The Pakistan Credit Rating Agency Limited
02-Sep-26
Analyst
Tasveeb Idrees
Tasveeb.Idrees@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Debt Instrument Rating | Sep-25
- Methodology | Rating Modifiers | Apr-26
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-26
- Methodology | Corporate Rating | Jul-26
Related Research
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PACRA Withdraws the Ratings of Masood Spinning Mills Limited | PPSTS II | PKR 3.0bln | Feb-26
| Issuer | Masood Spinning Mills Limited |
| Instrument | Privately Place Short Term Sukuk |
| Amount | PKR 3 mln |
| Issuance Date | 10-Feb-26 |
| Tenor | 0.5 Years |
| Redemption Date | 10-Aug-26 |
| Outstanding Amount | - |
| Rating Type | Debt Instrument | |
|
Current (02-Sep-26 ) |
Previous (20-Feb-26 ) |
|
| Action | Redeem | Initial |
| Long Term | - | A- |
| Short Term | - | A1 |
| Outlook | Stable | |
| Rating Watch | - | - |
Masood Spinning Mills Limited issued a Rated, Secured, Privately Placed, Short-Term Sukuk of PKR 3,000mln on February 10th, 2026 for a tenor of six months. The instrument has been repaid and hence redeemed in August 2026. The Company has paid in full all markup profits along with the outstanding principal amount.
Hence, the Pakistan Credit Rating Agency (PACRA) has withdrawn the ratings of Masood Spinning Mills Limited | PPSTS II | PKR 3.0bln | Feb-26.
.
About
the Entity
MSML is a public limited Company, operating under the umbrella of the Mahmood Group. The sponsoring family owns the entire stake through individual holdings and associated companies. Overall control of the board is vested in six members. Mr. Khawaja Muhammad Ilyas is the CEO of the Company and has over four decades of experience. He is supported by a team of highly qualified and seasoned professionals.