Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Infrastructure Entity 15-Oct-24 Maintain A+ Stable -
2 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 15-Oct-24 Maintain A+ Stable -
3 Secure Logistics Group Limited
Press Release | Report | History
Auto and Allied Entity 14-Oct-24 Maintain A+ Stable -
4 Mughal Iron & Steel Industries Limited - PPSTS - PKR 2.5bln - TBI
Press Release | Report | History
Infrastructure Debt Instrument 14-Oct-24 Preliminary A+ Stable -
5 Pakistan Mobile Communications Limited - PPSTS-II - PKR 15bln - TBI
Press Release | Report | History
Communication Debt Instrument 11-Oct-24 Preliminary AA Stable -
6 Din Energy Limited
Press Release | Report | History
Energy Entity 11-Oct-24 Maintain A Stable -
7 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 11-Oct-24 Upgrade BBB Stable -
8 Habib Construction Services Limited
Press Release | Report | History
Infrastructure Entity 11-Oct-24 Maintain BBB+ Positive -
9 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 10-Oct-24 Maintain BBB+ Stable -
10 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 10-Oct-24 Maintain BBB Stable -
11 A.J. Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Oct-24 Maintain A- Stable -
12 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24
Press Release | Report | History
Pharma and Chemicals Debt Instrument 03-Oct-24 Maintain A+ Stable -
13 Amreli Steels Limited
Press Release | Report | History
Infrastructure Entity 01-Oct-24 Downgrade BB Negative Yes
14 My Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain BBB+ Stable -
15 PakGen Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain AA Stable -
16 LalPir Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain AA Stable -
17 Gul Ahmed Wind Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain A+ Stable -
18 Parwaaz Financial Services Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 26-Sep-24 Initial A+ Stable -
19 WAPDA Dasu Sukuk-E
Press Release | Report | History
Energy Debt Instrument 26-Sep-24 Initial AAA Stable -
20 WAPDA Dasu TFC-E
Press Release | Report | History
Energy Debt Instrument 26-Sep-24 Initial AAA Stable -
21 Master Wind Energy Limited
Press Release | Report | History
Energy Entity 26-Sep-24 Maintain A+ Stable -
22 Thardeep Microfinance Foundation
Press Release | Report | History
Banks Entity 25-Sep-24 Downgrade BB Stable -
23 Prosperity Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
24 First Habib Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-24 Maintain AA+ Stable -
25 Nishat Power Limited
Press Release | Report | History
Energy Entity 20-Sep-24 Maintain AA- Stable -
26 First Punjab Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-24 Maintain A- Stable -
27 Nagina Cotton Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
28 Ellcot Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
29 Atlas Power Limited
Press Release | Report | History
Energy Entity 20-Sep-24 Maintain AA- Stable -
30 Lucky Electric Power Company Limited - PPSTS-20 - PKR 5bln - Aug24
Press Release | Report | History
Energy Debt Instrument 20-Sep-24 Initial AA Stable -
31 Service Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Sep-24 Upgrade AA Stable -
32 Trust Securities & Brokerage Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-24 Maintain A- Stable -
33 Dawood Equities Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-24 Maintain A- Stable -
34 Escorts Investment Bank Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 19-Sep-24 Maintain BBB+ Negative -
35 Global Marketing Services
Press Release | Report | History
Pharma and Chemicals Entity 19-Sep-24 Upgrade BBB+ Stable -
36 Airlink Communication Limited - PPSTS-III - PKR 4.0bln - TBI
Press Release | Report | History
Distributors Debt Instrument 19-Sep-24 Preliminary A+ Stable -
37 K-Electric Limited - PPSTS-29 - PKR 6.0bln - Sep-24
Press Release | Report | History
Energy Debt Instrument 18-Sep-24 Preliminary AA Stable -
38 Masood Textile Mills Limited - PP Sukuk - PKR 3bln - TBI
Press Release | Report | History
Textile & Allied Debt Instrument 16-Sep-24 Preliminary A+ Stable -
39 U Microfinance Bank Limited
Press Release | Report | History
Banks Entity 14-Sep-24 Maintain A+ Stable -
40 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
41 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
42 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 13-Sep-24 Maintain BBB Stable -
43 Berger Paints Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
44 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 13-Sep-24 Upgrade AA Stable -
45 K-Electric Limited | PPSTS-28 | PKR 7.0bln | Aug-24
Press Release | Report | History
Energy Debt Instrument 10-Sep-24 Initial AA Stable -
46 Fazal Cloth Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Sep-24 Maintain A Stable -
47 Din Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Sep-24 Maintain A- Stable -
48 Bestway Cement Limited
Press Release | Report | History
Infrastructure Entity 06-Sep-24 Maintain AA- Stable -
49 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 06-Sep-24 Maintain A- Stable -
50 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 05-Sep-24 Maintain AA- Stable -
