Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 10-Oct-24 Maintain BBB+ Stable -
2 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 10-Oct-24 Maintain BBB Stable -
3 A.J. Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Oct-24 Maintain A- Stable -
4 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24
Press Release | Report | History
Pharma and Chemicals Debt Instrument 03-Oct-24 Maintain A+ Stable -
5 Amreli Steels Limited
Press Release | Report | History
Infrastructure Entity 01-Oct-24 Downgrade BB Negative Yes
6 My Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain BBB+ Stable -
7 PakGen Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain AA Stable -
8 LalPir Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain AA Stable -
9 Gul Ahmed Wind Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain A+ Stable -
10 Parwaaz Financial Services Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 26-Sep-24 Initial A+ Stable -
11 WAPDA Dasu Sukuk-E
Press Release | Report | History
Energy Debt Instrument 26-Sep-24 Initial AAA Stable -
12 WAPDA Dasu TFC-E
Press Release | Report | History
Energy Debt Instrument 26-Sep-24 Initial AAA Stable -
13 Master Wind Energy Limited
Press Release | Report | History
Energy Entity 26-Sep-24 Maintain A+ Stable -
14 Thardeep Microfinance Foundation
Press Release | Report | History
Banks Entity 25-Sep-24 Downgrade BB Stable -
15 Prosperity Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
16 First Habib Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-24 Maintain AA+ Stable -
17 Nishat Power Limited
Press Release | Report | History
Energy Entity 20-Sep-24 Maintain AA- Stable -
18 First Punjab Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-24 Maintain A- Stable -
19 Nagina Cotton Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
20 Ellcot Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
21 Atlas Power Limited
Press Release | Report | History
Energy Entity 20-Sep-24 Maintain AA- Stable -
22 Lucky Electric Power Company Limited - PPSTS-20 - PKR 5bln - Aug24
Press Release | Report | History
Energy Debt Instrument 20-Sep-24 Initial AA Stable -
23 Service Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Sep-24 Upgrade AA Stable -
24 Trust Securities & Brokerage Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-24 Maintain A- Stable -
25 Dawood Equities Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-24 Maintain A- Stable -
26 Escorts Investment Bank Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 19-Sep-24 Maintain BBB+ Negative -
27 Global Marketing Services
Press Release | Report | History
Pharma and Chemicals Entity 19-Sep-24 Upgrade BBB+ Stable -
28 Airlink Communication Limited - PPSTS-III - PKR 4.0bln - TBI
Press Release | Report | History
Distributors Debt Instrument 19-Sep-24 Preliminary A+ Stable -
29 K-Electric Limited - PPSTS-29 - PKR 6.0bln - TBI
Press Release | Report | History
Energy Debt Instrument 18-Sep-24 Preliminary AA Stable -
30 Masood Textile Mills Limited - PP Sukuk - PKR 3bln - TBI
Press Release | Report | History
Textile & Allied Debt Instrument 16-Sep-24 Preliminary A+ Stable -
31 U Microfinance Bank Limited
Press Release | Report | History
Banks Entity 14-Sep-24 Maintain A+ Stable -
32 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
33 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
34 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 13-Sep-24 Maintain BBB Stable -
35 Berger Paints Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
36 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 13-Sep-24 Upgrade AA Stable -
37 K-Electric Limited | PPSTS-28 | PKR 7.0bln | Aug-24
Press Release | Report | History
Energy Debt Instrument 10-Sep-24 Initial AA Stable -
38 Fazal Cloth Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Sep-24 Maintain A Stable -
39 Din Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Sep-24 Maintain A- Stable -
40 Bestway Cement Limited
Press Release | Report | History
Infrastructure Entity 06-Sep-24 Maintain AA- Stable -
41 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 06-Sep-24 Maintain A- Stable -
42 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 05-Sep-24 Maintain AA- Stable -
43 Airlink Communication Limited | PPSTS-II | PKR 3.12bln | July-24
Press Release | Report | History
Distributors Debt Instrument 03-Sep-24 Initial A+ Stable -
44 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 30-Aug-24 Maintain AA- Stable -
45 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Aug-24 Upgrade A+ Stable -
46 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 30-Aug-24 Maintain AA+ Stable -
47 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Aug-24 Upgrade A+ Stable -
48 Martin Dow Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Aug-24 Maintain A Stable -
49 Golden Packages (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Aug-24 Maintain BBB Stable -
50 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Energy Entity 28-Aug-24 Maintain A- Stable -
51 Multan Electric Power Company Limited
Press Release | Report | History
Energy Entity 23-Aug-24 Initial A- Positive -
52 Be Energy Limited
