Corporates

Chemicals
Name Date Rating Type Long Term Short Term Outlook Action
Archroma Pakistan Ltd 1/31/2023 Entity AA A-1 Stable Reaffirmed
Gamalux Oleochemicals Limited 7/12/2023 Entity A- A-2 Stable Initial
Ittehad Chemicals Limited 3/30/2023 Entity A- A-2 Stable Maintained
Lucky Core Industries Limited (Formerly ICI Pakistan Limited) 7/10/2023 Entity AA A-1+ Rating Watch - Developing Maintained
Power Chemical Industries Limited 9/12/2022 Entity A- A-2 Stable Initial
Sitara Chemical Industries Limited 1/27/2023 Entity A+ A-2 Stable Downgrade