| Sr.No | Entity | Sector | Rating Type | Dissemination Date |
Action | LT Rating | ST Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Kohat Cement Company Limited Press Release | Report | History |
Cement | Entity | 26-Jan-23 | Maintain | A | A1 | Positive | - |
| 2 | Nishat Mills Limited | PPSTS Press Release | Report | History |
Composite | Debt Instrument | 26-Jan-23 | Initial | AA | A1+ | Stable | - |
| 3 | Energy Infrastructure Holding (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 26-Jan-23 | Maintain | A- | A1 | Stable | - |
| 4 | Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 5bln | TBI Press Release | Report | History |
Steel | Debt Instrument | 25-Jan-23 | Preliminary | AA- | - | Stable | - |
| 5 | Oursun Pakistan Limited Press Release | Report | History |
Power | Entity | 23-Jan-23 | Maintain | A | A1 | Stable | - |
| 6 | Ali Embroidery Mills (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 23-Jan-23 | Initial | BBB | A2 | Stable | - |
| 7 | Usman Steels (Pvt.) Limited Press Release | Report | History |
Shipping | Entity | 20-Jan-23 | Maintain | BBB | A2 | Stable | - |
| 8 | Fatima Fertilizer Company Limited Press Release | Report | History |
Fertilizer | Entity | 20-Jan-23 | Upgrade | AA+ | A1+ | Stable | - |
| 9 | ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited ) Press Release | Report | History |
Power | Entity | 18-Jan-23 | Upgrade | A- | A2 | Stable | - |
| 10 | Al-Khair Rice Mills (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 18-Jan-23 | Upgrade | BBB | A2 | Stable | - |
| 11 | H. Sheikh Noor-ud-Din & Sons (Private) Limited Press Release | Report | History |
Relief | Entity | 18-Jan-23 | Maintain | BBB | A2 | Stable | - |
| 12 | Toyota Jinnah Motors (Pvt.) Limited Press Release | Report | History |
Passenger Cars | Entity | 18-Jan-23 | Maintain | BBB | A2 | Stable | - |
| 13 | BRB Properties Builders and Developers Press Release | Report | History |
Real Estate | Entity | 17-Jan-23 | Maintain | BB+ | A3 | Stable | - |
| 14 | Dynamic Packaging (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 17-Jan-23 | Initial | BBB | A2 | Stable | - |
| 15 | Loads Limited Press Release | Report | History |
Automotive Parts | Entity | 16-Jan-23 | Maintain | A | A1 | Negative | Yes |
| 16 | Spud Energy Pty Limited (Pakistan Branch) Press Release | Report | History |
Oil Exploration & Production | Entity | 13-Jan-23 | Maintain | A | A1 | Stable | - |
| 17 | Ahmed Hassan Spinning Limited Press Release | Report | History |
Spinning | Entity | 11-Jan-23 | Maintain | BBB | A2 | Negative | Yes |
| 18 | ISE Towers REIT Management Company Limited Press Release | Report | History |
Modaraba & NBFCs | Entity | 06-Jan-23 | Maintain | A | A1 | Stable | - |
| 19 | Foundation Power Company Daharki Limited Press Release | Report | History |
Power | Entity | 06-Jan-23 | Maintain | AA- | A1+ | Stable | - |
| 20 | JS Rental REIT Press Release | Report | History |
Real Estate | Rental REIT Fund | 03-Jan-23 | Initial | A+(rr) | Stable | - | |
| 21 | Multi Resin Industries Press Release | Report | History |
Chemical | Entity | 03-Jan-23 | Maintain | BBB- | A2 | Stable | - |
| 22 | Kassim Textiles (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 31-Dec-22 | Maintain | A- | A2 | Stable | - |
| 23 | Sayban International Press Release | Report | History |
Pesticides | Entity | 31-Dec-22 | Upgrade | BBB- | A2 | Stable | - |
| 24 | AL Habib Islamic Savings Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 30-Dec-22 | Initial | AA(f) | Stable | - | |
| 25 | Novapack (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 30-Dec-22 | Initial | BBB- | A3 | Stable | - |
| 26 | Alhamra Wada Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 30-Dec-22 | Initial | AA(f) | Stable | - | |
| 27 | MCB Pakistan Fixed Return Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 30-Dec-22 | Initial | AA+(f) | Stable | - | |
| 28 | Pak Oman Daily Dividend Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 30-Dec-22 | Maintain | AA(f) | Stable | - | |
| 29 | Getz Pharma (Pvt.) Limited Press Release | Report | History |
Pharmaceutical | Entity | 30-Dec-22 | Maintain | AA- | A1 | Stable | - |
| 30 | Azhar Corporation (Pvt.) Limited Press Release | Report | History |
Edible Oil | Entity | 30-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 31 | Interwood Mobel (Pvt.) Limited Press Release | Report | History |
Furniture & Fixtures | Entity | 30-Dec-22 | Maintain | A- | A2 | Stable | - |
| 32 | China Power Hub Generation Company (Pvt.) Limited Press Release | Report | History |
Power | Entity | 30-Dec-22 | Maintain | AA+ | A1+ | Stable | - |
| 33 | Ahmad Hassan Textile Mills Limited Press Release | Report | History |
Weaving | Entity | 30-Dec-22 | Initial | BBB+ | A2 | Stable | - |
| 34 | AL Habib Islamic Cash Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 30-Dec-22 | Initial | AA+(f) | Stable | - | |
| 35 | Reliance Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 30-Dec-22 | Initial | A+ (ifs) | Stable | - | |
| 36 | Cherat Cement Company Limited Press Release | Report | History |
Cement | Entity | 28-Dec-22 | Maintain | A+ | A1 | Stable | - |
| 37 | Pak Elektron Limited | PP Sukuk Press Release | Report | History |
Household Appliances | Debt Instrument | 28-Dec-22 | Maintain | A+ | A1 | Stable | - |
| 38 | Al Rahim Textile Industries Limited Press Release | Report | History |
Towel | Entity | 28-Dec-22 | Upgrade | A | A1 | Stable | - |
| 39 | Allah Tawaqal Metals (Pvt.) Limited Press Release | Report | History |
Steel | Entity | 28-Dec-22 | Upgrade | BB+ | A3 | Stable | - |
| 40 | HBL Microfinance Bank (The First MicroFinanceBank Limited) Press Release | Report | History |
Microfinance | Entity | 28-Dec-22 | Maintain | A+ | A1 | Stable | - |
| 41 | JS Investments Limited Press Release | Report | History |
Asset Managers | Asset Manager | 27-Dec-22 | Upgrade | AM2+ | Stable | - | |
| 42 | EFG Hermes Pakistan Limited Press Release | Report | History |
Brokerage & Securities | Entity | 23-Dec-22 | Maintain | A- | A1 | Stable | - |
| 43 | Pakistan National Shipping Corporation Press Release | Report | History |
Shipping | Entity | 23-Dec-22 | Maintain | AA | A1+ | Stable | - |
| 44 | TPL REIT Management Company Limited Press Release | Report | History |
Real Estate | REIT Manager Rating | 23-Dec-22 | Maintain | RM 3+ | Stable | - | |
| 45 | 786 Investments Limited Press Release | Report | History |
Asset Managers | Asset Manager | 23-Dec-22 | Maintain | AM3 | Stable | - | |
| 46 | TOTAL PARCO Pakistan Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 23-Dec-22 | Initial | AAA | A1+ | Stable | - |
| 47 | TPL Trakker Limited Press Release | Report | History |
Tracking Services | Entity | 23-Dec-22 | Maintain | A- | A2 | Stable | - |
| 48 | TPL REIT Fund I Press Release | Report | History |
Real Estate | REIT Fund Rating | 23-Dec-22 | Initial | RFR 3+ | Stable | - | |
| 49 | Cherat Packaging Limited Press Release | Report | History |
Paper and Packaging | Entity | 23-Dec-22 | Maintain | A | A1 | Positive | - |
| 50 | Atlas Asset Management Limited Press Release | Report | History |
Asset Managers | Asset Manager | 23-Dec-22 | Maintain | AM2+ | Stable | - | |
| 51 | Siddiqsons Tinplate Limited Press Release | Report | History |
Paper and Packaging | Entity | 23-Dec-22 | Maintain | A- | A2 | Stable | - |
| 52 | EFG Hermes Pakistan Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 23-Dec-22 | Maintain | BMR2+ | Stable | - | |
| 53 | Reliance Weaving Mills Limited Press Release | Report | History |
Composite | Entity | 23-Dec-22 | Maintain | A | A2 | Stable | - |
| 54 | EFG Hermes Pakistan Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 23-Dec-22 | Maintain | BFR 2+ | Stable | - | |
| 55 | Tariq Glass Industries Limited Press Release | Report | History |
Entity | 23-Dec-22 | Maintain | A+ | A1 | Stable | - | |
| 56 | United Ethanol Industries Limited Press Release | Report | History |
Sugar | Entity | 22-Dec-22 | Maintain | A- | A2 | Stable | - |
| 57 | EXIDE Pakistan Limited Press Release | Report | History |
Entity | 22-Dec-22 | Maintain | BBB | A2 | Stable | - | |
| 58 | Swat Agro Chemicals Press Release | Report | History |
Pesticides | Entity | 21-Dec-22 | Initial | BBB- | A2 | Stable | - |
| 59 | Zaver Petroleum Corporation (Pvt.) Limited Press Release | Report | History |
Oil Exploration & Production | Entity | 21-Dec-22 | Maintain | A- | A2 | Stable | - |
| 60 | Lucky Electric Power Company Limited | PPSTS-7 | PKR 5bln | TBI Press Release | Report | History |
Power | Debt Instrument | 21-Dec-22 | Preliminary | AA | A1+ | Stable | - |
| 61 | NRSP Microfinance Bank Limited | Tier II TFC Press Release | Report | History |
Microfinance | Debt Instrument | 21-Dec-22 | Maintain | A- | - | Negative | Yes |
| 62 | Orient Petroleum Inc. (Pakistan Branch) Press Release | Report | History |
Oil Exploration & Production | Entity | 21-Dec-22 | Maintain | A- | A2 | Stable | - |
| 63 | U Microfinance Bank Limited | TFC | Dec-22 Press Release | Report | History |
Microfinance | Debt Instrument | 20-Dec-22 | Preliminary | AA- | Stable | - | |
| 64 | WAPDA | Sukuk | May-17 Press Release | Report | History |
Power | Debt Instrument | 16-Dec-22 | Maintain | AAA | Stable | - | |
| 65 | Arif Habib Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 16-Dec-22 | Maintain | BMR1 | Stable | - | |
| 66 | Lucky Electric Power Company Limited | PPSTS-4 | PKR 5bln | Sep-22 Press Release | Report | History |
Power | Debt Instrument | 16-Dec-22 | Initial | AA | A1+ | Stable | - |
| 67 | MACPAC Films Limited Press Release | Report | History |
Paper and Packaging | Entity | 16-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 68 | IGI Holdings Limited Press Release | Report | History |
Holding Company | Entity | 16-Dec-22 | Maintain | AA | A1+ | Stable | - |
| 69 | Lucky Electric Power Company Limited | PPCP-2 | PKR 6bln | Nov-22 Press Release | Report | History |
Power | Debt Instrument | 16-Dec-22 | Initial | AA | A1+ | Stable | - |
| 70 | Lucky Electric Power Company Limited | PPSTS-5 | PKR 7bln | Oct-22 Press Release | Report | History |
Power | Debt Instrument | 16-Dec-22 | Initial | AA | A1+ | Stable | - |
| 71 | Arif Habib Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 16-Dec-22 | Maintain | BFR 1 | Stable | - | |
| 72 | WAPDA | PPTFC | May-17 Press Release | Report | History |
