Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Liberty Wind Power 1 Limited
Press Release | Report | History
Energy Entity 18-Feb-25 Maintain A Stable -
2 Liberty Wind Power 2 Limited
Press Release | Report | History
Energy Entity 18-Feb-25 Maintain A Stable -
3 Maqbool Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 14-Feb-25 Downgrade BBB Stable Yes
4 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 14-Feb-25 Maintain BBB Positive -
5 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 14-Feb-25 Maintain BBB Stable -
6 Nishat Packaging Limited (formerly Nishat Paper Products Company Limited)
Press Release | Report | History
Consumers Goods & Services Entity 14-Feb-25 Maintain A Stable -
7 Gharibwal Cement Limited
Press Release | Report | History
Infrastructure Entity 14-Feb-25 Maintain A Stable -
8 Gul Ahmed Electric Limited
Press Release | Report | History
Energy Entity 14-Feb-25 Maintain A Stable -
9 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Feb-25 Maintain A Stable -
10 Ismail Industries Limited - PPSTS-4 - PKR 8bln - TBI
Press Release | Report | History
Food and Allied Debt Instrument 13-Feb-25 Preliminary AA- Stable -
11 Lucky Electric Power Company Limited - PPSTS-21 - PKR 6bln - TBI
Press Release | Report | History
Energy Debt Instrument 11-Feb-25 Preliminary AA Stable -
12 Denim-E (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-25 Maintain BBB- Stable -
13 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-25 Maintain A- Stable -
14 Punjab Oil Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-25 Maintain BBB+ Stable -
15 Ibrahim Fibres Limited
Press Release | Report | History
Textile & Allied Entity 07-Feb-25 Maintain AA Stable -
16 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-25 Maintain BBB- Positive -
17 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Food and Allied Entity 07-Feb-25 Maintain BBB+ Stable -
18 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Infrastructure Debt Instrument 06-Feb-25 Maintain AA- Stable -
19 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Banks Debt Instrument 31-Jan-25 Maintain A- Stable -
20 Jasons Commodities
Press Release | Report | History
Agriculture & Allied Entity 31-Jan-25 Maintain BBB Stable -
21 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Jan-25 Maintain A- Negative Yes
22 Abhi (Pvt.) Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 28-Jan-25 Initial A- Stable -
23 KAM International
Press Release | Report | History
Textile & Allied Entity 27-Jan-25 Maintain A- Stable -
24 AL Habib Capital Markets (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 27-Jan-25 Initial A Stable -
25 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Jan-25 Maintain BBB- Stable -
26 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 24-Jan-25 Maintain A- Stable -
27 Zahir Khan & Brothers
Press Release | Report | History
Infrastructure Entity 23-Jan-25 Maintain A Stable -
28 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Jan-25 Maintain BBB Stable -
29 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 22-Jan-25 Upgrade BBB+ Stable -
30 TPL Trakker Limited | Sukuk
Press Release | Report | History
Logistics Debt Instrument 21-Jan-25 Maintain A+ Stable -
31 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Jan-25 Maintain BBB Stable -
32 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 17-Jan-25 Maintain BBB Stable -
33 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 17-Jan-25 Maintain BBB Stable -
34 Airlink Communication Limited - PPSTS-IV - PKR 3.0bln - TBI
Press Release | Report | History
Distributors Debt Instrument 17-Jan-25 Preliminary A+ Stable -
35 Loads Limited
Press Release | Report | History
Auto and Allied Entity 16-Jan-25 Maintain A Negative Yes
36 University of Management and Technology
Press Release | Report | History
Consumers Goods & Services Entity 15-Jan-25 Maintain A- Stable -
37 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 15-Jan-25 Maintain AA- Stable -
38 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 15-Jan-25 Maintain AA- Stable -
39 The Bank of Punjab | Tier 2 Capital TFC | PKR 7.5695bln | Jun-24
Press Release | Report | History
Banks Debt Instrument 14-Jan-25 Maintain AA Stable -
40 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Banks Debt Instrument 14-Jan-25 Maintain AA Stable -
41 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Banks Debt Instrument 14-Jan-25 Maintain AA- Stable -
42 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 14-Jan-25 Maintain AA- Stable -
43 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Banks Debt Instrument 14-Jan-25 Maintain AA Stable -
44 Pak Elektron Limited - PPSTS II - PKR 2bln - Dec-24
Press Release | Report | History
Consumers Goods & Services Debt Instrument 13-Jan-25 Initial A+ Stable -
45 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Energy Entity 10-Jan-25 Maintain A- Stable -
46 Oursun Pakistan Limited
Press Release | Report | History
Energy Entity 10-Jan-25 Upgrade A+ Stable -
47 Kohat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 10-Jan-25 Maintain A+ Stable -
48 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Consumers Goods & Services Entity 10-Jan-25 Maintain AA Stable -
49 Mari Energies Limited (Formerly: Mari Petroleum Company Limited)
Press Release | Report | History
Energy Entity 08-Jan-25 Initial AAA Stable -