Press Release | Report | History
Energy Entity 23-Aug-24 Maintain A+ Stable -
53 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Aug-24 Maintain BBB- Stable -
54 Maaksons Engineering Corporation Limited
Press Release | Report | History
Infrastructure Entity 23-Aug-24 Maintain BBB+ Stable -
55 TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23
Press Release | Report | History
Infrastructure Debt Instrument 19-Aug-24 Maintain A+ Stable -
56 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Aug-24 Maintain A- Stable -
57 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 19-Aug-24 Maintain A- Stable -
58 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Banks Debt Instrument 16-Aug-24 Maintain AA- Stable -
59 Packages Convertors Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Aug-24 Maintain AA- Stable -
60 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Aug-24 Maintain A+ Stable -
61 Ismail Industries Limited - PPSTS - PKR 5bln - Aug-24
Press Release | Report | History
Food and Allied Debt Instrument 13-Aug-24 Preliminary A+ Stable -
62 Ismail Industries Limited | PPSTS | PKR 6bln | June 24
Press Release | Report | History
Food and Allied Debt Instrument 13-Aug-24 Initial A+ Stable -
63 Tufail Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Aug-24 Maintain A- Stable Yes
64 EcoPack Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Aug-24 Maintain BBB Stable Yes
65 National Transmission & Despatch Company Limited
Press Release | Report | History
Energy Entity 09-Aug-24 Maintain AA+ Stable -
66 Lucky Electric Power Company Limited | PPSTS-19 | PKR 6bln | Jun-24
Press Release | Report | History
Energy Debt Instrument 09-Aug-24 Initial AA Stable -
67 Sapphire Dairies (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Aug-24 Initial A- Stable -
68 Saigal Packages Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 07-Aug-24 Initial BBB- Stable -
69 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Infrastructure Debt Instrument 06-Aug-24 Maintain AA- Stable -
70 Mekotex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-Aug-24 Maintain A- Stable -
71 Pak Suzuki Motor Company Limited
Press Release | Report | History
Auto and Allied Entity 02-Aug-24 Maintain AA- Stable -
72 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 02-Aug-24 Maintain A- Stable -
73 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 01-Aug-24 Maintain A- Stable -
74 Ghandhara Tyre & Rubber Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-24 Maintain A+ Stable Yes
75 Jazaa Global (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-Jul-24 Initial BBB- Stable -
76 Fauji Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 26-Jul-24 Maintain AA+ Stable -
77 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 26-Jul-24 Maintain AA Stable -
78 Engro Fertilizers Limited
Press Release | Report | History
Agriculture & Allied Entity 26-Jul-24 Maintain AA Stable -
79 Apna Microfinance Bank Limited
Press Release | Report | History
Banks Entity 26-Jul-24 Maintain BBB- Negative Yes
80 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Jul-24 Maintain A Stable -
81 Pakistan Oxygen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Jul-24 Maintain A Stable -
82 Fatima Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Jul-24 Maintain AA+ Stable -
83 Mughal Energy Limited | PP Sukuk | PKR 2.5bln | TBI
Press Release | Report | History
Energy Debt Instrument 19-Jul-24 Preliminary A+ Stable -
84 Medipak Limited
Press Release | Report | History
Pharma and Chemicals Entity 19-Jul-24 Maintain BBB+ Stable -
85 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 19-Jul-24 Upgrade BBB+ Stable -
86 Sindh Engro Coal Mining Company
Press Release | Report | History
Energy Entity 19-Jul-24 Maintain AA Stable -
87 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Jul-24 Maintain AA+ Stable -
88 National Rural Support Programme
Press Release | Report | History
Banks Entity 15-Jul-24 Maintain A- Stable -
89 Steelex (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 12-Jul-24 Upgrade BBB Stable -
90 Diamond Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 12-Jul-24 Maintain A- Stable -
91 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jul-24 Maintain AA- Stable Yes
92 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jul-24 Maintain AA- Stable -
93 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-Jul-24 Maintain A- Stable -
94 Nimir Resins Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain A- Stable -
95 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain A+ Stable -
96 Engro Polymer & Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain AA Stable -
97 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 05-Jul-24 Maintain A- Stable -
98 Liberty Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Jul-24 Maintain A+ Stable -
99 Pak Elektron Limited
Press Release | Report | History
Consumers Goods & Services Entity 04-Jul-24 Maintain A+ Stable -
100 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Energy Entity 04-Jul-24 Maintain AA- Stable -
101 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 03-Jul-24 Maintain BBB Stable -
