Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Ghani Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Jun-24 Maintain A Stable -
2 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jun-24 Maintain BBB- Positive -
3 Masood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 12-Jun-24 Initial A Stable -
4 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Maintain A Stable Yes
5 Pakistan Refinery Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Upgrade A Stable -
6 Pioneer Cement Limited
Press Release | Report | History
Infrastructure Entity 07-Jun-24 Maintain A Stable -
7 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Maintain AA- Stable -
8 Nishat Hotels and Properties Ltd
Press Release | Report | History
Consumers Goods & Services Entity 07-Jun-24 Upgrade A Stable -
9 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 05-Jun-24 Initial A Stable -
10 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 03-Jun-24 Maintain A Stable -
11 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Logistics Entity 01-Jun-24 Maintain AAA Stable -
12 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 31-May-24 Initial BBB+ Stable -
13 Martin Dow Marker Limited
Press Release | Report | History
Pharma and Chemicals Entity 31-May-24 Maintain A+ Stable -
14 Gas & Oil Pakistan Limited
Press Release | Report | History
Energy Entity 31-May-24 Maintain A+ Developing Yes
15 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 31-May-24 Maintain AA+ Stable -
16 ThalNova Power Thar (Pvt.) Limited | PPSTS | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 31-May-24 Preliminary AA- Stable -
17 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-May-24 Maintain A- Stable Yes
18 Panther Tyres Limited
Press Release | Report | History
Auto and Allied Entity 29-May-24 Maintain A Stable -
19 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | Apr-24
Press Release | Report | History
Communication Debt Instrument 29-May-24 Initial AA Stable -
20 Olympia Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 27-May-24 Upgrade A Stable -
21 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 27-May-24 Maintain A- Stable Yes
22 Master Green Energy Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain A Stable -
23 Attock Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain AA Stable -
24 National Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Downgrade AA Stable Yes
25 Pak Elektron Limited | PPSTS | PKR 2bln | March-24
Press Release | Report | History
Consumers Goods & Services Debt Instrument 24-May-24 Initial A+ Stable -
26 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 24-May-24 Maintain A Stable -
27 Ziauddin University
Press Release | Report | History
Consumers Goods & Services Entity 23-May-24 Maintain BBB Stable -
28 Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | Apr-24
Press Release | Report | History
Infrastructure Debt Instrument 23-May-24 Initial A+ Stable -
29 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 21-May-24 Maintain A+ Stable -
30 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain A Stable -
31 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
32 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
33 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
34 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
35 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain AA Stable -
36 Pakistan Mobile Communications Limited
Press Release | Report | History
Communication Entity 17-May-24 Maintain AA Stable -
37 Descon Oxychem Limited
Press Release | Report | History
Pharma and Chemicals Entity 17-May-24 Maintain A+ Stable -
38 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 16-May-24 Maintain AA- Stable -
39 Entertainment Pakistan Limited
Press Release | Report | History
Infrastructure Entity 16-May-24 Maintain BB Stable -
40 NRSP Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-May-24 Maintain A- Stable Yes
41 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 15-May-24 Maintain A- Stable Yes
42 Crown Textile
Press Release | Report | History
Textile & Allied Entity 14-May-24 Maintain BBB- Stable -
43 Secure Logistics Group Limited
Press Release | Report | History
Auto and Allied Entity 14-May-24 Upgrade A+ Stable -
44 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-May-24 Maintain A- Stable -
45 Amreli Steels Limited
Press Release | Report | History
Infrastructure Entity 10-May-24 Downgrade BBB Stable Yes
46 Sitara Petroleum Service Limited
Press Release | Report | History
Energy Entity 10-May-24 Maintain A- Stable -
47 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 10-May-24 Maintain BBB- Positive -
48 Airlink Communication Limited | PPSTS-I | PKR 3bln | Mar-24
Press Release | Report | History
Communication Debt Instrument 09-May-24 Maintain A+ Stable -
49 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Banks Debt Instrument 03-May-24 Initial A Stable -
50 Nishat Mills Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain AA Stable -
51 Infra Zamin Pakistan Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 02-May-24 Maintain AAA Stable -
52 Sefam (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain A- Stable Yes
53 AL Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain BBB Stable Yes