Power | Debt Instrument | 16-Dec-22 | Maintain | AAA | Stable | - | |
| 73 | Sui Southern Gas Company Limited Press Release | Report | History |
Distribution | Gas | Entity | 15-Dec-22 | Maintain | A | A2 | Stable | Yes |
| 74 | Ghulam Rasool & Company (Pvt.) Limited Press Release | Report | History |
Construction | Entity | 15-Dec-22 | Upgrade | A- | A2 | Stable | - |
| 75 | UBL Special Savings Plan – IV under UBL Special Savings Fund (USSP-IV) Press Release | Report | History |
Mutual Funds | Stability | Capital Preservation Rating | 14-Dec-22 | Initial | CP2+ | Stable | - | |
| 76 | Khaadi Pakistan (SMC-Pvt) Limited Press Release | Report | History |
Composite | Entity | 14-Dec-22 | Maintain | A- | A2 | Positive | - |
| 77 | NRSP Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 14-Dec-22 | Downgrade | A- | A2 | Negative | Yes |
| 78 | UBL Special Savings Plan – VI under UBL Special Savings Fund (USSP-VI) Press Release | Report | History |
Mutual Funds | Stability | Capital Preservation Rating | 14-Dec-22 | Initial | CP2+ | Stable | - | |
| 79 | UBL Special Savings Plan – II under UBL Special Savings Fund (USSP-II) Press Release | Report | History |
Mutual Funds | Stability | Capital Preservation Rating | 14-Dec-22 | Initial | CP2+ | Stable | - | |
| 80 | JS Global Capital Limited Press Release | Report | History |
Brokerage & Securities | Entity | 14-Dec-22 | Maintain | AA | A1+ | Stable | - |
| 81 | Mega Conglomerate (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 14-Dec-22 | Maintain | AA- | A1 | Stable | - |
| 82 | JS Global Capital Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 14-Dec-22 | Maintain | BMR1 | Stable | - | |
| 83 | Sapphire Retail Limited Press Release | Report | History |
Composite | Entity | 14-Dec-22 | Maintain | A- | A2 | Stable | - |
| 84 | Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22 Press Release | Report | History |
Microfinance | Debt Instrument | 14-Dec-22 | Maintain | A- | Negative | Yes | |
| 85 | UBL Special Savings Plan – V under UBL Special Savings Fund (USSP-V) Press Release | Report | History |
Mutual Funds | Stability | Capital Preservation Rating | 14-Dec-22 | Initial | CP2+ | Stable | - | |
| 86 | JS Global Capital Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 14-Dec-22 | Maintain | BFR 1 | Stable | - | |
| 87 | UBL Special Savings Plan – III under UBL Special Savings Fund (USSP-III) Press Release | Report | History |
Mutual Funds | Stability | Capital Preservation Rating | 14-Dec-22 | Initial | CP2+ | Stable | - | |
| 88 | Rural Community Development Programmes Press Release | Report | History |
Microfinance | Social Impact and Performance Rating | 13-Dec-22 | Initial | SIP3++ | Stable | - | |
| 89 | CSC Empowerment & Inclusion Programme Press Release | Report | History |
Microfinance | Social Impact and Performance Rating | 13-Dec-22 | Initial | SIP3 | Stable | - | |
| 90 | Mughal Iron & Steel Industries Limited | PPCP | PKR 2 bln | TBI Press Release | Report | History |
Steel | Debt Instrument | 12-Dec-22 | Preliminary | A+ | A1 | Stable | - |
| 91 | JS Microfinance Sector Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 12-Dec-22 | Maintain | A(f) | Stable | - | |
| 92 | Pakistan Oil Mills (Pvt.) Limited Press Release | Report | History |
Edible Oil | Entity | 09-Dec-22 | Maintain | BBB+ | A2 | Stable | - |
| 93 | Habib Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 09-Dec-22 | Maintain | A++ (ifs) | Stable | - | |
| 94 | Ismail Industries Limited Press Release | Report | History |
Food Products | Entity | 09-Dec-22 | Upgrade | A+ | A1 | Stable | - |
| 95 | Be Be Jan Pakistan Limited Press Release | Report | History |
Composite | Entity | 09-Dec-22 | Initial | BBB | A2 | Stable | - |
| 96 | Pak Arab Refinery Limited Press Release | Report | History |
Refineries | Entity | 09-Dec-22 | Maintain | AAA | A1+ | Stable | - |
| 97 | KSB Pumps Company Limited Press Release | Report | History |
Machinery | Entity | 08-Dec-22 | Maintain | A+ | A1 | Stable | Yes |
| 98 | K-Electric | PPSTS-12 | PKR 5bln | Dec-22 Press Release | Report | History |
Power | Debt Instrument | 08-Dec-22 | Preliminary | AA | A1+ | Stable | - |
| 99 | K-Electric | PPSTS-11 | PKR 5bln | Oct-22 Press Release | Report | History |
Power | Debt Instrument | 08-Dec-22 | Initial | AA | A1+ | Stable | - |
| 100 | Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22 Press Release | Report | History |
Commercial Bank | Debt Instrument | 08-Dec-22 | Preliminary | AAA | Stable | - | |
| 101 | Lucky Electric Power Company Limited | PPSTS-6 | PKR 4bln | Dec-22 Press Release | Report | History |
Power | Debt Instrument | 05-Dec-22 | Preliminary | AA | A1+ | Stable | - |
| 102 | Kingcrete Builders Press Release | Report | History |
Construction | Entity | 02-Dec-22 | Maintain | BBB | A2 | Stable | - |
| 103 | Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund Press Release | Report | History |
Asset Managers | Stability Rating | 02-Dec-22 | Initial | AA(f) | Stable | - | |
| 104 | Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund Press Release | Report | History |
Asset Managers | Stability Rating | 02-Dec-22 | Initial | AA(f) | Stable | - | |
| 105 | Pak Qatar Income Plan under Pak Qatar Islamic Income Fund Press Release | Report | History |
Asset Managers | Stability Rating | 02-Dec-22 | Initial | A+(f) | Stable | - | |
| 106 | Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund Press Release | Report | History |
Asset Managers | Stability Rating | 02-Dec-22 | Initial | AA(f) | Stable | - | |
| 107 | Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund Press Release | Report | History |
Asset Managers | Stability Rating | 02-Dec-22 | Initial | A+(f) | Stable | - | |
| 108 | Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund Press Release | Report | History |
Asset Managers | Stability Rating | 02-Dec-22 | Initial | A(f) | Stable | - | |
| 109 | Mughal Energy Limited Press Release | Report | History |
Power | Entity | 01-Dec-22 | Initial | A | A2 | Stable | - |
| 110 | Spectrum Securities Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 30-Nov-22 | Maintain | BMR3+ | Stable | - | |
| 111 | Spectrum Securities Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 30-Nov-22 | Maintain | BFR 3 | Stable | - | |
| 112 | Abhi (Pvt.) Limited Press Release | Report | History |
Modaraba & NBFCs | Entity | 28-Nov-22 | Initial | A- | A2 | Stable | - |
| 113 | East West Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 25-Nov-22 | Maintain | AA (ifs) | Stable | - | |
| 114 | Sapphire Finishing Mills Limited Press Release | Report | History |
Composite | Entity | 25-Nov-22 | Maintain | A | A1 | Stable | - |
| 115 | Samad Rubber Works (Pvt.) Limited Press Release | Report | History |
Chemical | Entity | 25-Nov-22 | Initial | BBB+ | A2 | Stable | - |
| 116 | Byco Petroleum Pakistan Limited | Sukuk | Jan-17 Press Release | Report | History |
Refineries | Debt Instrument | 25-Nov-22 | Maintain | AAA | - | Stable | - |
| 117 | Stylers International Limited Press Release | Report | History |
Composite | Entity | 24-Nov-22 | Initial | A | A1 | Stable | - |
| 118 | Pakistan Aluminium Beverage Cans Limited Press Release | Report | History |
Paper and Packaging | Entity | 24-Nov-22 | Initial | A+ | A1 | Stable | - |
| 119 | HUM Network Limited Press Release | Report | History |
Media | Entity | 24-Nov-22 | Maintain | A+ | A1 | Stable | - |
| 120 | Inbox Business Technologies Limited Press Release | Report | History |
Technology | Entity | 23-Nov-22 | Upgrade | A- | A2 | Stable | - |
| 121 | DIC Pakistan Limited Press Release | Report | History |
Chemical | Entity | 23-Nov-22 | Initial | AA- | A1 | Stable | - |
| 122 | Amanah Investments Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 23-Nov-22 | Maintain | BMR3 | Stable | - | |
| 123 | WAPDA Dasu Sukuk-B Press Release | Report | History |
Power | Debt Instrument | 23-Nov-22 | Maintain | AAA | - | Stable | - |
| 124 | Ghani Global Glass Limited Press Release | Report | History |
Entity | 23-Nov-22 | Maintain | BBB+ | A2 | Positive | - | |
| 125 | Sapphire Fibres Limited Press Release | Report | History |
Composite | Entity | 23-Nov-22 | Maintain | A+ | A1 | Stable | - |
| 126 | Popular Aseptic Packaging (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 23-Nov-22 | Initial | BBB | A2 | Stable | - |
| 127 | Chanar Energy Limited Press Release | Report | History |
Power | Entity | 22-Nov-22 | Maintain | BBB- | A3 | Stable | Yes |
| 128 | Platinum Steel Mill (Pvt.) Limited Press Release | Report | History |
Steel | Entity | 22-Nov-22 | Initial | BBB- | A2 | Stable | - |
| 129 | Ghani Global Holdings Limited Press Release | Report | History |
Holding Company | Entity | 22-Nov-22 | Maintain | A- | A2 | Positive | - |
| 130 | Airlink Communication Press Release | Report | History |
Mobile Phone and Allied Products | Entity | 22-Nov-22 | Maintain | A | A1 | Stable | - |
| 131 | KTRADE Securities Limited Press Release | Report | History |
Brokerage & Securities | Entity | 22-Nov-22 | Maintain | A- | A2 | Stable | - |
| 132 | Ahmed Fine Weaving Limited Press Release | Report | History |
Weaving | Entity | 18-Nov-22 | Maintain | A- | A2 | Stable | - |
| 133 | WAPDA Dasu TFC-B Press Release | Report | History |
Power | Debt Instrument | 18-Nov-22 | Maintain | AAA | - | Stable | - |
| 134 | Glamour Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 16-Nov-22 | Initial | BBB- | A2 | Stable | - |
| 135 | Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22 Press Release | Report | History |
Commercial Bank | Debt Instrument | 14-Nov-22 | Preliminary | A+ | Stable | - | |
| 136 | Fazal Holdings (Pvt.) Limited Press Release | Report | History |
Holding Company | Entity | 10-Nov-22 | Upgrade | A+ | A1 | Stable | - |
| 137 | Liberty Power Tech Limited Press Release | Report | History |
Power | Entity | 10-Nov-22 | Upgrade | AA- | A1 | Stable | - |
| 138 | Jubilee General Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 03-Nov-22 | Maintain | AA++ (ifs) | Stable | - | |
| 139 | Etihad Alloys (Pvt.) Limited Press Release | Report | History |
Steel | Entity | 02-Nov-22 | Upgrade | BBB- | A3 | Developing | - |
| 140 | Zahidjee Textile Mills Limited Press Release | Report | History |
Composite | Entity | 02-Nov-22 | Upgrade | A | A1 | Stable | - |
| 141 | Orient Rental Modaraba Press Release | Report | History |