102 The Bank of Punjab | Tier 2 Capital TFC | PKR 7.5695bln | Jun-24
Press Release | Report | History
Banks Debt Instrument 29-Jun-24 Initial AA Stable -
103 The Bank of Punjab
Press Release | Report | History
Banks Entity 28-Jun-24 Maintain AA+ Stable -
104 JS Bank Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AA Stable -
105 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade A+ Stable -
106 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA- Stable -
107 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA- Stable -
108 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A Stable -
109 Bank Alfalah Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AAA Stable -
110 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
111 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
112 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A+ Stable -
113 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
114 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
115 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
116 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
117 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA+ Stable -
118 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA+ Stable -
119 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AAA Stable -
120 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA+ Stable -
121 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AAA Stable -
122 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A Stable -
123 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA+ Stable -
124 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A Stable -
125 Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | Apr-24
Press Release | Report | History
Energy Debt Instrument 28-Jun-24 Initial AA Stable -
126 Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | Mar-24
Press Release | Report | History
Energy Debt Instrument 28-Jun-24 Initial AA Stable -
127 Pakistan Services Limited
Press Release | Report | History
Consumers Goods & Services Entity 28-Jun-24 Maintain BB Negative Yes
128 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 28-Jun-24 Maintain BB Negative Yes
129 Rural Community Development Programmes
Press Release | Report | History
Banks Entity 27-Jun-24 Initial BBB Stable -
130 GuarantCo Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Jun-24 Maintain AAA Stable -
131 Saif Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-24 Maintain A- Stable Yes
132 Bank of Khyber
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A+ Stable -
133 First Women Bank Limited
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A- Developing Yes
134 Tata Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-24 Maintain A Stable Yes
135 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 27-Jun-24 Maintain BBB Stable -
136 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 27-Jun-24 Upgrade A Stable -
137 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Jun-24 Upgrade AA- Stable -
138 Yunus Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-24 Maintain AA- Stable -
139 Samba Bank Limited
Press Release | Report | History
Banks Entity 26-Jun-24 Maintain AA Stable Yes
140 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 26-Jun-24 Maintain AAA Stable -
141 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Jun-24 Maintain AA Stable -
142 Kohat Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-24 Maintain A- Stable -
143 Askari Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
144 Pak Libya Holding Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 24-Jun-24 Maintain AA- Positive -
145 BankIslami Pakistan Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA- Stable -
146 Habib Metropolitan Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
147 Faysal Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA Stable -
148 Allied Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AAA Stable -
149 MCB Islamic Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Upgrade A+ Stable -
150 National Bank of Pakistan
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
151 MCB Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
152 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
153 Soneri Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AA- Stable -
154 Bank AL Habib Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
155 Siddiqsons Limited
Press Release | Report | History
Textile & Allied Entity 22-Jun-24 Maintain A- Stable -
156 Mahmood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 21-Jun-24 Maintain A- Stable -
157 Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | Apr-24
Press Release | Report | History
Energy Debt Instrument 21-Jun-24 Initial AA- Stable -
158 Roomi Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 21-Jun-24 Maintain A- Stable -
159 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Banks Debt Instrument 21-Jun-24 Maintain AAA Stable -
160 PAIR Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable -
161 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Jun-24 Maintain A- Stable -
162 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable Yes