54 Ismail Industries Limited | PPSTS | PKR 4bln | Feb 24
Press Release | Report | History
Food and Allied Debt Instrument 30-Apr-24 Initial A+ Stable -
55 Mobilink Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable -
56 K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar’24
Press Release | Report | History
Energy Debt Instrument 30-Apr-24 Initial AA Stable -
57 Telenor Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable Yes
58 K-Electric Limited | PPSTS-23 | PKR 5bln | Feb’24
Press Release | Report | History
Energy Debt Instrument 30-Apr-24 Initial AA Stable -
59 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Banks Entity 29-Apr-24 Maintain BBB+ Positive -
60 Ismail Industries Limited | PPSTS | PKR 6bln | TBI
Press Release | Report | History
Food and Allied Debt Instrument 29-Apr-24 Preliminary A+ Stable -
61 The Hub Power Company Limited | PPSTS | PKR 6bln | May-24
Press Release | Report | History
Energy Debt Instrument 29-Apr-24 Preliminary AA+ Stable -
62 AGAHE Pakistan
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BBB- Positive -
63 TPL Properties Limited
Press Release | Report | History
Infrastructure Entity 26-Apr-24 Maintain A+ Stable -
64 Union Microfinance Company Limited
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BB+ Stable Yes
65 Pakistan Synthetics Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Apr-24 Maintain A- Stable -
66 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Apr-24 Maintain BBB Stable -
67 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 23-Apr-24 Maintain A- Stable Yes
68 New Horizon Computer
Press Release | Report | History
Engineering and Technology Entity 20-Apr-24 Maintain BB+ Stable -
69 Asif Rice Mills
Press Release | Report | History
Agriculture & Allied Entity 19-Apr-24 Maintain BBB+ Stable -
70 National Foods Limited
Press Release | Report | History
Food and Allied Entity 19-Apr-24 Maintain AA- Stable -
71 Flying Cement Company Limited
Press Release | Report | History
Infrastructure Entity 19-Apr-24 Maintain A- Stable Yes
72 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 15-Apr-24 Maintain A+ Stable -
73 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 09-Apr-24 Maintain A+ Stable -
74 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 08-Apr-24 Initial A Stable -
75 Lucky Electric Power Company Limited
Press Release | Report | History
Energy Entity 08-Apr-24 Maintain AA Stable -
76 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable -
77 Shahzad Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable Yes
78 Noon Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
79 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
80 Mehran Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
81 Jauharabad Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
82 SGM Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB Stable -
83 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 05-Apr-24 Maintain A- Stable -
84 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
85 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
86 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-24 Maintain AA Stable -
87 International Business Management
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB+ Stable -
88 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
89 Madiha International (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
90 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 03-Apr-24 Initial AA- Stable -
91 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24
Press Release | Report | History
Pharma and Chemicals Debt Instrument 03-Apr-24 Initial A+ Stable -
92 Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | Apr-24
Press Release | Report | History
Energy Debt Instrument 01-Apr-24 Preliminary AA Stable -
93 Mount Fuji Textiles Limited
Press Release | Report | History
Textile & Allied Entity 30-Mar-24 Maintain BBB Positive -
94 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Mar-24 Maintain BBB Stable -
95 Masood Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
96 Sindh Microfinance Bank Limited
Press Release | Report | History
Banks Entity 29-Mar-24 Maintain A- Stable -
97 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain BBB- Stable -
98 Sargodha Jute Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
99 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Mar-24 Maintain BBB Stable -
100 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
101 JWS Pakistan
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
102 Lucky Electric Power Company Limited | PPSTS-16 | PKR 7bln | Feb24
Press Release | Report | History
Energy Debt Instrument 28-Mar-24 Initial AA Stable -
103 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 27-Mar-24 Maintain BB+ Stable -
104 Gharibwal Cement Limited
Press Release | Report | History
Infrastructure Entity 25-Mar-24 Maintain A Stable -
105 Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | Mar-24
Press Release | Report | History
Energy Debt Instrument 25-Mar-24 Preliminary AA Stable -
106 Kohinoor Energy Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA Stable -
107 Fecto Cement Limited
Press Release | Report | History
Infrastructure Entity 22-Mar-24 Maintain A- Stable Yes
108 Halmore Power Generation Company Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA- Stable -