Modaraba & NBFCs | Entity | 31-Oct-22 | Maintain | A- | A2 | Stable | - |
| 142 | Islamabad Farms Press Release | Report | History |
Poultry | Entity | 29-Oct-22 | Maintain | BBB- | A3 | Stable | - |
| 143 | Optimus Capital Management (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 28-Oct-22 | Maintain | BFR 3++ | Stable | - | |
| 144 | Habib Metropolitan Financial Services Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 28-Oct-22 | Maintain | BMR2 | Stable | - | |
| 145 | China Power Hub Generation Company (Pvt.) Limited | PPSTS-2 | PKR 5bln | Dec-22 Press Release | Report | History |
Power | Debt Instrument | 28-Oct-22 | Preliminary | AA+ | A1+ | Stable | - |
| 146 | Optimus Capital Management (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 28-Oct-22 | Maintain | BMR2 | Stable | - | |
| 147 | AGP Limited Press Release | Report | History |
Pharmaceutical | Entity | 26-Oct-22 | Maintain | A+ | A1 | Stable | - |
| 148 | ABL Asset Management Company Limited Press Release | Report | History |
Asset Managers | Asset Manager | 26-Oct-22 | Upgrade | AM1 | Stable | - | |
| 149 | Pharmagen Limited Press Release | Report | History |
Pharmaceutical | Entity | 25-Oct-22 | Maintain | A- | A2 | Stable | - |
| 150 | Mumtaz Feeds & Allied Industries (Pvt.) Limited Press Release | Report | History |
Poultry Feed | Entity | 22-Oct-22 | Maintain | BBB- | A2 | Positive | - |
| 151 | Ghandhara Industries Limited Press Release | Report | History |
Trucks & Buses | Entity | 21-Oct-22 | Maintain | A+ | A1 | Stable | - |
| 152 | Ghandhara Nissan Limited Press Release | Report | History |
Trucks & Buses | Entity | 21-Oct-22 | Maintain | A | A1 | Stable | - |
| 153 | Postal Life Insurance Company Limited Press Release | Report | History |
Life Insurance | IFS | 21-Oct-22 | Initial | A+ (ifs) | Stable | - | |
| 154 | Mughal Iron & Steel Industries Limited Press Release | Report | History |
Steel | Entity | 21-Oct-22 | Maintain | A+ | A1 | Stable | - |
| 155 | CCL Pharmaceuticals (Pvt.) Limited Press Release | Report | History |
Pharmaceutical | Entity | 20-Oct-22 | Maintain | A | A1 | Stable | - |
| 156 | NBP Islamic Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | AA(f) | Stable | - | |
| 157 | NBP Riba Free Saving Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | A+(f) | Stable | - | |
| 158 | NBP Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | AA(f) | Stable | - | |
| 159 | NBP Islamic Mahana Amdani Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | A+(f) | Stable | - | |
| 160 | NBP Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | A+(f) | Stable | - | |
| 161 | NBP Income Opportunity Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | A+(f) | Stable | - | |
| 162 | NBP Mahana Amdani Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 163 | NBP Savings Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 19-Oct-22 | Maintain | A+(f) | Stable | - | |
| 164 | Secure Logistics Group Limited Press Release | Report | History |
Trucks & Buses | Entity | 15-Oct-22 | Maintain | A | A2 | Stable | - |
| 165 | Faysal Savings Growth Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 166 | AWT Money Market Fund (Formerly: AWT Asset Allocation Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA+(f) | Stable | - | |
| 167 | Atlas Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA+(f) | Stable | - | |
| 168 | Faysal MTS Fund (FMTSF) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 169 | Alfalah Islamic Rozana Amdani Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA(f) | Stable | - | |
| 170 | Jhulay Lal Parboiled Rice Mill Press Release | Report | History |
Rice | Entity | 14-Oct-22 | Maintain | BBB | A2 | Stable | - |
| 171 | Atlas Liquid Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Upgrade | AA+(f) | Stable | - | |
| 172 | Faysal Financial Sector Opportunity Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 173 | Engro Eximp Agriproducts (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 14-Oct-22 | Maintain | A- | A2 | Stable | - |
| 174 | Atlas Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 175 | Faysal Halal Amdani Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA(f) | Stable | - | |
| 176 | Atlas Islamic Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA(f) | Stable | - | |
| 177 | Faysal Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA(f) | Stable | - | |
| 178 | Atlas Sovereign Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 179 | 786 Smart Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 180 | Faysal Income and Growth Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | A(f) | Stable | - | |
| 181 | Atlas Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 14-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 182 | Alfalah GHP Income Multiplier Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | A+(f) | Stable | - | |
| 183 | Reliance International Commodities Exports (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 13-Oct-22 | Upgrade | BBB- | A2 | Stable | - |
| 184 | Alfalah GHP Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | A+(f) | Stable | - | |
| 185 | Alfalah GHP Sovereign Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 186 | Awami Agro Commodities Press Release | Report | History |
Rice | Entity | 13-Oct-22 | Upgrade | BBB | A2 | Stable | - |
| 187 | Alfalah GHP Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | AA-(f) | Stable | - | |
| 188 | AWT Islamic Income Fund (Formerly: PIML Islamic Income Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | A+(f) | Stable | - | |
| 189 | Din Energy Limited Press Release | Report | History |
Power | Entity | 13-Oct-22 | Upgrade | A | A2 | Stable | - |
| 190 | Hassan Ali Rice Export Company Press Release | Report | History |
Rice | Entity | 13-Oct-22 | Upgrade | BBB+ | A2 | Stable | - |
| 191 | AWT Income Fund (Formerly: PIML Income Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | A+(f) | Stable | - | |
| 192 | Alfalah GHP Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Oct-22 | Maintain | AA+(f) | Stable | - | |
| 193 | A.J. Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 12-Oct-22 | Maintain | A- | A2 | Stable | - |
| 194 | Habib Construction Services Limited Press Release | Report | History |
Construction | Entity | 12-Oct-22 | Upgrade | BBB+ | A2 | Stable | - |
| 195 | Irfan Noman Brothers (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 10-Oct-22 | Initial | BBB+ | A2 | Stable | - |
| 196 | MCB-Arif Habib Savings and Investments Limited Press Release | Report | History |
Asset Managers | Asset Manager | 06-Oct-22 | Maintain | AM1 | Stable | - | |
| 197 | The Bank of Khyber Press Release | Report | History |
Commercial Bank | Entity | 04-Oct-22 | Upgrade | A+ | A1 | Stable | - |
| 198 | LalPir Power Limited Press Release | Report | History |
Power | Entity | 30-Sep-22 | Maintain | AA | A1 | Stable | - |
| 199 | PakGen Power Limited Press Release | Report | History |
Power | Entity | 30-Sep-22 | Maintain | AA | A1 | Stable | - |
| 200 | Thardeep Microfinance Foundation Press Release | Report | History |
Microfinance | Entity | 30-Sep-22 | Maintain | BBB | A3 | Stable | Yes |
| 201 | Master Wind Energy Limited Press Release | Report | History |
Power | Entity | 30-Sep-22 | Maintain | A+ | A1 | Stable | - |
| 202 | JS Islamic Daily Dividend Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 29-Sep-22 | Maintain | AA(f) | Stable | - | |
| 203 | JS Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 29-Sep-22 | Maintain | A+(f) | Stable | - | |
| 204 | UBL Cash Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 29-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 205 | JS Cash Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 29-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 206 | JS Government Securities Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 29-Sep-22 | Initial | AA(f) | Stable | - | |
| 207 | JS Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 29-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 208 | Ravi Automobile (Pvt.) Limited Press Release | Report | History |
Automotive Parts | Entity | 29-Sep-22 | Maintain | BBB | A2 | Stable | - |
| 209 | NBP Financial Sector Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 28-Sep-22 | Maintain | A+(f) | Stable | - | |
| 210 | NBP Government Securities Liquid Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 28-Sep-22 | Maintain | AAA(f) | Stable | - | |
| 211 | NBP Government Securities Savings Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 28-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 212 | NBP Islamic Daily Dividend Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 28-Sep-22 | Upgrade | AA+(f) | Stable | - | |
| 213 | My Petroleum (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 27-Sep-22 | Initial | BBB+ | A2 | Stable | - |
| 214 | Loads Limited | ICP-1 | Dec-22 Press Release | Report | History |
Automotive Parts | Debt Instrument | 27-Sep-22 | Preliminary | A | A1 | Stable | - |
| 215 | Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22 Press Release | Report | History |
Commercial Bank | Debt Instrument | 26-Sep-22 | Preliminary | AA- | - | Stable | - |
| 216 | Kashf Foundation Press Release | Report | History |
Microfinance | Entity | 24-Sep-22 | Maintain | A- | A2 | Stable | - |
| 217 | Kashf Foundation | PPTFC Press Release | Report | History |
Microfinance | Debt Instrument | 24-Sep-22 | Maintain | A | - | Stable | - |
| 218 | Nishat Power Limited Press Release | Report | History |
Power | Entity | 24-Sep-22 | Maintain | AA- | A1 | Stable | - |
| 219 | Service Industries Limited Press Release | Report | History |
Tyres | Entity | 24-Sep-22 | Maintain | AA- | A1 | Stable | - |
| 220 | Prosperity Weaving Mills Limited Press Release | Report | History |
Weaving | Entity | 23-Sep-22 | Maintain | A- | A2 | Stable | - |
| 221 | First Habib Modaraba Press Release | Report | History |
Modaraba & NBFCs | Entity | 23-Sep-22 | Maintain | AA+ | A1+ | Stable | - |
| 222 | Global Marketing Services Press Release | Report | History |
Pharmaceutical | Entity | 23-Sep-22 | Maintain | BBB | A2 | Stable | - |
| 223 | Engro PowerGen Thar (Pvt.) Limited Press Release | Report | History |
Power | Entity | 23-Sep-22 | Maintain | AA- | A1 | Stable | - |
| 224 | Nagina Cotton Mills Limited Press Release | Report | History |
