Corporates

Steel & Allied Products
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Agha Steel Industries Limited 5/22/2024 Sukuk 3 D Default
Agha Steel Industries Limited 5/22/2024 Entity CCC C Negative Downgrade
Aisha Steel Mills Limited 1/1/2024 Entity BBB+ A-2 Stable Maintained
BBJ Pipe Industries Limited 1/2/2024 Entity BBB A-2 Stable Maintained
Crescent Steel & Allied Products Limited 12/13/2023 Entity A- A-2 Stable Maintained
Crescent Steel & Allied Products Limited 12/13/2023 Sukuk 1 A- Stable Maintained
Faizan Steel 1/31/2024 Entity BBB+ A-2 Stable Maintained
Frontier Foundry Steel Limited 7/24/2024 Entity A A-1 Stable Reaffirmed
International Industries Limited 11/13/2023 Entity AA- A-1 Stable Maintained
International Steels Limited 11/24/2023 Entity A+ A-1 Stable Maintained
Mehboob Steel Pipe Industry 4/22/2024 Entity BBB A-2 Stable Upgrade
Mughal Iron & Steel Industries Limited 12/8/2023 Sukuk 1 A+ Stable Maintained
Mughal Iron & Steel Industries Limited 12/8/2023 Entity A+ A-1 Stable Maintained
Naveena Steels Mills (Pvt) Limited 7/9/2024 Entity A- A-2 Negative Maintained