51 Airlink Communication Limited | PPSTS-II | PKR 3.12bln | July-24
Press Release | Report | History
Distributors Debt Instrument 03-Sep-24 Initial A+ Stable -
52 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 30-Aug-24 Maintain AA- Stable -
53 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Aug-24 Upgrade A+ Stable -
54 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 30-Aug-24 Maintain AA+ Stable -
55 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Aug-24 Upgrade A+ Stable -
56 Martin Dow Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Aug-24 Maintain A Stable -
57 Golden Packages (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Aug-24 Maintain BBB Stable -
58 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Energy Entity 28-Aug-24 Maintain A- Stable -
59 Multan Electric Power Company Limited
Press Release | Report | History
Energy Entity 23-Aug-24 Initial A- Positive -
60 Be Energy Limited
Press Release | Report | History
Energy Entity 23-Aug-24 Maintain A+ Stable -
61 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Aug-24 Maintain BBB- Stable -
62 Maaksons Engineering Corporation Limited
Press Release | Report | History
Infrastructure Entity 23-Aug-24 Maintain BBB+ Stable -
63 TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23
Press Release | Report | History
Infrastructure Debt Instrument 19-Aug-24 Maintain A+ Stable -
64 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Aug-24 Maintain A- Stable -
65 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 19-Aug-24 Maintain A- Stable -
66 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Banks Debt Instrument 16-Aug-24 Maintain AA- Stable -
67 Packages Convertors Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Aug-24 Maintain AA- Stable -
68 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Aug-24 Maintain A+ Stable -
69 Ismail Industries Limited - PPSTS - PKR 5bln - Aug-24
Press Release | Report | History
Food and Allied Debt Instrument 13-Aug-24 Preliminary A+ Stable -
70 Ismail Industries Limited | PPSTS | PKR 6bln | June 24
Press Release | Report | History
Food and Allied Debt Instrument 13-Aug-24 Initial A+ Stable -
71 Tufail Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Aug-24 Maintain A- Stable Yes
72 EcoPack Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Aug-24 Maintain BBB Stable Yes
73 National Transmission & Despatch Company Limited
Press Release | Report | History
Energy Entity 09-Aug-24 Maintain AA+ Stable -
74 Lucky Electric Power Company Limited | PPSTS-19 | PKR 6bln | Jun-24
Press Release | Report | History
Energy Debt Instrument 09-Aug-24 Initial AA Stable -
75 Sapphire Dairies (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Aug-24 Initial A- Stable -
76 Saigal Packages Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 07-Aug-24 Initial BBB- Stable -
77 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Infrastructure Debt Instrument 06-Aug-24 Maintain AA- Stable -
78 Mekotex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-Aug-24 Maintain A- Stable -
79 Pak Suzuki Motor Company Limited
Press Release | Report | History
Auto and Allied Entity 02-Aug-24 Maintain AA- Stable -
80 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 02-Aug-24 Maintain A- Stable -
81 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 01-Aug-24 Maintain A- Stable -
82 Ghandhara Tyre & Rubber Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-24 Maintain A+ Stable Yes
83 Jazaa Global (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-Jul-24 Initial BBB- Stable -
84 Fauji Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 26-Jul-24 Maintain AA+ Stable -
85 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 26-Jul-24 Maintain AA Stable -
86 Engro Fertilizers Limited
Press Release | Report | History
Agriculture & Allied Entity 26-Jul-24 Maintain AA Stable -
87 Apna Microfinance Bank Limited
Press Release | Report | History
Banks Entity 26-Jul-24 Maintain BBB- Negative Yes
88 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Jul-24 Maintain A Stable -
89 Pakistan Oxygen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Jul-24 Maintain A Stable -
90 Fatima Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Jul-24 Maintain AA+ Stable -
91 Mughal Energy Limited | PP Sukuk | PKR 2.5bln | TBI
Press Release | Report | History
Energy Debt Instrument 19-Jul-24 Preliminary A+ Stable -
92 Medipak Limited
Press Release | Report | History
Pharma and Chemicals Entity 19-Jul-24 Maintain BBB+ Stable -
93 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 19-Jul-24 Upgrade BBB+ Stable -
94 Sindh Engro Coal Mining Company
Press Release | Report | History
Energy Entity 19-Jul-24 Maintain AA Stable -
95 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Jul-24 Maintain AA+ Stable -
96 National Rural Support Programme
Press Release | Report | History
Banks Entity 15-Jul-24 Maintain A- Stable -
97 Steelex (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 12-Jul-24 Upgrade BBB Stable -
98 Diamond Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 12-Jul-24 Maintain A- Stable -
99 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jul-24 Maintain AA- Stable Yes
