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
Al-Ghazi Tractors Ltd. 10/3/2024 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed
Punjab Thermal Power (Pvt) Limited 10/2/2024 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed
JDW Sugar Mills Ltd 10/2/2024 STS-2
Matured
Sitara Textile Industries Ltd 10/1/2024 Entity
BB+ Obligations deemed likely to be met. Protection factors are capable of weakening if changes occur in the economy. Overall quality may move up or down frequently within this category.
A-3 Fair likelihood of timely repayment of short-term debt obligations with satisfactory liquidity factors
Rating Watch - Negative Downgrade
Gharo Solar Ltd 9/26/2024 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Upgrade
Masood Textile Mills Limited 9/24/2024 Entity
Withdrawn
Quaid-e-Azam Thermal Power (Pvt) Limited 9/23/2024 Entity
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors
Stable Upgrade
Maple Leaf Power Limited 9/23/2024 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Initial
OBS Pharma (Pvt) Limited 9/23/2024 BLR
A+ (blr)
Stable Reaffirmed
OBS Pharma (Pvt) Limited 9/23/2024 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed