Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Chemical Entity 24-Nov-23 Maintain BBB+ A2 Positive -
2 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Chemical Debt Instrument 24-Nov-23 Maintain A Stable -
3 HUM Network Limited
Press Release | Report | History
Media Entity 24-Nov-23 Maintain A+ A1 Stable -
4 Reliance Insurance Company Limited
Press Release | Report | History
General Insurance IFS 24-Nov-23 Maintain A+ (ifs) Stable -
5 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Paper and Packaging Entity 24-Nov-23 Maintain A+ A1 Stable -
6 DIC Pakistan Limited
Press Release | Report | History
Chemical Entity 23-Nov-23 Maintain AA- A1 Stable -
7 Inbox Business Technologies Limited
Press Release | Report | History
Technology Entity 23-Nov-23 Maintain A- A2 Stable -
8 Be Be Jan Pakistan Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain BBB A2 Stable -
9 Sapphire Finishing Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain A A1 Stable -
10 Ghani Global Glass Limited
Press Release | Report | History
Glass Entity 23-Nov-23 Maintain BBB+ A2 Positive -
11 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-23 Maintain A- A2 Positive -
12 KTRADE Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 22-Nov-23 Maintain A- A2 Stable -
13 Chanar Energy Limited
Press Release | Report | History
Power Entity 22-Nov-23 Maintain BBB- A3 Stable Yes
14 Airlink Communication
Press Release | Report | History
Mobile Phone and Allied Products Entity 22-Nov-23 Maintain A A1 Stable -
15 Spectrum Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Nov-23 Upgrade BFR 3+ Stable -
16 TPL Trakker Limited | Sukuk
Press Release | Report | History
Tracking Services Debt Instrument 21-Nov-23 Maintain A+ - Stable -
17 Spectrum Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Nov-23 Maintain BMR3+ Stable -
18 East West Insurance Company Limited
Press Release | Report | History
General Insurance IFS 20-Nov-23 Maintain AA (ifs) Stable -
19 WAPDA Dasu Sukuk-B
Press Release | Report | History
Power Debt Instrument 20-Nov-23 Maintain AAA Stable -
20 WAPDA Dasu Sukuk-C
Press Release | Report | History
Power Debt Instrument 17-Nov-23 Maintain AAA Stable -
21 ABL Islamic Income Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial A+(f) Stable -
22 Ahmed Fine Weaving Limited
Press Release | Report | History
Weaving Entity 17-Nov-23 Maintain A- A2 Stable -
23 ABL Government Securities Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial AA-(f) Stable -
24 WAPDA Dasu TFC-B
Press Release | Report | History
Power Debt Instrument 17-Nov-23 Maintain AAA Stable -
25 ABL Income Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial A+(f) Stable -
26 Prism Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 17-Nov-23 Initial A+ A1 Stable -
27 WAPDA Dasu TFC-C
Press Release | Report | History
Power Debt Instrument 17-Nov-23 Maintain AAA Stable -
28 ABL Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial AA+(f) Stable -
29 K-Electric | PPSTS-19 | PKR 2.348bln | Aug-23
Press Release | Report | History
Power Debt Instrument 16-Nov-23 Initial AA A1+ Stable -
30 K-Electric | PPSTS-18 | PKR 5bln | Aug-23
Press Release | Report | History
Power Debt Instrument 16-Nov-23 Initial AA A1+ Stable -
31 Samba Bank Limited | PPTFC
Press Release | Report | History
Commercial Bank Debt Instrument 16-Nov-23 Maintain AA- Stable -
32 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Steel Entity 16-Nov-23 Upgrade BBB A2 Stable -
33 Glamour Textile Mills Limited
Press Release | Report | History
Spinning Entity 13-Nov-23 Maintain BBB- A2 Stable -
34 Sapphire Fibres Limited
Press Release | Report | History
Composite and Garments Entity 13-Nov-23 Maintain A+ A1 Stable -
35 Liberty Power Tech Limited
Press Release | Report | History
Power Entity 10-Nov-23 Maintain AA- A1 Stable -
36 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-23 Maintain A+ A1 Stable -
37 Mughal Iron & Steel Industries Limited | PPCP | PKR 2 bln | Apr-23
Press Release | Report | History
Steel Debt Instrument 06-Nov-23 Maintain A+ A1 Stable -
38 The Hub Power Company Limited | PPSTS | PKR 6bln | Nov-23
Press Release | Report | History
Power Debt Instrument 06-Nov-23 Preliminary AA+ A1+ Stable -
39 Jubilee General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 03-Nov-23 Maintain AA++ (ifs) Stable -
40 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | TBI
Press Release | Report | History
Microfinance Debt Instrument 03-Nov-23 Preliminary A Stable -
41 Pak Qatar Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 02-Nov-23 Initial 3-Star Stable -
42 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Steel Entity 01-Nov-23 Maintain BBB- A3 Developing -
43 Pak Qatar Stable Return Plan I under Pak Qatar Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Nov-23 Initial AA+(f) Stable -
44 Zahidjee Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 31-Oct-23 Maintain A A1 Stable -
45 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | TBI
Press Release | Report | History
Industrial Gases Debt Instrument 28-Oct-23 Preliminary A+ Stable -
46 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 27-Oct-23 Maintain BMR2 Stable -
47 Islamabad Farms
Press Release | Report | History
Poultry Entity 27-Oct-23 Maintain BBB- A3 Stable -
48 Orient Rental Modaraba
Press Release | Report | History
Modaraba & NBFCs Entity 27-Oct-23 Maintain A- A2 Stable -
49 ABL Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 26-Oct-23 Maintain AM1 Stable -
50 Thar Energy Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
51 Lucky Electric Power Company Limited | PPSTS-14 | PKR 7bln | Oct23
Press Release | Report | History
Power Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
52 Lucky Electric Power Company Limited | PPSTS-13 | PKR 5bln | Sep23
Press Release | Report | History
Power Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
53 Pharmagen Limited
Press Release | Report | History
Pharmaceutical Entity 25-Oct-23 Maintain A- A2 Stable -
54 Lucky Electric Power Company Limited | PPSTS-11 | PKR 4bln | Jun23
Press Release | Report | History
Power Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
55 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
56 Lucky Electric Power Company Limited | PPSTS-12 | PKR 7bln | Aug23
Press Release | Report | History
Power Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
57 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Rice Entity 24-Oct-23 Initial A- A2 Stable -
58 AGP Limited
Press Release | Report | History
Pharmaceutical Entity 23-Oct-23 Maintain A+ A1 Stable -
59 Stylers International Limited
Press Release | Report | History
Composite and Garments Entity 23-Oct-23 Maintain A A1 Stable -
60 TPL Properties Limited | PPTFC | PKR 2bln | TBI
Press Release | Report | History
Real Estate Debt Instrument 23-Oct-23 Preliminary A+ A1 Stable -
61 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 21-Oct-23 Maintain BBB- A2 Positive -
62 Ghandhara Industries Limited
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A+ A1 Stable -
63 Postal Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 20-Oct-23 Maintain A+ (ifs) Stable -
64 Ghandhara Automobiles Limited (formerly known as Ghandhara Nissan Limited)
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A A1 Stable -
65 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 20-Oct-23 Maintain A A1 Stable -
66 Atlas Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
67 Atlas Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA+(f) Stable -
68 Faysal Financial Sector Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
69 786 Smart Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
70 Faysal MTS Fund (FMTSF)
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
71 Atlas Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
72 Faysal Income and Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain A(f) Stable -
73 Faysal Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA(f) Stable -
74 Atlas Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA+(f) Stable -