100 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jul-24 Maintain AA- Stable -
101 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-Jul-24 Maintain A- Stable -
102 Nimir Resins Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain A- Stable -
103 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain A+ Stable -
104 Engro Polymer & Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain AA Stable -
105 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 05-Jul-24 Maintain A- Stable -
106 Liberty Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Jul-24 Maintain A+ Stable -
107 Pak Elektron Limited
Press Release | Report | History
Consumers Goods & Services Entity 04-Jul-24 Maintain A+ Stable -
108 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Energy Entity 04-Jul-24 Maintain AA- Stable -
109 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 03-Jul-24 Maintain BBB Stable -
110 The Bank of Punjab | Tier 2 Capital TFC | PKR 7.5695bln | Jun-24
Press Release | Report | History
Banks Debt Instrument 29-Jun-24 Initial AA Stable -
111 The Bank of Punjab
Press Release | Report | History
Banks Entity 28-Jun-24 Maintain AA+ Stable -
112 JS Bank Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AA Stable -
113 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade A+ Stable -
114 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA- Stable -
115 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA- Stable -
116 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A Stable -
117 Bank Alfalah Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AAA Stable -
118 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
119 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
120 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A+ Stable -
121 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
122 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
123 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
124 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
125 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA+ Stable -
126 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA+ Stable -
127 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AAA Stable -
128 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Upgrade AA+ Stable -
129 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AAA Stable -
130 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A Stable -
131 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain AA+ Stable -
132 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Banks Debt Instrument 28-Jun-24 Maintain A Stable -
133 Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | Apr-24
Press Release | Report | History
Energy Debt Instrument 28-Jun-24 Initial AA Stable -
134 Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | Mar-24
Press Release | Report | History
Energy Debt Instrument 28-Jun-24 Initial AA Stable -
135 Pakistan Services Limited
Press Release | Report | History
Consumers Goods & Services Entity 28-Jun-24 Maintain BB Negative Yes
136 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Consumers Goods & Services Debt Instrument 28-Jun-24 Maintain BB Negative Yes
137 Rural Community Development Programmes
Press Release | Report | History
Banks Entity 27-Jun-24 Initial BBB Stable -
138 GuarantCo Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Jun-24 Maintain AAA Stable -
139 Saif Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-24 Maintain A- Stable Yes
140 Bank of Khyber
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A+ Stable -
141 First Women Bank Limited
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A- Developing Yes
142 Tata Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-24 Maintain A Stable Yes
143 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 27-Jun-24 Maintain BBB Stable -
144 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 27-Jun-24 Upgrade A Stable -
145 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Jun-24 Upgrade AA- Stable -
146 Yunus Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-24 Maintain AA- Stable -
147 Samba Bank Limited
Press Release | Report | History
Banks Entity 26-Jun-24 Maintain AA Stable Yes
148 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 26-Jun-24 Maintain AAA Stable -
149 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Jun-24 Maintain AA Stable -
150 Kohat Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-24 Maintain A- Stable -
151 Askari Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
152 Pak Libya Holding Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 24-Jun-24 Maintain AA- Positive -
153 BankIslami Pakistan Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA- Stable -
154 Habib Metropolitan Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
155 Faysal Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA Stable -
156 Allied Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AAA Stable -
157 MCB Islamic Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Upgrade A+ Stable -
158 National Bank of Pakistan
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
159 MCB Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
160 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
