entity 10-Aug-22 Initial BBB A2 Stable -
489 Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited)
Press Release | Report | History
Tyres Entity 10-Aug-22 Maintain A+ A1 Stable -
490 Mekotex (Pvt.) Limited
Press Release | Report | History
Composite Entity 05-Aug-22 Maintain A- A2 Stable -
491 Jahangir Siddiqui & Co. Ltd. | TFC X | Jul-17
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-22 Maintain AA+ Stable -
492 Pak Suzuki Motor Company Limited
Press Release | Report | History
Passenger Cars Entity 05-Aug-22 Maintain AA- A1 Stable -
493 Jahangir Siddiqui & Co. Ltd. | TFC XI | Mar-18
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-22 Maintain AA+ Stable -
494 AWT Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 05-Aug-22 Maintain AM3++ Positive -
495 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Technology Entity 02-Aug-22 Initial A- A2 Stable -
496 Fauji Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 30-Jul-22 Maintain AA+ A1+ Stable -
497 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 29-Jul-22 Maintain AA A1+ Stable -
498 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Composite Entity 29-Jul-22 Maintain A A2 Stable -
499 Engro Fertilizers Limited
Press Release | Report | History
Fertilizer Entity 29-Jul-22 Maintain AA A1+ Stable -
500 Honda Centre (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 29-Jul-22 Maintain BBB A2 Stable -
501 The Universal Insurance Company Limited
Press Release | Report | History
General Insurance IFS 28-Jul-22 Maintain A (ifs) Stable -
502 Pakistan Oxygen Limited
Press Release | Report | History
Industrial Gases Entity 26-Jul-22 Maintain A A1 Stable -
503 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 22-Jul-22 Initial AA+ A1+ Stable -
504 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Towel Entity 20-Jul-22 Maintain BBB A2 Positive -
505 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Jul-22 Maintain BMR2+ Stable -
506 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Jul-22 Maintain BFR 2+ Stable -
507 State Life Insurance Corporation of Pakistan
Press Release | Report | History
Life Insurance IFS 19-Jul-22 Maintain AAA (ifs) Stable -
508 Sindh Engro Coal Mining Company
Press Release | Report | History
Coal Mining and Trading Entity 19-Jul-22 Maintain AA A1+ Stable -
509 Nimir Resins Limited
Press Release | Report | History
Chemical Entity 16-Jul-22 Maintain A- A2 Stable -
510 Engro Polymer & Chemicals Limited
Press Release | Report | History
Chemical Entity 16-Jul-22 Upgrade AA A1+ Stable -
511 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Chemical Entity 16-Jul-22 Maintain A+ A1 Stable -
512 BankIslami Pakistan Limited | Modaraba Sukuk | Additional Tier 1 | TBI
Press Release | Report | History
Commercial Bank Debt Instrument 15-Jul-22 Preliminary A- Positive -
513 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Steel Entity 15-Jul-22 Maintain BBB A2 Stable -
514 Diamond Fabrics Limited
Press Release | Report | History
Composite Entity 15-Jul-22 Initial A- A2 Stable -
515 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-22 Initial AA- Stable -
516 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-22 Initial AA- Stable -
517 Steelex (Pvt.) Limited
Press Release | Report | History
Steel Entity 14-Jul-22 Initial BBB- A2 Stable -
518 Liberty Mills Limited
Press Release | Report | History
Composite Entity 09-Jul-22 Maintain A+ A1 Stable -
519 Askari Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 07-Jul-22 Maintain A (ifs) Stable -
520 Pak Elektron Limited
Press Release | Report | History
Household Appliances Entity 06-Jul-22 Maintain A+ A1 Stable -
521 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Distribution | Gas Entity 04-Jul-22 Maintain AA- A1 Stable -
522 Kohat Textile Mills Limited
Press Release | Report | History
Spinning Entity 30-Jun-22 Maintain A- A2 Stable -
523 AKD Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 30-Jun-22 Maintain AM3++ Positive -
524 Saif Textile Mills Limited
Press Release | Report | History
Spinning Entity 30-Jun-22 Maintain A- A2 Stable -
525 GuarantCo Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 30-Jun-22 Maintain AAA A1+ Stable -
526 JS Investments Limited | RMR
Press Release | Report | History
Real Estate REIT Manager Rating 30-Jun-22 Initial RM 3 Stable -
527 Tata Textile Mills Limited
Press Release | Report | History
Spinning Entity 30-Jun-22 Upgrade A A1 Stable -
528 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Jun-22 Initial BBB A2 Stable -
529 Yunus Textile Mills Limited
Press Release | Report | History
Composite Entity 30-Jun-22 Initial AA- A1+ Stable -
530 Cordoba Logistics & Ventures Limited
Press Release | Report | History
Trucks & Buses Entity 30-Jun-22 Initial BBB- A2 Stable -
531 Pak-Qatar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 30-Jun-22 Maintain A++ (ifs) Stable -
532 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Commercial Bank Debt Instrument 29-Jun-22 Initial AA- Stable -
533 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Commercial Bank Debt Instrument 29-Jun-22 Maintain AA+ Stable -
534 Adamjee Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 29-Jun-22 Maintain A++ (ifs) Stable -
535 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 29-Jun-22 Maintain AAA A1+ Stable -
536 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Bank Debt Instrument 29-Jun-22 Maintain AAA Stable -
537 Dawood Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 29-Jun-22 Maintain A+ (ifs) Stable -
538 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Commercial Bank Debt Instrument 29-Jun-22 Initial AA+ Stable -
539 Suzuki Islamabad Motors
Press Release | Report | History
Passenger Cars Entity 29-Jun-22 Initial BBB- A3 Stable -
540 IGI Life Insurance Company
Press Release | Report | History
Life Insurance IFS 29-Jun-22 Maintain A++ (ifs) Stable -
541 K-Electric Limited
Press Release | Report | History
Distribution | Electricity Entity 29-Jun-22 Maintain AA A1+ Stable -