109 Warble (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
110 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
111 Saif Power Limited
Press Release | Report | History
Energy Entity 21-Mar-24 Maintain AA- Stable -
112 KTM Leather (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 21-Mar-24 Maintain BBB+ Stable Yes
113 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Mar-24 Maintain A Stable -
114 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Banks Entity 19-Mar-24 Initial BBB+ Stable -
115 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Engineering and Technology Entity 18-Mar-24 Upgrade A- Stable -
116 Descon Engineering Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
117 Unicol Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain A Stable -
118 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain BBB+ Stable -
119 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 15-Mar-24 Maintain A- Stable -
120 Fauji Cement Company Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
121 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 13-Mar-24 Upgrade BBB+ Stable -
122 ARY Communications Limited
Press Release | Report | History
Communication Entity 12-Mar-24 Initial A Stable -
123 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Mar-24 Maintain AA- Stable -
124 Newage Cables (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Mar-24 Initial A- Stable -
125 D.G. Khan Cement Company Limited
Press Release | Report | History
Infrastructure Entity 01-Mar-24 Maintain AA- Stable -
126 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB- Stable Yes
127 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable Yes
128 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable -
129 Masood Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain A- Stable -
130 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA+ Stable -
131 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA Stable -
132 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 01-Mar-24 Maintain AA- Stable -
133 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 01-Mar-24 Maintain AA+ Stable -
134 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Communication Entity 01-Mar-24 Maintain BBB+ Stable -
135 Poly Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 01-Mar-24 Maintain A- Stable -
136 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 28-Feb-24 Maintain AA- Stable -
137 Kashf Foundation
Press Release | Report | History
Banks Entity 23-Feb-24 Upgrade A Stable -
138 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Feb-24 Maintain A+ Stable -
139 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 23-Feb-24 Maintain A- Stable -
140 Select Technologies (Pvt.) Limited
Press Release | Report | History
Distributors Entity 23-Feb-24 Initial A Stable -
141 Airlink Communication
Press Release | Report | History
Distributors Entity 23-Feb-24 Upgrade A+ Stable -
142 FINCA Microfinance Bank Limited
Press Release | Report | History
Banks Entity 23-Feb-24 Downgrade BBB+ Negative Yes
143 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Feb-24 Maintain A- Stable -
144 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 21-Feb-24 Maintain A+ Stable -
145 Liberty Wind Power 1 Limited
Press Release | Report | History
Energy Entity 20-Feb-24 Maintain A Stable -
146 Liberty Wind Power 2 Limited
Press Release | Report | History
Energy Entity 20-Feb-24 Maintain A Stable -
147 Sapphire Electric Company Limited
Press Release | Report | History
Energy Entity 19-Feb-24 Maintain AA- Stable -
148 TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23
Press Release | Report | History
Infrastructure Debt Instrument 19-Feb-24 Initial A+ Stable -
149 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Banks Debt Instrument 17-Feb-24 Maintain AA- Stable -
150 Maqbool Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain BBB+ Stable Yes
151 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain A- Stable -
152 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain A Stable -
153 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Feb-24 Maintain BBB Positive -
154 Gul Ahmed Electric Limited
Press Release | Report | History
Energy Entity 16-Feb-24 Maintain A Stable -
155 Nishat Paper Products Company Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Feb-24 Maintain A Stable -
156 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Feb-24 Maintain BBB Stable -
157 Lucky Electric Power Company Limited | PPSTS-15 | PKR 6bln | Dec23
Press Release | Report | History
Energy Debt Instrument 16-Feb-24 Initial AA Stable -
158 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 14-Feb-24 Maintain AA- Stable -
159 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 14-Feb-24 Maintain AA- Stable -
160 K-Electric Limited - PPSTS-XXII | PKR 5.0 Bln | Jan'24
Press Release | Report | History
Energy Debt Instrument 14-Feb-24 Initial AA Stable -
161 Ibrahim Fibres Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-24 Maintain AA Stable -
162 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB+ Stable -
163 Punjab Oil Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB+ Stable -
164 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain A- Stable -
