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+ A2 Stable Maintained
BBJ Pipe Industries Limited 1/2/2024 Entity BBB A2 Stable Maintained
Crescent Steel & Allied Products Limited 12/13/2023 Entity A- A2 Stable Maintained
Crescent Steel & Allied Products Limited 12/13/2023 Sukuk 1 A- Stable Maintained
Faizan Steel 1/31/2024 Entity BBB+ A2 Stable Maintained
Frontier Foundry Steel Limited 7/24/2024 Entity A A1 Stable Reaffirmed
International Industries Limited 10/22/2024 Entity AA- A1 Stable Reaffirmed
International Steels Limited 10/29/2024 Entity A+ A1 Stable Reaffirmed
Mehboob Steel Pipe Industry 4/22/2024 Entity BBB A2 Stable Upgrade
Mughal Iron & Steel Industries Limited 11/18/2024 Sukuk 1 A+ Stable Reaffirmed
Mughal Iron & Steel Industries Limited 11/18/2024 Entity A+ A1 Stable Reaffirmed
Naveena Steels Mills (Pvt) Limited 7/9/2024 Entity A- A2 Negative Maintained