Corporates

Steel & Allied Products
Name Date Rating Type Long Term Short Term Outlook Action
Agha Steel Industries 12/13/2022 Entity A A-2 Negative Maintained
Agha Steel Industries 12/13/2022 Sukuk 1 A+ Negative Maintained
Aisha Steel Mills Limited 12/13/2022 Entity BBB+ A-2 Stable Downgrade
BBJ Pipe Industries Limited 10/25/2022 Entity BBB A-2 Stable Initial
Crescent Steel & Allied Products Limited 10/11/2022 Entity A- A-2 Stable Reaffirmed
Crescent Steel & Allied Products Limited 10/24/2022 Sukuk 1 A- Stable Final
Faizan Steel 1/10/2022 Entity BBB+ A-2 Stable Initial
Frontier Foundary Steel (Pvt) Limited 11/1/2021 Entity A A-1 Stable Upgrade
International Industries Limited 5/11/2022 Entity AA- A-1 Stable Reaffirmed
International Steels Limited 5/23/2022 Entity A+ A-1 Stable Reaffirmed
Mannan Shahid Forgings Limited 3/17/2022 Entity A- A-2 Stable Initial
Mehboob Steel Pipe Industry 12/30/2022 Entity BBB- A-2 Stable Reaffirmed
Mughal Iron & Steel Industries Limited 11/25/2022 Sukuk 1 A+ Stable Reaffirmed
Mughal Iron & Steel Industries Limited 11/25/2022 Entity A+ A-1 Stable Reaffirmed