163 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 21-Jun-24 Maintain AA Stable -
164 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 21-Jun-24 Maintain AA+ Stable -
165 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | Aug-22
Press Release | Report | History
Engineering and Technology Debt Instrument 21-Jun-24 Maintain AA Stable -
166 Narowal Energy Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain AA- Stable -
167 The Hub Power Company Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain AA+ Stable -
168 ACT Wind (Pvt.) Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain A+ Stable -
169 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Upgrade A- Stable -
170 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain BBB+ Stable -
171 WAPDA Dasu TFC-D
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
172 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
173 WAPDA Dasu Sukuk-D
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
174 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
175 Packages Limited
Press Release | Report | History
Holding Company Entity 14-Jun-24 Maintain AA+ Stable -
176 The Hub Power Company Limited | PPSTS | PKR 6bln | May-24
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Initial AA+ Stable -
177 K-Electric Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain AA Stable Yes
178 VMS Trading Company
Press Release | Report | History
Agriculture & Allied Entity 14-Jun-24 Maintain BBB Stable -
179 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 14-Jun-24 Maintain BB Stable -
180 E-Vision Manufacturing Limited
Press Release | Report | History
Textile & Allied Entity 14-Jun-24 Maintain BBB Stable -
181 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain A Stable Yes
182 Ghani Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Jun-24 Maintain A Stable -
183 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jun-24 Maintain BBB- Positive -
184 Masood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 12-Jun-24 Initial A Stable -
185 Pakistan Refinery Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Upgrade A Stable -
186 Pioneer Cement Limited
Press Release | Report | History
Infrastructure Entity 07-Jun-24 Maintain A Stable -
187 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Maintain AA- Stable -
188 Nishat Hotels and Properties Ltd
Press Release | Report | History
Consumers Goods & Services Entity 07-Jun-24 Upgrade A Stable -
189 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 05-Jun-24 Initial A Stable -
190 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 03-Jun-24 Maintain A Stable -
191 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Logistics Entity 01-Jun-24 Maintain AAA Stable -
192 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 31-May-24 Initial BBB+ Stable -
193 Martin Dow Marker Limited
Press Release | Report | History
Pharma and Chemicals Entity 31-May-24 Maintain A+ Stable -
194 Gas & Oil Pakistan Limited
Press Release | Report | History
Energy Entity 31-May-24 Maintain A+ Developing Yes
195 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 31-May-24 Maintain AA+ Stable -
196 ThalNova Power Thar (Pvt.) Limited | PPSTS | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 31-May-24 Preliminary AA- Stable -
197 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-May-24 Maintain A- Stable Yes
198 Panther Tyres Limited
Press Release | Report | History
Auto and Allied Entity 29-May-24 Maintain A Stable -
199 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | Apr-24
Press Release | Report | History
Communication Debt Instrument 29-May-24 Initial AA Stable -
200 Olympia Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 27-May-24 Upgrade A Stable -
201 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 27-May-24 Maintain A- Stable Yes
202 Master Green Energy Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain A Stable -
203 Attock Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain AA Stable -
204 National Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Downgrade AA Stable Yes
205 Pak Elektron Limited | PPSTS | PKR 2bln | March-24
Press Release | Report | History
Consumers Goods & Services Debt Instrument 24-May-24 Initial A+ Stable -
206 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 24-May-24 Maintain A Stable -
207 Ziauddin University
Press Release | Report | History
Consumers Goods & Services Entity 23-May-24 Maintain BBB Stable -
208 Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | Apr-24
Press Release | Report | History
Infrastructure Debt Instrument 23-May-24 Initial A+ Stable -
209 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 21-May-24 Maintain A+ Stable -
210 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain A Stable -
211 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
212 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
213 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
214 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
215 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain AA Stable -
216 Pakistan Mobile Communications Limited
Press Release | Report | History