75 Faysal Savings Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
76 Atlas Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA(f) Stable -
77 Faysal Halal Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA(f) Stable -
78 Atlas Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Oct-23 Maintain AA-(f) Stable -
79 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Steel Debt Instrument 16-Oct-23 Maintain A+ Stable -
80 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Steel Entity 16-Oct-23 Maintain A+ A1 Stable -
81 Secure Logistics Group Limited
Press Release | Report | History
Trucks & Buses Entity 14-Oct-23 Maintain A A2 Stable -
82 AWT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
83 Hassan Ali Rice Export Company
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB+ A2 Stable -
84 NBP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA(f) Stable -
85 Din Energy Limited
Press Release | Report | History
Power Entity 13-Oct-23 Maintain A A2 Stable -
86 Pakistan Mortgage Refinance Company Limited | PP Sukuk
Press Release | Report | History
DFIs Debt Instrument 13-Oct-23 Maintain AAA Stable -
87 NBP Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA-(f) Stable -
88 Alfalah GHP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA+(f) Stable -
89 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
90 NBP Riba Free Saving Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
91 Awami Agro Commodities
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
92 NBP Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
93 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA-(f) Stable -
94 NBP Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA(f) Stable -
95 NBP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
96 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
97 AWT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
98 Engro Eximp Agriproducts (Pvt.) Limited
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain A- A2 Stable -
99 AWT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA+(f) Stable -
100 NBP Income Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
101 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain A+(f) Stable -
102 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA(f) Stable -
103 Alfalah GHP Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 13-Oct-23 Maintain AA-(f) Stable -
104 The Hub Power Company Limited | Sukuk
Press Release | Report | History
Power Debt Instrument 12-Oct-23 Maintain AA+ Stable -
105 Habib Construction Services Limited
Press Release | Report | History
Construction Entity 12-Oct-23 Maintain BBB+ A2 Stable -
106 Pak Qatar Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 11-Oct-23 Initial AM2 Stable -
107 A.J. Textile Mills Limited
Press Release | Report | History
Spinning Entity 11-Oct-23 Maintain A- A2 Stable -
108 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Rice Entity 10-Oct-23 Maintain BBB+ A2 Stable -
109 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Construction Entity 10-Oct-23 Maintain BBB A2 Stable Yes
110 MCB Investment Management Limited (Formerly: MCB-Arif Habib Savings and Investments Limited)
Press Release | Report | History
Asset Managers Asset Manager 06-Oct-23 Maintain AM1 Stable -
111 JS Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Oct-23 Maintain AA+(f) Stable -
112 JS Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Oct-23 Maintain AA-(f) Stable -
113 JS Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Oct-23 Maintain AA(f) Stable -
114 JS Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Oct-23 Maintain A+(f) Stable -
115 JS Microfinance Sector Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Oct-23 Maintain A(f) Stable -
116 JS Government Securities Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Oct-23 Maintain AA(f) Stable -
117 NBP Government Securities Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Sep-23 Maintain AAA(f) Stable -
118 Gul Ahmed Wind Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Initial A+ A1 Stable -
119 NBP Government Securities Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Sep-23 Maintain AA-(f) Stable -
120 NBP Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Sep-23 Maintain A+(f) Stable -
121 PakGen Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Maintain AA A1 Stable -
122 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Sep-23 Maintain AA+(f) Stable -
123 Alfalah GHP Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Sep-23 Maintain AA+(f) Stable -
124 UBL Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Sep-23 Maintain AA+(f) Stable -
125 LalPir Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Maintain AA A1 Stable -
126 My Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 27-Sep-23 Maintain BBB+ A2 Stable -
127 Thardeep Microfinance Foundation
Press Release | Report | History
Microfinance Entity 26-Sep-23 Downgrade BBB- A3 Stable -
128 Master Wind Energy Limited
Press Release | Report | History
Power Entity 26-Sep-23 Maintain A+ A1 Stable -
129 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Sep-23 Maintain BMR2 Stable -
130 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Sep-23 Upgrade BFR 2 Stable -
131 Kashf Foundation
Press Release | Report | History
Microfinance Entity 23-Sep-23 Maintain A- A2 Positive -
132 Kashf Foundation | PPTFC
Press Release | Report | History
Microfinance Debt Instrument 23-Sep-23 Maintain A Stable -
133 Nishat Mills Limited | PPSTS | PKR 15bln | TBI
Press Release | Report | History
Composite and Garments Debt Instrument 22-Sep-23 Preliminary AA A1+ Stable -
134 Prosperity Weaving Mills Limited
Press Release | Report | History
Weaving Entity 22-Sep-23 Maintain A- A2 Stable -
135 Nagina Cotton Mills Limited
Press Release | Report | History
Spinning Entity 22-Sep-23 Maintain A- A2 Stable -
136 Nishat Power Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1 Stable -
137 Atlas Power Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1+ Stable -
138 First Habib Modaraba
Press Release | Report | History
Modaraba & NBFCs Entity 22-Sep-23 Maintain AA+ A1+ Stable -
139 Alfalah GHP Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 22-Sep-23 Maintain AA-(f) Stable -
140 Ellcot Spinning Mills Limited
Press Release | Report | History
Spinning Entity 22-Sep-23 Maintain A- A2 Stable -
141 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1 Stable -
142 NBP Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 22-Sep-23 Maintain AA-(f) Stable -
143 AKD Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 20-Sep-23 Maintain AA(f) Stable -
144 AWT Financial Sector Income Fund
Press Release | Report | History
Asset Managers Stability Rating 20-Sep-23 Maintain A+(f) Stable -
145 First Punjab Modaraba
Press Release | Report | History
Modaraba & NBFCs Entity 20-Sep-23 Maintain A- A2 Stable -
146 Dawood Equities Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-23 Maintain A- A2 Stable -
147 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Sep-23 Maintain BMR2+ Stable -
148 Escorts Investment Bank Limited
Press Release | Report | History
Modaraba & NBFCs Entity 19-Sep-23 Downgrade BBB+ A2 Negative -
149 Service Industries Limited
Press Release | Report | History
Tyres Entity 19-Sep-23 Maintain AA- A1 Stable -
150 Trust Securities & Brokerage Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-23 Maintain A- A2 Stable -
151 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Sep-23 Maintain BFR 2 Stable -
152 Global Marketing Services
Press Release | Report | History
Pharmaceutical Entity 19-Sep-23 Maintain BBB A2 Stable -
153 U Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 15-Sep-23 Maintain A+ A1 Stable -
154 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 15-Sep-23 Maintain BBB A2 Stable -
155 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Chemical Entity 14-Sep-23 Maintain A- A2 Stable -
156 Berger Paints Pakistan Limited
Press Release | Report | History