50 Polaris Danah Natural Resource Development (Pvt.) Limited
Press Release | Report | History
Energy Entity 08-Jan-25 Initial BB Stable -
51 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Banks Debt Instrument 06-Jan-25 Maintain AAA Stable -
52 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Banks Debt Instrument 06-Jan-25 Maintain AA+ Stable -
53 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Banks Debt Instrument 06-Jan-25 Maintain AA+ Stable -
54 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 06-Jan-25 Maintain AAA Stable -
55 Foundation Power Company Daharki Limited
Press Release | Report | History
Energy Entity 03-Jan-25 Maintain AA- Stable -
56 Multi Resin Industries
Press Release | Report | History
Pharma and Chemicals Entity 03-Jan-25 Maintain BBB- Stable -
57 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 03-Jan-25 Maintain A Stable -
58 Sindh Microfinance Bank Limited
Press Release | Report | History
Banks Entity 02-Jan-25 Upgrade A Stable -
59 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Banks Debt Instrument 02-Jan-25 Maintain AA Stable -
60 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Banks Debt Instrument 02-Jan-25 Maintain AA- Stable -
61 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Agriculture & Allied Entity 31-Dec-24 Initial BBB Stable -
62 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 31-Dec-24 Initial A- Stable -
63 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain A Stable -
64 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain A Stable -
65 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain AA- Stable -
66 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain A+ Stable -
67 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain AA- Stable -
68 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain AA+ Stable -
69 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain AA+ Stable -
70 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain A Stable -
71 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Banks Debt Instrument 30-Dec-24 Maintain A+ Stable -
72 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Dec-24 Maintain A- Stable -
73 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Dec-24 Maintain AA Stable -
74 Masood Textile Mills Limited - PP Sukuk - PKR 2bln - Sep-24
Press Release | Report | History
Textile & Allied Debt Instrument 27-Dec-24 Initial A+ Stable -
75 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Dec-24 Maintain BBB+ Stable -
76 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Dec-24 Maintain A- Stable -
77 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 27-Dec-24 Maintain AA- Stable -
78 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Dec-24 Maintain AA+ Stable -
79 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 27-Dec-24 Maintain BB+ Stable -
80 Cherat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 27-Dec-24 Maintain A+ Stable -
81 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Consumers Goods & Services Entity 27-Dec-24 Maintain A- Stable -
82 Service Global Footwear Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Dec-24 Maintain A+ Stable -
83 HBL Microfinance Bank Limited
Press Release | Report | History
Banks Entity 27-Dec-24 Maintain A+ Stable -
84 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 26-Dec-24 Upgrade BBB+ Stable -
85 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-24 Maintain BBB+ Stable -
86 Al Rahim Textile Industries Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-24 Maintain A Stable -
87 Cherat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Dec-24 Maintain A Positive -
88 Siddiqsons Tinplate Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Dec-24 Maintain A- Developing Yes
89 Advance Telecom (Pvt.) Limited
Press Release | Report | History
Distributors Entity 20-Dec-24 Initial A- Stable -
90 Reliance Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Dec-24 Maintain A Stable -
91 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Energy Entity 20-Dec-24 Maintain A- Stable -
92 Tariq Glass Industries Limited
Press Release | Report | History
Infrastructure Entity 20-Dec-24 Maintain A+ Stable -
93 TOTAL PARCO Pakistan Limited
Press Release | Report | History
Energy Entity 20-Dec-24 Maintain AAA Stable Yes
94 Sayban International
Press Release | Report | History
Agriculture & Allied Entity 20-Dec-24 Maintain BBB- Stable -
95 Pakistan National Shipping Corporation
Press Release | Report | History
Logistics Entity 20-Dec-24 Maintain AA Stable -
96 Samba Bank Limited
Press Release | Report | History
Banks Entity 20-Dec-24 Maintain AA Stable -
97 United Ethanol Industries Limited
Press Release | Report | History
Agriculture & Allied Entity 20-Dec-24 Maintain A- Stable -
98 TPL Trakker Limited
Press Release | Report | History
Logistics Entity 20-Dec-24 Maintain A- Stable -
99 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Banks Debt Instrument 20-Dec-24 Maintain AAA Stable -
100 Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited)
Press Release | Report | History
Capital Markets Entity 20-Dec-24 Maintain A- Stable -
101 EXIDE Pakistan Limited
Press Release | Report | History
Auto and Allied Entity 20-Dec-24 Upgrade BBB+ Stable -
102 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | Aug-22