Communication Entity 17-May-24 Maintain AA Stable -
217 Descon Oxychem Limited
Press Release | Report | History
Pharma and Chemicals Entity 17-May-24 Maintain A+ Stable -
218 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 16-May-24 Maintain AA- Stable -
219 Entertainment Pakistan Limited
Press Release | Report | History
Infrastructure Entity 16-May-24 Maintain BB Stable -
220 NRSP Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-May-24 Maintain A- Stable Yes
221 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 15-May-24 Maintain A- Stable Yes
222 Crown Textile
Press Release | Report | History
Textile & Allied Entity 14-May-24 Maintain BBB- Stable -
223 Secure Logistics Group Limited
Press Release | Report | History
Auto and Allied Entity 14-May-24 Upgrade A+ Stable -
224 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-May-24 Maintain A- Stable -
225 Sitara Petroleum Service Limited
Press Release | Report | History
Energy Entity 10-May-24 Maintain A- Stable -
226 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 10-May-24 Maintain BBB- Positive -
227 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Banks Debt Instrument 03-May-24 Initial A Stable -
228 Nishat Mills Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain AA Stable -
229 Infra Zamin Pakistan Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 02-May-24 Maintain AAA Stable -
230 Sefam (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain A- Stable Yes
231 AL Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain BBB Stable Yes
232 Mobilink Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable -
233 K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar-24
Press Release | Report | History
Energy Debt Instrument 30-Apr-24 Initial AA Stable -
234 Telenor Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable Yes
235 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Banks Entity 29-Apr-24 Maintain BBB+ Positive -
236 AGAHE Pakistan
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BBB- Positive -
237 TPL Properties Limited
Press Release | Report | History
Infrastructure Entity 26-Apr-24 Maintain A+ Stable -
238 Union Microfinance Company Limited
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BB+ Stable Yes
239 Pakistan Synthetics Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Apr-24 Maintain A- Stable -
240 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Apr-24 Maintain BBB Stable -
241 Alfalah Securities (Pvt.) Limited (Formerly: Alfalah CLSA Securities (Pvt.) Limited)
Press Release | Report | History
Capital Markets Entity 23-Apr-24 Maintain A- Stable Yes
242 New Horizon Computer
Press Release | Report | History
Engineering and Technology Entity 20-Apr-24 Maintain BB+ Stable -
243 Asif Rice Mills
Press Release | Report | History
Agriculture & Allied Entity 19-Apr-24 Maintain BBB+ Stable -
244 National Foods Limited
Press Release | Report | History
Food and Allied Entity 19-Apr-24 Maintain AA- Stable -
245 Flying Cement Company Limited
Press Release | Report | History
Infrastructure Entity 19-Apr-24 Maintain A- Stable Yes
246 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 15-Apr-24 Maintain A+ Stable -
247 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 09-Apr-24 Maintain A+ Stable -
248 Lucky Electric Power Company Limited
Press Release | Report | History
Energy Entity 08-Apr-24 Maintain AA Stable -
249 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable -
250 Shahzad Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable Yes
251 Noon Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
252 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
253 Mehran Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
254 Jauharabad Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
255 SGM Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB Stable -
256 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 05-Apr-24 Maintain A- Stable -
257 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
258 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
259 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-24 Maintain AA Stable -
260 International Business Management
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB+ Stable -
261 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
262 Madiha International (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
263 Mount Fuji Textiles Limited
Press Release | Report | History
Textile & Allied Entity 30-Mar-24 Maintain BBB Positive -
264 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Mar-24 Maintain BBB Stable -
265 Masood Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
266 Sindh Microfinance Bank Limited
Press Release | Report | History
Banks Entity 29-Mar-24 Maintain A- Stable -
267 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain BBB- Stable -
268 Sargodha Jute Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
269 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Mar-24 Maintain BBB Stable -
270 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
271 JWS Pakistan
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
