| Name |
Date |
Rating Type |
Long Term |
Short Term |
Outlook/Rating Watch |
Action |
|
First Paramount Modaraba |
1/16/2025 |
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 |
|
|
|
AA Spinning Mills Limited |
1/15/2025 |
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 |
|
|
|
Lahore Sialkot Motorway Infrastructure Management (Pvt) Ltd |
1/14/2025 |
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 |
|
|
|
Cotton Web Limited |
1/14/2025 |
Entity |
|
|
|
Withdrawn |
|
|
|
Al Ameen Islamic Cash Fund |
1/9/2025 |
Fund Stability |
AA+(f)
High degree of stability in Net Asset Value; Risk is modest but may
vary slightly from time to time because of changing economic
conditions.
|
|
|
Reaffirmed |
|
|
|
Al Ameen Islamic Aggressive Income Fund |
1/9/2025 |
Fund Stability |
A+(f)
Moderate degree of stability in Net Asset Value; Risk factors may
vary with possible changes in the economy.
|
|
|
Reaffirmed |
|
|
|
Al Ameen Islamic Sovereign Fund |
1/9/2025 |
Fund Stability |
AA(f)
High degree of stability in Net Asset Value; Risk is modest but may
vary slightly from time to time because of changing economic
conditions.
|
|
|
Reaffirmed |
|
|
|
Shirazi Investments (Pvt) Limited |
1/13/2025 |
Entity |
AA
High credit quality; Protection factors are strong. Risk is modest but
may vary slightly from time to time because of economic conditions.
|
A1+
Strongest likelihood of timely repayment of short-term obligations
with outstanding liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Pakistan Telecommunication Company Limited |
1/10/2025 |
STS-10 |
|
A1+ (plim)
|
|
Preliminary |
|
|
|
Pakistan Telecommunication Company Limited |
1/10/2025 |
Entity |
AAA
Highest credit quality; the risk factors are negligible, being only
slightly more than for risk-free Government of Pakistan’s debt.
|
A1+
Strongest likelihood of timely repayment of short-term obligations
with outstanding liquidity factors
|
Stable |
Reaffirmed |
|
|