Press Release | Report | History
Engineering and Technology Debt Instrument 20-Dec-24 Maintain AA Stable -
103 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Dec-24 Maintain BBB+ Stable -
104 MACPAC Films Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Dec-24 Maintain BBB+ Stable -
105 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 14-Dec-24 Maintain AA Stable -
106 Pharmatec Pakistan (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Dec-24 Initial A- Stable -
107 Sapphire Retail Limited
Press Release | Report | History
Textile & Allied Entity 13-Dec-24 Upgrade A Stable -
108 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 13-Dec-24 Maintain AA- Stable -
109 Sui Southern Gas Company Limited
Press Release | Report | History
Energy Entity 13-Dec-24 Upgrade AA- Stable -
110 JS Global Capital Limited
Press Release | Report | History
Capital Markets Entity 13-Dec-24 Maintain AA Stable -
111 Select Technologies (Pvt.) Limited - PPSTS - PKR 4bln - Dec 24
Press Release | Report | History
Distributors Debt Instrument 13-Dec-24 Preliminary A Stable -
112 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 11-Dec-24 Upgrade A+ Stable -
113 Airlink Communication Limited - PPSTS-III - PKR 4.0bln - Sep-24
Press Release | Report | History
Distributors Debt Instrument 11-Dec-24 Initial A+ Stable -
114 Daewoo Pakistan Express Bus Service Limited
Press Release | Report | History
Auto and Allied Entity 11-Dec-24 Initial A- Stable -
115 Yunus Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Dec-24 Upgrade AA Stable -
116 Ismail Industries Limited
Press Release | Report | History
Food and Allied Entity 06-Dec-24 Upgrade AA- Stable -
117 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 06-Dec-24 Maintain A Stable -
118 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 06-Dec-24 Maintain A- Stable -
119 Pak Arab Refinery Limited
Press Release | Report | History
Energy Entity 06-Dec-24 Maintain AAA Stable -
120 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 05-Dec-24 Maintain A- Positive -
121 WAPDA | Sukuk | May-17
Press Release | Report | History
Energy Debt Instrument 04-Dec-24 Maintain AAA Stable -
122 WAPDA | PPTFC | May-17
Press Release | Report | History
Energy Debt Instrument 04-Dec-24 Maintain AAA Stable -
123 WAPDA Dasu Sukuk-D
Press Release | Report | History
Energy Debt Instrument 04-Dec-24 Maintain AAA Stable -
124 WAPDA Dasu TFC-D
Press Release | Report | History
Energy Debt Instrument 04-Dec-24 Maintain AAA Stable -
125 Mughal Energy Limited
Press Release | Report | History
Energy Entity 02-Dec-24 Maintain A Developing -
126 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 30-Nov-24 Maintain A Stable -
127 KSB Pumps Company Limited
Press Release | Report | History
Engineering and Technology Entity 29-Nov-24 Maintain A+ Stable Yes
128 Swat Agro Chemicals
Press Release | Report | History
Agriculture & Allied Entity 29-Nov-24 Upgrade BBB Stable -
129 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 28-Nov-24 Maintain A- Stable -
130 DIC Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Nov-24 Maintain AA- Stable -
131 Be Be Jan Pakistan Limited
Press Release | Report | History
Textile & Allied Entity 22-Nov-24 Maintain BBB Stable -
132 Sapphire Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-Nov-24 Maintain A Stable -
133 KTRADE Securities Limited
Press Release | Report | History
Capital Markets Entity 22-Nov-24 Maintain A- Stable -
134 HUM Network Limited
Press Release | Report | History
Communication Entity 22-Nov-24 Upgrade AA- Stable -
135 Chanar Energy Limited
Press Release | Report | History
Energy Entity 22-Nov-24 Maintain BBB- Stable Yes
136 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Pharma and Chemicals Debt Instrument 22-Nov-24 Maintain A Stable -
137 Ghani Global Glass Limited
Press Release | Report | History
Infrastructure Entity 22-Nov-24 Maintain BBB+ Positive -
138 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 22-Nov-24 Upgrade A- Stable -
139 Airlink Communication
Press Release | Report | History
Distributors Entity 22-Nov-24 Maintain A+ Stable -
140 Inbox Business Technologies Limited
Press Release | Report | History
Engineering and Technology Entity 22-Nov-24 Maintain A- Stable -
141 Pakistan Mobile Communications Limited - PPSTS-II - PKR 15bln - Oct-24
Press Release | Report | History
Communication Debt Instrument 20-Nov-24 Initial AA Stable -
142 K-Electric Limited - Retail Utility Sukuk - PKR 3bln - TBI
Press Release | Report | History
Energy Debt Instrument 19-Nov-24 Preliminary AA Stable -
143 WAPDA Dasu Sukuk-B
Press Release | Report | History
Energy Debt Instrument 15-Nov-24 Maintain AAA Stable -
144 WAPDA Dasu TFC-B
Press Release | Report | History
Energy Debt Instrument 15-Nov-24 Maintain AAA Stable -
145 WAPDA Dasu Sukuk-C
Press Release | Report | History
Energy Debt Instrument 15-Nov-24 Maintain AAA Stable -
146 WAPDA Dasu TFC-C
Press Release | Report | History
Energy Debt Instrument 15-Nov-24 Maintain AAA Stable -
147 Maaksons Engineering Corporation Limited
Press Release | Report | History
Infrastructure Entity 15-Nov-24 Upgrade A- Stable -
148 Samba Bank Limited | PPTFC
Press Release | Report | History
Banks Debt Instrument 15-Nov-24 Maintain AA- Stable -
149 Ahmed Fine Weaving Limited
Press Release | Report | History
Textile & Allied Entity 15-Nov-24 Maintain A- Stable -