272 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 27-Mar-24 Maintain BB+ Stable -
273 Gharibwal Cement Limited
Press Release | Report | History
Infrastructure Entity 25-Mar-24 Maintain A Stable -
274 Kohinoor Energy Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA Stable -
275 Fecto Cement Limited
Press Release | Report | History
Infrastructure Entity 22-Mar-24 Maintain A- Stable Yes
276 Halmore Power Generation Company Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA- Stable -
277 Warble (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
278 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
279 Saif Power Limited
Press Release | Report | History
Energy Entity 21-Mar-24 Maintain AA- Stable -
280 KTM Leather (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 21-Mar-24 Maintain BBB+ Stable Yes
281 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Mar-24 Maintain A Stable -
282 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Banks Entity 19-Mar-24 Initial BBB+ Stable -
283 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Engineering and Technology Entity 18-Mar-24 Upgrade A- Stable -
284 Descon Engineering Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
285 Unicol Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain A Stable -
286 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain BBB+ Stable -
287 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 15-Mar-24 Maintain A- Stable -
288 Fauji Cement Company Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
289 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 13-Mar-24 Upgrade BBB+ Stable -
290 ARY Communications Limited
Press Release | Report | History
Communication Entity 12-Mar-24 Initial A Stable -
291 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Mar-24 Maintain AA- Stable -
292 Newage Cables (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Mar-24 Initial A- Stable -
293 D.G. Khan Cement Company Limited
Press Release | Report | History
Infrastructure Entity 01-Mar-24 Maintain AA- Stable -
294 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB- Stable Yes
295 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable Yes
296 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable -
297 Masood Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain A- Stable -
298 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA+ Stable -
299 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA Stable -
300 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Communication Entity 01-Mar-24 Maintain BBB+ Stable -
301 Poly Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 01-Mar-24 Maintain A- Stable -
302 Kashf Foundation
Press Release | Report | History
Banks Entity 23-Feb-24 Upgrade A Stable -
303 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Feb-24 Maintain A+ Stable -
304 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 23-Feb-24 Maintain A- Stable -
305 Select Technologies (Pvt.) Limited
Press Release | Report | History
Distributors Entity 23-Feb-24 Initial A Stable -
306 Airlink Communication
Press Release | Report | History
Distributors Entity 23-Feb-24 Upgrade A+ Stable -
307 FINCA Microfinance Bank Limited
Press Release | Report | History
Banks Entity 23-Feb-24 Downgrade BBB+ Negative Yes
308 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Feb-24 Maintain A- Stable -
309 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 21-Feb-24 Maintain A+ Stable -
310 Liberty Wind Power 1 Limited
Press Release | Report | History
Energy Entity 20-Feb-24 Maintain A Stable -
311 Liberty Wind Power 2 Limited
Press Release | Report | History
Energy Entity 20-Feb-24 Maintain A Stable -
312 Sapphire Electric Company Limited
Press Release | Report | History
Energy Entity 19-Feb-24 Maintain AA- Stable -
313 Maqbool Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain BBB+ Stable Yes
314 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain A- Stable -
315 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain A Stable -
316 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Feb-24 Maintain BBB Positive -
317 Gul Ahmed Electric Limited
Press Release | Report | History
Energy Entity 16-Feb-24 Maintain A Stable -
318 Nishat Paper Products Company Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Feb-24 Maintain A Stable -
319 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Feb-24 Maintain BBB Stable -
320 Ibrahim Fibres Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-24 Maintain AA Stable -
321 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB+ Stable -
322 Punjab Oil Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB+ Stable -
323 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain A- Stable -
324 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB- Positive -
325 Denim-E (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-24 Maintain BBB- Stable -
326 Jasons Commodities
Press Release | Report | History
Agriculture & Allied Entity 31-Jan-24 Upgrade BBB Stable -
327 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Jan-24 Maintain A- Negative Yes
328 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain BBB- Stable -
