China Chengxin International Credit Rating Co.Ltd CCXI:    Press Release    |    COUNTRY RISK REPORT ALONG THE BELT AND ROAD (2022)


Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Sitara Chemical Industries Limited 4/24/2025 Sukuk 1
AA- High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Tower Power (Pvt) Limited 4/24/2025 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Reaffirmed
Tariq Corporation Limited 4/23/2025 Entity
BBB Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A3 Fair likelihood of timely repayment of short-term debt obligations with satisfactory liquidity factors
Stable Reaffirmed
CSC Empowerment & Inclusion Programme (MFI) 4/23/2025 Entity
BBB- Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A3 Fair likelihood of timely repayment of short-term debt obligations with satisfactory liquidity factors
Stable Reaffirmed
Darson Securities (Pvt) Limited 4/22/2025 BFR
BFR3+ Good fiduciary standards
Stable Reaffirmed
RYK Mills Limited 4/22/2025 STS
A1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Final
Mehboob Steel Pipe Industry 4/22/2025 Entity
Review Initiated
Umar Spinning Mills (Pvt) Limited 4/22/2025 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Reaffirmed
JK Dairies (Pvt) Limited 12/24/2024 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Reaffirmed
Two Star Industries (Pvt) Limited 4/21/2025 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Negative Maintained