Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 The Bank of Punjab
Press Release | Report | History
Banks Entity 28-Jun-24 Maintain AA+ Stable -
2 JS Bank Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AA Stable -
3 Bank Alfalah Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AAA Stable -
4 Rural Community Development Programmes
Press Release | Report | History
Banks Entity 27-Jun-24 Initial BBB Stable -
5 GuarantCo Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Jun-24 Maintain AAA Stable -
6 Bank of Khyber
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A+ Stable -
7 First Women Bank Limited
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A- Developing Yes
8 Samba Bank Limited
Press Release | Report | History
Banks Entity 26-Jun-24 Maintain AA Stable Yes
9 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 26-Jun-24 Maintain AAA Stable -
10 Askari Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
11 Pak Libya Holding Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 24-Jun-24 Maintain AA- Positive -
12 BankIslami Pakistan Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA- Stable -
13 Habib Metropolitan Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
14 Faysal Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA Stable -
15 Allied Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AAA Stable -
16 MCB Islamic Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Upgrade A+ Stable -
17 National Bank of Pakistan
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
18 MCB Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
19 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
20 Soneri Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AA- Stable -
21 Bank AL Habib Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
22 PAIR Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable -
23 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable Yes
24 NRSP Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-May-24 Maintain A- Stable Yes
25 Infra Zamin Pakistan Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 02-May-24 Maintain AAA Stable -
26 Mobilink Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable -
27 Telenor Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable Yes
28 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Banks Entity 29-Apr-24 Maintain BBB+ Positive -
29 AGAHE Pakistan
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BBB- Positive -
30 Union Microfinance Company Limited
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BB+ Stable Yes
31 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 23-Apr-24 Maintain A- Stable Yes
32 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 05-Apr-24 Maintain A- Stable -
33 Sindh Microfinance Bank Limited
Press Release | Report | History
Banks Entity 29-Mar-24 Maintain A- Stable -
34 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
35 JWS Pakistan
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
36 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Banks Entity 19-Mar-24 Initial BBB+ Stable -
37 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 15-Mar-24 Maintain A- Stable -
38 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 -
39 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA Stable -
40 Kashf Foundation
Press Release | Report | History
Banks Entity 23-Feb-24 Upgrade A Stable -
41 FINCA Microfinance Bank Limited
Press Release | Report | History
Banks Entity 23-Feb-24 Downgrade BBB+ Negative Yes
42 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 05-Jan-24 Maintain A Stable -
43 HBL Microfinance Bank Limited
Press Release | Report | History
Banks Entity 28-Dec-23 Maintain A+ Stable -
44 EFG Hermes Pakistan Limited
Press Release | Report | History
Capital Markets Entity 21-Dec-23 Maintain A- Developing Yes
45 JS Global Capital Limited
Press Release | Report | History
Capital Markets Entity 14-Dec-23 Maintain AA Stable -
46 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 28-Nov-23 Initial A- Stable -
47 KTRADE Securities Limited
Press Release | Report | History
Capital Markets Entity 22-Nov-23 Maintain A- Stable -
48 Orient Rental Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Oct-23 Maintain A- Stable -
49 Thardeep Microfinance Foundation
Press Release | Report | History
Banks Entity 26-Sep-23 Downgrade BBB- Stable -
50 First Habib Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 22-Sep-23 Maintain AA+ Stable -
51 First Punjab Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-23 Maintain A- Stable -
52 Escorts Investment Bank Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 19-Sep-23 Downgrade BBB+ Negative -
53 Trust Securities & Brokerage Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-23 Maintain A- Stable -
54 Dawood Equities Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-23 Maintain A- Stable -
55 U Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-Sep-23 Maintain A+ Stable -
56 Apna Microfinance Bank Limited
Press Release | Report | History
Banks Entity 27-Jul-23 Downgrade BBB- Negative Yes
57 National Rural Support Programme
Press Release | Report | History
Banks Entity 17-Jul-23 Initial A- Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

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

DISCLAIMER
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