329 KAM International
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain A- Stable -
330 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-24 Maintain A- Stable -
331 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Jan-24 Maintain BBB Positive -
332 Zahir Khan & Brothers
Press Release | Report | History
Infrastructure Entity 23-Jan-24 Maintain A Stable -
333 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Jan-24 Maintain BBB Stable -
334 Oursun Pakistan Limited
Press Release | Report | History
Energy Entity 22-Jan-24 Maintain A Stable -
335 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Jan-24 Upgrade BBB Stable -
336 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 18-Jan-24 Maintain BBB Stable -
337 BRB Properties Builders and Developers
Press Release | Report | History
Infrastructure Entity 17-Jan-24 Maintain BB+ Stable -
338 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 17-Jan-24 Maintain BBB Stable -
339 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Energy Entity 16-Jan-24 Maintain A- Stable -
340 Loads Limited
Press Release | Report | History
Auto and Allied Entity 16-Jan-24 Maintain A Negative Yes
341 University of Management and Technology
Press Release | Report | History
Consumers Goods & Services Entity 15-Jan-24 Initial A- Stable -
342 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jan-24 Initial AA Stable -
343 Kohat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 12-Jan-24 Upgrade A+ Stable -
344 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 10-Jan-24 Maintain BBB Stable -
345 Foundation Power Company Daharki Limited
Press Release | Report | History
Energy Entity 05-Jan-24 Maintain AA- Stable -
346 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 05-Jan-24 Maintain A Stable -
347 Multi Resin Industries
Press Release | Report | History
Pharma and Chemicals Entity 03-Jan-24 Maintain BBB- Stable -
348 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Dec-23 Upgrade AA Stable -
349 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Dec-23 Maintain A- Stable -
350 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 29-Dec-23 Initial AA- Stable -
351 Service Global Footwear Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Initial A+ Stable -
352 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Dec-23 Maintain BBB+ Stable -
353 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Dec-23 Maintain AA+ Stable -
354 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Maintain A- Stable -
355 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 29-Dec-23 Maintain BBB Stable -
356 HBL Microfinance Bank Limited
Press Release | Report | History
Banks Entity 28-Dec-23 Maintain A+ Stable -
357 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Consumers Goods & Services Entity 28-Dec-23 Initial A- Stable -
358 Al Rahim Textile Industries Limited
Press Release | Report | History
Textile & Allied Entity 28-Dec-23 Maintain A Stable -
359 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 28-Dec-23 Maintain BB+ Stable -
360 Cherat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 28-Dec-23 Maintain A+ Stable -
361 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-23 Initial BBB+ Stable -
362 Reliance Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Dec-23 Maintain A Stable -
363 TOTAL PARCO Pakistan Limited
Press Release | Report | History
Energy Entity 22-Dec-23 Maintain AAA Stable -
364 Sayban International
Press Release | Report | History
Agriculture & Allied Entity 22-Dec-23 Maintain BBB- Stable -
365 Tariq Glass Industries Limited
Press Release | Report | History
Infrastructure Entity 22-Dec-23 Maintain A+ Stable -
366 United Ethanol Industries Limited
Press Release | Report | History
Agriculture & Allied Entity 22-Dec-23 Maintain A- Stable -
367 Pakistan National Shipping Corporation
Press Release | Report | History
Logistics Entity 22-Dec-23 Maintain AA Stable -
368 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 22-Dec-23 Initial BBB+ Stable -
369 Siddiqsons Tinplate Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Dec-23 Maintain A- Stable Yes
370 Cherat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Dec-23 Maintain A Positive -
371 Swat Agro Chemicals
Press Release | Report | History
Agriculture & Allied Entity 21-Dec-23 Maintain BBB- Stable -
372 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Energy Entity 21-Dec-23 Maintain A- Stable -
373 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Energy Entity 21-Dec-23 Maintain A- Stable -
374 TPL Trakker Limited
Press Release | Report | History
Logistics Entity 21-Dec-23 Maintain A- Stable -
375 EFG Hermes Pakistan Limited
Press Release | Report | History
Capital Markets Entity 21-Dec-23 Maintain A- Developing Yes
376 EXIDE Pakistan Limited
Press Release | Report | History
Auto and Allied Entity 21-Dec-23 Maintain BBB Positive -
377 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 15-Dec-23 Maintain AA Stable -
378 MACPAC Films Limited
Press Release | Report | History
Consumers Goods & Services Entity 15-Dec-23 Upgrade BBB+ Stable -
379 Sui Southern Gas Company Limited
Press Release | Report | History
