Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 5,000 million | TBI
Press Release | Report | History
Infrastructure Debt Instrument 25-Jan-22 Preliminary AA- - Stable -
2 The Bank of Punjab | Additional Tier 1 Capital TFC | TBI
Press Release | Report | History
Banks Debt Instrument 07-Jan-22 Preliminary AA- - Stable -
3 Lucky Electric Power Company Limited | ICP-2 | TBI
Press Release | Report | History
Energy Debt Instrument 07-Jan-22 Preliminary AA- A1 Stable -
4 JS Global Capital Limited | CP | Nov-21
Press Release | Report | History
Capital Markets Debt Instrument 04-Jan-22 Initial AA A1+ Stable -
5 Pak Elektron Limited | PPCP | TBI
Press Release | Report | History
Consumers Goods & Services Debt Instrument 04-Jan-22 Preliminary A+ A1 Stable -
6 OILCO Petroleum (Pvt.) Limited | PP Sukuk | TBI
Press Release | Report | History
Energy Debt Instrument 29-Dec-21 Preliminary A+ - Stable -
7 Pak Elektron Limited | PP Sukuk
Press Release | Report | History
Consumers Goods & Services Debt Instrument 27-Dec-21 Initial A+ A1 Stable -
8 Cnergyico Pk Limited | PP Sukuk | TBI
Press Release | Report | History
Energy Debt Instrument 27-Dec-21 Preliminary A - Stable -
9 Lucky Electric Power Company Limited | ICP-1 | TBI
Press Release | Report | History
Energy Debt Instrument 24-Dec-21 Initial AA- A1 Stable -
10 ORIX Leasing Pakistan Limited | PPTFC | TBI
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 21-Dec-21 Preliminary AA+ - Stable -
11 U Microfinance Bank Limited | TFC | TBI
Press Release | Report | History
Banks Debt Instrument 20-Dec-21 Preliminary AA- - Stable -
12 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 17-Dec-21 Maintain AAA - Stable -
13 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 17-Dec-21 Maintain AAA - Stable -
14 JS Bank Limited | PPTFC | TBI
Press Release | Report | History
Banks Debt Instrument 17-Dec-21 Preliminary A+ - Stable -
15 Soneri Bank Limited | TFC II | Jul-15
Press Release | Report | History
Banks Debt Instrument 15-Dec-21 Maintain A+ - Stable -
16 K-Electric | ICP-22
Press Release | Report | History
Energy Debt Instrument 15-Dec-21 Initial AA A1+ Stable -
17 The Hub Power Company Limited | PPSTS | TBI
Press Release | Report | History
Energy Debt Instrument 13-Dec-21 Initial AA+ A1+ Stable -
18 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 03-Dec-21 Initial AA+ - Stable -
19 TPL Corp Limited | PPTFC | TBI
Press Release | Report | History
Holding Company Debt Instrument 30-Nov-21 Preliminary AA- - Stable -
20 K-Electric | ICP-21
Press Release | Report | History
Energy Debt Instrument 30-Nov-21 Initial AA A1+ Stable -
21 TPL Corp Limited | PP Sukuk
Press Release | Report | History
Holding Company Debt Instrument 30-Nov-21 Preliminary AA- - Stable -
22 K-Electric | CP-1
Press Release | Report | History
Energy Debt Instrument 30-Nov-21 Initial AA A1+ Stable -
23 Byco Petroleum Pakistan Limited | Sukuk | Jan-17
Press Release | Report | History
Energy Debt Instrument 26-Nov-21 Maintain AAA - Stable -
24 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 23-Nov-21 Initial AAA - Stable -
25 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 18-Nov-21 Initial AAA - Stable -
26 AGP Limited | Sukuk | Jun-17
Press Release | Report | History
Pharma and Chemicals Debt Instrument 26-Oct-21 Maintain A+ - Stable -
27 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 27-Sep-21 Initial A- - Stable -
28 Kashf Foundation | PPTFC
Press Release | Report | History
Banks Debt Instrument 25-Sep-21 Maintain A - Stable Yes
29 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 16-Sep-21 Initial A - Stable -
30 The Hub Power Company Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 27-Aug-21 Maintain AA+ - Stable -
31 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 27-Aug-21 Maintain A - Stable -
32 TPL Corp Limited | PPCP
Press Release | Report | History
Holding Company Debt Instrument 27-Aug-21 Initial A A1 Stable -
33 U Microfinance Bank Limited | TFC
Press Release | Report | History
Banks Debt Instrument 18-Aug-21 Initial AA- - Stable -
34 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Pharma and Chemicals Debt Instrument 11-Aug-21 Upgrade A Stable -
35 Jahangir Siddiqui & Co. Ltd. | TFC XI | Mar-18
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-21 Maintain AA+ Stable -
36 Pak Arab Fertilizers Limited | TFC
Press Release | Report | History
Agriculture & Allied Debt Instrument 05-Aug-21 Maintain A- Developing Yes
37 Jahangir Siddiqui & Co. Ltd. | TFC X | Jul-17
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-21 Maintain AA+ Stable -
38 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 26-Jul-21 Preliminary AA- - Stable -
39 Engro Polymer & Chemicals Limited | Sukuk | Jan 19
Press Release | Report | History
Pharma and Chemicals Debt Instrument 18-Jul-21 Maintain AA - Stable -
40 TPL Trakker Limited | Sukuk-I | May-16
Press Release | Report | History
Logistics Debt Instrument 02-Jul-21 Maintain A+ - Stable -
41 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 29-Jun-21 Upgrade AA+ - Stable -
42 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 29-Jun-21 Upgrade AA - Stable -
43 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Upgrade AA - Stable -
44 JS Bank Limited | PPTFC | Dec-16
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain A+ - Stable -
45 JS Bank Limited | TFC II
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain A+ - Stable -
46 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain AA- - Stable -
47 The Bank of Punjab | TFC I | Dec-16
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Upgrade AA - Stable -
48 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain A - Stable -
49 BankIslami Pakistan Limited | Modaraba Sukuk
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain A- - Stable -
50 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain AA - Stable -
51 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 25-Jun-21 Maintain A - Stable -
52 Ghani Chemical Industries Limited | ICP
Press Release | Report | History
Pharma and Chemicals Debt Instrument 24-Jun-21 Preliminary A A1 Stable -
53 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 07-Jun-21 Initial A+ - Stable -
54 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 04-Jun-21 Maintain AA+ - Stable -
55 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 21-May-21 Initial AA- - Stable -
56 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 28-Apr-21 Initial A+ - Stable -
57 Pakistan Mortgage Refinance Company Limited | PP Sukuk
Press Release | Report | History
Development Institutions Debt Instrument 16-Apr-21 Initial AAA - Stable -
58 The Hub Power Company Limited | Sukuk
Press Release | Report | History
Energy Debt Instrument 16-Apr-21 Maintain AA+ - Stable -
59 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 24-Mar-21 Maintain A - Negative Yes
60 Bank Alfalah Limited | TFCs | Series A
Press Release | Report | History
Banks Debt Instrument 16-Feb-21 Initial AAA - Stable -