Spinning | Entity | 23-Sep-22 | Maintain | A- | A2 | Stable | - |
| 225 | Ellcot Spinning Mills Limited Press Release | Report | History |
Spinning | Entity | 23-Sep-22 | Maintain | A- | A2 | Stable | - |
| 226 | NBP Islamic Savings Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 22-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 227 | Atlas Power Limited Press Release | Report | History |
Power | Entity | 22-Sep-22 | Maintain | AA- | A1+ | Stable | - |
| 228 | Alfalah GHP Cash Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 22-Sep-22 | Upgrade | AA+(f) | Stable | - | |
| 229 | Trust Securities & Brokerage Limited Press Release | Report | History |
Brokerage & Securities | Entity | 20-Sep-22 | Initial | A- | A2 | Stable | - |
| 230 | Nimir Chemicals Pakistan Limited Press Release | Report | History |
Chemical | Entity | 20-Sep-22 | Initial | A- | A2 | Stable | - |
| 231 | Trust Securities & Brokerage Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 20-Sep-22 | Initial | BFR 2 | Stable | - | |
| 232 | Dawood Equities Limited Press Release | Report | History |
Brokerage & Securities | Entity | 20-Sep-22 | Maintain | A- | A2 | Stable | - |
| 233 | First Punjab Modaraba Press Release | Report | History |
Modaraba & NBFCs | Entity | 20-Sep-22 | Maintain | A- | A2 | Stable | - |
| 234 | Trust Securities & Brokerage Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 20-Sep-22 | Initial | BMR2+ | Stable | - | |
| 235 | OILCO Petroleum (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 19-Sep-22 | Maintain | A- | A2 | Stable | - |
| 236 | U Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 16-Sep-22 | Upgrade | A+ | A1 | Stable | - |
| 237 | Berger Paints Pakistan Limited Press Release | Report | History |
Chemical | Entity | 16-Sep-22 | Maintain | A- | A2 | Stable | - |
| 238 | Islamabad Feeds (Pvt.) Limited Press Release | Report | History |
Poultry Feed | Entity | 16-Sep-22 | Maintain | BBB | A2 | Stable | - |
| 239 | Malik MIJ Chunxing Resources Recycling Company Limited Press Release | Report | History |
Entity | 15-Sep-22 | Maintain | BBB | A2 | Stable | - | |
| 240 | Madiha International (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 14-Sep-22 | Initial | BB | A3 | Stable | - |
| 241 | International Business Management Press Release | Report | History |
Paper and Packaging | Entity | 14-Sep-22 | Initial | BB+ | A3 | Stable | - |
| 242 | Salman Paper Products (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 14-Sep-22 | Initial | BBB | A2 | Stable | - |
| 243 | Bikiya Industries (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 14-Sep-22 | Initial | BB | A3 | Stable | - |
| 244 | Tapal Energy (Pvt.) Limited Press Release | Report | History |
Power | Entity | 13-Sep-22 | Initial | A- | A2 | Developing | - |
| 245 | Alhamra Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 13-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 246 | Thar Energy Limited Press Release | Report | History |
Power | Entity | 12-Sep-22 | Maintain | A- | A2 | Stable | Yes |
| 247 | NIT Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 248 | MCB Cash Management Optimizer Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 249 | Bestway Cement Limited Press Release | Report | History |
Cement | Entity | 09-Sep-22 | Maintain | AA- | A1+ | Stable | - |
| 250 | MCB DCF Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 251 | The Hub Power Company Limited | PPSTS | 4.5bln | Apr-22 Press Release | Report | History |
Power | Debt Instrument | 09-Sep-22 | Initial | AA+ | A1+ | Stable | - |
| 252 | Pakistan Cash Management Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 253 | NIT Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AAA(f) | Stable | - | |
| 254 | Alhamra Daily Dividend Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 255 | MCB Pakistan Sovereign Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 256 | Premier Industrial Chemical MFG. Co. (Pvt.) Limited Press Release | Report | History |
Sugar | Entity | 09-Sep-22 | Initial | A- | A2 | Stable | - |
| 257 | NIT Government Bond Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA(f) | Stable | - | |
| 258 | Lakson Money Market Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 259 | Pakistan Income Enhancement Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | A+(f) | Stable | - | |
| 260 | Lakson Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | A+(f) | Stable | - | |
| 261 | Harappa Solar (Pvt.) Limited Press Release | Report | History |
Power | Entity | 09-Sep-22 | Maintain | A | A1 | Stable | - |
| 262 | NIT Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 09-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 263 | Din Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 08-Sep-22 | Maintain | A- | A2 | Stable | - |
| 264 | Fazal Cloth Mills Limited Press Release | Report | History |
Composite | Entity | 07-Sep-22 | Upgrade | A | A1 | Stable | - |
| 265 | AKD Cash Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 07-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 266 | AKD Aggressive Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 07-Sep-22 | Maintain | A+(f) | Stable | - | |
| 267 | Lucky Electric Power Company Limited | PPSTS-2 | PKR 7bln | Jun-22 Press Release | Report | History |
Power | Debt Instrument | 06-Sep-22 | Initial | AA | A1+ | Stable | - |
| 268 | Lakson Islamic Money Market Fund Press Release | Report | History |
Asset Managers | Stability Rating | 06-Sep-22 | Initial | AA(f) | Stable | - | |
| 269 | Lucky Electric Power Company Limited | PPSTS-3 | PKR 5bln | Jul-22 Press Release | Report | History |
Power | Debt Instrument | 06-Sep-22 | Initial | AA | A1+ | Stable | - |
| 270 | Lucky Electric Power Company Limited | PPCP | PKR 6bln | May-22 Press Release | Report | History |
Power | Debt Instrument | 06-Sep-22 | Initial | AA | A1+ | Stable | - |
| 271 | Bulleh Shah Packaging (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 05-Sep-22 | Initial | AA- | A1 | Stable | - |
| 272 | Pakistan Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 02-Sep-22 | Maintain | AA-(f) | Stable | - | |
| 273 | AKD Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 02-Sep-22 | Upgrade | AA-(f) | Stable | - | |
| 274 | Martin Dow Limited Press Release | Report | History |
Pharmaceutical | Entity | 02-Sep-22 | Initial | A+ | A1 | Stable | - |
| 275 | AL Habib Islamic Income Fund (Formerly First Habib Islamic Income Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 02-Sep-22 | Maintain | AA(f) | Stable | - | |
| 276 | 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 | - | |
| 277 | Nayatel (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 02-Sep-22 | Maintain | A | A1 | Stable | - |
| 278 | AL Habib Income Fund (Formerly First Habib Income Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 02-Sep-22 | Maintain | AA(f) | Stable | - | |
| 279 | Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 02-Sep-22 | Maintain | AA+(f) | Stable | - | |
| 280 | Trans World Associates (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 02-Sep-22 | Initial | A | A1 | Stable | - |
| 281 | K-Electric | PPSTS-7 | PKR 5bln | Aug-22 Press Release | Report | History |
Power | Debt Instrument | 31-Aug-22 | Initial | AA | A1+ | Stable | - |
| 282 | K-Electric | PPSTS-6 | PKR 5bln | Apr-22 Press Release | Report | History |
Power | Debt Instrument | 31-Aug-22 | Initial | AA | A1+ | Stable | - |
| 283 | Golden Packages (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 29-Aug-22 | Initial | BBB | A2 | Stable | - |
| 284 | Engro PowerGen Thar (Private) Limited | PP Sukuk Press Release | Report | History |
Power | Debt Instrument | 27-Aug-22 | Upgrade | AA- | - | Stable | - |
| 285 | Lakson Investments Limited Press Release | Report | History |
Asset Managers | Asset Manager | 26-Aug-22 | Maintain | AM2+ | Stable | - | |
| 286 | IGI Finex Securities Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 26-Aug-22 | Maintain | BFR 2+ | Stable | - | |
| 287 | Premier Insurance Limited Press Release | Report | History |
General Insurance | IFS | 26-Aug-22 | Maintain | A+ (ifs) | Negative | - | |
| 288 | Ismail Iqbal Securities (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 26-Aug-22 | Maintain | BMR3 | Stable | - | |
| 289 | Etimaad Engineering (Pvt.) Limited Press Release | Report | History |
Construction | Entity | 26-Aug-22 | Upgrade | A- | A2 | Stable | - |
| 290 | Be Energy Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 26-Aug-22 | Maintain | A+ | A1 | Stable | - |
| 291 | The Hub Power Company Limited | PP Sukuk Press Release | Report | History |
Power | Debt Instrument | 26-Aug-22 | Maintain | AA+ | - | Stable | - |
| 292 | Ismail Iqbal Securities (Pvt.) Limited Press Release | Report | History |
Brokerage & Securities | Entity | 26-Aug-22 | Maintain | A- | A2 | Stable | - |
| 293 | Atlas Insurance Limited Press Release | Report | History |
General Insurance | IFS | 26-Aug-22 | Maintain | AA+ (ifs) | Stable | - | |
| 294 | Asia Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 26-Aug-22 | Maintain | A++ (ifs) | Stable | - | |
| 295 | Puma Energy Pakistan (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 26-Aug-22 | Initial | A- | A2 | Stable | - |
| 296 | IGI Finex Securities Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 26-Aug-22 | Maintain | BMR2+ | Stable | - | |
| 297 | Cnergyico Pk Limited ( Formerly: Byco Petroleum Pakistan Limited ) Press Release | Report | History |
Refineries | Entity | 25-Aug-22 | Maintain | A- | A2 | Stable | Yes |
| 298 | Shaheen Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 25-Aug-22 | Maintain | A+ (ifs) | Positive | - | |
| 299 | Maaksons Engineering Corporation Limited Press Release | Report | History |
Construction | Entity | 24-Aug-22 | Maintain | BBB+ | A2 | Stable | - |
| 300 | Khas Textile Mills (Pvt.) Limited Press Release | Report | History |
Spinning | Entity | 23-Aug-22 | Upgrade | BBB- | A2 | Stable | - |
| 301 | Tufail Chemical Industries Limited Press Release | Report | History |
Chemical | Entity | 23-Aug-22 | Maintain | A- | A2 | Stable | - |
| 302 | China Power Hub Generation Company (Pvt.) Limited | PPSTS | PKR 8bln | Jul-22 Press Release | Report | History |
Power | Debt Instrument | 22-Aug-22 | Initial | AA+ | A1+ | Stable | - |
