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 Action
Pakistan Mortgage Refinance Company 4/9/2024 Entity
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
A-1+ Stable Reaffirmed
Madina Oil Refinery Limited 4/9/2024 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
Magna Processing Industries (Pvt) Limited 4/8/2024 Entity
Withdrawn
Magna Textile Industries (Pvt) Limited 4/8/2024 Entity
Withdrawn
I-J Plastic Industries (Pvt) Limited 4/8/2024 Entity
Withdrawn
Eastern Spinning Mills Limited 4/8/2024 Entity
Withdrawn
Qadri Textile Mills Limited 4/8/2024 Entity
Withdrawn
Syntronics Limited 4/8/2024 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
Master Textile Mills Limited 4/4/2024 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Upgrade
Al-Karam Textile Mills (Pvt) Limited 4/4/2024 Sukuk 1
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Preliminary