Chemical Entity 14-Sep-23 Maintain A- A2 Stable -
157 Pak Oman Asset Management
Press Release | Report | History
Asset Managers Asset Manager 14-Sep-23 Maintain AM3++ Stable -
158 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 13-Sep-23 Initial A- A2 Stable -
159 NIT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA-(f) Stable -
160 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Sugar Entity 08-Sep-23 Maintain A- A2 Stable -
161 MCB Pakistan Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA-(f) Stable -
162 Lakson Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA+(f) Stable -
163 Pakistan Income Enhancement Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain A+(f) Stable -
164 Alhamra Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA-(f) Stable -
165 Lakson Islamic Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 08-Sep-23 Maintain AA(f) Stable -
166 AKD Aggressive Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain A+(f) Stable -
167 Din Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 08-Sep-23 Maintain A- A2 Stable -
168 NIT Government Bond Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA(f) Stable -
169 Alhamra Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA-(f) Stable -
170 MCB DCF Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA-(f) Stable -
171 Lakson Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain A+(f) Stable Yes
172 AKD Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA+(f) Stable -
173 NIT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA-(f) Stable -
174 MCB Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA+(f) Stable -
175 Pakistan Cash Management Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Sep-23 Maintain AA+(f) Stable -
176 Fazal Cloth Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Sep-23 Maintain A A1 Stable -
177 AKD Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Sep-23 Maintain AA-(f) Stable -
178 Bestway Cement Limited
Press Release | Report | History
Cement Entity 06-Sep-23 Maintain AA- A1+ Stable -
179 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 05-Sep-23 Maintain AA- A1 Stable -
180 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Entity 04-Sep-23 Initial BBB+ A2 Stable -
181 AL Habib Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AA(f) Stable -
182 AL Habib Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AA(f) Stable -
183 AL Habib Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AA(f) Stable -
184 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AA+(f) Stable -
185 AL Habib Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AA+(f) Stable -
186 Martin Dow Limited
Press Release | Report | History
Pharmaceutical Entity 01-Sep-23 Downgrade A A2 Stable -
187 Pakistan Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AA-(f) Stable -
188 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 01-Sep-23 Maintain A A1 Stable -
189 NIT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Sep-23 Maintain AAA(f) Stable Yes
190 Nayatel (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 01-Sep-23 Maintain A A1 Stable -
191 Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 31-Aug-23 Upgrade AM2++ Stable -
192 JS Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-Aug-23 Initial AA+(f) Stable -
193 Golden Packages (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Aug-23 Maintain BBB A2 Stable -
194 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | TBI
Press Release | Report | History
Debt Instrument 29-Aug-23 Preliminary AA A1 Stable -
195 Cnergyico Pk Limited ( Formerly: Byco Petroleum Pakistan Limited )
Press Release | Report | History
Refineries Entity 28-Aug-23 Maintain A- A2 Stable Yes
196 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Power Debt Instrument 28-Aug-23 Maintain AA- Stable -
197 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 28-Aug-23 Maintain A- A2 Stable -
198 Be Energy Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 25-Aug-23 Maintain A+ A1 Stable -
199 Asia Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain A++ (ifs) Stable Yes
200 Shaheen Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain A+ (ifs) Stable -
201 IGI Finex Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Aug-23 Maintain BFR 2+ Stable -
202 IGI Finex Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Aug-23 Maintain BMR2+ Stable -
203 Premier Insurance Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Downgrade A (ifs) Stable -
204 Lakson Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 25-Aug-23 Maintain AM2+ Stable -
205 Atlas Insurance Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain AA+ (ifs) Stable -
206 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Construction Entity 24-Aug-23 Maintain A- A2 Stable -
207 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 23-Aug-23 Maintain BBB- A2 Stable -
208 Maaksons Engineering Corporation Limited
Press Release | Report | History
Construction Entity 23-Aug-23 Maintain BBB+ A2 Stable -
209 Tufail Chemical Industries Limited
Press Release | Report | History
Chemical Entity 23-Aug-23 Maintain A- A2 Stable -
210 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | TBI
Press Release | Report | History
Steel Debt Instrument 21-Aug-23 Preliminary AA- Stable -
211 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Coal Mining and Trading Entity 19-Aug-23 Upgrade A- A2 Stable -
212 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Microfinance Debt Instrument 18-Aug-23 Maintain AA- Stable -
213 Packages Convertors Limited
Press Release | Report | History
Paper and Packaging Entity 18-Aug-23 Maintain AA- A1 Stable -
214 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 17-Aug-23 Maintain A+(f) Stable Yes
215 Askari High Yield Scheme
Press Release | Report | History
Mutual Funds Stability Rating 17-Aug-23 Maintain A(f) Stable -
216 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Mutual Funds Stability Rating 17-Aug-23 Maintain A+(f) Stable -
217 Golden Arrow Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Aug-23 Same 5-Star 3-Star -
218 NBP Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 3-Star 3-Star -
219 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 3-Star 2-Star -
220 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Power Entity 15-Aug-23 Upgrade A+ A1 Stable -
221 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 5-Star 5-Star -
222 NBP Balanced Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 4-Star 3-Star -
223 Faysal Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 4-Star 2-Star -
224 AKD Opportunity Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 4-Star 3-Star -
225 AKD Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 4-Star 1-Star -
226 First Capital Mutual Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Improved 3-Star 3-Star -
227 NBP Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 3-Star 3-Star -
228 NBP Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 3-Star 3-Star -
229 Faysal Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-23 Same 5-Star 2-Star -
230 AL Habib Asset Management Limited (Formerly: Habib Asset Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 12-Aug-23 Maintain AM2+ Stable -
231 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Industrial Gases Debt Instrument 11-Aug-23 Maintain A Stable -
232 National Transmission & Despatch Company Limited
Press Release | Report | History
Distribution | Electricity Entity 11-Aug-23 Maintain AA+ A1+ Stable -
233 EcoPack Limited
Press Release | Report | History
Paper and Packaging Entity 10-Aug-23 Maintain BBB A2 Stable Yes
234 AWT Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 04-Aug-23 Maintain AM3++ Positive -
235 Pak Suzuki Motor Company Limited
Press Release | Report | History
Passenger Cars Entity 04-Aug-23 Maintain AA- A1 Stable -
236 Mekotex (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 04-Aug-23 Maintain A- A2 Stable -
237 Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited)
Press Release | Report | History