| 303 | Awan Trading Company (Pvt.) Limited Press Release | Report | History |
Coal Mining and Trading | Entity | 19-Aug-22 | Maintain | BBB+ | A2 | Positive | - |
| 304 | Packages Convertors Limited Press Release | Report | History |
Paper and Packaging | Entity | 18-Aug-22 | Initial | AA- | A1 | Stable | - |
| 305 | U Microfinance Bank Limited | TFC Press Release | Report | History |
Microfinance | Debt Instrument | 18-Aug-22 | Maintain | AA- | - | Stable | - |
| 306 | Pak Oman Advantage Islamic Income Fund Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 17-Aug-22 | Maintain | A+(f) | Stable | - | |
| 307 | Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund) Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 17-Aug-22 | Maintain | A+(f) | Stable | - | |
| 308 | Askari High Yield Scheme Press Release | Report | History |
Mutual Funds | Stability | Stability Rating | 17-Aug-22 | Maintain | A(f) | Stable | - | |
| 309 | ThalNova Power Thar (Pvt.) Limited Press Release | Report | History |
Power | Entity | 17-Aug-22 | Maintain | A- | A2 | Stable | Yes |
| 310 | National Transmission & Despatch Company Limited Press Release | Report | History |
Distribution | Electricity | Entity | 13-Aug-22 | Maintain | AA+ | A1+ | Stable | - |
| 311 | AL Habib Asset Management Limited (Formerly: Habib Asset Management Limited) Press Release | Report | History |
Asset Managers | Asset Manager | 12-Aug-22 | Upgrade | AM2+ | Stable | - | |
| 312 | Ghani Chemical Industries Limited | Sukuk | Feb-17 Press Release | Report | History |
Industrial Gases | Debt Instrument | 11-Aug-22 | Maintain | A | Stable | - | |
| 313 | NBP Islamic Stock Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Same | 3-Star | 3-Star | - | |
| 314 | NBP Islamic Active Allocation Equity Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Same | 5-Star | 4-Star | - | |
| 315 | First Capital Mutual Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Improved | 3-Star | 2-Star | - | |
| 316 | NBP Balanced Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Same | 4-Star | 4-Star | - | |
| 317 | Golden Arrow Stock Fund (Formerly: Golden Arrow Selected Stocks Fund) Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Same | 5-Star | 3-Star | - | |
| 318 | EcoPack Limited Press Release | Report | History |
Paper and Packaging | Entity | 10-Aug-22 | Initial | BBB | A2 | Stable | - |
| 319 | NBP Islamic Sarmaya Izafa Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Same | 3-Star | 3-Star | - | |
| 320 | AKD Opportunity Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Same | 5-Star | 2-Star | - | |
| 321 | Faysal Asset Allocation Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Declined | 5-Star | 2-Star | - | |
| 322 | Faysal Islamic Asset Allocation Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Improved | 5-Star | 5-Star | - | |
| 323 | Faysal Stock Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Declined | 5-Star | 2-Star | - | |
| 324 | 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 | - |
| 325 | AKD Islamic Stock Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 10-Aug-22 | Improved | 5-Star | 3-Star | - | |
| 326 | Mekotex (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 05-Aug-22 | Maintain | A- | A2 | Stable | - |
| 327 | AWT Investments Limited Press Release | Report | History |
Asset Managers | Asset Manager | 05-Aug-22 | Maintain | AM3++ | Positive | - | |
| 328 | Eastern Garments (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 05-Aug-22 | Maintain | BBB+ | A2 | Positive | - |
| 329 | Pak Suzuki Motor Company Limited Press Release | Report | History |
Passenger Cars | Entity | 05-Aug-22 | Maintain | AA- | A1 | Stable | - |
| 330 | Jahangir Siddiqui & Co. Ltd. | TFC X | Jul-17 Press Release | Report | History |
Holding Company | Debt Instrument | 05-Aug-22 | Maintain | AA+ | - | Stable | - |
| 331 | Jahangir Siddiqui & Co. Ltd. | TFC XI | Mar-18 Press Release | Report | History |
Holding Company | Debt Instrument | 05-Aug-22 | Maintain | AA+ | - | Stable | - |
| 332 | NBP Sarmaya Izafa Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 04-Aug-22 | Same | 3-Star | 3-Star | - | |
| 333 | NBP Stock Fund Press Release | Report | History |
Mutual Funds | Performance | Performance Ranking | 04-Aug-22 | Same | 3-Star | 4-Star | - | |
| 334 | Multinet Pakistan (Pvt.) Limited Press Release | Report | History |
Technology | Entity | 02-Aug-22 | Initial | A- | A2 | Stable | - |
| 335 | Fauji Fertilizer Company Limited Press Release | Report | History |
Fertilizer | Entity | 30-Jul-22 | Maintain | AA+ | A1+ | Stable | - |
| 336 | Jahangir Siddiqui & Co. Ltd. Press Release | Report | History |
Holding Company | Entity | 29-Jul-22 | Maintain | AA | A1+ | Stable | - |
| 337 | Engro Fertilizers Limited Press Release | Report | History |
Fertilizer | Entity | 29-Jul-22 | Maintain | AA | A1+ | Stable | - |
| 338 | Honda Centre (Pvt.) Limited Press Release | Report | History |
Passenger Cars | Entity | 29-Jul-22 | Maintain | BBB | A2 | Stable | - |
| 339 | Sarena Textile Industries (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 29-Jul-22 | Maintain | A | A2 | Stable | - |
| 340 | The Universal Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 28-Jul-22 | Maintain | A (ifs) | Stable | - | |
| 341 | Pakistan Oxygen Limited Press Release | Report | History |
Industrial Gases | Entity | 26-Jul-22 | Maintain | A | A1 | Stable | - |
| 342 | Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited Press Release | Report | History |
Power | Entity | 22-Jul-22 | Initial | AA+ | A1+ | Stable | - |
| 343 | M.Y. Bari Mills (Pvt.) Limited Press Release | Report | History |
Towel | Entity | 20-Jul-22 | Maintain | BBB | A2 | Positive | - |
| 344 | Sindh Engro Coal Mining Company Press Release | Report | History |
Coal Mining and Trading | Entity | 19-Jul-22 | Maintain | AA | A1+ | Stable | - |
| 345 | AL Habib Capital Markets (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 19-Jul-22 | Maintain | BMR2+ | Stable | - | |
| 346 | AL Habib Capital Markets (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 19-Jul-22 | Maintain | BFR 2+ | Stable | - | |
| 347 | State Life Insurance Corporation of Pakistan Press Release | Report | History |
Life Insurance | IFS | 19-Jul-22 | Maintain | AAA (ifs) | Stable | - | |
| 348 | Engro Polymer & Chemicals Limited Press Release | Report | History |
Chemical | Entity | 16-Jul-22 | Upgrade | AA | A1+ | Stable | - |
| 349 | NIMIR Industrial Chemicals Limited Press Release | Report | History |
Chemical | Entity | 16-Jul-22 | Maintain | A+ | A1 | Stable | - |
| 350 | Nimir Resins Limited Press Release | Report | History |
Chemical | Entity | 16-Jul-22 | Maintain | A- | A2 | Stable | - |
| 351 | BankIslami Pakistan Limited | Modaraba Sukuk | Additional Tier 1 | TBI Press Release | Report | History |
Commercial Bank | Debt Instrument | 15-Jul-22 | Preliminary | A- | Positive | - | |
| 352 | Diamond Fabrics Limited Press Release | Report | History |
Composite | Entity | 15-Jul-22 | Initial | A- | A2 | Stable | - |
| 353 | Jamal Pipe Industries (Pvt.) Limited Press Release | Report | History |
Steel | Entity | 15-Jul-22 | Maintain | BBB | A2 | Stable | - |
| 354 | TPL Corp Limited | PPTFC | Jun-22 Press Release | Report | History |
Holding Company | Debt Instrument | 14-Jul-22 | Initial | AA- | Stable | - | |
| 355 | TPL Corp Limited | PP Sukuk | Jun-22 Press Release | Report | History |
Holding Company | Debt Instrument | 14-Jul-22 | Initial | AA- | Stable | - | |
| 356 | Steelex (Pvt.) Limited Press Release | Report | History |
Steel | Entity | 14-Jul-22 | Initial | BBB- | A2 | Stable | - |
| 357 | Liberty Mills Limited Press Release | Report | History |
Composite | Entity | 09-Jul-22 | Maintain | A+ | A1 | Stable | - |
| 358 | Askari Life Assurance Company Limited Press Release | Report | History |
Life Insurance | IFS | 07-Jul-22 | Maintain | A (ifs) | Stable | - | |
| 359 | Pak Elektron Limited Press Release | Report | History |
Household Appliances | Entity | 06-Jul-22 | Maintain | A+ | A1 | Stable | - |
| 360 | Amreli Steels Limited Press Release | Report | History |
Steel | Entity | 05-Jul-22 | Maintain | A- | A2 | Stable | - |
| 361 | Engro Elengy Terminal (Private) Limited Press Release | Report | History |
Distribution | Gas | Entity | 04-Jul-22 | Maintain | AA- | A1 | Stable | - |
| 362 | Yunus Textile Mills Limited Press Release | Report | History |
Composite | Entity | 30-Jun-22 | Initial | AA- | A1+ | Stable | - |
| 363 | AKD Investment Management Limited Press Release | Report | History |
Asset Managers | Asset Manager | 30-Jun-22 | Maintain | AM3++ | Positive | - | |
| 364 | Kohat Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 30-Jun-22 | Maintain | A- | A2 | Stable | - |
| 365 | Tata Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 30-Jun-22 | Upgrade | A | A1 | Stable | - |
| 366 | Pak-Qatar Family Takaful Limited Press Release | Report | History |
Life Insurance | IFS | 30-Jun-22 | Maintain | A++ (ifs) | Stable | - | |
| 367 | Saif Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 30-Jun-22 | Maintain | A- | A2 | Stable | - |
| 368 | Trans World Enterprise Services (Pvt.) Limited Press Release | Report | History |
Communication | Entity | 30-Jun-22 | Initial | BBB | A2 | Stable | - |
| 369 | Cordoba Logistics & Ventures Limited Press Release | Report | History |
Trucks & Buses | Entity | 30-Jun-22 | Initial | BBB- | A2 | Stable | - |
| 370 | GuarantCo Limited Press Release | Report | History |
Credit Guarantee Institutions | Entity | 30-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 371 | JS Investments Limited | RMR Press Release | Report | History |
Real Estate | REIT Manager Rating | 30-Jun-22 | Initial | RM 3 | Stable | - | |
| 372 | Bank AL Habib Limited | Tier-II TFC (TFC-VII) Press Release | Report | History |
Commercial Bank | Debt Instrument | 29-Jun-22 | Maintain | AAA | Stable | - | |
| 373 | IGI Life Insurance Company Press Release | Report | History |
Life Insurance | IFS | 29-Jun-22 | Maintain | A++ (ifs) | Stable | - | |
| 374 | Suzuki Islamabad Motors Press Release | Report | History |
Passenger Cars | Entity | 29-Jun-22 | Initial | BBB- | A3 | Stable | - |
| 375 | TPL Life Insurance Company Limited Press Release | Report | History |
Life Insurance | IFS | 29-Jun-22 | Maintain | A (ifs) | Stable | - | |
