Corporates

Consumer Goods

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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