Energy Entity 15-Dec-23 Maintain A+ Stable Yes
380 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 14-Dec-23 Maintain A- Stable -
381 Sapphire Retail Limited
Press Release | Report | History
Textile & Allied Entity 14-Dec-23 Maintain A- Stable -
382 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-23 Maintain AA- Stable -
383 JS Global Capital Limited
Press Release | Report | History
Capital Markets Entity 14-Dec-23 Maintain AA Stable -
384 Pak Arab Refinery Limited
Press Release | Report | History
Energy Entity 08-Dec-23 Maintain AAA Stable -
385 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 08-Dec-23 Upgrade A- Stable -
386 Ismail Industries Limited
Press Release | Report | History
Food and Allied Entity 08-Dec-23 Maintain A+ Stable -
387 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Dec-23 Initial A Stable -
388 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 01-Dec-23 Initial A Stable -
389 Mughal Energy Limited
Press Release | Report | History
Energy Entity 01-Dec-23 Maintain A Stable -
390 KSB Pumps Company Limited
Press Release | Report | History
Engineering and Technology Entity 29-Nov-23 Maintain A+ Stable Yes
391 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 28-Nov-23 Initial A- Stable -
392 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 28-Nov-23 Initial A- Stable -
393 HUM Network Limited
Press Release | Report | History
Communication Entity 24-Nov-23 Maintain A+ Stable -
394 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 24-Nov-23 Maintain BBB+ Positive -
395 Sapphire Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 23-Nov-23 Maintain A Stable -
396 Be Be Jan Pakistan Limited
Press Release | Report | History
Textile & Allied Entity 23-Nov-23 Maintain BBB Stable -
397 DIC Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Nov-23 Maintain AA- Stable -
398 Ghani Global Glass Limited
Press Release | Report | History
Infrastructure Entity 23-Nov-23 Maintain BBB+ Positive -
399 Inbox Business Technologies Limited
Press Release | Report | History
Engineering and Technology Entity 23-Nov-23 Maintain A- Stable -
400 KTRADE Securities Limited
Press Release | Report | History
Capital Markets Entity 22-Nov-23 Maintain A- Stable -
401 Chanar Energy Limited
Press Release | Report | History
Energy Entity 22-Nov-23 Maintain BBB- Stable Yes
402 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-23 Maintain A- Positive -
403 Prism Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Nov-23 Initial A+ Stable -
404 Ahmed Fine Weaving Limited
Press Release | Report | History
Textile & Allied Entity 17-Nov-23 Maintain A- Stable -
405 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 16-Nov-23 Upgrade BBB Stable -
406 Sapphire Fibres Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-23 Maintain A+ Stable -
407 Glamour Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-23 Maintain BBB- Stable -
408 Liberty Power Tech Limited
Press Release | Report | History
Energy Entity 10-Nov-23 Maintain AA- Stable -
409 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-23 Maintain A+ Stable -
410 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 01-Nov-23 Maintain BBB- Developing -
411 Zahidjee Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 31-Oct-23 Maintain A Stable -
412 Orient Rental Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Oct-23 Maintain A- Stable -
413 Islamabad Farms
Press Release | Report | History
Food and Allied Entity 27-Oct-23 Maintain BBB- Stable -
414 Pharmagen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Oct-23 Maintain A- Stable -
415 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 25-Oct-23 Upgrade AA- Stable -
416 Thar Energy Limited
Press Release | Report | History
Energy Entity 25-Oct-23 Upgrade AA- Stable -
417 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Oct-23 Initial A- Stable -
418 Stylers International Limited
Press Release | Report | History
Textile & Allied Entity 23-Oct-23 Maintain A Stable -
419 AGP Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Oct-23 Maintain A+ Stable -
420 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 21-Oct-23 Maintain BBB- Positive -
421 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 20-Oct-23 Maintain A Stable -
422 Ghandhara Industries Limited
Press Release | Report | History
Auto and Allied Entity 20-Oct-23 Maintain A+ Stable -
423 Ghandhara Automobiles Limited
Press Release | Report | History
Auto and Allied Entity 20-Oct-23 Maintain A Stable -
424 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Infrastructure Entity 16-Oct-23 Maintain A+ Stable -
425 Hassan Ali Rice Export Company
Press Release | Report | History
Agriculture & Allied Entity 13-Oct-23 Maintain BBB+ Stable -
426 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Agriculture & Allied Entity 13-Oct-23 Maintain BBB Stable -
427 Din Energy Limited
Press Release | Report | History
Energy Entity 13-Oct-23 Maintain A Stable -
428 Habib Construction Services Limited
Press Release | Report | History
Infrastructure Entity 12-Oct-23 Maintain BBB+ Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

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