| 376 | Bank Alfalah Limited | Additional Tier 1 TFC | 7bln Press Release | Report | History |
Commercial Bank | Debt Instrument | 29-Jun-22 | Initial | AA- | Stable | - | |
| 377 | Adamjee Life Assurance Company Limited Press Release | Report | History |
Life Insurance | IFS | 29-Jun-22 | Maintain | A++ (ifs) | Stable | - | |
| 378 | Pakistan Kuwait Investment Company (Pvt.) Limited Press Release | Report | History |
DFIs | Entity | 29-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 379 | K-Electric Limited Press Release | Report | History |
Distribution | Electricity | Entity | 29-Jun-22 | Maintain | AA | A1+ | Stable | - |
| 380 | Dawood Family Takaful Limited Press Release | Report | History |
Life Insurance | IFS | 29-Jun-22 | Maintain | A+ (ifs) | Stable | - | |
| 381 | Bank AL Habib Limited | Tier II TFC VIII | Sep-21 Press Release | Report | History |
Commercial Bank | Debt Instrument | 29-Jun-22 | Maintain | AAA | Stable | - | |
| 382 | Bank AL Habib Limited | Tier-I | TFC IX | Apr-22 Press Release | Report | History |
Commercial Bank | Debt Instrument | 29-Jun-22 | Initial | AA+ | Stable | - | |
| 383 | Bank AL Habib Limited | Tier-I | TFC VI | Dec-17 Press Release | Report | History |
Commercial Bank | Debt Instrument | 29-Jun-22 | Maintain | AA+ | Stable | - | |
| 384 | First Women Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 28-Jun-22 | Maintain | A- | A2 | Developing | Yes |
| 385 | Faysal Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AA | A1+ | Stable | - |
| 386 | Mahmood Textile Mills Limited Press Release | Report | History |
Composite | Entity | 25-Jun-22 | Maintain | A- | A2 | Stable | - |
| 387 | Pakistan Microfinance Investment Company Limited Press Release | Report | History |
DFIs | Entity | 25-Jun-22 | Maintain | AA | A1+ | Stable | Yes |
| 388 | Standard Chartered Bank (Pakistan) Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 389 | Engro Corporation Limited Press Release | Report | History |
Holding Company | Entity | 25-Jun-22 | Maintain | AA+ | A1+ | Stable | - |
| 390 | Roomi Fabrics Limited Press Release | Report | History |
Composite | Entity | 25-Jun-22 | Maintain | A- | A2 | Stable | - |
| 391 | Soneri Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AA- | A1+ | Stable | - |
| 392 | Askari Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AA+ | A1+ | Stable | - |
| 393 | BankIslami Pakistan Limited | Modaraba Sukuk Press Release | Report | History |
Commercial Bank | Debt Instrument | 25-Jun-22 | Maintain | A- | Positive | - | |
| 394 | Pak-Libya Holding Company (Pvt.) Limited Press Release | Report | History |
DFIs | Entity | 25-Jun-22 | Maintain | AA- | A1+ | Positive | - |
| 395 | Dawood Hercules Corporation Limited Press Release | Report | History |
Holding Company | Entity | 25-Jun-22 | Maintain | AA | A1+ | Stable | - |
| 396 | National Bank of Pakistan Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 397 | Habib Metropolitan Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AA+ | A1+ | Stable | - |
| 398 | Bank AL Habib Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 399 | Bank Alfalah Limited Press Release | Report | History |
Commercial Bank | Entity | 25-Jun-22 | Maintain | AA+ | A1+ | Stable | - |
| 400 | PAIR Investment Company Limited Press Release | Report | History |
DFIs | Entity | 25-Jun-22 | Maintain | AA | A1+ | Stable | - |
| 401 | Soneri Bank Limited | Tier 1 TFC Press Release | Report | History |
Commercial Bank | Debt Instrument | 25-Jun-22 | Maintain | A | Stable | - | |
| 402 | Abbasi and Company (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 24-Jun-22 | Maintain | BFR 2 | Stable | - | |
| 403 | BankIslami Pakistan Limited Press Release | Report | History |
Commercial Bank | Entity | 24-Jun-22 | Maintain | A+ | A1 | Positive | - |
| 404 | Siddiqsons Limited Press Release | Report | History |
Composite | Entity | 24-Jun-22 | Maintain | A- | A1 | Stable | - |
| 405 | Nishat Hotels and Properties Ltd Press Release | Report | History |
Hotel & Retail Industry | Entity | 24-Jun-22 | Maintain | A- | A2 | Stable | - |
| 406 | Abbasi and Company (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 24-Jun-22 | Maintain | BMR2 | Stable | - | |
| 407 | JS Bank Limited | PPTFC | Dec-21 Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | A+ | Stable | - | |
| 408 | E-Vision Manufacturing Limited Press Release | Report | History |
Polyester | Entity | 24-Jun-22 | Maintain | BBB | A2 | Positive | - |
| 409 | Meezan Plastic Industries (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 24-Jun-22 | Initial | BB | A3 | Stable | - |
| 410 | Pioneer Cement Limited Press Release | Report | History |
Cement | Entity | 24-Jun-22 | Maintain | A | A2 | Negative | - |
| 411 | Cedar Capital (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 24-Jun-22 | Maintain | BFR 3 | Stable | - | |
| 412 | JS Bank Limited | TFC II Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | A+ | Stable | - | |
| 413 | The Bank of Punjab | TFC I | Dec-16 Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | AA | Stable | - | |
| 414 | BMA Asset Management Company Limited | Investment Advisor Rating Press Release | Report | History |
Asset Managers | Investment Advisor Rating | 24-Jun-22 | Initial | AM3++ (ia) | Stable | - | |
| 415 | Askari Bank Limited | Tier-II TFC (TFC-VII) Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | AA | Stable | - | |
| 416 | Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18 Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | AA- | Stable | - | |
| 417 | JS Bank Limited | TFC Tier 1 Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | A | Stable | - | |
| 418 | The Bank of Punjab | TFC II | April-18 Press Release | Report | History |
Commercial Bank | Debt Instrument | 24-Jun-22 | Maintain | AA | Stable | - | |
| 419 | Al Meezan Investment Management Limited Press Release | Report | History |
Asset Managers | Asset Manager | 23-Jun-22 | Maintain | AM1 | Stable | - | |
| 420 | ACT Wind (Pvt.) Limited Press Release | Report | History |
Power | Entity | 23-Jun-22 | Upgrade | A+ | A1 | Stable | - |
| 421 | MCB Islamic Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 23-Jun-22 | Maintain | A | A1 | Stable | - |
| 422 | MCB Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 23-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 423 | Allied Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 23-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 424 | JS Bank Limited Press Release | Report | History |
Commercial Bank | Entity | 23-Jun-22 | Maintain | AA- | A1+ | Stable | - |
| 425 | Master Green Energy Limited Press Release | Report | History |
Power | Entity | 22-Jun-22 | Maintain | A | A1 | Developing | Yes |
| 426 | Meskay & Femtee Trading Company (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 22-Jun-22 | Initial | A- | A2 | Stable | - |
| 427 | NBP Fund Management Limited Press Release | Report | History |
Asset Managers | Asset Manager | 22-Jun-22 | Maintain | AM1 | Stable | - | |
| 428 | Narowal Energy Limited Press Release | Report | History |
Power | Entity | 22-Jun-22 | Maintain | AA- | A1+ | Stable | - |
| 429 | The Hub Power Company Limited Press Release | Report | History |
Power | Entity | 21-Jun-22 | Maintain | AA+ | A1+ | Stable | - |
| 430 | The Bank of Punjab | Tier 2 | TFC-III | TBI Press Release | Report | History |
Commercial Bank | Debt Instrument | 21-Jun-22 | Preliminary | AA | Stable | - | |
| 431 | Olympia Chemicals Limited Press Release | Report | History |
Chemical | Entity | 20-Jun-22 | Maintain | A- | A1 | Stable | - |
| 432 | The Bank of Punjab Press Release | Report | History |
Commercial Bank | Entity | 18-Jun-22 | Maintain | AA+ | A1+ | Stable | - |
| 433 | EFU General Insurance Limited Press Release | Report | History |
General Insurance | IFS | 17-Jun-22 | Maintain | AA++ (ifs) | Stable | - | |
| 434 | Aslam Energy (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 17-Jun-22 | Maintain | BBB+ | A2 | Stable | - |
| 435 | Alfalah Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 17-Jun-22 | Maintain | AA+ (ifs) | Stable | - | |
| 436 | Flow Petroleum (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 17-Jun-22 | Maintain | BBB+ | A2 | Stable | - |
| 437 | Packages Limited Press Release | Report | History |
Holding Company | Entity | 16-Jun-22 | Maintain | AA | A1+ | Stable | - |
| 438 | Ghani Chemical Industries Limited Press Release | Report | History |
Industrial Gases | Entity | 14-Jun-22 | Maintain | A | A1 | Stable | - |
| 439 | AHM Securities (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 14-Jun-22 | Initial | BFR 3 | Stable | - | |
| 440 | AHM Securities (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 14-Jun-22 | Initial | BMR3+ | Stable | - | |
| 441 | Ismail Iqbal Securities (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 13-Jun-22 | Initial | BFR 3 | Stable | - | |
| 442 | Habib Metropolitan Financial Services Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 13-Jun-22 | Initial | BFR 3+ | Stable | - | |
| 443 | Pak-Arab Pipeline Company Limited Press Release | Report | History |
Pipeline Networks | Entity | 10-Jun-22 | Maintain | AAA | A1+ | Stable | - |
| 444 | Orient Power Company (Pvt.) Limited Press Release | Report | History |
Power | Entity | 10-Jun-22 | Initial | AA- | A1 | Stable | - |
| 445 | Avanceon Limited Press Release | Report | History |
Technology | Entity | 10-Jun-22 | Maintain | A- | A2 | Stable | - |
| 446 | LOTTE Kolson (Pvt.) Limited Press Release | Report | History |
Food Products | Entity | 09-Jun-22 | Maintain | A- | A2 | Stable | - |
| 447 | Pakistan Refinery Limited Press Release | Report | History |
Refineries | Entity | 09-Jun-22 | Maintain | A- | A2 | Stable | Yes |
| 448 | TPL Trakker Limited | Sukuk Press Release | Report | History |
Tracking Services | Debt Instrument | 07-Jun-22 | Maintain | A+ | - | Stable | - |
| 449 | Alfalah CLSA Securities (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 06-Jun-22 | Initial | BFR 2+ | Stable | - | |
| 450 | Hub Power Holdings Limited | Sukuk Press Release | Report | History |
Holding Company | Debt Instrument | 03-Jun-22 | Maintain | AA+ | - | Stable | - |
| 451 | Martin Dow Marker Limited Press Release | Report | History |
Pharmaceutical | Entity | 03-Jun-22 | Maintain | A+ | A1 | Stable | - |