161 Soneri Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AA- Stable -
162 Bank AL Habib Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
163 Siddiqsons Limited
Press Release | Report | History
Textile & Allied Entity 22-Jun-24 Maintain A- Stable -
164 Mahmood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 21-Jun-24 Maintain A- Stable -
165 Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | Apr-24
Press Release | Report | History
Energy Debt Instrument 21-Jun-24 Initial AA- Stable -
166 Roomi Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 21-Jun-24 Maintain A- Stable -
167 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Banks Debt Instrument 21-Jun-24 Maintain AAA Stable -
168 PAIR Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable -
169 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Jun-24 Maintain A- Stable -
170 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable Yes
171 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 21-Jun-24 Maintain AA Stable -
172 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 21-Jun-24 Maintain AA+ Stable -
173 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | Aug-22
Press Release | Report | History
Engineering and Technology Debt Instrument 21-Jun-24 Maintain AA Stable -
174 Narowal Energy Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain AA- Stable -
175 The Hub Power Company Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain AA+ Stable -
176 ACT Wind (Pvt.) Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain A+ Stable -
177 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Upgrade A- Stable -
178 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain BBB+ Stable -
179 WAPDA Dasu TFC-D
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
180 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
181 WAPDA Dasu Sukuk-D
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
182 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Maintain AAA Stable -
183 Packages Limited
Press Release | Report | History
Holding Company Entity 14-Jun-24 Maintain AA+ Stable -
184 The Hub Power Company Limited | PPSTS | PKR 6bln | May-24
Press Release | Report | History
Energy Debt Instrument 14-Jun-24 Initial AA+ Stable -
185 K-Electric Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain AA Stable Yes
186 VMS Trading Company
Press Release | Report | History
Agriculture & Allied Entity 14-Jun-24 Maintain BBB Stable -
187 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 14-Jun-24 Maintain BB Stable -
188 E-Vision Manufacturing Limited
Press Release | Report | History
Textile & Allied Entity 14-Jun-24 Maintain BBB Stable -
189 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain A Stable Yes
190 Ghani Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Jun-24 Maintain A Stable -
191 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jun-24 Maintain BBB- Positive -
192 Masood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 12-Jun-24 Initial A Stable -
193 Pakistan Refinery Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Upgrade A Stable -
194 Pioneer Cement Limited
Press Release | Report | History
Infrastructure Entity 07-Jun-24 Maintain A Stable -
195 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Maintain AA- Stable -
196 Nishat Hotels and Properties Ltd
Press Release | Report | History
Consumers Goods & Services Entity 07-Jun-24 Upgrade A Stable -
197 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 05-Jun-24 Initial A Stable -
198 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 03-Jun-24 Maintain A Stable -
199 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Logistics Entity 01-Jun-24 Maintain AAA Stable -
200 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 31-May-24 Initial BBB+ Stable -
201 Martin Dow Marker Limited
Press Release | Report | History
Pharma and Chemicals Entity 31-May-24 Maintain A+ Stable -
202 Gas & Oil Pakistan Limited
Press Release | Report | History
Energy Entity 31-May-24 Maintain A+ Developing Yes
203 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 31-May-24 Maintain AA+ Stable -
204 ThalNova Power Thar (Pvt.) Limited | PPSTS | PKR 5bln | TBI
Press Release | Report | History
Energy Debt Instrument 31-May-24 Preliminary AA- Stable -
205 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-May-24 Maintain A- Stable Yes
206 Panther Tyres Limited
Press Release | Report | History
Auto and Allied Entity 29-May-24 Maintain A Stable -
207 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | Apr-24
Press Release | Report | History
Communication Debt Instrument 29-May-24 Initial AA Stable -
208 Olympia Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 27-May-24 Upgrade A Stable -
209 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 27-May-24 Maintain A- Stable Yes
210 Master Green Energy Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain A Stable -
211 Attock Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain AA Stable -
212 National Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Downgrade AA Stable Yes
213 Pak Elektron Limited | PPSTS | PKR 2bln | March-24
Press Release | Report | History
