Corporates

Cement & Construction
Name Date Rating Type Long Term Short Term Outlook Action
Dolmen (Pvt) Limited 5/23/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 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 Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
Izhar Construction (Pvt) Limited 3/27/2024 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Upgrade
Javedan Corporation Ltd. 7/27/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
Javedan Corporation Ltd. 7/27/2023 Sukuk 1
AA- High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Lahore Sialkot Motorway Infrastructure Management (Pvt) Ltd 12/27/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
Lucky Cement Limited 10/31/2023 Entity
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Stable Reaffirmed
Malir Expressway Limited 10/12/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Maple Leaf Cement Factory Ltd 9/20/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Maintained
Power Cement Ltd 12/27/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
Sachal Engineering Works (Pvt) Limited 8/23/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Swat Expressway Planning Construction and Operations (Pvt) Limited 10/6/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed