Corporates

Textiles
Name Date Rating Type Long Term Short Term Outlook Action
AA Spinning Mills Limited 8/15/2022 Entity A- A-2 Stable Reaffirmed
AGI Denim 7/20/2022 Entity A A-2 Stable Initial
Ahmed Oriental Textile Mills Limited 12/30/2022 Entity A- A-2 Negative Maintained
Akhtar Textile Industries (Pvt) Ltd 4/14/2023 Entity A A-2 Stable Reaffirmed
Akram Cotton Mills Limited 6/17/2022 Entity BBB A-2 Stable Reaffirmed
Al Karam Towel Industries (Pvt) Ltd 5/25/2022 Entity A- A-2 Stable Reaffirmed
Al-Karam Textile Mills (Pvt) Limited 5/30/2023 Entity A A-2 Negative Reaffirmed
Amna Industries (Pvt) Limited 3/1/2023 Entity BBB+ A-2 Stable Initial
Arshad Corporation (Pvt) Ltd 12/29/2022 Entity A- A-2 Stable Reaffirmed
Arshad Textile Mills Limited 8/29/2022 Entity BBB- A-2 Stable Upgrade
Artistic Apparels (Pvt) Ltd 3/21/2023 Entity Suspended
Artistic Denim Mills Ltd 1/9/2023 Entity A- A-2 Stable Reaffirmed
Artistic Milliners (Pvt) Limited 12/13/2022 Entity AA- A-1 Stable Reaffirmed
Asher Imran Spinning Mills (Pvt) Limited 8/18/2022 Entity A- A-2 Stable Initial
Best Exports (Pvt) Ltd 6/30/2022 Entity BBB A-2 Stable Reaffirmed
Best Fibres (Pvt) Ltd 4/27/2023 Entity A- A-2 Stable Reaffirmed
Bhanero Textile Mills Ltd 8/15/2022 Entity A+ A-1 Stable Reaffirmed
Bhimra Textile Mills (Pvt) Limited 12/29/2022 Entity BBB A-2 Negative Maintained
Bismillah Textiles Limited 9/8/2022 Entity BBB+ A-2 Stable Initial
Blessed Textiles Ltd 8/11/2022 Entity A A-1 Stable Upgrade
Chakwal Textile Mills Limited 8/11/2022 Entity BBB- A-2 Stable Reaffirmed
Chiniot Textile Mills Limited 6/6/2022 Entity BBB A-2 Stable Initial
Comfort Knitwears (Pvt) Ltd 6/2/2022 Entity A- A-2 Stable Initial
Cotton Web Limited 10/11/2022 Entity A- A-2 Stable Initial
Crescent Bahuman Limited 5/9/2023 Entity A- A-2 Stable Reaffirmed
Dynamic Sportswear (Pvt) Limited 5/25/2023 Entity A- A-2 Stable Reaffirmed
Eastern Spinning Mills Limited 1/12/2023 Entity Suspended
Ejaz Spinning Mills Limited 6/27/2022 Entity A- A-2 Stable Initial
Faisal Spinning Mills Ltd 8/11/2022 Entity A Stable Reaffirmed
Feroze 1888 Mills Limited 1/13/2023 Entity AA- A-1 Stable Reaffirmed
Gadoon Textile Mills Limited 11/2/2022 Entity A+ A-1 Stable Reaffirmed
Gatron (Industries) Limited 2/15/2023 Entity A- A-2 Stable Initial
Gohar Textile Mills (Pvt) Ltd 6/6/2022 Entity A A-1 Stable Reaffirmed
H.A Fibres (Pvt) Limited 6/23/2022 Entity A- A-2 Positive Reaffirmed
Indigo Textile (Pvt) Limited 5/24/2023 Entity A A-1 Stable Reaffirmed
Indus Dyeing & Manufacturing Co Limited 8/4/2022 Entity A+ A-1 Stable Reaffirmed
Indus Home Limited 8/1/2022 Entity A- A-2 Stable Maintained
Indus Lyallpur Limited 8/18/2022 Entity A- A-2 Stable Upgrade
Interloop Limited 5/10/2023 Entity A+ A-1 Stable Reaffirmed
International Textile Limited 4/18/2023 Entity A A-2 Stable Upgrade
J.K Spinning Mills Limited 5/22/2023 Entity A- A-1 Stable Maintained
Kamal Limited 4/7/2023 Entity A A-1 Stable Reaffirmed
Kamal Textile Mills (Pvt) Ltd 4/25/2022 Entity A- A-2 Stable Initial
Khalid Shafique Spinning Mills Limited 6/29/2022 Entity BBB+ A-2 Stable Upgrade
Kohinoor Mills Limited 8/10/2022 Entity BBB+ A-2 Stable Reaffirmed
Kohinoor Textile Mills Limited 7/22/2022 Entity A+ A-1 Stable Reaffirmed