Tyres Entity 01-Aug-23 Maintain A+ A1 Stable Yes
238 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Technology Entity 01-Aug-23 Maintain A- A2 Stable -
239 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 27-Jul-23 Maintain AA A1+ Stable -
240 Honda Centre (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 27-Jul-23 Maintain BBB A2 Stable -
241 The Universal Insurance Company Limited
Press Release | Report | History
General Insurance IFS 27-Jul-23 Maintain A (ifs) Stable -
242 Apna Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 27-Jul-23 Downgrade BBB- A4 Negative Yes
243 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jul-23 Maintain A A2 Stable -
244 Fauji Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 27-Jul-23 Maintain AA+ A1+ Stable -
245 Engro Fertilizers Limited
Press Release | Report | History
Fertilizer Entity 27-Jul-23 Maintain AA A1+ Stable -
246 WAPDA Dasu Sukuk-D
Press Release | Report | History
Power Debt Instrument 25-Jul-23 Preliminary AAA Stable -
247 Pakistan Oxygen Limited
Press Release | Report | History
Industrial Gases Entity 25-Jul-23 Maintain A A1 Stable -
248 WAPDA Dasu TFC-D
Press Release | Report | History
Power Debt Instrument 25-Jul-23 Preliminary AAA Stable -
249 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Hotel & Retail Industry Debt Instrument 25-Jul-23 Downgrade BBB Negative Yes
250 Pakistan Services Limited
Press Release | Report | History
Hotel & Retail Industry Entity 25-Jul-23 Downgrade BBB A3 Negative Yes
251 Fatima Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 24-Jul-23 Maintain AA+ A1+ Stable -
252 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 21-Jul-23 Maintain AA+ A1+ Stable -
253 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Towel Entity 20-Jul-23 Maintain BBB A2 Positive -
254 Medipak Limited
Press Release | Report | History
Pharmaceutical Entity 20-Jul-23 Initial BBB+ A2 Stable -
255 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Jul-23 Maintain BMR2+ Stable -
256 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Microfinance Debt Instrument 19-Jul-23 Downgrade B- Negative Yes
257 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 5bln | TBI
Press Release | Report | History
Commercial Bank Debt Instrument 19-Jul-23 Preliminary AA- Stable -
258 The Bank of Punjab | Tier 2 Capital TFC | PKR 10bln | TBI
Press Release | Report | History
Commercial Bank Debt Instrument 19-Jul-23 Preliminary AA Stable -
259 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Jul-23 Maintain BFR 2+ Stable -
260 Sindh Engro Coal Mining Company
Press Release | Report | History
Coal Mining and Trading Entity 19-Jul-23 Maintain AA A1+ Stable -
261 State Life Insurance Corporation of Pakistan
Press Release | Report | History
Life Insurance IFS 18-Jul-23 Maintain AAA (ifs) Stable -
262 National Rural Support Programme
Press Release | Report | History
Microfinance Entity 17-Jul-23 Initial A- A2 Stable -
263 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 14-Jul-23 Initial A- A2 Stable -
264 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-23 Maintain AA- Stable Yes
265 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain A+ A1 Stable -
266 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-23 Maintain AA- Stable -
267 Engro Polymer & Chemicals Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain AA A1+ Stable -
268 Diamond Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 14-Jul-23 Maintain A- A2 Stable -
269 Steelex (Pvt.) Limited
Press Release | Report | History
Steel Entity 14-Jul-23 Maintain BBB- A2 Stable -
270 Nimir Resins Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain A- A2 Stable -
271 Liberty Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Jul-23 Maintain A+ A1 Stable -
272 Askari Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 07-Jul-23 Maintain A (ifs) Stable -
273 Samba Bank Limited
Press Release | Report | History
Commercial Bank Entity 06-Jul-23 Initial AA A1 Stable -
274 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Machinery Entity 06-Jul-23 Initial A- A2 Stable -
275 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Distribution | Gas Entity 04-Jul-23 Maintain AA- A1 Stable -
276 Pak Elektron Limited
Press Release | Report | History
Household Appliances Entity 04-Jul-23 Maintain A+ A1 Stable -
277 Alhamra Wada Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jul-23 Maintain AA(f) Stable -
278 MCB Pakistan Fixed Return Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jul-23 Maintain AA+(f) Stable -
279 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Steel Entity 03-Jul-23 Maintain BBB A2 Stable -
280 AKD Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Jun-23 Maintain AM3++ Positive -
281 Tata Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-23 Maintain A A1 Stable -
282 Saif Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-23 Maintain A- A2 Stable Yes
283 Pak Oman Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Jun-23 Maintain AA(f) Stable -
284 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Commercial Bank Debt Instrument 27-Jun-23 Maintain AAA Stable -
285 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Commercial Bank Debt Instrument 27-Jun-23 Maintain AA+ Stable -
286 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 27-Jun-23 Maintain AAA Stable -
287 Bank of Khyber
Press Release | Report | History
Commercial Bank Entity 27-Jun-23 Maintain A+ A1 Stable -
288 GuarantCo Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 27-Jun-23 Maintain AAA A1+ Stable -
289 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Tyres Entity 27-Jun-23 Initial A- A2 Stable -
290 JS Investments Limited | RMR
Press Release | Report | History
Real Estate REIT Manager Rating 27-Jun-23 Maintain RM 3 Stable -
291 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Commercial Bank Debt Instrument 27-Jun-23 Maintain AA+ Stable -
292 First Women Bank Limited
Press Release | Report | History
Commercial Bank Entity 27-Jun-23 Maintain A- A2 Developing Yes
293 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Bank Debt Instrument 27-Jun-23 Maintain AAA Stable -
294 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 27-Jun-23 Maintain BBB A2 Stable -
295 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Commercial Bank Debt Instrument 27-Jun-23 Maintain AA- Stable -
296 Kohat Textile Mills Limited
Press Release | Report | History
Spinning Entity 26-Jun-23 Maintain A- A2 Stable -
297 Dawood Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A+ (ifs) Stable -
298 The Bank of Punjab
Press Release | Report | History
Commercial Bank Entity 26-Jun-23 Maintain AA+ A1+ Stable -
299 IGI Life Insurance Company
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
300 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Commercial Bank Debt Instrument 26-Jun-23 Maintain AA Stable -
301 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 26-Jun-23 Maintain AAA A1+ Stable -
302 Pak-Qatar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
303 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Commercial Bank Debt Instrument 26-Jun-23 Maintain AA- Stable -
304 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Commercial Bank Debt Instrument 26-Jun-23 Initial AA Stable -
305 TPL Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A (ifs) Stable -
306 Yunus Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 26-Jun-23 Maintain AA- A1+ Stable -
307 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Distribution | Gas Entity 26-Jun-23 Initial AA A1+ Stable -
308 Adamjee Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
309 BankIslami Pakistan Limited | Modaraba Sukuk
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-23 Upgrade A Stable -
310 BankIslami Pakistan Limited | Modaraba Sukuk | Additional Tier 1 | TBI
Press Release | Report | History
Commercial Bank Debt Instrument 24-Jun-23 Preliminary A Stable -
311 Bank Alfalah Limited
Press Release | Report | History