542 TPL Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 29-Jun-22 Maintain A (ifs) Stable -
543 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Commercial Bank Debt Instrument 29-Jun-22 Maintain AAA Stable -
544 First Women Bank Limited
Press Release | Report | History
Commercial Bank Entity 28-Jun-22 Maintain A- A2 Developing Yes
545 Mahmood Textile Mills Limited
Press Release | Report | History
Composite Entity 25-Jun-22 Maintain A- A2 Stable -
546 Pak-Libya Holding Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 25-Jun-22 Maintain AA- A1+ Positive -
547 Roomi Fabrics Limited
Press Release | Report | History
Composite Entity 25-Jun-22 Maintain A- A2 Stable -
548 Faysal Bank Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AA A1+ Stable -
549 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 25-Jun-22 Maintain AA+ A1+ Stable -
550 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AAA A1+ Stable -
551 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Commercial Bank Debt Instrument 25-Jun-22 Maintain A Stable -
552 Soneri Bank Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AA- A1+ Stable -
553 Askari Bank Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AA+ A1+ Stable -
554 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 25-Jun-22 Maintain AA A1+ Stable -
555 BankIslami Pakistan Limited | Modaraba Sukuk
Press Release | Report | History
Commercial Bank Debt Instrument 25-Jun-22 Maintain A- Positive -
556 PAIR Investment Company Limited
Press Release | Report | History
DFIs Entity 25-Jun-22 Maintain AA A1+ Stable -
557 National Bank of Pakistan
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AAA A1+ Stable -
558 Habib Metropolitan Bank Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AA+ A1+ Stable -
559 Bank AL Habib Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AAA A1+ Stable -
560 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
DFIs Entity 25-Jun-22 Maintain AA A1+ Stable Yes
561 Bank Alfalah Limited
Press Release | Report | History
Commercial Bank Entity 25-Jun-22 Maintain AA+ A1+ Stable -
562 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 24-Jun-22 Maintain BMR2 Stable -
563 JS Bank Limited | TFC II
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain A+ Stable -
564 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain A Stable -
565 Nishat Hotels and Properties Ltd
Press Release | Report | History
Hotel & Retail Industry Entity 24-Jun-22 Maintain A- A2 Stable -
566 BankIslami Pakistan Limited
Press Release | Report | History
Commercial Bank Entity 24-Jun-22 Maintain A+ A1 Positive -
567 Cedar Capital (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 24-Jun-22 Maintain BFR 3 Stable -
568 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain AA Stable -
569 Siddiqsons Limited
Press Release | Report | History
Composite Entity 24-Jun-22 Maintain A- A1 Stable -
570 The Bank of Punjab | TFC I | Dec-16
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain AA Stable -
571 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 24-Jun-22 Maintain BFR 2 Stable -
572 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain AA Stable -
573 E-Vision Manufacturing Limited
Press Release | Report | History
Polyester Entity 24-Jun-22 Maintain BBB A2 Positive -
574 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain A+ Stable -
575 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 24-Jun-22 Initial BB A3 Stable -
576 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-22 Maintain AA- Stable -
577 MCB Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-22 Maintain AAA A1+ Stable -
578 Allied Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-22 Maintain AAA A1+ Stable -
579 JS Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-22 Maintain AA- A1+ Stable -
580 Al Meezan Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Jun-22 Maintain AM1 Stable -
581 ACT Wind (Pvt.) Limited
Press Release | Report | History
Power Entity 23-Jun-22 Upgrade A+ A1 Stable -
582 MCB Islamic Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-22 Maintain A A1 Stable -
583 NBP Fund Management Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Jun-22 Maintain AM1 Stable -
584 Narowal Energy Limited
Press Release | Report | History
Power Entity 22-Jun-22 Maintain AA- A1+ Stable -
585 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Rice Entity 22-Jun-22 Initial A- A2 Stable -
586 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Commercial Bank Debt Instrument 21-Jun-22 Preliminary AA Stable -
587 The Hub Power Company Limited
Press Release | Report | History
Power Entity 21-Jun-22 Maintain AA+ A1+ Stable -
588 Olympia Chemicals Limited
Press Release | Report | History
Chemical Entity 20-Jun-22 Maintain A- A1 Stable -
589 The Bank of Punjab
Press Release | Report | History
Commercial Bank Entity 18-Jun-22 Maintain AA+ A1+ Stable -
590 Alfalah Insurance Company Limited
Press Release | Report | History
General Insurance IFS 17-Jun-22 Maintain AA+ (ifs) Stable -
591 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Oil Marketing Companies Entity 17-Jun-22 Maintain BBB+ A2 Stable -
592 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Oil Marketing Companies Entity 17-Jun-22 Maintain BBB+ A2 Stable -
593 Packages Limited
Press Release | Report | History
Holding Company Entity 16-Jun-22 Maintain AA A1+ Stable -
594 Ghani Chemical Industries Limited
Press Release | Report | History
Industrial Gases Entity 14-Jun-22 Maintain A A1 Stable -
595 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Jun-22 Initial BFR 3 Stable -
596 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 13-Jun-22 Initial BFR 3 Stable -
597 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Power Entity 10-Jun-22 Initial AA- A1 Stable -
598 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food Products Entity 09-Jun-22 Maintain A- A2 Stable -
599 Pakistan Refinery Limited
Press Release | Report | History
Refineries Entity 09-Jun-22 Maintain A- A2 Stable Yes