165 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB- Positive -
166 Denim-E (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-24 Maintain BBB- Stable -
167 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Infrastructure Debt Instrument 06-Feb-24 Initial AA- Stable -
168 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 02-Feb-24 Maintain A- Stable -
169 Jasons Commodities
Press Release | Report | History
Agriculture & Allied Entity 31-Jan-24 Upgrade BBB Stable -
170 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Jan-24 Maintain A- Negative Yes
171 Al Barka Fabrics (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain BBB+ Stable -
172 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain BBB- Stable -
173 KAM International
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain A- Stable -
174 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-24 Maintain A- Stable -
175 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Jan-24 Maintain BBB Positive -
176 Zahir Khan & Brothers
Press Release | Report | History
Infrastructure Entity 23-Jan-24 Maintain A Stable -
177 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Jan-24 Maintain BBB Stable -
178 Oursun Pakistan Limited
Press Release | Report | History
Energy Entity 22-Jan-24 Maintain A Stable -
179 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Jan-24 Upgrade BBB Stable -
180 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Banks Debt Instrument 19-Jan-24 Downgrade C Negative Yes
181 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 18-Jan-24 Maintain BBB Stable -
182 BRB Properties Builders and Developers
Press Release | Report | History
Infrastructure Entity 17-Jan-24 Maintain BB+ Stable -
183 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 17-Jan-24 Maintain BBB Stable -
184 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Energy Entity 16-Jan-24 Maintain A- Stable -
185 Loads Limited
Press Release | Report | History
Auto and Allied Entity 16-Jan-24 Maintain A Negative Yes
186 University of Management and Technology
Press Release | Report | History
Consumers Goods & Services Entity 15-Jan-24 Initial A- Stable -
187 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jan-24 Initial AA Stable -
188 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jan-24 Maintain AA- Stable Yes
189 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jan-24 Maintain AA- Stable -
190 Kohat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 12-Jan-24 Upgrade A+ Stable -
191 Ahmed Hassan Spinning Limited
Press Release | Report | History
Textile & Allied Entity 11-Jan-24 Maintain BBB Negative Yes
192 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 10-Jan-24 Maintain BBB Stable -
193 Foundation Power Company Daharki Limited
Press Release | Report | History
Energy Entity 05-Jan-24 Maintain AA- Stable -
194 Nishat Mills Limited | PPSTS | PKR 10bln | Nov-23
Press Release | Report | History
Textile & Allied Debt Instrument 05-Jan-24 Initial AA Stable -
195 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 05-Jan-24 Maintain A Stable -
196 Multi Resin Industries
Press Release | Report | History
Pharma and Chemicals Entity 03-Jan-24 Maintain BBB- Stable -
197 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Dec-23 Upgrade AA Stable -
198 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Dec-23 Maintain A- Stable -
199 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 29-Dec-23 Initial AA- Stable -
200 Service Global Footwear Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Initial A+ Stable -
201 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Initial A+ Positive -
202 JS Bank Limited
Press Release | Report | History
Banks Entity 29-Dec-23 Maintain AA- Positive -
203 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AA Stable -
204 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AAA Stable -
205 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AAA Stable -
206 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AA+ Stable -
207 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AA+ Stable -
208 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AAA Stable -
209 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AA Stable -
210 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain AA- Stable -
211 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain A+ Positive -
212 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Dec-23 Maintain BBB+ Stable -
213 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Maintain A Positive -
214 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Dec-23 Maintain AA+ Stable -
215 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Maintain A- Stable -
216 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 29-Dec-23 Maintain BBB Stable -
217 The Bank of Punjab | Tier 2 Capital TFC | PKR 10bln | TBI
Press Release | Report | History
Banks Debt Instrument 29-Dec-23 Preliminary AA Stable -
218 Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | Apr-24
Press Release | Report | History
Energy Debt Instrument 29-Dec-23 Preliminary AA- Stable -
219 WAPDA Dasu TFC-E
Press Release | Report | History
Energy Debt Instrument 29-Dec-23 Preliminary AAA Stable -
220 WAPDA Dasu Sukuk-E
Press Release | Report | History
Energy Debt Instrument 29-Dec-23 Preliminary AAA Stable -