Consumers Goods & Services Debt Instrument 24-May-24 Initial A+ Stable -
214 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 24-May-24 Maintain A Stable -
215 Ziauddin University
Press Release | Report | History
Consumers Goods & Services Entity 23-May-24 Maintain BBB Stable -
216 Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | Apr-24
Press Release | Report | History
Infrastructure Debt Instrument 23-May-24 Initial A+ Stable -
217 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 21-May-24 Maintain A+ Stable -
218 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain A Stable -
219 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
220 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
221 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
222 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 17-May-24 Maintain AAA Stable -
223 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain AA Stable -
224 Pakistan Mobile Communications Limited
Press Release | Report | History
Communication Entity 17-May-24 Maintain AA Stable -
225 Descon Oxychem Limited
Press Release | Report | History
Pharma and Chemicals Entity 17-May-24 Maintain A+ Stable -
226 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 16-May-24 Maintain AA- Stable -
227 Entertainment Pakistan Limited
Press Release | Report | History
Infrastructure Entity 16-May-24 Maintain BB Stable -
228 NRSP Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-May-24 Maintain A- Stable Yes
229 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 15-May-24 Maintain A- Stable Yes
230 Crown Textile
Press Release | Report | History
Textile & Allied Entity 14-May-24 Maintain BBB- Stable -
231 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-May-24 Maintain A- Stable -
232 Sitara Petroleum Service Limited
Press Release | Report | History
Energy Entity 10-May-24 Maintain A- Stable -
233 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 10-May-24 Maintain BBB- Positive -
234 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Banks Debt Instrument 03-May-24 Initial A Stable -
235 Nishat Mills Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain AA Stable -
236 Infra Zamin Pakistan Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 02-May-24 Maintain AAA Stable -
237 Sefam (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain A- Stable Yes
238 AL Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain BBB Stable Yes
239 Mobilink Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable -
240 K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar-24
Press Release | Report | History
Energy Debt Instrument 30-Apr-24 Initial AA Stable -
241 Telenor Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable Yes
242 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Banks Entity 29-Apr-24 Maintain BBB+ Positive -
243 AGAHE Pakistan
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BBB- Positive -
244 TPL Properties Limited
Press Release | Report | History
Infrastructure Entity 26-Apr-24 Maintain A+ Stable -
245 Union Microfinance Company Limited
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BB+ Stable Yes
246 Pakistan Synthetics Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Apr-24 Maintain A- Stable -
247 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Apr-24 Maintain BBB Stable -
248 Alfalah Securities (Pvt.) Limited (Formerly: Alfalah CLSA Securities (Pvt.) Limited)
Press Release | Report | History
Capital Markets Entity 23-Apr-24 Maintain A- Stable Yes
249 New Horizon Computer
Press Release | Report | History
Engineering and Technology Entity 20-Apr-24 Maintain BB+ Stable -
250 Asif Rice Mills
Press Release | Report | History
Agriculture & Allied Entity 19-Apr-24 Maintain BBB+ Stable -
251 National Foods Limited
Press Release | Report | History
Food and Allied Entity 19-Apr-24 Maintain AA- Stable -
252 Flying Cement Company Limited
Press Release | Report | History
Infrastructure Entity 19-Apr-24 Maintain A- Stable Yes
253 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 09-Apr-24 Maintain A+ Stable -
254 Lucky Electric Power Company Limited
Press Release | Report | History
Energy Entity 08-Apr-24 Maintain AA Stable -
255 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable -
256 Shahzad Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable Yes
257 Noon Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
258 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
259 Mehran Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
260 Jauharabad Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
261 SGM Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB Stable -
262 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 05-Apr-24 Maintain A- Stable -
263 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
264 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
265 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-24 Maintain AA Stable -
266 International Business Management
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB+ Stable -
267 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
268 Madiha International (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
269 Mount Fuji Textiles Limited