Commercial Bank Entity 24-Jun-23 Maintain AA+ A1+ Stable -
312 BankIslami Pakistan Limited
Press Release | Report | History
Commercial Bank Entity 24-Jun-23 Upgrade AA- A1 Stable -
313 Pak-Libya Holding Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 24-Jun-23 Maintain AA- A1+ Positive -
314 Mahmood Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A2 Stable -
315 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Commercial Bank Debt Instrument 23-Jun-23 Maintain A Stable -
316 Siddiqsons Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A1 Stable -
317 Habib Metropolitan Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA+ A1+ Stable -
318 Al Meezan Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Jun-23 Maintain AM1 Stable -
319 MCB Islamic Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain A A1 Stable -
320 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Commercial Bank Debt Instrument 23-Jun-23 Maintain A Stable -
321 Roomi Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A2 Stable -
322 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA+ A1+ Stable -
323 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA A1+ Stable -
324 National Bank of Pakistan
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
325 Faysal Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA A1+ Stable -
326 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Jun-23 Maintain BFR 2 Stable -
327 PAIR Investment Company Limited
Press Release | Report | History
DFIs Entity 23-Jun-23 Maintain AA A1+ Stable -
328 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
329 ACT Wind (Pvt.) Limited
Press Release | Report | History
Power Entity 23-Jun-23 Maintain A+ A1 Stable -
330 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Jun-23 Maintain BMR2 Stable -
331 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
DFIs Entity 23-Jun-23 Maintain AA A1+ Stable Yes
332 Bank AL Habib Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
333 JS Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA- A1+ Stable -
334 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Jun-23 Maintain BB A3 Stable -
335 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 23-Jun-23 Maintain A+ Stable -
336 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Commercial Bank Debt Instrument 23-Jun-23 Maintain AA- Stable -
337 Askari Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA+ A1+ Stable -
338 E-Vision Manufacturing Limited
Press Release | Report | History
Polyester Entity 23-Jun-23 Maintain BBB A2 Positive -
339 MCB Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
340 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Bank Debt Instrument 23-Jun-23 Maintain AA Stable -
341 Soneri Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA- A1+ Stable -
342 Allied Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
343 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Commercial Bank Debt Instrument 23-Jun-23 Maintain A+ Stable -
344 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Rice Entity 22-Jun-23 Maintain A- A2 Stable -
345 NBP Fund Management Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Jun-23 Maintain AM1 Stable -
346 The Hub Power Company Limited | PPSTS | PKR 6bln | May-23
Press Release | Report | History
Power Debt Instrument 22-Jun-23 Initial AA+ A1+ Stable -
347 VMS Trading Company
Press Release | Report | History
Rice Entity 22-Jun-23 Initial BBB A2 Stable -
348 Narowal Energy Limited
Press Release | Report | History
Power Entity 22-Jun-23 Maintain AA- A1+ Stable -
349 K-Electric Limited
Press Release | Report | History
Distribution | Electricity Entity 21-Jun-23 Maintain AA A1+ Stable Yes
350 The Hub Power Company Limited
Press Release | Report | History
Power Entity 21-Jun-23 Maintain AA+ A1+ Stable -
351 Olympia Chemicals Limited
Press Release | Report | History
Chemical Entity 20-Jun-23 Maintain A- A1 Stable -
352 Kashf Foundation | PPTFC | PKR 2.5bln | TBI
Press Release | Report | History
Microfinance Debt Instrument 19-Jun-23 Preliminary AAA Stable -
353 Alfalah Insurance Company Limited
Press Release | Report | History
General Insurance IFS 16-Jun-23 Maintain AA+ (ifs) Stable -
354 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Coal Mining and Trading Entity 16-Jun-23 Maintain A A2 Developing Yes
355 Packages Limited
Press Release | Report | History
Holding Company Entity 16-Jun-23 Upgrade AA+ A1+ Stable -
356 Alhamra Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 16-Jun-23 Initial AA+(f) Stable -
357 Nishat Hotels and Properties Ltd
Press Release | Report | History
Hotel & Retail Industry Entity 16-Jun-23 Maintain A- A2 Positive -
358 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 16-Jun-23 Maintain BBB+ A2 Stable -
359 Aslam Energy (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 16-Jun-23 Maintain BBB+ A2 Stable -
360 UBL Special Savings Plan – III under UBL Special Savings Fund (USSP-III)
Press Release | Report | History
Mutual Funds Capital Preservation Rating 14-Jun-23 Maintain CP2+ Stable -
361 UBL Special Savings Plan – IV under UBL Special Savings Fund (USSP-IV)
Press Release | Report | History
Mutual Funds Capital Preservation Rating 14-Jun-23 Maintain CP2+ Stable -
362 UBL Special Savings Plan – V under UBL Special Savings Fund (USSP-V)
Press Release | Report | History
Mutual Funds Capital Preservation Rating 14-Jun-23 Maintain CP2+ Stable -
363 UBL Special Savings Plan – VI under UBL Special Savings Fund (USSP-VI)
Press Release | Report | History
Mutual Funds Capital Preservation Rating 14-Jun-23 Maintain CP2+ Stable -
364 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Jun-23 Maintain BFR 3 Stable -
365 UBL Special Savings Plan – II under UBL Special Savings Fund (USSP-II)
Press Release | Report | History
Mutual Funds Capital Preservation Rating 14-Jun-23 Maintain CP2+ Stable -
366 Ghani Chemical Industries Limited
Press Release | Report | History
Industrial Gases Entity 13-Jun-23 Maintain A A1 Stable -
367 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 13-Jun-23 Maintain BFR 3 Stable -
368 JS Bank Limited | Tier 2 TFC | PKR 4bln | TBI
Press Release | Report | History
Commercial Bank Debt Instrument 12-Jun-23 Preliminary A+ Stable -
369 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 12-Jun-23 Initial BBB- A2 Positive -
370 TRAFCO Insurance Company Limited
Press Release | Report | History
General Insurance IFS 09-Jun-23 Upgrade BBB++ (ifs) Stable -
371 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Power Entity 09-Jun-23 Maintain AA- A1 Stable -
372 Pakistan Refinery Limited
Press Release | Report | History
Refineries Entity 09-Jun-23 Maintain A- A2 Stable Yes
373 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food Products Entity 08-Jun-23 Maintain A- A2 Stable -
374 Pioneer Cement Limited
Press Release | Report | History
Cement Entity 07-Jun-23 Maintain A A2 Stable -
375 Lucky Electric Power Company Limited | PPSTS-10 | PKR 6bln | Apr23
Press Release | Report | History
Power Debt Instrument 07-Jun-23 Initial AA A1+ Stable -
376 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jun-23 Maintain AA(f) Stable -
377 Martin Dow Marker Limited
Press Release | Report | History
Pharmaceutical Entity 02-Jun-23 Maintain A+ A1 Stable -
378 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jun-23 Maintain A(f) Stable -
379 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Oil Transportation & Storage Entity 02-Jun-23 Maintain AAA A1+ Stable -
380 China Power Hub Generation Company (Pvt.) Limited | PPSTS-3 | PKR 7bln | Mar-23
Press Release | Report | History
Power Debt Instrument 02-Jun-23 Initial AA+ A1+ Stable -
381 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jun-23 Maintain A+(f) Stable -
382 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jun-23 Maintain A+(f) Stable -
383 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 02-Jun-23 Maintain AA+ Stable -
384 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jun-23 Maintain AA(f) Stable -
385 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jun-23 Maintain AA(f) Stable -