221 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 29-Dec-23 Downgrade BB Negative Yes
222 Pakistan Services Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Downgrade BB Negative Yes
223 HBL Microfinance Bank Limited
Press Release | Report | History
Banks Entity 28-Dec-23 Maintain A+ Stable -
224 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Consumers Goods & Services Entity 28-Dec-23 Initial A- Stable -
225 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 28-Dec-23 Maintain AA Stable -
226 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 28-Dec-23 Maintain AA- Stable -
227 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Dec-23 Maintain A+ Stable -
228 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 28-Dec-23 Maintain A Stable -
229 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Banks Debt Instrument 28-Dec-23 Maintain A Stable -
230 Al Rahim Textile Industries Limited
Press Release | Report | History
Textile & Allied Entity 28-Dec-23 Maintain A Stable -
231 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 28-Dec-23 Maintain BB+ Stable -
232 Cherat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 28-Dec-23 Maintain A+ Stable -
233 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-23 Initial BBB+ Stable -
234 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Banks Debt Instrument 23-Dec-23 Initial AAA Stable -
235 Reliance Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Dec-23 Maintain A Stable -
236 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | TBI
Press Release | Report | History
Engineering and Technology Debt Instrument 22-Dec-23 Initial AA Stable -
237 TOTAL PARCO Pakistan Limited
Press Release | Report | History
Energy Entity 22-Dec-23 Maintain AAA Stable -
238 Sayban International
Press Release | Report | History
Agriculture & Allied Entity 22-Dec-23 Maintain BBB- Stable -
239 Tariq Glass Industries Limited
Press Release | Report | History
Infrastructure Entity 22-Dec-23 Maintain A+ Stable -
240 United Ethanol Industries Limited
Press Release | Report | History
Agriculture & Allied Entity 22-Dec-23 Maintain A- Stable -
241 Pakistan National Shipping Corporation
Press Release | Report | History
Logistics Entity 22-Dec-23 Maintain AA Stable -
242 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 22-Dec-23 Initial BBB+ Stable -
243 Siddiqsons Tinplate Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Dec-23 Maintain A- Stable Yes
244 Cherat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Dec-23 Maintain A Positive -
245 Swat Agro Chemicals
Press Release | Report | History
Agriculture & Allied Entity 21-Dec-23 Maintain BBB- Stable -
246 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Energy Entity 21-Dec-23 Maintain A- Stable -
247 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Energy Entity 21-Dec-23 Maintain A- Stable -
248 TPL Trakker Limited
Press Release | Report | History
Logistics Entity 21-Dec-23 Maintain A- Stable -
249 EFG Hermes Pakistan Limited
Press Release | Report | History
Capital Markets Entity 21-Dec-23 Maintain A- Developing Yes
250 EXIDE Pakistan Limited
Press Release | Report | History
Auto and Allied Entity 21-Dec-23 Maintain BBB Positive -
251 WAPDA Dasu Sukuk-D
Press Release | Report | History
Energy Debt Instrument 15-Dec-23 Initial AAA Stable -
252 WAPDA Dasu TFC-D
Press Release | Report | History
Energy Debt Instrument 15-Dec-23 Initial AAA Stable -
253 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 15-Dec-23 Maintain AAA Stable -
254 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 15-Dec-23 Maintain AAA Stable -
255 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 15-Dec-23 Maintain AA Stable -
256 MACPAC Films Limited
Press Release | Report | History
Consumers Goods & Services Entity 15-Dec-23 Upgrade BBB+ Stable -
257 Sui Southern Gas Company Limited
Press Release | Report | History
Energy Entity 15-Dec-23 Maintain A+ Stable Yes
258 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 14-Dec-23 Maintain A- Stable -
259 Sapphire Retail Limited
Press Release | Report | History
Textile & Allied Entity 14-Dec-23 Maintain A- Stable -
260 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-23 Maintain AA- Stable -
261 JS Global Capital Limited
Press Release | Report | History
Capital Markets Entity 14-Dec-23 Maintain AA Stable -
262 Pak Arab Refinery Limited
Press Release | Report | History
Energy Entity 08-Dec-23 Maintain AAA Stable -
263 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 08-Dec-23 Upgrade A- Stable -
264 Ismail Industries Limited
Press Release | Report | History
Food and Allied Entity 08-Dec-23 Maintain A+ Stable -
265 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Dec-23 Initial A Stable -
266 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 01-Dec-23 Initial A Stable -
267 Mughal Energy Limited
Press Release | Report | History
Energy Entity 01-Dec-23 Maintain A Stable -
268 KSB Pumps Company Limited
Press Release | Report | History
Engineering and Technology Entity 29-Nov-23 Maintain A+ Stable Yes
269 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 28-Nov-23 Initial A- Stable -
270 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 28-Nov-23 Initial A- Stable -
271 HUM Network Limited
Press Release | Report | History
