Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 K-Electric | PPSTS-13 | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 06-Feb-23 Preliminary AA A1+ Stable -
2 K-Electric | PPSTS-12 | PKR 5bln | Dec-22
Press Release | Report | History
Energy Debt Instrument 02-Feb-23 Initial AA A1+ Stable -
3 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 02-Feb-23 Initial A- - Stable -
4 China Power Hub Generation Company (Pvt.) Limited | PPSTS-2 | PKR 5bln | Dec-22
Press Release | Report | History
Energy Debt Instrument 02-Feb-23 Initial AA+ A1+ Stable -
5 Lucky Electric Power Company Limited | PPSTS-6 | PKR 4bln | Dec-22
Press Release | Report | History
Energy Debt Instrument 02-Feb-23 Initial AA A1+ Stable -
6 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 01-Feb-23 Initial A+ Stable -
7 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Banks Debt Instrument 30-Jan-23 Downgrade BB Developing Yes
8 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | TBI
Press Release | Report | History
Pharma and Chemicals Debt Instrument 27-Jan-23 Preliminary A Stable -
9 Loads Limited | ICP-1 | Dec-22
Press Release | Report | History
Auto and Allied Debt Instrument 27-Jan-23 Initial A A1 Stable -
10 Nishat Mills Limited | PPSTS
Press Release | Report | History
Textile & Allied Debt Instrument 26-Jan-23 Initial AA A1+ Stable -
11 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 5bln | TBI
Press Release | Report | History
Infrastructure Debt Instrument 25-Jan-23 Preliminary AA- - Stable -
12 Pak Elektron Limited | PP Sukuk
Press Release | Report | History
Consumers Goods & Services Debt Instrument 28-Dec-22 Maintain A+ A1 Stable -
13 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 21-Dec-22 Maintain A- - Negative Yes
14 Lucky Electric Power Company Limited | PPSTS-7 | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 21-Dec-22 Preliminary AA A1+ Stable -
15 U Microfinance Bank Limited | TFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 20-Dec-22 Preliminary AA- Stable -
16 Lucky Electric Power Company Limited | PPCP-2 | PKR 6bln | Nov-22
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Initial AA A1+ Stable -
17 Lucky Electric Power Company Limited | PPSTS-4 | PKR 5bln | Sep-22
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Initial AA A1+ Stable -
18 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Maintain AAA Stable -
19 Lucky Electric Power Company Limited | PPSTS-5 | PKR 7bln | Oct-22
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Initial AA A1+ Stable -
20 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Maintain AAA Stable -
21 Mughal Iron & Steel Industries Limited | PPCP | PKR 2 bln | TBI
Press Release | Report | History
Infrastructure Debt Instrument 12-Dec-22 Preliminary A+ A1 Stable -
22 K-Electric | PPSTS-11 | PKR 5bln | Oct-22
Press Release | Report | History
Energy Debt Instrument 08-Dec-22 Initial AA A1+ Stable -
23 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 08-Dec-22 Preliminary AAA Stable -
24 Byco Petroleum Pakistan Limited | Sukuk | Jan-17
Press Release | Report | History
Energy Debt Instrument 25-Nov-22 Maintain AAA - Stable -
25 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 23-Nov-22 Maintain AAA - Stable -
26 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 18-Nov-22 Maintain AAA - Stable -
27 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 26-Sep-22 Preliminary AA- - Stable -
28 Kashf Foundation | PPTFC
Press Release | Report | History
Banks Debt Instrument 24-Sep-22 Maintain A - Stable -
29 The Hub Power Company Limited | PPSTS | 4.5bln | Apr-22
Press Release | Report | History
Energy Debt Instrument 09-Sep-22 Initial AA+ A1+ Stable -
30 Lucky Electric Power Company Limited | PPSTS-2 | PKR 7bln | Jun-22
Press Release | Report | History
Energy Debt Instrument 06-Sep-22 Initial AA A1+ Stable -
31 Lucky Electric Power Company Limited | PPSTS-3 | PKR 5bln | Jul-22
Press Release | Report | History
Energy Debt Instrument 06-Sep-22 Initial AA A1+ Stable -
32 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 02-Sep-22 Initial AA- Stable -
33 K-Electric | PPSTS-7 | PKR 5bln | Aug-22
Press Release | Report | History
Energy Debt Instrument 31-Aug-22 Initial AA A1+ Stable -
34 K-Electric | PPSTS-6 | PKR 5bln | Apr-22
Press Release | Report | History
Energy Debt Instrument 31-Aug-22 Initial AA A1+ Stable -
35 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 27-Aug-22 Upgrade AA- - Stable -
36 The Hub Power Company Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 26-Aug-22 Maintain AA+ - Stable -
37 China Power Hub Generation Company (Pvt.) Limited | PPSTS | PKR 8bln | Jul-22
Press Release | Report | History
Energy Debt Instrument 22-Aug-22 Initial AA+ A1+ Stable -
38 U Microfinance Bank Limited | TFC
Press Release | Report | History
Banks Debt Instrument 18-Aug-22 Maintain AA- - Stable -
39 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Pharma and Chemicals Debt Instrument 11-Aug-22 Maintain A Stable -
40 Jahangir Siddiqui & Co. Ltd. | TFC X | Jul-17
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-22 Maintain AA+ Stable -
41 Jahangir Siddiqui & Co. Ltd. | TFC XI | Mar-18
Press Release | Report | History
Holding Company Debt Instrument 05-Aug-22 Maintain AA+ Stable -
42 BankIslami Pakistan Limited | Modaraba Sukuk | Additional Tier 1 | TBI
Press Release | Report | History
Banks Debt Instrument 15-Jul-22 Preliminary A- Positive -
43 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-22 Initial AA- Stable -
44 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-22 Initial AA- Stable -
45 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Initial AA+ Stable -
46 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Maintain AAA Stable -
47 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Maintain AA+ Stable -
48 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Maintain AAA Stable -
49 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 29-Jun-22 Initial AA- Stable -
50 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 25-Jun-22 Maintain A Stable -
51 BankIslami Pakistan Limited | Modaraba Sukuk
Press Release | Report | History
Banks Debt Instrument 25-Jun-22 Maintain A- Positive -
52 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain A Stable -
53 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA Stable -
54 The Bank of Punjab | TFC I | Dec-16
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA Stable -
55 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain A+ Stable -
56 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA Stable -
57 JS Bank Limited | TFC II
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain A+ Stable -
58 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 24-Jun-22 Maintain AA- Stable -
59 The Bank of Punjab | Tier 2 | TFC-III | TBI
Press Release | Report | History
Banks Debt Instrument 21-Jun-22 Preliminary AA Stable -
60 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 07-Jun-22 Maintain A+ - Stable -
61 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 03-Jun-22 Maintain AA+ - Stable -
62 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 27-May-22 Initial A Stable -
63 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 20-May-22 Maintain AA- Stable -
64 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 20-May-22 Preliminary AAA - Stable -
65 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 20-May-22 Preliminary AAA - Stable -
66 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 28-Apr-22 Maintain A+ - Stable -
67 The Hub Power Company Limited | Sukuk
Press Release | Report | History
Energy Debt Instrument 15-Apr-22 Maintain AA+ - Stable -
68 Pakistan Mortgage Refinance Company Limited | PP Sukuk
Press Release | Report | History
Development Institutions Debt Instrument 15-Apr-22 Maintain AAA - Stable -
69 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 24-Mar-22 Maintain A - Developing Yes
70 Pak Elektron Limited I PPCP I 1.2bln
Press Release | Report | History
Consumers Goods & Services Debt Instrument 16-Mar-22 Initial A+ A1 Stable -
71 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 08-Mar-22 Initial AA+ - Stable -
72 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 04-Mar-22 Initial AA- - Stable -
73 Bank Alfalah Limited | TFCs | Series A
Press Release | Report | History
Banks Debt Instrument 16-Feb-22 Maintain AAA - Stable -