| 452 | Reem Rice Mills (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 03-Jun-22 | Initial | A- | A2 | Stable | - |
| 453 | Gas & Oil Pakistan Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 03-Jun-22 | Maintain | A+ | A1 | Stable | - |
| 454 | Panther Tyres Limited Press Release | Report | History |
Tyres | Entity | 01-Jun-22 | Maintain | A | A1 | Stable | - |
| 455 | Aba Ali Habib Securities (Pvt.) Limited Press Release | Report | History |
Brokerage & Securities | Entity | 31-May-22 | Initial | A- | A2 | Stable | - |
| 456 | Lucky Tex Pakistan (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 27-May-22 | Initial | BBB | A2 | Stable | - |
| 457 | Attock Refinery Limited Press Release | Report | History |
Refineries | Entity | 27-May-22 | Maintain | AA | A1+ | Negative | Yes |
| 458 | National Refinery Limited Press Release | Report | History |
Refineries | Entity | 27-May-22 | Maintain | AA+ | A1+ | Negative | - |
| 459 | Berger Paints Pakistan Limited | PP Sukuk | Sep -21 Press Release | Report | History |
Chemical | Debt Instrument | 27-May-22 | Initial | A | Stable | - | |
| 460 | National Investment Trust Limited Press Release | Report | History |
Asset Managers | Asset Manager | 24-May-22 | Maintain | AM1 | Stable | - | |
| 461 | Entertainment Pakistan Limited Press Release | Report | History |
Real Estate | Entity | 23-May-22 | Initial | BB | A3 | Stable | - |
| 462 | Ziauddin University Press Release | Report | History |
Education | Entity | 23-May-22 | Initial | BBB | A2 | Stable | - |
| 463 | WAPDA Dasu Sukuk-C Press Release | Report | History |
Power | Debt Instrument | 20-May-22 | Preliminary | AAA | - | Stable | - |
| 464 | Samba Bank Limited | PPTFC Press Release | Report | History |
Commercial Bank | Debt Instrument | 20-May-22 | Maintain | AA- | Stable | - | |
| 465 | WAPDA Dasu TFC-C Press Release | Report | History |
Power | Debt Instrument | 20-May-22 | Preliminary | AAA | - | Stable | - |
| 466 | Pakistan Mobile Communications Limited Press Release | Report | History |
Communication | Entity | 20-May-22 | Maintain | AA | A1 | Stable | - |
| 467 | Hub Power Holdings Limited Press Release | Report | History |
Holding Company | Entity | 20-May-22 | Maintain | AA | A1+ | Stable | - |
| 468 | TPL Corp Limited Press Release | Report | History |
Holding Company | Entity | 18-May-22 | Maintain | A | A1 | Stable | - |
| 469 | Descon Oxychem Limited Press Release | Report | History |
Chemical | Entity | 17-May-22 | Upgrade | A+ | A1 | Stable | - |
| 470 | Mobilink Microfinance Bank Limited | PPTFC | TBI Press Release | Report | History |
Microfinance | Debt Instrument | 16-May-22 | Preliminary | A- | Stable | - | |
| 471 | Crown Textile Press Release | Report | History |
Composite | Entity | 16-May-22 | Initial | BBB- | A2 | Stable | - |
| 472 | TRAFCO Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 13-May-22 | Initial | BBB+ (ifs) | Stable | - | |
| 473 | H. Nizam Din & Sons (Pvt.) Limited Press Release | Report | History |
Relief | Entity | 13-May-22 | Initial | BBB+ | A2 | Stable | - |
| 474 | KTRADE Securities Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 12-May-22 | Upgrade | BFR 3++ | Stable | - | |
| 475 | Sitara Petroleum Service (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 11-May-22 | Maintain | A- | A2 | Stable | - |
| 476 | TPL Insurance Limited Press Release | Report | History |
General Insurance | IFS | 07-May-22 | Maintain | AA (ifs) | Stable | - | |
| 477 | Infra Zamin Pakistan Limited Press Release | Report | History |
Credit Guarantee Institutions | Entity | 02-May-22 | Maintain | AAA | A1+ | Stable | - |
| 478 | Nishat Mills Limited Press Release | Report | History |
Composite | Entity | 02-May-22 | Maintain | AA | A1+ | Stable | - |
| 479 | AL Textile (Pvt.) Limited Press Release | Report | History |
Spinning | Entity | 02-May-22 | Maintain | BBB | A2 | Stable | - |
| 480 | Sefam (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 02-May-22 | Maintain | A- | A2 | Positive | - |
| 481 | Mobilink Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 30-Apr-22 | Maintain | A | A1 | Positive | - |
| 482 | Telenor Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 30-Apr-22 | Downgrade | A | A1 | Stable | Yes |
| 483 | Apna Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 30-Apr-22 | Maintain | BBB+ | A3 | Negative | Yes |
| 484 | TPL Properties Limited Press Release | Report | History |
Real Estate | Entity | 29-Apr-22 | Maintain | A+ | A1 | Stable | - |
| 485 | Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History |
Brokerage & Securities | Entity | 29-Apr-22 | Maintain | A- | A1 | Stable | - |
| 486 | Alfalah CLSA Securities (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 29-Apr-22 | Maintain | BMR2+ | Stable | - | |
| 487 | Pakistan Synthetics Limited Press Release | Report | History |
Paper and Packaging | Entity | 29-Apr-22 | Upgrade | A- | A2 | Stable | - |
| 488 | Sadiq Poultry (Pvt.) Limited Press Release | Report | History |
Poultry | Entity | 29-Apr-22 | Maintain | BBB+ | A2 | Stable | - |
| 489 | Rustam Towel (Pvt.) Limited Press Release | Report | History |
Towel | Entity | 29-Apr-22 | Maintain | BBB | A2 | Stable | - |
| 490 | AGAHE Pakistan Press Release | Report | History |
Microfinance | Entity | 29-Apr-22 | Upgrade | BBB- | A3 | Stable | - |
| 491 | Flying Cement Company Limited Press Release | Report | History |
Cement | Entity | 29-Apr-22 | Maintain | A- | A2 | Stable | Yes |
| 492 | Mughal Iron & Steel Industries Limited | PP Sukuk Press Release | Report | History |
Steel | Debt Instrument | 28-Apr-22 | Maintain | A+ | - | Stable | - |
| 493 | Hawa Energy (Pvt.) Limited Press Release | Report | History |
Power | Entity | 27-Apr-22 | Initial | A | A1 | Stable | - |
| 494 | Jhimpir Power (Pvt.) Limited Press Release | Report | History |
Power | Entity | 27-Apr-22 | Initial | A | A1 | Stable | - |
| 495 | Diamond Tyres Limited Press Release | Report | History |
Tyres | Entity | 22-Apr-22 | Maintain | A- | A2 | Stable | - |
| 496 | Asif Rice Mills Press Release | Report | History |
Rice | Entity | 22-Apr-22 | Initial | BBB+ | A2 | Stable | - |
| 497 | New Horizon Computer Press Release | Report | History |
Technology | Entity | 22-Apr-22 | Initial | BB+ | A3 | Stable | - |
| 498 | Matracon Pakistan (Pvt.) Limited Press Release | Report | History |
Construction | Entity | 20-Apr-22 | Maintain | BBB | A2 | Stable | - |
| 499 | The United Insurance Company of Pakistan Limited Press Release | Report | History |
General Insurance | IFS | 19-Apr-22 | Maintain | AA+ (ifs) | Stable | - | |
| 500 | National Foods Limited Press Release | Report | History |
Food Products | Entity | 19-Apr-22 | Maintain | AA- | A1 | Stable | - |
| 501 | SPI Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 19-Apr-22 | Maintain | A+ (ifs) | Stable | Yes | |
| 502 | Pakistan Mortgage Refinance Company Limited | PP Sukuk Press Release | Report | History |
DFIs | Debt Instrument | 15-Apr-22 | Maintain | AAA | - | Stable | - |
| 503 | The Hub Power Company Limited | Sukuk Press Release | Report | History |
Power | Debt Instrument | 15-Apr-22 | Maintain | AA+ | - | Stable | - |
| 504 | FINCA Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 15-Apr-22 | Maintain | A | A1 | Negative | Yes |
| 505 | Reliance Cotton Spinning Mills Limited Press Release | Report | History |
Spinning | Entity | 14-Apr-22 | Initial | A- | A2 | Stable | - |
| 506 | Oasis Park Residencia Press Release | Report | History |
Real Estate | Project Grading | 13-Apr-22 | Upgrade | PG3+ | Stable | - | |
| 507 | Shahzad Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 13-Apr-22 | Upgrade | A- | A2 | Stable | - |
| 508 | Lucky Electric Power Company Limited Press Release | Report | History |
Power | Entity | 11-Apr-22 | Upgrade | AA | A1+ | Stable | - |
| 509 | Al-Abbas Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 11-Apr-22 | Maintain | A+ | A1 | Stable | - |
| 510 | SGM Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 08-Apr-22 | Maintain | BBB | A2 | Stable | - |
| 511 | Optimus Capital Management (Pvt.) Limited Press Release | Report | History |
Brokerage & Securities | Entity | 08-Apr-22 | Maintain | A- | A2 | Stable | - |
| 512 | Mehran Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 06-Apr-22 | Maintain | A- | A2 | Stable | - |
| 513 | SME Leasing Limited Press Release | Report | History |
Modaraba & NBFCs | Entity | 06-Apr-22 | Maintain | B- | A4 | Negative | Yes |
| 514 | Popular Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 05-Apr-22 | Maintain | BBB+ | A2 | Stable | - |
| 515 | Jauharabad Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 05-Apr-22 | Maintain | BBB+ | A2 | Stable | - |
| 516 | First Capital Investments Limited Press Release | Report | History |
Asset Managers | Asset Manager | 05-Apr-22 | Maintain | AM4++ | Stable | - | |
| 517 | Noon Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 05-Apr-22 | Maintain | BBB+ | A2 | Stable | - |
| 518 | Mirpurkhas Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 05-Apr-22 | Maintain | A- | A2 | Stable | - |
| 519 | Quaid-e-Azam Solar Power (Pvt.) Limited Press Release | Report | History |
Power | Entity | 04-Apr-22 | Initial | AA | A1+ | Stable | - |
| 520 | Gharibwal Cement Limited Press Release | Report | History |
Cement | Entity | 01-Apr-22 | Maintain | A | A2 | Stable | - |
| 521 | Crescent Star Insurance Limited Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | A (ifs) | Stable | Yes | |
| 522 | Welcon Chemicals (Pvt.) Limited Press Release | Report | History |
Pesticides | Entity | 31-Mar-22 | Maintain | BBB- | A3 | Stable | - |
| 523 | Askari General Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | AA+ (ifs) | Stable | - | |
| 524 | Jinn Petroleum (Pvt.) Limited Press Release | Report | History |
Oil Marketing Companies | Entity | 31-Mar-22 | Initial | BBB | A2 | Stable | - |
| 525 | Zafar Securities (Pvt.) Limited | BFR Press Release | Report | History |
Brokerage & Securities | BFR | 31-Mar-22 | Initial | BFR 3+ | Stable | - | |
| 526 | Pak Qatar General Takaful Limited Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | A+ (ifs) | Stable | - | |
| 527 | IGI General Insurance Limited Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | AA+ (ifs) | Stable | - | |
| 528 | Sindh Insurance Limited Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | A++ (ifs) | Stable | - | |