Communication Entity 24-Nov-23 Maintain A+ Stable -
272 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Consumers Goods & Services Entity 24-Nov-23 Maintain A+ Stable -
273 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 24-Nov-23 Maintain BBB+ Positive -
274 Sapphire Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 23-Nov-23 Maintain A Stable -
275 Be Be Jan Pakistan Limited
Press Release | Report | History
Textile & Allied Entity 23-Nov-23 Maintain BBB Stable -
276 DIC Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Nov-23 Maintain AA- Stable -
277 Ghani Global Glass Limited
Press Release | Report | History
Infrastructure Entity 23-Nov-23 Maintain BBB+ Positive -
278 Inbox Business Technologies Limited
Press Release | Report | History
Engineering and Technology Entity 23-Nov-23 Maintain A- Stable -
279 KTRADE Securities Limited
Press Release | Report | History
Capital Markets Entity 22-Nov-23 Maintain A- Stable -
280 Chanar Energy Limited
Press Release | Report | History
Energy Entity 22-Nov-23 Maintain BBB- Stable Yes
281 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-23 Maintain A- Positive -
282 Prism Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Nov-23 Initial A+ Stable -
283 Ahmed Fine Weaving Limited
Press Release | Report | History
Textile & Allied Entity 17-Nov-23 Maintain A- Stable -
284 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 16-Nov-23 Upgrade BBB Stable -
285 Sapphire Fibres Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-23 Maintain A+ Stable -
286 Glamour Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-23 Maintain BBB- Stable -
287 Liberty Power Tech Limited
Press Release | Report | History
Energy Entity 10-Nov-23 Maintain AA- Stable -
288 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-23 Maintain A+ Stable -
289 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 01-Nov-23 Maintain BBB- Developing -
290 Zahidjee Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 31-Oct-23 Maintain A Stable -
291 Orient Rental Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Oct-23 Maintain A- Stable -
292 Islamabad Farms
Press Release | Report | History
Food and Allied Entity 27-Oct-23 Maintain BBB- Stable -
293 Pharmagen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Oct-23 Maintain A- Stable -
294 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 25-Oct-23 Upgrade AA- Stable -
295 Thar Energy Limited
Press Release | Report | History
Energy Entity 25-Oct-23 Upgrade AA- Stable -
296 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Oct-23 Initial A- Stable -
297 Stylers International Limited
Press Release | Report | History
Textile & Allied Entity 23-Oct-23 Maintain A Stable -
298 AGP Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Oct-23 Maintain A+ Stable -
299 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 21-Oct-23 Maintain BBB- Positive -
300 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 20-Oct-23 Maintain A Stable -
301 Ghandhara Industries Limited
Press Release | Report | History
Auto and Allied Entity 20-Oct-23 Maintain A+ Stable -
302 Ghandhara Automobiles Limited (formerly known as Ghandhara Nissan Limited)
Press Release | Report | History
Auto and Allied Entity 20-Oct-23 Maintain A Stable -
303 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Infrastructure Entity 16-Oct-23 Maintain A+ Stable -
304 Hassan Ali Rice Export Company
Press Release | Report | History
Agriculture & Allied Entity 13-Oct-23 Maintain BBB+ Stable -
305 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Agriculture & Allied Entity 13-Oct-23 Maintain BBB Stable -
306 Awami Agro Commodities
Press Release | Report | History
Agriculture & Allied Entity 13-Oct-23 Maintain BBB Stable -
307 Engro Eximp Agriproducts (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 13-Oct-23 Maintain A- Stable -
308 Din Energy Limited
Press Release | Report | History
Energy Entity 13-Oct-23 Maintain A Stable -
309 Habib Construction Services Limited
Press Release | Report | History
Infrastructure Entity 12-Oct-23 Maintain BBB+ Stable -
310 A.J. Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 11-Oct-23 Maintain A- Stable -
311 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 10-Oct-23 Maintain BBB+ Stable -
312 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 10-Oct-23 Maintain BBB Stable Yes
313 PakGen Power Limited
Press Release | Report | History
Energy Entity 28-Sep-23 Maintain AA Stable -
314 LalPir Power Limited
Press Release | Report | History
Energy Entity 28-Sep-23 Maintain AA Stable -
315 Gul Ahmed Wind Power Limited
Press Release | Report | History
Energy Entity 28-Sep-23 Initial A+ Stable -
316 My Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Sep-23 Maintain BBB+ Stable -
317 Master Wind Energy Limited
Press Release | Report | History
Energy Entity 26-Sep-23 Maintain A+ Stable -
318 Thardeep Microfinance Foundation
Press Release | Report | History
Banks Entity 26-Sep-23 Downgrade BBB- Stable -
319 Prosperity Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Sep-23 Maintain A- Stable -
320 Nishat Power Limited
Press Release | Report | History
Energy Entity 22-Sep-23 Maintain AA- Stable -
321 First Habib Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 22-Sep-23 Maintain AA+ Stable -
322 Atlas Power Limited