Press Release | Report | History
Textile & Allied Entity 30-Mar-24 Maintain BBB Positive -
270 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Mar-24 Maintain BBB Stable -
271 Masood Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
272 Sindh Microfinance Bank Limited
Press Release | Report | History
Banks Entity 29-Mar-24 Maintain A- Stable -
273 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain BBB- Stable -
274 Sargodha Jute Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
275 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Mar-24 Maintain BBB Stable -
276 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
277 JWS Pakistan
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
278 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 27-Mar-24 Maintain BB+ Stable -
279 Gharibwal Cement Limited
Press Release | Report | History
Infrastructure Entity 25-Mar-24 Maintain A Stable -
280 Kohinoor Energy Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA Stable -
281 Fecto Cement Limited
Press Release | Report | History
Infrastructure Entity 22-Mar-24 Maintain A- Stable Yes
282 Halmore Power Generation Company Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA- Stable -
283 Warble (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
284 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
285 Saif Power Limited
Press Release | Report | History
Energy Entity 21-Mar-24 Maintain AA- Stable -
286 KTM Leather (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 21-Mar-24 Maintain BBB+ Stable Yes
287 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Mar-24 Maintain A Stable -
288 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Banks Entity 19-Mar-24 Initial BBB+ Stable -
289 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Engineering and Technology Entity 18-Mar-24 Upgrade A- Stable -
290 Descon Engineering Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
291 Unicol Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain A Stable -
292 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain BBB+ Stable -
293 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 15-Mar-24 Maintain A- Stable -
294 Fauji Cement Company Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
295 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 13-Mar-24 Upgrade BBB+ Stable -
296 ARY Communications Limited
Press Release | Report | History
Communication Entity 12-Mar-24 Initial A Stable -
297 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Mar-24 Maintain AA- Stable -
298 Newage Cables (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Mar-24 Initial A- Stable -
299 D.G. Khan Cement Company Limited
Press Release | Report | History
Infrastructure Entity 01-Mar-24 Maintain AA- Stable -
300 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB- Stable Yes
301 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable Yes
302 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable -
303 Masood Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain A- Stable -
304 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA+ Stable -
305 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA Stable -
306 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Communication Entity 01-Mar-24 Maintain BBB+ Stable -
307 Poly Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 01-Mar-24 Maintain A- Stable -
308 Kashf Foundation
Press Release | Report | History
Banks Entity 23-Feb-24 Upgrade A Stable -
309 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Feb-24 Maintain A+ Stable -
310 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 23-Feb-24 Maintain A- Stable -
311 Select Technologies (Pvt.) Limited
Press Release | Report | History
Distributors Entity 23-Feb-24 Initial A Stable -
312 Airlink Communication
Press Release | Report | History
Distributors Entity 23-Feb-24 Upgrade A+ Stable -
313 FINCA Microfinance Bank Limited
Press Release | Report | History
Banks Entity 23-Feb-24 Downgrade BBB+ Negative Yes
314 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Feb-24 Maintain A- Stable -
315 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 21-Feb-24 Maintain A+ Stable -
316 Liberty Wind Power 1 Limited
Press Release | Report | History
Energy Entity 20-Feb-24 Maintain A Stable -
317 Liberty Wind Power 2 Limited
Press Release | Report | History
Energy Entity 20-Feb-24 Maintain A Stable -
318 Sapphire Electric Company Limited
Press Release | Report | History
Energy Entity 19-Feb-24 Maintain AA- Stable -
319 Maqbool Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain BBB+ Stable Yes
320 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain A- Stable -
321 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 16-Feb-24 Maintain A Stable -
322 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Feb-24 Maintain BBB Positive -
323 Gul Ahmed Electric Limited
Press Release | Report | History
Energy Entity 16-Feb-24 Maintain A Stable -
324 Nishat Paper Products Company Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Feb-24 Maintain A Stable -
325 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Feb-24 Maintain BBB Stable -
326 Ibrahim Fibres Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-24 Maintain AA Stable -