150 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 15-Nov-24 Maintain BBB Stable -
151 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Banks Debt Instrument 15-Nov-24 Maintain A- Stable Yes
152 Prism Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Nov-24 Maintain A+ Stable -
153 Glamour Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-24 Maintain BBB- Stable -
154 Sapphire Fibres Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-24 Maintain A+ Stable -
155 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Banks Debt Instrument 13-Nov-24 Maintain A Stable -
156 Mughal Iron & Steel Industries Limited - PPSTS - PKR 2.5bln - Oct-24
Press Release | Report | History
Infrastructure Debt Instrument 13-Nov-24 Initial A+ Stable -
157 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-24 Maintain A+ Stable -
158 The Hub Power Company Limited
Press Release | Report | History
Energy Entity 08-Nov-24 Maintain AA+ Stable -
159 Pakistan Services Limited
Press Release | Report | History
Consumers Goods & Services Entity 08-Nov-24 Downgrade B Negative Yes
160 Liberty Power Tech Limited
Press Release | Report | History
Energy Entity 08-Nov-24 Maintain AA- Stable -
161 K-Electric Limited - PPSTS-29 - PKR 6.0bln - Sep-24
Press Release | Report | History
Energy Debt Instrument 07-Nov-24 Initial AA Stable -
162 Export-Import Bank of Pakistan
Press Release | Report | History
Development Institutions Entity 01-Nov-24 Initial AAA Stable -
163 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 01-Nov-24 Maintain BBB- Developing -
164 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 01-Nov-24 Maintain A- Stable -
165 Zahidjee Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 31-Oct-24 Maintain A Stable -
166 Orient Rental Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 25-Oct-24 Maintain A- Stable -
167 Pharmagen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Oct-24 Maintain A- Stable -
168 Thar Energy Limited
Press Release | Report | History
Energy Entity 25-Oct-24 Maintain AA- Stable -
169 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 25-Oct-24 Maintain AA- Stable -
170 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Oct-24 Maintain A- Stable -
171 Stylers International Limited
Press Release | Report | History
Textile & Allied Entity 23-Oct-24 Maintain A Stable -
172 AGP Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Oct-24 Maintain A+ Stable -
173 Parwaaz Financial Services Limited - PPTFC - PKR 1bln - TBI
Press Release | Report | History
Non Banking Financial Institutes Debt Instrument 22-Oct-24 Preliminary AA- Stable -
174 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 19-Oct-24 Maintain A Stable -
175 Ghandhara Automobiles Limited
Press Release | Report | History
Auto and Allied Entity 19-Oct-24 Maintain A Stable -
176 Ghandhara Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Oct-24 Maintain A+ Stable -
177 Ismail Industries Limited - PPSTS - PKR 5bln - Aug-24
Press Release | Report | History
Food and Allied Debt Instrument 17-Oct-24 Initial A+ Stable -
178 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Banks Entity 17-Oct-24 Upgrade A- Stable -
179 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Infrastructure Entity 15-Oct-24 Maintain A+ Stable -
180 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Infrastructure Debt Instrument 15-Oct-24 Maintain A+ Stable -
181 Secure Logistics Group Limited
Press Release | Report | History
Auto and Allied Entity 14-Oct-24 Maintain A+ Stable -
182 Din Energy Limited
Press Release | Report | History
Energy Entity 11-Oct-24 Maintain A Stable -
183 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 11-Oct-24 Upgrade BBB Stable -
184 Habib Construction Services Limited
Press Release | Report | History
Infrastructure Entity 11-Oct-24 Maintain BBB+ Positive -
185 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 10-Oct-24 Maintain BBB+ Stable -
186 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 10-Oct-24 Maintain BBB Stable -
187 A.J. Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Oct-24 Maintain A- Stable -
188 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 -
189 Amreli Steels Limited
Press Release | Report | History
Infrastructure Entity 01-Oct-24 Downgrade BB Negative Yes
190 My Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain BBB+ Stable -
191 PakGen Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain AA Stable -
192 LalPir Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain AA Stable -
193 Gul Ahmed Wind Power Limited
Press Release | Report | History
Energy Entity 27-Sep-24 Maintain A+ Stable -
194 Parwaaz Financial Services Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 26-Sep-24 Initial A+ Stable -
195 WAPDA Dasu Sukuk-E
Press Release | Report | History
Energy Debt Instrument 26-Sep-24 Initial AAA Stable -
196 WAPDA Dasu TFC-E
Press Release | Report | History
Energy Debt Instrument 26-Sep-24 Initial AAA Stable -
197 Master Wind Energy Limited
Press Release | Report | History
Energy Entity 26-Sep-24 Maintain A+ Stable -
198 Thardeep Microfinance Foundation
Press Release | Report | History
Banks Entity 25-Sep-24 Downgrade BB Stable -
199 Prosperity Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
200 First Habib Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-24 Maintain AA+ Stable -
201 Nishat Power Limited
Press Release | Report | History
Energy Entity 20-Sep-24 Maintain AA- Stable -
202 First Punjab Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 20-Sep-24 Maintain A- Stable -
203 Nagina Cotton Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
204 Ellcot Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Sep-24 Maintain A- Stable -
205 Atlas Power Limited
Press Release | Report | History
Energy Entity 20-Sep-24 Maintain AA- Stable -
206 Lucky Electric Power Company Limited - PPSTS-20 - PKR 5bln - Aug24
Press Release | Report | History
Energy Debt Instrument 20-Sep-24 Initial AA Stable -
207 Service Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Sep-24 Upgrade AA Stable -
208 Trust Securities & Brokerage Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-24 Maintain A- Stable -
209 Dawood Equities Limited
Press Release | Report | History
Capital Markets Entity 19-Sep-24 Maintain A- Stable -
210 Escorts Investment Bank Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 19-Sep-24 Maintain BBB+ Negative -
211 Global Marketing Services
Press Release | Report | History
Pharma and Chemicals Entity 19-Sep-24 Upgrade BBB+ Stable -
212 U Microfinance Bank Limited
Press Release | Report | History
Banks Entity 14-Sep-24 Maintain A+ Stable -
213 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
214 Berger Paints Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Sep-24 Maintain A- Stable -
215 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 13-Sep-24 Upgrade AA Stable -
216 K-Electric Limited | PPSTS-28 | PKR 7.0bln | Aug-24
Press Release | Report | History
Energy Debt Instrument 10-Sep-24 Initial AA Stable -
217 Fazal Cloth Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Sep-24 Maintain A Stable -
218 Din Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Sep-24 Maintain A- Stable -
219 Bestway Cement Limited
Press Release | Report | History
Infrastructure Entity 06-Sep-24 Maintain AA- Stable -
220 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 06-Sep-24 Maintain A- Stable -
221 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 05-Sep-24 Maintain AA- Stable -
222 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
Energy Debt Instrument 30-Aug-24 Maintain AA- Stable -
223 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Aug-24 Upgrade A+ Stable -
224 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 -
225 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 30-Aug-24 Upgrade A+ Stable -
226 Martin Dow Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Aug-24 Maintain A Stable -
227 Golden Packages (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Aug-24 Maintain BBB Stable -
228 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Energy Entity 28-Aug-24 Maintain A- Stable -
229 Multan Electric Power Company Limited
Press Release | Report | History
Energy Entity 23-Aug-24 Initial A- Positive -
230 Be Energy Limited
Press Release | Report | History
Energy Entity 23-Aug-24 Maintain A+ Stable -
231 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Aug-24 Maintain BBB- Stable -
232 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Aug-24 Maintain A- Stable -
233 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 19-Aug-24 Maintain A- Stable -
234 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Banks Debt Instrument 16-Aug-24 Maintain AA- Stable -
235 Packages Convertors Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Aug-24 Maintain AA- Stable -
236 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Aug-24 Maintain A+ Stable -
237 Tufail Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Aug-24 Maintain A- Stable Yes
238 EcoPack Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Aug-24 Maintain BBB Stable Yes
239 National Transmission & Despatch Company Limited
Press Release | Report | History
Energy Entity 09-Aug-24 Maintain AA+ Stable -
240 Sapphire Dairies (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Aug-24 Initial A- Stable -
241 Saigal Packages Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 07-Aug-24 Initial BBB- Stable -
242 Mekotex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-Aug-24 Maintain A- Stable -
243 Pak Suzuki Motor Company Limited
Press Release | Report | History
Auto and Allied Entity 02-Aug-24 Maintain AA- Stable -
244 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 01-Aug-24 Maintain A- Stable -
245 Ghandhara Tyre & Rubber Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-24 Maintain A+ Stable Yes
246 Jazaa Global (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-Jul-24 Initial BBB- Stable -
247 Fauji Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 26-Jul-24 Maintain AA+ Stable -
248 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 26-Jul-24 Maintain AA Stable -
249 Engro Fertilizers Limited
Press Release | Report | History
Agriculture & Allied Entity 26-Jul-24 Maintain AA Stable -
250 Apna Microfinance Bank Limited
Press Release | Report | History
Banks Entity 26-Jul-24 Maintain BBB- Negative Yes
251 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Jul-24 Maintain A Stable -
252 Pakistan Oxygen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Jul-24 Maintain A Stable -
253 Fatima Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Jul-24 Maintain AA+ Stable -
254 Medipak Limited
Press Release | Report | History
