Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 K-Electric | PPSTS-12 | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 08-Dec-22 Preliminary AA A1+ Stable -
2 K-Electric | PPSTS-11 | PKR 5bln | Oct-22
Press Release | Report | History
Energy Debt Instrument 08-Dec-22 Initial AA A1+ Stable -
3 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | TBI
Press Release | Report | History
Banks Debt Instrument 08-Dec-22 Preliminary AAA Stable -
4 Lucky Electric Power Company Limited | PPSTS-6 | PKR 7bln | TBI
Press Release | Report | History
Energy Debt Instrument 05-Dec-22 Preliminary AA A1+ Stable -
5 Byco Petroleum Pakistan Limited | Sukuk | Jan-17
Press Release | Report | History
Energy Debt Instrument 25-Nov-22 Maintain AAA - Stable -
6 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 23-Nov-22 Maintain AAA - Stable -
7 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 18-Nov-22 Maintain AAA - Stable -
8 Soneri Bank Limited | Tier 2 Capital TFC | TBI
Press Release | Report | History
Banks Debt Instrument 14-Nov-22 Preliminary A+ Stable -
9 China Power Hub Generation Company (Pvt.) Limited | PPSTS-2 | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 28-Oct-22 Preliminary AA+ A1+ Stable -
10 Lucky Electric Power Company Limited | PPCP-2 | PKR 6bln | Nov-22
Press Release | Report | History
Energy Debt Instrument 27-Oct-22 Preliminary AA A1+ Stable -
11 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 26-Oct-22 Maintain A- Negative Yes
12 Nishat Mills Limited | PPSTS
Press Release | Report | History
Textile Debt Instrument 10-Oct-22 Preliminary AA A1+ Stable -
13 Lucky Electric Power Company Limited | PPSTS-5 | PKR 7bln | Oct-22
Press Release | Report | History
Energy Debt Instrument 07-Oct-22 Preliminary AA A1+ Stable -
14 Loads Limited | ICP-1 | TBI
Press Release | Report | History
Auto and Allied Debt Instrument 27-Sep-22 Preliminary A A1 Stable -
15 Lucky Electric Power Company Limited | PPSTS-4 | PKR 5bln | Sep-22
Press Release | Report | History
Energy Debt Instrument 27-Sep-22 Preliminary AA A1+ Stable -
16 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 10bln (Inclusive of PKR 3bln Green Shoe Option)
Press Release | Report | History
Banks Debt Instrument 26-Sep-22 Preliminary AA- - Stable -
17 Kashf Foundation | PPTFC
Press Release | Report | History
Banks Debt Instrument 24-Sep-22 Maintain A - Stable -
18 The Hub Power Company Limited | PPSTS | 4.5bln | Apr-22
Press Release | Report | History
Energy Debt Instrument 09-Sep-22 Initial AA+ A1+ Stable -
19 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Banks Debt Instrument 07-Sep-22 Initial A- - Stable -
20 Lucky Electric Power Company Limited | PPSTS-2 | PKR 7bln | Jun-22
Press Release | Report | History
Energy Debt Instrument 06-Sep-22 Initial AA A1+ Stable -
21 Lucky Electric Power Company Limited | PPSTS-3 | PKR 5bln | Jul-22
Press Release | Report | History
Energy Debt Instrument 06-Sep-22 Initial AA A1+ Stable -
22 Lucky Electric Power Company Limited | PPCP | PKR 6bln | May-22
Press Release | Report | History
Energy Debt Instrument 06-Sep-22 Initial AA A1+ Stable -
23 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 02-Sep-22 Initial AA- - Stable -
24 K-Electric | PPSTS-6 | PKR 5bln | Apr-22
Press Release | Report | History
Energy Debt Instrument 31-Aug-22 Initial AA A1+ Stable -
25 K-Electric | PPSTS-7 | PKR 5bln | Aug-22
Press Release | Report | History
Energy Debt Instrument 31-Aug-22 Initial AA A1+ Stable -
26 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 27-Aug-22 Upgrade AA- - Stable -
27 The Hub Power Company Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 26-Aug-22 Maintain AA+ - Stable -
28 China Power Hub Generation Company (Pvt.) Limited | PPSTS | PKR 8bln | Jul-22
Press Release | Report | History
Energy Debt Instrument 22-Aug-22 Initial AA+ A1+ Stable -
29 U Microfinance Bank Limited | TFC
Press Release | Report | History
Banks Debt Instrument 18-Aug-22 Maintain AA- - Stable -
30 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Pharma and Chemicals Debt Instrument 11-Aug-22 Maintain A - Stable -
31 Jahangir Siddiqui & Co. Ltd. | TFC X | Jul-17
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-22 Maintain AA+ - Stable -
32 Jahangir Siddiqui & Co. Ltd. | TFC XI | Mar-18
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-22 Maintain AA+ - Stable -
33 Engro Polymer & Chemicals Limited | Sukuk | Jan 19
