Corporates

Cement & Construction
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Dolmen (Pvt) Limited 5/23/2023 Entity A- A-2 Stable Initial
Enertech Water (Pvt) Limited 6/6/2024 Entity AA A-1 Stable Initial
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited 3/15/2023 BLR AA (blr) Stable Reaffirmed
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited 3/15/2023 Entity A A-2 Stable Reaffirmed
Izhar Construction (Pvt) Limited 3/27/2024 Entity A A-1 Stable Upgrade
Javedan Corporation Ltd. 7/27/2023 Entity A+ A-1 Stable Reaffirmed
Javedan Corporation Ltd. 7/27/2023 Sukuk 1 AA- Stable Reaffirmed
Lahore Sialkot Motorway Infrastructure Management (Pvt) Ltd 12/27/2023 Entity A- A-2 Stable Reaffirmed
Lucky Cement Limited 10/31/2023 Entity AA+ A-1+ Stable Reaffirmed
Malir Expressway Limited 10/12/2023 Entity A- A-2 Stable Initial
Maple Leaf Cement Factory Ltd 9/20/2023 Entity A A-1 Stable Maintained
Power Cement Ltd 12/27/2023 Entity A- A-2 Stable Reaffirmed
Sachal Engineering Works (Pvt) Limited 8/23/2023 Entity A- A-2 Stable Initial
Swat Expressway Planning Construction and Operations (Pvt) Limited 10/6/2023 Entity A- A-2 Stable Reaffirmed
Thatta Cement Company Ltd 5/14/2024 Entity A- A-2 Stable Initial