Pharma and Chemicals Entity 19-Jul-24 Maintain BBB+ Stable -
255 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 19-Jul-24 Upgrade BBB+ Stable -
256 Sindh Engro Coal Mining Company
Press Release | Report | History
Energy Entity 19-Jul-24 Maintain AA Stable -
257 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Jul-24 Maintain AA+ Stable -
258 National Rural Support Programme
Press Release | Report | History
Banks Entity 15-Jul-24 Maintain A- Stable -
259 Steelex (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 12-Jul-24 Upgrade BBB Stable -
260 Diamond Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 12-Jul-24 Maintain A- Stable -
261 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-Jul-24 Maintain A- Stable -
262 Nimir Resins Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain A- Stable -
263 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain A+ Stable -
264 Engro Polymer & Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Jul-24 Maintain AA Stable -
265 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 05-Jul-24 Maintain A- Stable -
266 Liberty Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Jul-24 Maintain A+ Stable -
267 Pak Elektron Limited
Press Release | Report | History
Consumers Goods & Services Entity 04-Jul-24 Maintain A+ Stable -
268 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Energy Entity 04-Jul-24 Maintain AA- Stable -
269 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 03-Jul-24 Maintain BBB Stable -
270 The Bank of Punjab
Press Release | Report | History
Banks Entity 28-Jun-24 Maintain AA+ Stable -
271 JS Bank Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AA Stable -
272 Bank Alfalah Limited
Press Release | Report | History
Banks Entity 28-Jun-24 Upgrade AAA Stable -
273 Rural Community Development Programmes
Press Release | Report | History
Banks Entity 27-Jun-24 Initial BBB Stable -
274 GuarantCo Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 27-Jun-24 Maintain AAA Stable -
275 Saif Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-24 Maintain A- Stable Yes
276 Bank of Khyber
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A+ Stable -
277 First Women Bank Limited
Press Release | Report | History
Banks Entity 27-Jun-24 Maintain A- Developing Yes
278 Tata Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Jun-24 Maintain A Stable Yes
279 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 27-Jun-24 Maintain BBB Stable -
280 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Jun-24 Upgrade AA- Stable -
281 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 26-Jun-24 Maintain AAA Stable -
282 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Jun-24 Maintain AA Stable -
283 Kohat Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-24 Maintain A- Stable -
284 Askari Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
285 Pak Libya Holding Company (Pvt.) Limited
Press Release | Report | History
Development Institutions Entity 24-Jun-24 Maintain AA- Positive -
286 BankIslami Pakistan Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA- Stable -
287 Habib Metropolitan Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA+ Stable -
288 Faysal Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AA Stable -
289 Allied Bank Limited
Press Release | Report | History
Banks Entity 24-Jun-24 Maintain AAA Stable -
290 MCB Islamic Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Upgrade A+ Stable -
291 National Bank of Pakistan
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
292 MCB Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
293 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
294 Soneri Bank Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AA- Stable -
295 Bank AL Habib Limited
Press Release | Report | History
Banks Entity 22-Jun-24 Maintain AAA Stable -
296 Siddiqsons Limited
Press Release | Report | History
Textile & Allied Entity 22-Jun-24 Maintain A- Stable -
297 Mahmood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 21-Jun-24 Maintain A- Stable -
298 Roomi Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 21-Jun-24 Maintain A- Stable -
299 PAIR Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable -
300 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Jun-24 Maintain A- Stable -
301 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
Development Institutions Entity 21-Jun-24 Maintain AA Stable Yes
302 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 21-Jun-24 Maintain AA Stable -
303 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 21-Jun-24 Maintain AA+ Stable -
304 Narowal Energy Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain AA- Stable -
305 ACT Wind (Pvt.) Limited
Press Release | Report | History
Energy Entity 20-Jun-24 Maintain A+ Stable -
306 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Upgrade A- Stable -
307 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain BBB+ Stable -
308 Packages Limited
Press Release | Report | History
Holding Company Entity 14-Jun-24 Maintain AA+ Stable -
309 K-Electric Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain AA Stable Yes
310 VMS Trading Company
Press Release | Report | History
Agriculture & Allied Entity 14-Jun-24 Maintain BBB Stable -
311 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 14-Jun-24 Maintain BB Stable -
312 E-Vision Manufacturing Limited