386 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Composite and Garments Entity 01-Jun-23 Upgrade A A1 Stable -
387 EFU General Insurance Limited
Press Release | Report | History
General Insurance IFS 01-Jun-23 Maintain AA++ (ifs) Stable -
388 Gas & Oil Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 01-Jun-23 Maintain A+ A1 Stable -
389 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 01-Jun-23 Maintain A- A2 Stable -
390 Panther Tyres Limited
Press Release | Report | History
Tyres Entity 29-May-23 Maintain A A1 Stable -
391 Attock Refinery Limited
Press Release | Report | History
Refineries Entity 26-May-23 Maintain AA A1+ Stable Yes
392 National Refinery Limited
Press Release | Report | History
Refineries Entity 26-May-23 Maintain AA+ A1+ Negative Yes
393 Master Green Energy Limited
Press Release | Report | History
Power Entity 24-May-23 Maintain A A1 Stable -
394 National Investment Trust Limited
Press Release | Report | History
Asset Managers Asset Manager 24-May-23 Maintain AM1 Stable -
395 Ziauddin University
Press Release | Report | History
Education Entity 23-May-23 Maintain BBB A2 Stable -
396 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 19-May-23 Maintain AA A1+ Stable -
397 Pakistan Mobile Communications Limited
Press Release | Report | History
Telecommunication Entity 19-May-23 Maintain AA A1 Stable -
398 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 18-May-23 Maintain A A1 Stable -
399 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 17-May-23 Maintain BFR 3+ Stable -
400 Descon Oxychem Limited
Press Release | Report | History
Chemical Entity 17-May-23 Maintain A+ A1 Stable -
401 Crown Textile
Press Release | Report | History
Composite and Garments Entity 16-May-23 Maintain BBB- A2 Stable -
402 Entertainment Pakistan Limited
Press Release | Report | History
Real Estate Entity 16-May-23 Maintain BB A3 Stable -
403 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 15-May-23 Initial BBB- A2 Stable -
404 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Relief Entity 13-May-23 Upgrade A- A2 Stable -
405 KTRADE Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-May-23 Upgrade BFR 2 Stable -
406 Sitara Petroleum Service Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 11-May-23 Maintain A- A2 Stable -
407 Amreli Steels Limited
Press Release | Report | History
Steel Entity 10-May-23 Maintain A- A2 Stable -
408 TPL Insurance Limited
Press Release | Report | History
General Insurance IFS 05-May-23 Maintain AA (ifs) Stable -
409 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-May-23 Maintain BBB A2 Stable -
410 Sefam (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 02-May-23 Maintain A- A2 Stable -
411 Infra Zamin Pakistan Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 02-May-23 Maintain AAA A1+ Stable -
412 AL Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-May-23 Maintain BBB A2 Stable Yes
413 Nishat Mills Limited
Press Release | Report | History
Composite and Garments Entity 02-May-23 Maintain AA A1+ Stable -
414 Mobilink Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain A A1 Stable -
415 Telenor Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain A A1 Stable Yes
416 Pakistan Synthetics Limited
Press Release | Report | History
Paper and Packaging Entity 28-Apr-23 Maintain A- A2 Stable -
417 AGAHE Pakistan
Press Release | Report | History
Microfinance Entity 28-Apr-23 Maintain BBB- A3 Stable -
418 Alfalah CLSA Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 28-Apr-23 Maintain BFR 2+ Stable -
419 TPL Properties Limited
Press Release | Report | History
Real Estate Entity 28-Apr-23 Maintain A+ A1 Stable -
420 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 28-Apr-23 Maintain A- A1 Stable -
421 Rustam Towel (Pvt.) Limited
Press Release | Report | History
Towel Entity 28-Apr-23 Maintain BBB A2 Stable -
422 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 27-Apr-23 Maintain A A1 Stable -
423 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Power Entity 27-Apr-23 Maintain A A1 Stable -
424 Union Microfinance Company Limited
Press Release | Report | History
Microfinance Entity 26-Apr-23 Initial BB+ A3 Stable -
425 National Foods Limited
Press Release | Report | History
Food Products Entity 20-Apr-23 Maintain AA- A1 Stable -
426 Asif Rice Mills
Press Release | Report | History
Rice Entity 20-Apr-23 Maintain BBB+ A2 Stable -
427 Flying Cement Company Limited
Press Release | Report | History
Cement Entity 20-Apr-23 Maintain A- A2 Stable Yes
428 New Horizon Computer
Press Release | Report | History
Technology Entity 20-Apr-23 Maintain BB+ A3 Stable -
429 The United Insurance Company of Pakistan Limited
Press Release | Report | History
General Insurance IFS 19-Apr-23 Maintain AA+ (ifs) Stable -
430 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Spinning Entity 14-Apr-23 Maintain A- A2 Stable -
431 Oasis Park Residencia
Press Release | Report | History
Real Estate Project Grading 13-Apr-23 Maintain PG3+ Stable -
432 Shahzad Textile Mills Limited
Press Release | Report | History
Spinning Entity 11-Apr-23 Maintain A- A2 Stable Yes
433 Lucky Electric Power Company Limited
Press Release | Report | History
Power Entity 11-Apr-23 Maintain AA A1+ Stable -
434 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 10-Apr-23 Maintain A+ A1 Stable -
435 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 07-Apr-23 Maintain A- A2 Stable -
436 Mehran Sugar Mills Limited
Press Release | Report | History
Sugar Entity 06-Apr-23 Maintain A- A2 Stable -
437 SGM Sugar Mills Limited
Press Release | Report | History
Sugar Entity 06-Apr-23 Maintain BBB A2 Stable -
438 Noon Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain BBB+ A2 Stable -
439 Jauharabad Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain BBB+ A2 Stable -
440 First Capital Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 05-Apr-23 Maintain AM4++ Stable -
441 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-23 Maintain A- A2 Stable -
442 Lucky Tex Pakistan (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 04-Apr-23 Maintain BBB A2 Stable -
443 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Power Entity 04-Apr-23 Maintain AA A1+ Stable -
444 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-23 Maintain BB A3 Stable -
445 Mount Fuji Textiles Limited
Press Release | Report | History
Composite and Garments Entity 03-Apr-23 Initial BBB A2 Stable -
446 International Business Management
Press Release | Report | History
Paper and Packaging Entity 03-Apr-23 Maintain BB+ A3 Stable -
447 Madiha International (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-23 Maintain BB A3 Stable -
448 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 31-Mar-23 Maintain BBB A2 Stable -
449 Sargodha Jute Mills Limited
Press Release | Report | History
Jute Entity 30-Mar-23 Maintain A- A2 Stable -
450 Masood Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 30-Mar-23 Maintain A- A2 Stable -
451 Khawaja Tanneries (Pvt.) Limited
Press Release | Report | History
Leather Entity 30-Mar-23 Upgrade BBB+ A2 Stable -
452 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 30-Mar-23 Maintain BBB A2 Stable -
453 Sindh Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Mar-23 Maintain A- A2 Stable -
454 Gharibwal Cement Limited
Press Release | Report | History
Cement Entity 29-Mar-23 Maintain A A2 Stable -
455 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Spinning Entity 29-Mar-23 Initial BBB- A2 Stable -
456 JWS Pakistan
Press Release | Report | History
Microfinance Entity 28-Mar-23 Maintain BBB A3 Stable -
457 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Microfinance Entity 28-Mar-23 Maintain BBB A3 Stable -
458 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 27-Mar-23 Maintain BB+ A3 Stable -
459 Fecto Cement Limited
Press Release | Report | History
Cement Entity 24-Mar-23 Maintain A- A2 Stable Yes
460 Kohinoor Energy Limited
Press Release | Report | History
