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Name
Date
Rating Type
Long Term
Short Term
Outlook
Action
Agro Processors and Atmospheric Gases Limited
8/23/2023
Entity
BBB
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Upgrade
Press Release
|
History
|
Rating Report
Asian Food Industries Limited
2/21/2024
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Initial
Press Release
|
History
|
Rating Report
At-Tahur Limited
6/12/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Negative
Maintained
Press Release
|
History
|
Rating Report
Bismillah Sehla Processing Plant (Pvt) Limited
9/13/2023
Entity
BBB+
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Initial
Press Release
|
History
|
Rating Report
Bunny's Limited
4/6/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Dairyland (Pvt) Limited
11/17/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Positive
Reaffirmed
Press Release
|
History
|
Rating Report
Everfresh Farms (Pvt) Limited
9/6/2023
Entity
BBB+
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Positive
Maintained
Press Release
|
History
|
Rating Report
Faisalabad Oil Refinery (Pvt) Limited
6/23/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Upgrade
Press Release
|
History
|
Rating Report
Garibsons (Pvt) Ltd.
3/1/2024
Entity
A
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Upgrade
Press Release
|
History
|
Rating Report
Golden Harvest Foods (Pvt) Limited
12/8/2023
Entity
BBB+
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Habib Oil Mills (Pvt.) Limited
6/6/2023
Entity
BBB
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3
Negative
Reaffirmed
Press Release
|
History
|
Rating Report
Haleeb Foods Limited
1/23/2024
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1
Stable
Upgrade
Press Release
|
History
|
Rating Report
JK Dairies (Pvt) Limited
12/22/2023
Entity
BBB+
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Karachi Grain (Pvt) Limited
3/28/2023
Entity
BBB+
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Initial
Press Release
|
History
|
Rating Report
Kausar Ghee Mills (Pvt) Limited
8/8/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Madina Oil Refinery Limited
2/20/2023
Entity
BBB-
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Initial
Press Release
|
History
|
Rating Report
Madina Private Limited
6/23/2023
Entity
BBB
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Matco Foods Limited
12/29/2023
Entity
BBB+
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Olympia Oils (Pvt) Limited
12/6/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
Shakarganj Food Products Limited
8/18/2023
Entity
BBB-
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3
Negative
Downgrade
Press Release
|
History
|
Rating Report
Shakarganj Food Products Limited
8/18/2023
Sukuk 1
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
Suspended
Press Release
|
History
|
Rating Report
|
Issue Detail
Staple Foods Private Limited
3/13/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Reaffirmed
Press Release
|
History
|
Rating Report
The Organic Meat Company Limited
12/15/2022
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Positive
Maintained
Press Release
|
History
|
Rating Report
Treet Corporation Limited
12/15/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Maintained
Press Release
|
History
|
Rating Report
Unity Foods Limited
11/1/2023
Entity
A
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Negative
Reaffirmed
Press Release
|
History
|
Rating Report
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