Press Release | Report | History
Textile & Allied Entity 14-Jun-24 Maintain BBB Stable -
313 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Energy Entity 14-Jun-24 Maintain A Stable Yes
314 Ghani Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Jun-24 Maintain A Stable -
315 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jun-24 Maintain BBB- Positive -
316 Masood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 12-Jun-24 Initial A Stable -
317 Pakistan Refinery Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Upgrade A Stable -
318 Pioneer Cement Limited
Press Release | Report | History
Infrastructure Entity 07-Jun-24 Maintain A Stable -
319 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 07-Jun-24 Maintain AA- Stable -
320 Nishat Hotels and Properties Ltd
Press Release | Report | History
Consumers Goods & Services Entity 07-Jun-24 Upgrade A Stable -
321 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 05-Jun-24 Initial A Stable -
322 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Textile & Allied Entity 03-Jun-24 Maintain A Stable -
323 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Logistics Entity 01-Jun-24 Maintain AAA Stable -
324 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 31-May-24 Initial BBB+ Stable -
325 Martin Dow Marker Limited
Press Release | Report | History
Pharma and Chemicals Entity 31-May-24 Maintain A+ Stable -
326 Gas & Oil Pakistan Limited
Press Release | Report | History
Energy Entity 31-May-24 Maintain A+ Developing Yes
327 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-May-24 Maintain A- Stable Yes
328 Panther Tyres Limited
Press Release | Report | History
Auto and Allied Entity 29-May-24 Maintain A Stable -
329 Olympia Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 27-May-24 Upgrade A Stable -
330 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 27-May-24 Maintain A- Stable Yes
331 Master Green Energy Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain A Stable -
332 Attock Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Maintain AA Stable -
333 National Refinery Limited
Press Release | Report | History
Energy Entity 24-May-24 Downgrade AA Stable Yes
334 Ziauddin University
Press Release | Report | History
Consumers Goods & Services Entity 23-May-24 Maintain BBB Stable -
335 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain A Stable -
336 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain AA Stable -
337 Pakistan Mobile Communications Limited
Press Release | Report | History
Communication Entity 17-May-24 Maintain AA Stable -
338 Descon Oxychem Limited
Press Release | Report | History
Pharma and Chemicals Entity 17-May-24 Maintain A+ Stable -
339 Entertainment Pakistan Limited
Press Release | Report | History
Infrastructure Entity 16-May-24 Maintain BB Stable -
340 NRSP Microfinance Bank Limited
Press Release | Report | History
Banks Entity 15-May-24 Maintain A- Stable Yes
341 Crown Textile
Press Release | Report | History
Textile & Allied Entity 14-May-24 Maintain BBB- Stable -
342 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-May-24 Maintain A- Stable -
343 Sitara Petroleum Service Limited
Press Release | Report | History
Energy Entity 10-May-24 Maintain A- Stable -
344 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 10-May-24 Maintain BBB- Positive -
345 Nishat Mills Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain AA Stable -
346 Infra Zamin Pakistan Limited
Press Release | Report | History
Non Banking Financial Institutes Entity 02-May-24 Maintain AAA Stable -
347 Sefam (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-24 Maintain A- Stable Yes
348 Mobilink Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable -
349 Telenor Microfinance Bank Limited
Press Release | Report | History
Banks Entity 30-Apr-24 Maintain A Stable Yes
350 AGAHE Pakistan
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BBB- Positive -
351 TPL Properties Limited
Press Release | Report | History
Infrastructure Entity 26-Apr-24 Maintain A+ Stable -
352 Union Microfinance Company Limited
Press Release | Report | History
Banks Entity 26-Apr-24 Maintain BB+ Stable Yes
353 Pakistan Synthetics Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Apr-24 Maintain A- Stable -
354 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Apr-24 Maintain BBB Stable -
355 Alfalah Securities (Pvt.) Limited (Formerly: Alfalah CLSA Securities (Pvt.) Limited)
Press Release | Report | History
Capital Markets Entity 23-Apr-24 Maintain A- Stable Yes
356 New Horizon Computer
Press Release | Report | History
Engineering and Technology Entity 20-Apr-24 Maintain BB+ Stable -
357 Asif Rice Mills
Press Release | Report | History
Agriculture & Allied Entity 19-Apr-24 Maintain BBB+ Stable -
358 National Foods Limited
Press Release | Report | History
Food and Allied Entity 19-Apr-24 Maintain AA- Stable -
359 Flying Cement Company Limited
Press Release | Report | History
Infrastructure Entity 19-Apr-24 Maintain A- Stable Yes
360 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 09-Apr-24 Maintain A+ Stable -
361 Lucky Electric Power Company Limited
Press Release | Report | History
Energy Entity 08-Apr-24 Maintain AA Stable -
362 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable -
363 Shahzad Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-24 Maintain A- Stable Yes