Power Entity 24-Mar-23 Maintain AA A1+ Stable -
461 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Metals Entity 22-Mar-23 Upgrade BBB+ A2 Stable -
462 Halmore Power Generation Company Limited
Press Release | Report | History
Power Entity 22-Mar-23 Maintain AA- A1 Stable -
463 Saif Power Limited
Press Release | Report | History
Power Entity 22-Mar-23 Maintain AA- A1 Stable -
464 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-23 Maintain BBB- A2 Stable -
465 Warble (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-23 Maintain BBB- A2 Stable -
466 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Weaving Entity 20-Mar-23 Initial A A1 Stable -
467 Maksons Textile (Pvt.) Limited
Press Release | Report | History
Weaving Entity 18-Mar-23 Maintain BBB- A2 Stable -
468 Unicol Limited
Press Release | Report | History
Sugar Entity 17-Mar-23 Maintain A A1 Stable -
469 Descon Engineering Limited
Press Release | Report | History
Construction Entity 17-Mar-23 Maintain AA- A1 Stable -
470 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Social Impact and Performance Rating 17-Mar-23 Initial SIP2 Stable -
471 Reliance Petrochem Industries (Pvt.) Limited
Press Release | Report | History
Chemical Entity 16-Mar-23 Maintain BBB+ A2 Stable -
472 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Sugar Entity 16-Mar-23 Maintain BBB+ A2 Stable -
473 Fauji Cement Company Limited
Press Release | Report | History
Cement Entity 15-Mar-23 Upgrade AA- A1 Stable -
474 Aba Ali Habib Securities (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 15-Mar-23 Maintain BMR2 Stable -
475 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 15-Mar-23 Maintain A- A2 Stable -
476 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 13-Mar-23 Initial BBB A2 Stable -
477 5th Pillar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 09-Mar-23 Initial A+ (ifs) Stable -
478 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 09-Mar-23 Maintain BFR 3+ Stable -
479 Jubilee Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 07-Mar-23 Initial AA++ (ifs) Stable -
480 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Mar-23 Upgrade AA- A1 Stable -
481 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 04-Mar-23 Maintain A+ A1 Stable -
482 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Modaraba & NBFCs Entity 03-Mar-23 Maintain AA A1+ Stable -
483 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Spinning Entity 03-Mar-23 Maintain BBB A2 Stable Yes
484 Masood Spinning Mills Limited
Press Release | Report | History
Spinning Entity 03-Mar-23 Maintain A- A2 Stable -
485 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Modaraba & NBFCs Entity 03-Mar-23 Maintain AA+ A1+ Stable -
486 D.G. Khan Cement Company Limited
Press Release | Report | History
Cement Entity 03-Mar-23 Maintain AA- A1+ Stable -
487 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Modaraba & NBFCs Debt Instrument 03-Mar-23 Maintain AA+ Stable -
488 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Media Entity 03-Mar-23 Maintain BBB+ A2 Stable -
489 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
POL Distribution - OMCs & Dealers Debt Instrument 03-Mar-23 Maintain AA- Stable -
490 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Spinning Entity 03-Mar-23 Maintain BBB- A3 Stable Yes
491 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-Mar-23 Maintain BBB A2 Stable -
492 Adamjee Insurance Company Limited
Press Release | Report | History
General Insurance IFS 02-Mar-23 Maintain AA++ (ifs) Stable -
493 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 02-Mar-23 Upgrade A- A2 Stable -
494 Poly Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 02-Mar-23 Initial A- A2 Stable -
495 FINCA Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 01-Mar-23 Downgrade A- A2 Developing Yes
496 Liberty Wind Power 2 Limited
Press Release | Report | History
Power Entity 01-Mar-23 Upgrade A A2 Stable -
497 Liberty Wind Power 1 Limited
Press Release | Report | History
Power Entity 01-Mar-23 Upgrade A A2 Stable -
498 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 24-Feb-23 Maintain A- A2 Stable -
499 IGI General Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Feb-23 Maintain AA+ (ifs) Stable -
500 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Feb-23 Upgrade A A1 Stable -
501 Sapphire Electric Company Limited
Press Release | Report | History
Power Entity 22-Feb-23 Maintain AA- A1+ Stable -
502 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Spinning Entity 22-Feb-23 Maintain A- A2 Stable -
503 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 21-Feb-23 Initial A+ A1 Stable -
504 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Sugar Entity 20-Feb-23 Maintain BBB A2 Stable -
505 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Feb-23 Maintain BBB A2 Stable -
506 Maqbool Textile Mills Limited
Press Release | Report | History
Spinning Entity 18-Feb-23 Maintain BBB+ A2 Stable Yes
507 Gul Ahmed Electric Limited
Press Release | Report | History
Power Entity 17-Feb-23 Upgrade A A2 Stable -
508 Nishat Paper Products Company Limited
Press Release | Report | History
Paper and Packaging Entity 17-Feb-23 Maintain A A1 Stable -
509 Bank Alfalah Limited | TFCs | Series A
Press Release | Report | History
Commercial Bank Debt Instrument 16-Feb-23 Maintain AAA Stable -
510 Askari General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 14-Feb-23 Maintain AA+ (ifs) Stable -
511 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 14-Feb-23 Initial AA- Stable -
512 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 10-Feb-23 Maintain A- A2 Stable -
513 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Edible Oil Entity 10-Feb-23 Maintain BBB- A3 Positive -
514 EGAS (Pvt.) Limited
Press Release | Report | History
Distribution | Gas Entity 10-Feb-23 Maintain BBB A2 Stable -
515 Punjab Oil Mills Limited
Press Release | Report | History
Edible Oil Entity 10-Feb-23 Maintain BBB+ A2 Stable -
516 BMA Investment Advisors Limited (Formerly BMA Asset Management Company Limited)
Press Release | Report | History
Asset Managers Investment Advisor Rating 10-Feb-23 Upgrade AM2 (ia) Stable -
517 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Edible Oil Entity 09-Feb-23 Upgrade BBB+ A2 Stable -
518 Pak Qatar General Takaful Limited
Press Release | Report | History
General Insurance IFS 08-Feb-23 Maintain A+ (ifs) Stable -
519 Ibrahim Fibres Limited
Press Release | Report | History
Polyester Entity 08-Feb-23 Maintain AA A1+ Stable -
520 Denim-E (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 07-Feb-23 Maintain BBB- A2 Stable -
521 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Microfinance Debt Instrument 02-Feb-23 Initial A- Stable -
522 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 02-Feb-23 Maintain BBB- A3 Stable -
523 Salaam Takaful Limited (Formerly: Takaful Pakistan Limited)
Press Release | Report | History
General Insurance IFS 01-Feb-23 Maintain A++ (ifs) Stable -
524 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 31-Jan-23 Maintain A- A2 Stable Yes
525 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Construction Entity 31-Jan-23 Maintain BBB A2 Stable -
526 Jasons Commodities
Press Release | Report | History
Rice Entity 31-Jan-23 Maintain BBB- A2 Stable -
527 Sindh Insurance Limited
Press Release | Report | History
General Insurance IFS 31-Jan-23 Maintain A++ (ifs) Stable -
528 Zahir Khan & Brothers
Press Release | Report | History
Construction Entity 31-Jan-23 Maintain A A2 Stable -
529 Sui Southern Gas Company Limited
Press Release | Report | History
Distribution | Gas Entity 31-Jan-23 Upgrade A+ A1 Stable Yes
530 KAM International
Press Release | Report | History
Composite and Garments Entity 27-Jan-23 Maintain A- A2 Stable -
531 Crescent Star Insurance Limited
Press Release | Report | History
General Insurance IFS 27-Jan-23 Maintain A (ifs) Stable Yes
532 Al Barka Fabrics (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-23 Maintain BBB+ A2 Stable -