Press Release | Report | History
Energy Entity 22-Sep-23 Maintain AA- Stable -
323 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 22-Sep-23 Maintain AA- Stable -
324 Nagina Cotton Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Sep-23 Maintain A- Stable -
325 Ellcot Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Sep-23 Maintain A- Stable -
326 First Punjab Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-23 Maintain A- Stable -
327 Service Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Sep-23 Maintain AA- Stable -
328 Escorts Investment Bank Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 19-Sep-23 Downgrade BBB+ Negative -
329 Trust Securities & Brokerage Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-23 Maintain A- Stable -
330 Dawood Equities Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-23 Maintain A- Stable -
331 Global Marketing Services
Press Release | Report | History
Pharma and Chemicals Entity 19-Sep-23 Maintain BBB Stable -
332 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 15-Sep-23 Maintain BBB Stable -
333 U Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-Sep-23 Maintain A+ Stable -
334 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 14-Sep-23 Maintain A- Stable -
335 Berger Paints Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 14-Sep-23 Maintain A- Stable -
336 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-23 Initial A- Stable -
337 Din Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Sep-23 Maintain A- Stable -
338 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 08-Sep-23 Maintain A- Stable -
339 Fazal Cloth Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Sep-23 Maintain A Stable -
340 Bestway Cement Limited
Press Release | Report | History
Infrastructure Entity 06-Sep-23 Maintain AA- Stable -
341 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 05-Sep-23 Maintain AA- Stable -
342 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 01-Sep-23 Maintain A Stable -
343 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 01-Sep-23 Maintain A Stable -
344 Martin Dow Limited
Press Release | Report | History
Pharma and Chemicals Entity 01-Sep-23 Downgrade A Stable -
345 Golden Packages (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Aug-23 Maintain BBB Stable -
346 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Energy Entity 28-Aug-23 Maintain A- Stable -
347 Be Energy Limited
Press Release | Report | History
Energy Entity 25-Aug-23 Maintain A+ Stable -
348 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 24-Aug-23 Maintain A- Stable -
349 Tufail Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Aug-23 Maintain A- Stable -
350 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Aug-23 Maintain BBB- Stable -
351 Maaksons Engineering Corporation Limited
Press Release | Report | History
Infrastructure Entity 23-Aug-23 Maintain BBB+ Stable -
352 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Aug-23 Upgrade A- Stable -
353 Packages Convertors Limited
Press Release | Report | History
Consumers Goods & Services Entity 18-Aug-23 Maintain AA- Stable -
354 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Aug-23 Upgrade A+ Stable -
355 National Transmission & Despatch Company Limited
Press Release | Report | History
Energy Entity 11-Aug-23 Maintain AA+ Stable -
356 EcoPack Limited
Press Release | Report | History
Consumers Goods & Services Entity 10-Aug-23 Maintain BBB Stable Yes
357 Pak Suzuki Motor Company Limited
Press Release | Report | History
Auto and Allied Entity 04-Aug-23 Maintain AA- Stable -
358 Mekotex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 04-Aug-23 Maintain A- Stable -
359 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 01-Aug-23 Maintain A- Stable -
360 Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited)
Press Release | Report | History
Auto and Allied Entity 01-Aug-23 Maintain A+ Stable Yes
361 Fauji Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 27-Jul-23 Maintain AA+ Stable -
362 Engro Fertilizers Limited
Press Release | Report | History
Agriculture & Allied Entity 27-Jul-23 Maintain AA Stable -
363 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 27-Jul-23 Maintain AA Stable -
364 Apna Microfinance Bank Limited
Press Release | Report | History
Banks Entity 27-Jul-23 Downgrade BBB- Negative Yes
365 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Jul-23 Maintain A Stable -
366 Pakistan Oxygen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Jul-23 Maintain A Stable -
367 Fatima Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Jul-23 Maintain AA+ Stable -
368 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 21-Jul-23 Maintain AA+ Stable -
369 Medipak Limited
Press Release | Report | History
Pharma and Chemicals Entity 20-Jul-23 Initial BBB+ Stable -
370 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Jul-23 Maintain BBB Positive -
371 Sindh Engro Coal Mining Company
Press Release | Report | History
Energy Entity 19-Jul-23 Maintain AA Stable -
372 National Rural Support Programme
Press Release | Report | History
Banks Entity 17-Jul-23 Initial A- Stable -
373 Steelex (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 14-Jul-23 Maintain BBB- Stable -
374 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 14-Jul-23 Initial A- Stable -