364 Noon Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
365 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
366 Mehran Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain A- Stable -
367 Jauharabad Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB+ Stable -
368 SGM Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Apr-24 Maintain BBB Stable -
369 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 05-Apr-24 Maintain A- Stable -
370 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
371 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Apr-24 Upgrade A+ Stable -
372 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-24 Maintain AA Stable -
373 International Business Management
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB+ Stable -
374 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
375 Madiha International (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-24 Maintain BB Stable -
376 Mount Fuji Textiles Limited
Press Release | Report | History
Textile & Allied Entity 30-Mar-24 Maintain BBB Positive -
377 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 29-Mar-24 Maintain BBB Stable -
378 Masood Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
379 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain BBB- Stable -
380 Sargodha Jute Mills Limited
Press Release | Report | History
Textile & Allied Entity 29-Mar-24 Maintain A- Stable -
381 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Mar-24 Maintain BBB Stable -
382 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
383 JWS Pakistan
Press Release | Report | History
Banks Entity 28-Mar-24 Maintain BBB Stable -
384 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 27-Mar-24 Maintain BB+ Stable -
385 Kohinoor Energy Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA Stable -
386 Fecto Cement Limited
Press Release | Report | History
Infrastructure Entity 22-Mar-24 Maintain A- Stable Yes
387 Halmore Power Generation Company Limited
Press Release | Report | History
Energy Entity 22-Mar-24 Maintain AA- Stable -
388 Warble (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
389 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-24 Maintain BBB- Stable -
390 Saif Power Limited
Press Release | Report | History
Energy Entity 21-Mar-24 Maintain AA- Stable -
391 KTM Leather (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 21-Mar-24 Maintain BBB+ Stable Yes
392 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Mar-24 Maintain A Stable -
393 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Banks Entity 19-Mar-24 Initial BBB+ Stable -
394 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Engineering and Technology Entity 18-Mar-24 Upgrade A- Stable -
395 Descon Engineering Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
396 Unicol Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain A Stable -
397 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Mar-24 Maintain BBB+ Stable -
398 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Capital Markets Entity 15-Mar-24 Maintain A- Stable -
399 Fauji Cement Company Limited
Press Release | Report | History
Infrastructure Entity 15-Mar-24 Maintain AA- Stable -
400 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 13-Mar-24 Upgrade BBB+ Stable -
401 ARY Communications Limited
Press Release | Report | History
Communication Entity 12-Mar-24 Initial A Stable -
402 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Mar-24 Maintain AA- Stable -
403 Newage Cables (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Mar-24 Initial A- Stable -
404 D.G. Khan Cement Company Limited
Press Release | Report | History
Infrastructure Entity 01-Mar-24 Maintain AA- Stable -
405 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable Yes
406 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain BBB Stable -
407 Masood Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 01-Mar-24 Maintain A- Stable -
408 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 -
409 OLP Modaraba
Press Release | Report | History
Non Banking Financial Institutes Entity 01-Mar-24 Maintain AA Stable -
410 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Communication Entity 01-Mar-24 Maintain BBB+ Stable -
411 Poly Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 01-Mar-24 Maintain A- Stable -
412 Kashf Foundation
Press Release | Report | History
Banks Entity 23-Feb-24 Upgrade A Stable -
413 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Feb-24 Maintain A+ Stable -
414 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 23-Feb-24 Maintain A- Stable -
415 Select Technologies (Pvt.) Limited
Press Release | Report | History
Distributors Entity 23-Feb-24 Initial A Stable -
416 FINCA Microfinance Bank Limited
Press Release | Report | History
Banks Entity 23-Feb-24 Downgrade BBB+ Negative Yes
417 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Feb-24 Maintain A- Stable -
418 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 21-Feb-24 Maintain A+ Stable -
419 Sapphire Electric Company Limited
Press Release | Report | History
Energy Entity 19-Feb-24 Maintain AA- Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

+92 42 3586 9504-6 | compliance@pacra.com

DISCLAIMER
In case your complaint has not been properly redressed by us, you may lodge your complaint with SECP.