327 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB+ Stable -
328 Punjab Oil Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB+ Stable -
329 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain A- Stable -
330 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-24 Maintain BBB- Positive -
331 Denim-E (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-24 Maintain BBB- Stable -
332 Jasons Commodities
Press Release | Report | History
Agriculture & Allied Entity 31-Jan-24 Upgrade BBB Stable -
333 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Jan-24 Maintain A- Negative Yes
334 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain BBB- Stable -
335 KAM International
Press Release | Report | History
Textile & Allied Entity 27-Jan-24 Maintain A- Stable -
336 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-24 Maintain A- Stable -
337 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Jan-24 Maintain BBB Positive -
338 Zahir Khan & Brothers
Press Release | Report | History
Infrastructure Entity 23-Jan-24 Maintain A Stable -
339 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Jan-24 Maintain BBB Stable -
340 Oursun Pakistan Limited
Press Release | Report | History
Energy Entity 22-Jan-24 Maintain A Stable -
341 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Jan-24 Upgrade BBB Stable -
342 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 18-Jan-24 Maintain BBB Stable -
343 BRB Properties Builders and Developers
Press Release | Report | History
Infrastructure Entity 17-Jan-24 Maintain BB+ Stable -
344 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 17-Jan-24 Maintain BBB Stable -
345 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Energy Entity 16-Jan-24 Maintain A- Stable -
346 Loads Limited
Press Release | Report | History
Auto and Allied Entity 16-Jan-24 Maintain A Negative Yes
347 University of Management and Technology
Press Release | Report | History
Consumers Goods & Services Entity 15-Jan-24 Initial A- Stable -
348 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jan-24 Initial AA Stable -
349 Kohat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 12-Jan-24 Upgrade A+ Stable -
350 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 10-Jan-24 Maintain BBB Stable -
351 Foundation Power Company Daharki Limited
Press Release | Report | History
Energy Entity 05-Jan-24 Maintain AA- Stable -
352 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 05-Jan-24 Maintain A Stable -
353 Multi Resin Industries
Press Release | Report | History
Pharma and Chemicals Entity 03-Jan-24 Maintain BBB- Stable -
354 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Dec-23 Upgrade AA Stable -
355 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Dec-23 Maintain A- Stable -
356 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 29-Dec-23 Initial AA- Stable -
357 Service Global Footwear Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Initial A+ Stable -
358 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Dec-23 Maintain BBB+ Stable -
359 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Dec-23 Maintain AA+ Stable -
360 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Dec-23 Maintain A- Stable -
361 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 29-Dec-23 Maintain BBB Stable -
362 HBL Microfinance Bank Limited
Press Release | Report | History
Banks Entity 28-Dec-23 Maintain A+ Stable -
363 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Consumers Goods & Services Entity 28-Dec-23 Initial A- Stable -
364 Al Rahim Textile Industries Limited
Press Release | Report | History
Textile & Allied Entity 28-Dec-23 Maintain A Stable -
365 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 28-Dec-23 Maintain BB+ Stable -
366 Cherat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 28-Dec-23 Maintain A+ Stable -
367 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-23 Initial BBB+ Stable -
368 Reliance Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Dec-23 Maintain A Stable -
369 TOTAL PARCO Pakistan Limited
Press Release | Report | History
Energy Entity 22-Dec-23 Maintain AAA Stable -
370 Sayban International
Press Release | Report | History
Agriculture & Allied Entity 22-Dec-23 Maintain BBB- Stable -
371 Tariq Glass Industries Limited
Press Release | Report | History
Infrastructure Entity 22-Dec-23 Maintain A+ Stable -
372 United Ethanol Industries Limited
Press Release | Report | History
Agriculture & Allied Entity 22-Dec-23 Maintain A- Stable -
373 Pakistan National Shipping Corporation
Press Release | Report | History
Logistics Entity 22-Dec-23 Maintain AA Stable -
374 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 22-Dec-23 Initial BBB+ Stable -
375 Siddiqsons Tinplate Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Dec-23 Maintain A- Stable Yes
376 Cherat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Dec-23 Maintain A Positive -
377 Swat Agro Chemicals
Press Release | Report | History
Agriculture & Allied Entity 21-Dec-23 Maintain BBB- Stable -
378 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Energy Entity 21-Dec-23 Maintain A- Stable -