Lucky Knits (Pvt) Limited 10/4/2022 Entity A- A-1 Stable Reaffirmed
Lucky Textile Mills Limited 12/19/2022 Entity AA- A-1 Stable Reaffirmed
M.K Sons (Pvt) Ltd 5/29/2023 Entity A- A-2 Stable Reaffirmed
Magna Processing Industries (Pvt) Limited 3/15/2023 Entity A- A-2 Stable Initial
Magna Textile Industries (Pvt) Limited 3/16/2023 Entity BBB A-2 Stable Initial
Masco Spinning Mills (Pvt) Limited 12/7/2022 Entity BBB+ A-2 Initial
Masood Textile Mills Limited 12/14/2022 Sukuk 1 A Stable Reaffirmed
Masood Textile Mills Limited 12/14/2022 Entity A- A-2 Stable Reaffirmed
Master Textile Mills Limited 11/4/2022 Entity A A-1 Stable Reaffirmed
Metco Textile (Pvt) Limited 7/4/2022 Entity A- A-2 Stable Reaffirmed
Mustaqim Dyeing and Printing Ind. (Pvt) limited 3/1/2023 Entity A- A-2 Stable Reaffirmed
Nadeem Textile Mills Limited 12/21/2022 Entity A- A-2 Stable Reaffirmed
Naveena Exports Limited 4/12/2023 Entity A A-1 Stable Maintained
Naveena Industries Limited 12/30/2022 Entity A- A-2 Negative Maintained
Nishat (Chunian) Limited 6/2/2022 Entity A A-2 Positive Maintained
Pak kuwait Textiles Limited 10/20/2022 Entity A- A-1 Stable Initial
Premium Textile Mills Limited 7/18/2022 Entity A- A-2 Stable Reaffirmed
Qadri Textile Mills Limited 1/13/2023 Entity Suspended
Quality Textile Mills Ltd 12/30/2022 Entity BBB A-2 Negative Maintained
Rajby Industries 6/7/2022 Entity A- A-2 Stable Maintained
Rajby Textiles (Pvt) Limited 6/8/2022 Entity A- A-2 Stable Downgrade
Rizwan Enterprises 5/29/2023 Entity A- A-1 Stable Reaffirmed
Sadaqat Limited 6/22/2022 Entity A A-2 Stable Maintained
Sadaqat Limited 6/22/2022 TFC A Stable Maintained
Sapphire Textile Mills Limited 7/4/2022 Entity A+ A-1 Stable Reaffirmed
Saya Weaving Mills (Pvt) Limited 2/22/2023 Entity A- A-2 Stable Reaffirmed
Shadab Textile Mills Limited 12/2/2022 Entity A- A-2 Negative Maintained
Shafi Texcel Limited 12/19/2022 Entity BBB+ A-2 Stable Initial
Shahbaz Garments (Pvt) Limited 9/6/2022 Entity A- A-2 Stable Reaffirmed
Shahkam Industries (Pvt) Ltd 8/18/2022 Entity BBB+ A-2 Stable Initial
Shahtaj Textile Limited 11/23/2022 Entity A- A-2 Stable Reaffirmed
Sheikhupura Textile Mills Limited 6/30/2022 Entity BBB A-2 Stable Initial
Siara Textile Mills (Pvt) Limited 11/10/2022 Entity BBB A-2 Stable Initial
Sitara Textile Industries Ltd 1/30/2023 Entity Suspended
Sohail Textile Mills Limited 10/19/2022 Entity BBB- A-2 Stable Reaffirmed
Soorty Enterprises (Pvt) Limited 5/30/2022 Entity AA- A-1 Stable Reaffirmed
Sunrays Textile Mills Limited 8/22/2022 Entity A- A-1 Stable Reaffirmed
Suraj Cotton Mills Limited 12/29/2022 Entity A+ A-1 Stable Reaffirmed
The Crescent Textile Mills Limited 2/16/2023 Entity A- A-2 Stable Reaffirmed
Towellers Limited 12/30/2022 Entity A A-1 Stable Reaffirmed
Umar Spinning Mills (Pvt) Limited 3/13/2023 Entity BBB+ A-2 Stable Maintained
Union Apparel (Pvt) Ltd 1/18/2023 Entity A- A-2 Stable Reaffirmed
Union Fabrics (Pvt) Ltd 1/18/2023 Entity A- A-2 Stable Reaffirmed
Z.A Corporation (Pvt) Ltd 4/3/2023 Entity BBB+ A-2 Stable Reaffirmed
Zahra Textile 1/4/2023 Entity Suspended
Zaman Textile Mills (Pvt) Limited 3/7/2023 Entity A- A-2 Stable Reaffirmed
Zephyr Textiles Limited 8/30/2022 Entity BBB+ A-2 Positive Reaffirmed