| 529 | Salaam Takaful Limited (Formerly: Takaful Pakistan Limited) Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | A++ (ifs) | Stable | - | |
| 530 | Sargodha Jute Mills Limited Press Release | Report | History |
Jute | Entity | 31-Mar-22 | Maintain | A- | A2 | Stable | - |
| 531 | Adamjee Insurance Company Limited Press Release | Report | History |
General Insurance | IFS | 31-Mar-22 | Harmonize | AA++ (ifs) | Stable | - | |
| 532 | Warble (Pvt.) Limited Press Release | Report | History |
Pesticides | Entity | 31-Mar-22 | Maintain | BBB- | A3 | Stable | - |
| 533 | Ultra Pack (Pvt.) Limited Press Release | Report | History |
Paper and Packaging | Entity | 30-Mar-22 | Initial | BBB | A2 | Stable | - |
| 534 | Khawaja Tanneries (Pvt.) Limited Press Release | Report | History |
Entity | 30-Mar-22 | Initial | BBB | A2 | Stable | - | |
| 535 | Masood Fabrics Limited Press Release | Report | History |
Composite | Entity | 30-Mar-22 | Maintain | A- | A2 | Stable | - |
| 536 | Sindh Microfinance Bank Limited Press Release | Report | History |
Microfinance | Entity | 29-Mar-22 | Maintain | A- | A2 | Stable | - |
| 537 | JWS Pakistan Press Release | Report | History |
Microfinance | Entity | 28-Mar-22 | Upgrade | BBB | A3 | Stable | - |
| 538 | SAFCO Support Foundation Press Release | Report | History |
Microfinance | Entity | 28-Mar-22 | Maintain | BBB | A3 | Stable | - |
| 539 | Escorts Investment Bank Limited Press Release | Report | History |
Modaraba & NBFCs | Entity | 25-Mar-22 | Maintain | A- | A2 | Developing | Yes |
| 540 | Fecto Cement Limited Press Release | Report | History |
Cement | Entity | 25-Mar-22 | Maintain | A- | A2 | Stable | Yes |
| 541 | Kohinoor Energy Limited Press Release | Report | History |
Power | Entity | 25-Mar-22 | Maintain | AA | A1+ | Stable | - |
| 542 | Modaraba Al-Mali Press Release | Report | History |
Modaraba & NBFCs | Entity | 25-Mar-22 | Maintain | BBB+ | A2 | Developing | Yes |
| 543 | Pakistan Services Limited Press Release | Report | History |
Hotel & Retail Industry | Entity | 24-Mar-22 | Maintain | A | A1 | Developing | Yes |
| 544 | Pakistan Services Limited | Sukuk | Mar-18 Press Release | Report | History |
Hotel & Retail Industry | Debt Instrument | 24-Mar-22 | Maintain | A | - | Developing | Yes |
| 545 | Saif Power Limited Press Release | Report | History |
Power | Entity | 22-Mar-22 | Upgrade | AA- | A1 | Stable | - |
| 546 | Halmore Power Generation Company Limited Press Release | Report | History |
Power | Entity | 22-Mar-22 | Upgrade | AA- | A1 | Stable | - |
| 547 | Maksons Textile (Pvt.) Limited Press Release | Report | History |
Weaving | Entity | 18-Mar-22 | Maintain | BBB- | A2 | Stable | - |
| 548 | Descon Engineering Limited Press Release | Report | History |
Construction | Entity | 18-Mar-22 | Maintain | AA- | A1 | Stable | - |
| 549 | Unicol Limited Press Release | Report | History |
Sugar | Entity | 18-Mar-22 | Maintain | A | A1 | Stable | - |
| 550 | Mehmooda Maqbool Mills Limited Press Release | Report | History |
Edible Oil | Entity | 18-Mar-22 | Initial | BBB | A2 | Stable | - |
| 551 | Qadir Agro Industries (Pvt.) Limited Press Release | Report | History |
Edible Oil | Entity | 18-Mar-22 | Initial | BB+ | A3 | Stable | - |
| 552 | Hunza Sugar Mills (Pvt.) Limited Press Release | Report | History |
Sugar | Entity | 16-Mar-22 | Upgrade | BBB+ | A2 | Stable | - |
| 553 | Pak Elektron Limited I PPCP I 1.2bln Press Release | Report | History |
Household Appliances | Debt Instrument | 16-Mar-22 | Initial | A+ | A1 | Stable | - |
| 554 | Reliance Petrochem Industries (Pvt.) Limited Press Release | Report | History |
Chemical | Entity | 16-Mar-22 | Maintain | BBB+ | A2 | Stable | - |
| 555 | Aba Ali Habib Securities (Pvt.) Limited | BMR Press Release | Report | History |
Brokerage & Securities | Broker Management | 15-Mar-22 | Initial | BMR2 | Stable | - | |
| 556 | Fauji Cement Company Limited Press Release | Report | History |
Cement | Entity | 15-Mar-22 | Initial | A+ | A1 | Stable | - |
| 557 | Pak Oman Asset Management Press Release | Report | History |
Asset Managers | Asset Manager | 11-Mar-22 | Maintain | AM3++ | Positive | - | |
| 558 | OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC) Press Release | Report | History |
Leasing / Housing | Debt Instrument | 08-Mar-22 | Initial | AA+ | - | Stable | - |
| 559 | Gul Ahmed Textile Mills Limited Press Release | Report | History |
Composite | Entity | 07-Mar-22 | Upgrade | A+ | A1 | Stable | - |
| 560 | US Apparel & Textiles (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 04-Mar-22 | Initial | A+ | A1 | Stable | - |
| 561 | Liberty Wind Power 1 Limited Press Release | Report | History |
Power | Entity | 04-Mar-22 | Maintain | A- | A2 | Stable | - |
| 562 | Brainchild Communications Pakistan (Pvt.) Limited Press Release | Report | History |
Media | Entity | 04-Mar-22 | Maintain | BBB+ | A2 | Stable | - |
| 563 | D.G. Khan Cement Company Limited Press Release | Report | History |
Cement | Entity | 04-Mar-22 | Maintain | AA- | A1+ | Stable | - |
| 564 | Gas & Oil Pakistan Limited | PP Sukuk Press Release | Report | History |
Oil Marketing Companies | Debt Instrument | 04-Mar-22 | Initial | AA- | - | Stable | - |
| 565 | Liberty Wind Power 2 Limited Press Release | Report | History |
Power | Entity | 04-Mar-22 | Maintain | A- | A2 | Stable | - |
| 566 | OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited) Press Release | Report | History |
Leasing / Housing | Entity | 03-Mar-22 | Maintain | AA+ | A1+ | Stable | - |
| 567 | Allawasaya Textile & Finishing Mills Limited Press Release | Report | History |
Spinning | Entity | 03-Mar-22 | Upgrade | BBB | A2 | Stable | - |
| 568 | OLP Modaraba (Formerly ORIX Modaraba) Press Release | Report | History |
Modaraba & NBFCs | Entity | 03-Mar-22 | Maintain | AA | A1+ | Stable | - |
| 569 | STS Oil Mills (Pvt.) Limited Press Release | Report | History |
Edible Oil | Entity | 03-Mar-22 | Initial | BB | A3 | Stable | - |
| 570 | Alfalah GHP Investment Management Limited Press Release | Report | History |
Asset Managers | Asset Manager | 03-Mar-22 | Maintain | AM2+ | Stable | - | |
| 571 | Masood Spinning Mills Limited Press Release | Report | History |
Spinning | Entity | 03-Mar-22 | Upgrade | A- | A2 | Stable | - |
| 572 | Ismail Construction Company (Pvt.) Limited Press Release | Report | History |
Construction | Entity | 03-Mar-22 | Initial | BBB- | A2 | Stable | - |
| 573 | Allawasaya Spinning Mills (Pvt) Limited Press Release | Report | History |
Spinning | Entity | 03-Mar-22 | Upgrade | BBB- | A3 | Stable | - |
| 574 | Basfa Textile (Pvt.) Limited Press Release | Report | History |
Spinning | Entity | 02-Mar-22 | Upgrade | BBB | A2 | Stable | - |
| 575 | Pakistan International Bulk Terminal Limited Press Release | Report | History |
Coal Mining and Trading | Entity | 26-Feb-22 | Maintain | A | A2 | Stable | - |
| 576 | Jadeed Feeds Industries (Pvt.) Limited Press Release | Report | History |
Poultry Feed | Entity | 25-Feb-22 | Maintain | A- | A2 | Stable | - |
| 577 | Sapphire Electric Company Limited Press Release | Report | History |
Power | Entity | 25-Feb-22 | Maintain | AA- | A1+ | Stable | - |
| 578 | Ahmed Fine Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 23-Feb-22 | Upgrade | A | A2 | Stable | - |
| 579 | Fazal Rehman Fabrics Limited Press Release | Report | History |
Weaving | Entity | 23-Feb-22 | Upgrade | A | A2 | Stable | - |
| 580 | Alhamd Corporation (Pvt.) Limited Press Release | Report | History |
Spinning | Entity | 22-Feb-22 | Initial | A- | A2 | Stable | - |
| 581 | Sindh Abadgars Sugar Mills Limited Press Release | Report | History |
Sugar | Entity | 21-Feb-22 | Maintain | BBB | A2 | Stable | - |
| 582 | Maqbool Textile Mills Limited Press Release | Report | History |
Spinning | Entity | 19-Feb-22 | Maintain | BBB+ | A2 | Stable | - |
| 583 | K.K. Rice Mills (Pvt.) Limited Press Release | Report | History |
Rice | Entity | 19-Feb-22 | Maintain | BBB | A2 | Stable | - |
| 584 | Gul Ahmed Electric Limited Press Release | Report | History |
Power | Entity | 18-Feb-22 | Maintain | A- | A2 | Stable | - |
| 585 | Nishat Paper Products Company Limited Press Release | Report | History |
Paper and Packaging | Entity | 17-Feb-22 | Maintain | A | A1 | Stable | - |
| 586 | Bank Alfalah Limited | TFCs | Series A Press Release | Report | History |
Commercial Bank | Debt Instrument | 16-Feb-22 | Maintain | AAA | - | Stable | - |
| 587 | Punjab Oil Mills Limited Press Release | Report | History |
Edible Oil | Entity | 11-Feb-22 | Maintain | BBB+ | A2 | Stable | - |
| 588 | Shujabad Agro Industries (Pvt.) Limited Press Release | Report | History |
Edible Oil | Entity | 11-Feb-22 | Maintain | A- | A2 | Stable | - |
| 589 | Jadeed Oil Extraction (Private) Limited Press Release | Report | History |
Edible Oil | Entity | 11-Feb-22 | Maintain | BBB- | A3 | Positive | - |
| 590 | EGAS (Pvt.) Limited Press Release | Report | History |
Distribution | Gas | Entity | 10-Feb-22 | Maintain | BBB | A2 | Stable | - |
| 591 | Ibrahim Fibres Limited Press Release | Report | History |
Polyester | Entity | 08-Feb-22 | Maintain | AA | A1+ | Stable | - |
| 592 | Denim-E (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 07-Feb-22 | Initial | BBB- | A2 | Stable | - |
| 593 | Zahir Khan & Brothers Press Release | Report | History |
Construction | Entity | 02-Feb-22 | Maintain | A | A2 | Stable | - |
| 594 | Sabirs' Vegetable Oils (Pvt.) Limited Press Release | Report | History |
Edible Oil | Entity | 02-Feb-22 | Initial | BBB- | A3 | Stable | - |
| 595 | Techno Time Construction (Pvt.) Limited Press Release | Report | History |
Construction | Entity | 31-Jan-22 | Initial | BBB | A2 | Stable | - |
| 596 | Jasons Commodities Press Release | Report | History |
Rice | Entity | 31-Jan-22 | Initial | BBB- | A2 | Stable | - |
| 597 | Sitara Heights (Pvt.) Limited Press Release | Report | History |
Real Estate | Entity | 31-Jan-22 | Initial | A- | A2 | Stable | - |
| 598 | Latif Textile Mills (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 28-Jan-22 | Initial | BBB- | A2 | Stable | - |
| 599 | Al Barka Fabrics (Pvt.) Limited Press Release | Report | History |
Composite | Entity | 28-Jan-22 | Initial | BBB+ | A2 | Stable | - |
| 600 | KAM International Press Release | Report | History |
Composite | Entity | 27-Jan-22 | Initial | A- | A2 | Stable | - |