375 Diamond Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 14-Jul-23 Maintain A- Stable -
376 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 14-Jul-23 Maintain A+ Stable -
377 Engro Polymer & Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 14-Jul-23 Maintain AA Stable -
378 Nimir Resins Limited
Press Release | Report | History
Pharma and Chemicals Entity 14-Jul-23 Maintain A- Stable -
379 Liberty Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Jul-23 Maintain A+ Stable -
380 Samba Bank Limited
Press Release | Report | History
Banks Entity 06-Jul-23 Initial AA Stable -
381 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 06-Jul-23 Initial A- Stable -
382 Pak Elektron Limited
Press Release | Report | History
Consumers Goods & Services Entity 04-Jul-23 Maintain A+ Stable -
383 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Energy Entity 04-Jul-23 Maintain AA- Stable -
384 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 03-Jul-23 Maintain BBB Stable -
385 GuarantCo Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Jun-23 Maintain AAA Stable -
386 Bank of Khyber
Press Release | Report | History
Banks Entity 27-Jun-23 Maintain A+ Stable -
387 First Women Bank Limited
Press Release | Report | History
Banks Entity 27-Jun-23 Maintain A- Developing Yes
388 Tata Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-23 Maintain A Stable -
389 Saif Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-23 Maintain A- Stable Yes
390 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 27-Jun-23 Initial A- Stable -
391 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 27-Jun-23 Maintain BBB Stable -
392 The Bank of Punjab
Press Release | Report | History
Banks Entity 26-Jun-23 Maintain AA+ Stable -
393 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 26-Jun-23 Maintain AAA Stable -
394 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Jun-23 Initial AA Stable -
395 Kohat Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-23 Maintain A- Stable -
396 Yunus Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-23 Maintain AA- Stable -
397 Pak-Libya Holding Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 24-Jun-23 Maintain AA- Positive -
398 BankIslami Pakistan Limited
Press Release | Report | History
Banks Entity 24-Jun-23 Upgrade AA- Stable -
399 Bank Alfalah Limited
Press Release | Report | History
Banks Entity 24-Jun-23 Maintain AA+ Stable -
400 Bank AL Habib Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AAA Stable -
401 Askari Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AA+ Stable -
402 Soneri Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AA- Stable -
403 Siddiqsons Limited
Press Release | Report | History
Textile & Allied Entity 23-Jun-23 Maintain A- Stable -
404 Faysal Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AA Stable -
405 MCB Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AAA Stable -
406 Habib Metropolitan Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AA+ Stable -
407 National Bank of Pakistan
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AAA Stable -
408 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AAA Stable -
409 Allied Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain AAA Stable -
410 MCB Islamic Bank Limited
Press Release | Report | History
Banks Entity 23-Jun-23 Maintain A Stable -
411 PAIR Investment Company Limited
Press Release | Report | History
Development Institutions Entity 23-Jun-23 Maintain AA Stable -
412 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
Development Institutions Entity 23-Jun-23 Maintain AA Stable Yes
413 Mahmood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 23-Jun-23 Maintain A- Stable -
414 Roomi Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 23-Jun-23 Maintain A- Stable -
415 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA Stable -
416 E-Vision Manufacturing Limited
Press Release | Report | History
Textile & Allied Entity 23-Jun-23 Maintain BBB Positive -
417 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA+ Stable -
418 ACT Wind (Pvt.) Limited
Press Release | Report | History
Energy Entity 23-Jun-23 Maintain A+ Stable -
419 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Jun-23 Maintain BB Stable -
420 VMS Trading Company
Press Release | Report | History
Agriculture & Allied Entity 22-Jun-23 Initial BBB Stable -
421 Narowal Energy Limited
Press Release | Report | History
Energy Entity 22-Jun-23 Maintain AA- Stable -
422 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 22-Jun-23 Maintain A- Stable -
423 K-Electric Limited
Press Release | Report | History
Energy Entity 21-Jun-23 Maintain AA Stable Yes
424 The Hub Power Company Limited
Press Release | Report | History
Energy Entity 21-Jun-23 Maintain AA+ Stable -
425 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 16-Jun-23 Maintain BBB+ Stable -
426 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 16-Jun-23 Maintain BBB+ Stable -
427 Packages Limited
Press Release | Report | History
Holding Company Entity 16-Jun-23 Upgrade AA+ Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

+92 42 3586 9504-6 | compliance@pacra.com

DISCLAIMER
In case your complaint has not been properly redressed by us, you may lodge your complaint with SECP.