Corporates

Consumer Goods
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Agro Processors and Atmospheric Gases Limited 9/11/2024 Entity BBB+ A2 Stable Upgrade
Asian Food Industries Limited 2/21/2024 Entity A- A2 Stable Initial
At-Tahur Limited 6/10/2024 Entity A- A2 Stable Maintained
At-Tahur Limited 1/10/2025 STS A1 Final
Bismillah Sehla Processing Plant (Pvt) Limited 9/13/2023 Entity BBB+ A2 Stable Initial
Bunny's Limited 12/31/2024 Entity A- A2 Negative Maintained
Dairyland (Pvt) Limited 1/17/2025 Entity A- A2 Positive Reaffirmed
Everfresh Farms (Pvt) Limited 8/2/2024 Entity A- A2 Stable Upgrade
Faisalabad Oil Refinery (Pvt) Limited 8/16/2024 Entity A- A2 Stable Reaffirmed
Garibsons (Pvt) Ltd. 3/19/2025 Entity A A2 Stable Reaffirmed
Golden Harvest Foods (Pvt) Limited 11/14/2024 Entity BBB+ A2 Stable Reaffirmed
Haleeb Foods Limited 1/23/2024 Entity A- A1 Stable Upgrade
Ittefaq Agro Industries (Pvt) Limited 5/2/2024 Entity A- A2 Stable Initial
JK Dairies (Pvt) Limited 12/22/2023 Entity BBB+ A2 Stable Reaffirmed
Karachi Grain (Pvt) Limited 6/11/2024 Entity BBB+ A2 Stable Reaffirmed
Kausar Ghee Mills (Pvt) Limited 2/25/2025 Entity A A1 Stable Upgrade
Madina Oil Refinery Limited 4/9/2024 Entity BBB A2 Stable Upgrade
Madina Private Limited 7/30/2024 Entity BBB A2 Stable Reaffirmed
Matco Foods Limited 1/6/2025 Entity BBB+ A2 Stable Reaffirmed
Matco Foods Limited 1/6/2025 STS A1 (plim) Preliminary
Millac Food (Pvt) Limited 2/6/2025 Entity A- A2 Stable Initial
Olympia Oils (Pvt) Limited 3/26/2025 Entity A- A2 Stable Reaffirmed
Shakarganj Food Products Limited 7/3/2024 Entity BBB- A3 Stable Maintained
Shakarganj Food Products Limited 7/3/2024 Sukuk 1 BBB- Stable Downgrade
Staple Foods Private Limited 5/8/2024 Entity A A1 Stable Upgrade
Sunridge Foods (Private) Limited 12/26/2024 Sukuk 1 AAA (plim) Stable Preliminary
Sunridge Foods (Private) Limited 9/10/2024 Entity BBB+ A3 Stable Initial
The Organic Meat Company Limited 7/2/2024 Entity A A1 Stable Upgrade
Treet Corporation Limited 1/20/2025 Entity A- A2 Stable Reaffirmed
Unity Foods Limited 2/13/2025 Entity A A2 Negative Reaffirmed