379 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Energy Entity 21-Dec-23 Maintain A- Stable -
380 TPL Trakker Limited
Press Release | Report | History
Logistics Entity 21-Dec-23 Maintain A- Stable -
381 EFG Hermes Pakistan Limited
Press Release | Report | History
Capital Markets Entity 21-Dec-23 Maintain A- Developing Yes
382 EXIDE Pakistan Limited
Press Release | Report | History
Auto and Allied Entity 21-Dec-23 Maintain BBB Positive -
383 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 15-Dec-23 Maintain AA Stable -
384 MACPAC Films Limited
Press Release | Report | History
Consumers Goods & Services Entity 15-Dec-23 Upgrade BBB+ Stable -
385 Sui Southern Gas Company Limited
Press Release | Report | History
Energy Entity 15-Dec-23 Maintain A+ Stable Yes
386 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 14-Dec-23 Maintain A- Stable -
387 Sapphire Retail Limited
Press Release | Report | History
Textile & Allied Entity 14-Dec-23 Maintain A- Stable -
388 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-23 Maintain AA- Stable -
389 JS Global Capital Limited
Press Release | Report | History
Capital Markets Entity 14-Dec-23 Maintain AA Stable -
390 Pak Arab Refinery Limited
Press Release | Report | History
Energy Entity 08-Dec-23 Maintain AAA Stable -
391 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 08-Dec-23 Upgrade A- Stable -
392 Ismail Industries Limited
Press Release | Report | History
Food and Allied Entity 08-Dec-23 Maintain A+ Stable -
393 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Dec-23 Initial A Stable -
394 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 01-Dec-23 Initial A Stable -
395 Mughal Energy Limited
Press Release | Report | History
Energy Entity 01-Dec-23 Maintain A Stable -
396 KSB Pumps Company Limited
Press Release | Report | History
Engineering and Technology Entity 29-Nov-23 Maintain A+ Stable Yes
397 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 28-Nov-23 Initial A- Stable -
398 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 28-Nov-23 Initial A- Stable -
399 HUM Network Limited
Press Release | Report | History
Communication Entity 24-Nov-23 Maintain A+ Stable -
400 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 24-Nov-23 Maintain BBB+ Positive -
401 Sapphire Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 23-Nov-23 Maintain A Stable -
402 Be Be Jan Pakistan Limited
Press Release | Report | History
Textile & Allied Entity 23-Nov-23 Maintain BBB Stable -
403 DIC Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Nov-23 Maintain AA- Stable -
404 Ghani Global Glass Limited
Press Release | Report | History
Infrastructure Entity 23-Nov-23 Maintain BBB+ Positive -
405 Inbox Business Technologies Limited
Press Release | Report | History
Engineering and Technology Entity 23-Nov-23 Maintain A- Stable -
406 KTRADE Securities Limited
Press Release | Report | History
Capital Markets Entity 22-Nov-23 Maintain A- Stable -
407 Chanar Energy Limited
Press Release | Report | History
Energy Entity 22-Nov-23 Maintain BBB- Stable Yes
408 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-23 Maintain A- Positive -
409 Prism Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Nov-23 Initial A+ Stable -
410 Ahmed Fine Weaving Limited
Press Release | Report | History
Textile & Allied Entity 17-Nov-23 Maintain A- Stable -
411 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 16-Nov-23 Upgrade BBB Stable -
412 Sapphire Fibres Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-23 Maintain A+ Stable -
413 Glamour Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-23 Maintain BBB- Stable -
414 Liberty Power Tech Limited
Press Release | Report | History
Energy Entity 10-Nov-23 Maintain AA- Stable -
415 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-23 Maintain A+ Stable -
416 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 01-Nov-23 Maintain BBB- Developing -
417 Zahidjee Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 31-Oct-23 Maintain A Stable -
418 Orient Rental Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Oct-23 Maintain A- Stable -
419 Islamabad Farms
Press Release | Report | History
Food and Allied Entity 27-Oct-23 Maintain BBB- Stable -
420 Pharmagen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Oct-23 Maintain A- Stable -
421 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 25-Oct-23 Upgrade AA- Stable -
422 Thar Energy Limited
Press Release | Report | History
Energy Entity 25-Oct-23 Upgrade AA- Stable -
423 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Oct-23 Initial A- Stable -
424 Stylers International Limited
Press Release | Report | History
Textile & Allied Entity 23-Oct-23 Maintain A Stable -
425 AGP Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Oct-23 Maintain A+ Stable -
426 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 20-Oct-23 Maintain A Stable -
427 Ghandhara Industries Limited
Press Release | Report | History
Auto and Allied Entity 20-Oct-23 Maintain A+ Stable -
428 Ghandhara Automobiles Limited
Press Release | Report | History
Auto and Allied Entity 20-Oct-23 Maintain A Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

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