Corporates

Tanneries and Leather Products

Name Date Rating Type Long Term Short Term Outlook Action
Muhammad Shafi Tanneries (Pvt) Ltd 3/5/2024 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2 Stable Reaffirmed
Shafi Lifestyle (Pvt) Ltd 1/11/2024 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
Universal Leather (Pvt) Ltd. 2/29/2024 Entity
BBB Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3 Positive Maintained