Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 24-Nov-23 Maintain A Stable -
2 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 21-Nov-23 Maintain A+ - Stable -
3 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 20-Nov-23 Maintain AAA Stable -
4 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 17-Nov-23 Maintain AAA Stable -
5 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 17-Nov-23 Maintain AAA Stable -
6 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 17-Nov-23 Maintain AAA Stable -
7 K-Electric | PPSTS-19 | PKR 2.348bln | Aug-23
Press Release | Report | History
Energy Debt Instrument 16-Nov-23 Initial AA A1+ Stable -
8 K-Electric | PPSTS-18 | PKR 5bln | Aug-23
Press Release | Report | History
Energy Debt Instrument 16-Nov-23 Initial AA A1+ Stable -
9 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 16-Nov-23 Maintain AA- Stable -
10 Mughal Iron & Steel Industries Limited | PPCP | PKR 2 bln | Apr-23
Press Release | Report | History
Infrastructure Debt Instrument 06-Nov-23 Maintain A+ A1 Stable -
11 The Hub Power Company Limited | PPSTS | PKR 6bln | Nov-23
Press Release | Report | History
Energy Debt Instrument 06-Nov-23 Preliminary AA+ A1+ Stable -
12 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | TBI
Press Release | Report | History
Banks Debt Instrument 03-Nov-23 Preliminary A Stable -
13 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | TBI
Press Release | Report | History
Pharma and Chemicals Debt Instrument 28-Oct-23 Preliminary A+ Stable -
14 Lucky Electric Power Company Limited | PPSTS-12 | PKR 7bln | Aug23
Press Release | Report | History
Energy Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
15 Lucky Electric Power Company Limited | PPSTS-14 | PKR 7bln | Oct23
Press Release | Report | History
Energy Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
16 Lucky Electric Power Company Limited | PPSTS-13 | PKR 5bln | Sep23
Press Release | Report | History
Energy Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
17 Lucky Electric Power Company Limited | PPSTS-11 | PKR 4bln | Jun23
Press Release | Report | History
Energy Debt Instrument 25-Oct-23 Initial AA A1+ Stable -
18 TPL Properties Limited | PPTFC | PKR 2bln | TBI
Press Release | Report | History
Infrastructure Debt Instrument 23-Oct-23 Preliminary A+ A1 Stable -
19 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 16-Oct-23 Maintain A+ Stable -
20 Pakistan Mortgage Refinance Company Limited | PP Sukuk
Press Release | Report | History
Development Institutions Debt Instrument 13-Oct-23 Maintain AAA Stable -
21 The Hub Power Company Limited | Sukuk
Press Release | Report | History
Energy Debt Instrument 12-Oct-23 Maintain AA+ Stable -
22 Kashf Foundation | PPTFC
Press Release | Report | History
Banks Debt Instrument 23-Sep-23 Maintain A Stable -
23 Nishat Mills Limited | PPSTS | PKR 15bln | TBI
Press Release | Report | History
Textile & Allied Debt Instrument 22-Sep-23 Preliminary AA A1+ Stable -
24 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | TBI
Press Release | Report | History
Communication Debt Instrument 29-Aug-23 Preliminary AA A1 Stable -
25 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 28-Aug-23 Maintain AA- Stable -
26 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | TBI
Press Release | Report | History
Infrastructure Debt Instrument 21-Aug-23 Preliminary AA- Stable -
27 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Banks Debt Instrument 18-Aug-23 Maintain AA- Stable -
28 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Pharma and Chemicals Debt Instrument 11-Aug-23 Maintain A Stable -
29 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 25-Jul-23 Downgrade BBB Negative Yes
30 WAPDA Dasu Sukuk-D
Press Release | Report | History
Energy Debt Instrument 25-Jul-23 Preliminary AAA Stable -
31 WAPDA Dasu TFC-D
Press Release | Report | History
Energy Debt Instrument 25-Jul-23 Preliminary AAA Stable -
32 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Banks Debt Instrument 19-Jul-23 Downgrade B- Negative Yes
33 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 5bln | TBI
Press Release | Report | History
Banks Debt Instrument 19-Jul-23 Preliminary AA- Stable -
34 The Bank of Punjab | Tier 2 Capital TFC | PKR 10bln | TBI
Press Release | Report | History
Banks Debt Instrument 19-Jul-23 Preliminary AA Stable -
35 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-23 Maintain AA- Stable Yes
36 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 14-Jul-23 Maintain AA- Stable -
37 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 27-Jun-23 Maintain AAA Stable -
38 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 27-Jun-23 Maintain AA+ Stable -
39 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 27-Jun-23 Maintain AA- Stable -
40 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 27-Jun-23 Maintain AA+ Stable -
41 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 27-Jun-23 Maintain AAA Stable -
42 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 27-Jun-23 Maintain AAA Stable -
43 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 26-Jun-23 Maintain AA- Stable -
44 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 26-Jun-23 Maintain AA Stable -
45 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Banks Debt Instrument 26-Jun-23 Initial AA Stable -
46 BankIslami Pakistan Limited | Modaraba Sukuk | Additional Tier 1 | TBI
Press Release | Report | History
Banks Debt Instrument 24-Jun-23 Preliminary A Stable -
47 BankIslami Pakistan Limited | Modaraba Sukuk
Press Release | Report | History
Banks Debt Instrument 24-Jun-23 Upgrade A Stable -
48 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 23-Jun-23 Maintain A Stable -
49 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 23-Jun-23 Maintain AA- Stable -
50 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 23-Jun-23 Maintain A Stable -
51 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 23-Jun-23 Maintain AA Stable -
52 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 23-Jun-23 Maintain A+ Stable -
53 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 23-Jun-23 Maintain A+ Stable -
54 The Hub Power Company Limited | PPSTS | PKR 6bln | May-23
Press Release | Report | History
Energy Debt Instrument 22-Jun-23 Initial AA+ A1+ Stable -
55 Kashf Foundation | PPTFC | PKR 2.5bln | TBI
Press Release | Report | History
Banks Debt Instrument 19-Jun-23 Preliminary AAA Stable -
56 JS Bank Limited | Tier 2 TFC | PKR 4bln | TBI
Press Release | Report | History
Banks Debt Instrument 12-Jun-23 Preliminary A+ Stable -
57 Lucky Electric Power Company Limited | PPSTS-10 | PKR 6bln | Apr23
Press Release | Report | History
Energy Debt Instrument 07-Jun-23 Initial AA A1+ Stable -
58 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 02-Jun-23 Maintain AA+ Stable -
59 China Power Hub Generation Company (Pvt.) Limited | PPSTS-3 | PKR 7bln | Mar-23
Press Release | Report | History
Energy Debt Instrument 02-Jun-23 Initial AA+ A1+ Stable -
60 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 03-Mar-23 Maintain AA- Stable -
61 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 03-Mar-23 Maintain AA+ Stable -
62 Bank Alfalah Limited | TFCs | Series A
Press Release | Report | History
Banks Debt Instrument 16-Feb-23 Maintain AAA Stable -
63 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 14-Feb-23 Initial AA- Stable -
64 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 02-Feb-23 Initial A- Stable -
65 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 21-Dec-22 Maintain A- Negative Yes
66 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Maintain AAA Stable -
67 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 16-Dec-22 Maintain AAA Stable -