533 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-23 Maintain BBB- A2 Stable -
534 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-23 Maintain A- A1 Stable -
535 Kohat Cement Company Limited
Press Release | Report | History
Cement Entity 26-Jan-23 Maintain A A1 Positive -
536 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Jan-23 Initial BBB A2 Stable -
537 Oursun Pakistan Limited
Press Release | Report | History
Power Entity 23-Jan-23 Maintain A A1 Stable -
538 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Power Entity 18-Jan-23 Upgrade A- A2 Stable -
539 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Jan-23 Upgrade BBB A2 Stable -
540 H. Sheikh Noor-ud-Din & Sons (Private) Limited
Press Release | Report | History
Relief Entity 18-Jan-23 Maintain BBB A2 Stable -
541 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 18-Jan-23 Maintain BBB A2 Stable -
542 BRB Properties Builders and Developers
Press Release | Report | History
Real Estate Entity 17-Jan-23 Maintain BB+ A3 Stable -
543 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 17-Jan-23 Initial BBB A2 Stable -
544 Loads Limited
Press Release | Report | History
Automotive Parts Entity 16-Jan-23 Maintain A A1 Negative Yes
545 Spud Energy Pty Limited (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 13-Jan-23 Maintain A A1 Stable -
546 Ahmed Hassan Spinning Limited
Press Release | Report | History
Spinning Entity 11-Jan-23 Maintain BBB A2 Negative Yes
547 Foundation Power Company Daharki Limited
Press Release | Report | History
Power Entity 06-Jan-23 Maintain AA- A1+ Stable -
548 ISE Towers REIT Management Company Limited
Press Release | Report | History
Modaraba & NBFCs Entity 06-Jan-23 Maintain A A1 Stable -
549 JS Rental REIT
Press Release | Report | History
Real Estate Rental REIT Fund 03-Jan-23 Initial A+(rr) Stable -
550 Multi Resin Industries
Press Release | Report | History
Chemical Entity 03-Jan-23 Maintain BBB- A2 Stable -
551 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 31-Dec-22 Maintain A- A2 Stable -
552 Sayban International
Press Release | Report | History
Pesticides Entity 31-Dec-22 Upgrade BBB- A2 Stable -
553 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 30-Dec-22 Maintain AA- A1 Stable -
554 Novapack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 30-Dec-22 Initial BBB- A3 Stable -
555 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Power Entity 30-Dec-22 Maintain AA+ A1+ Stable -
556 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Weaving Entity 30-Dec-22 Initial BBB+ A2 Stable -
557 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 30-Dec-22 Maintain BBB A2 Stable -
558 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Furniture & Fixtures Entity 30-Dec-22 Maintain A- A2 Stable -
559 Cherat Cement Company Limited
Press Release | Report | History
Cement Entity 28-Dec-22 Maintain A+ A1 Stable -
560 HBL Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 28-Dec-22 Maintain A+ A1 Stable -
561 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Steel Entity 28-Dec-22 Upgrade BB+ A3 Stable -
562 Al Rahim Textile Industries Limited
Press Release | Report | History
Towel Entity 28-Dec-22 Upgrade A A1 Stable -
563 JS Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Dec-22 Upgrade AM2+ Stable -
564 EFG Hermes Pakistan Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Dec-22 Maintain BMR2+ Stable -
565 TPL REIT Fund I
Press Release | Report | History
Real Estate REIT Fund Rating 23-Dec-22 Initial RFR 3+ Stable -
566 Cherat Packaging Limited
Press Release | Report | History
Paper and Packaging Entity 23-Dec-22 Maintain A A1 Positive -
567 Siddiqsons Tinplate Limited
Press Release | Report | History
Paper and Packaging Entity 23-Dec-22 Maintain A- A2 Stable -
568 786 Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Dec-22 Maintain AM3 Stable -
569 Pakistan National Shipping Corporation
Press Release | Report | History
Shipping Entity 23-Dec-22 Maintain AA A1+ Stable -
570 Tariq Glass Industries Limited
Press Release | Report | History
Glass Entity 23-Dec-22 Maintain A+ A1 Stable -
571 EFG Hermes Pakistan Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Dec-22 Maintain BFR 2+ Stable -
572 TPL Trakker Limited
Press Release | Report | History
Tracking Services Entity 23-Dec-22 Maintain A- A2 Stable -
573 TOTAL PARCO Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 23-Dec-22 Initial AAA A1+ Stable -
574 Atlas Asset Management Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Dec-22 Maintain AM2+ Stable -
575 TPL REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 23-Dec-22 Maintain RM 3+ Stable -
576 Reliance Weaving Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Dec-22 Maintain A A2 Stable -
577 EFG Hermes Pakistan Limited
Press Release | Report | History
Brokerage & Securities Entity 23-Dec-22 Maintain A- A1 Stable -
578 EXIDE Pakistan Limited
Press Release | Report | History
Batteries Entity 22-Dec-22 Maintain BBB A2 Stable -
579 United Ethanol Industries Limited
Press Release | Report | History
Sugar Entity 22-Dec-22 Maintain A- A2 Stable -
580 Swat Agro Chemicals
Press Release | Report | History
Pesticides Entity 21-Dec-22 Initial BBB- A2 Stable -
581 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-22 Maintain A- A2 Stable -
582 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Microfinance Debt Instrument 21-Dec-22 Maintain A- Negative Yes
583 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-22 Maintain A- A2 Stable -
584 WAPDA | Sukuk | May-17
Press Release | Report | History
Power Debt Instrument 16-Dec-22 Maintain AAA Stable -
585 WAPDA | PPTFC | May-17
Press Release | Report | History
Power Debt Instrument 16-Dec-22 Maintain AAA Stable -
586 Arif Habib Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 16-Dec-22 Maintain BFR 1 Stable -
587 Arif Habib Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 16-Dec-22 Maintain BMR1 Stable -
588 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 16-Dec-22 Maintain AA A1+ Stable -
589 MACPAC Films Limited
Press Release | Report | History
Paper and Packaging Entity 16-Dec-22 Maintain BBB A2 Stable -
590 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Construction Entity 15-Dec-22 Upgrade A- A2 Stable -
591 JS Global Capital Limited
Press Release | Report | History
Brokerage & Securities Entity 14-Dec-22 Maintain AA A1+ Stable -
592 JS Global Capital Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 14-Dec-22 Maintain BMR1 Stable -
593 NRSP Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 14-Dec-22 Downgrade A- A2 Negative Yes
594 JS Global Capital Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Dec-22 Maintain BFR 1 Stable -
595 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-22 Maintain AA- A1 Stable -
596 Sapphire Retail Limited
Press Release | Report | History
Composite and Garments Entity 14-Dec-22 Maintain A- A2 Stable -
597 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-22 Initial SIP3 Stable -
598 Rural Community Development Programmes
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-22 Initial SIP3++ Stable -
599 Ismail Industries Limited
Press Release | Report | History
Food Products Entity 09-Dec-22 Upgrade A+ A1 Stable -
600 Pak Arab Refinery Limited
Press Release | Report | History
Refineries Entity 09-Dec-22 Maintain AAA A1+ Stable -
601 Habib Insurance Company Limited
Press Release | Report | History
General Insurance IFS 09-Dec-22 Maintain A++ (ifs) Stable -
602 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 09-Dec-22 Maintain BBB+ A2 Stable -
603 KSB Pumps Company Limited
Press Release | Report | History
Machinery Entity 08-Dec-22 Maintain A+ A1 Stable Yes
604 Kingcrete Builders
Press Release | Report | History
Construction Entity 02-Dec-22 Maintain BBB A2 Stable -
605 Mughal Energy Limited
Press Release | Report | History
Power Entity 01-Dec-22 Initial A A2 Stable -
606 Abhi (Pvt.) Limited
Press Release | Report | History
Modaraba & NBFCs Entity 28-Nov-22 Initial A- A2 Stable -