Press Release | Report | History
Pharma and Chemicals Debt Instrument 18-Jul-22 Maintain AA - Stable -
34 BankIslami Pakistan Limited | Modaraba Sukuk | Additional Tier 1 | TBI
Press Release | Report | History
Banks Debt Instrument 15-Jul-22 Preliminary A- - Positive -
35 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-22 Initial AA- - Stable -
36 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-22 Initial AA- - Stable -
37 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Initial AA- - Stable -
38 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Initial AA+ Stable -
39 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Maintain AAA Stable -
40 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Maintain AA+ Stable -
41 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Maintain AAA Stable -
42 Soneri Bank Limited | TFC II | Jul-15
Press Release | Report | History
Banks Debt Instrument 25-Jun-22 Maintain A+ Stable -
43 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 25-Jun-22 Maintain A Stable -
44 BankIslami Pakistan Limited | Modaraba Sukuk
Press Release | Report | History
Banks Debt Instrument 25-Jun-22 Maintain A- - Positive -
45 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain A+ Stable -
46 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA- Stable -
47 JS Bank Limited | TFC II
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain A+ Stable -
48 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain A Stable -
49 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA Stable -
50 The Bank of Punjab | TFC I | Dec-16
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA Stable -
51 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA Stable -
52 The Bank of Punjab | Tier 2 | TFC-III | TBI
Press Release | Report | History
Banks Debt Instrument 21-Jun-22 Preliminary AA - Stable -
53 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 07-Jun-22 Maintain A+ - Stable -
54 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 03-Jun-22 Maintain AA+ - Stable -
55 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 27-May-22 Initial A Stable -
56 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 20-May-22 Maintain AA- Stable -
57 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 20-May-22 Preliminary AAA - Stable -
58 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 20-May-22 Preliminary AAA - Stable -
59 Mobilink Microfinance Bank Limited | PPTFC | TBI
Press Release | Report | History
Banks Debt Instrument 16-May-22 Preliminary A- Stable -
60 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 28-Apr-22 Maintain A+ - Stable -
61 The Hub Power Company Limited | Sukuk
Press Release | Report | History
Energy Debt Instrument 15-Apr-22 Maintain AA+ - Stable -
62 Pakistan Mortgage Refinance Company Limited | PP Sukuk
Press Release | Report | History
Development Institutions Debt Instrument 15-Apr-22 Maintain AAA - Stable -
63 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 24-Mar-22 Maintain A - Developing Yes
64 Pak Elektron Limited I PPCP I 1.2bln
Press Release | Report | History
Consumers Goods & Services Debt Instrument 16-Mar-22 Initial A+ A1 Stable -
65 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 08-Mar-22 Initial AA+ - Stable -
66 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 04-Mar-22 Initial AA- - Stable -
67 Bank Alfalah Limited | TFCs | Series A
Press Release | Report | History
Banks Debt Instrument 16-Feb-22 Maintain AAA - Stable -
68 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 5bln | TBI
Press Release | Report | History
Infrastructure Debt Instrument 25-Jan-22 Preliminary AA- - Stable -
69 OILCO Petroleum (Pvt.) Limited | PP Sukuk | TBI
Press Release | Report | History
Energy Debt Instrument 29-Dec-21 Preliminary A+ - Stable -
70 Pak Elektron Limited | PP Sukuk
Press Release | Report | History
Consumers Goods & Services Debt Instrument 27-Dec-21 Initial A+ A1 Stable -
71 Cnergyico Pk Limited | PP Sukuk | TBI
Press Release | Report | History
Energy Debt Instrument 27-Dec-21 Preliminary A - Stable -
72 U Microfinance Bank Limited | TFC | TBI
Press Release | Report | History
Banks Debt Instrument 20-Dec-21 Preliminary AA- - Stable -
73 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 17-Dec-21 Maintain AAA - Stable -
74 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 17-Dec-21 Maintain AAA - Stable -