Corporates

Textiles
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
AA Spinning Mills Limited 12/27/2023 Entity A- A-2 Stable Reaffirmed
AGI Denim 6/11/2024 Entity A+ A-1 Stable Upgrade
Ahmed Oriental Textile Mills Limited 1/15/2024 Entity A- A-2 Negative Reaffirmed
Akhtar Textile Industries (Pvt) Ltd 4/14/2023 Entity A A-2 Stable Reaffirmed
Akram Cotton Mills Limited 2/27/2024 Entity BBB A-2 Stable Initial
Al Karam Towel Industries (Pvt) Ltd 8/1/2023 Entity A- A-2 Stable Reaffirmed
Al-Karam Textile Mills (Pvt) Limited 4/4/2024 Sukuk 1 A Stable Preliminary
Al-Karam Textile Mills (Pvt) Limited 4/4/2024 Entity A A-2 Stable Maintained
Amna Industries (Pvt) Limited 5/17/2024 Entity BBB+ A-2 Negative Maintained
Arshad Corporation (Pvt) Ltd 3/6/2024 Entity A- A-2 Stable Reaffirmed
Arshad Textile Mills Limited 3/6/2024 Entity BBB- A-2 Stable Reaffirmed
Artistic Denim Mills Ltd 3/29/2024 Entity A- A-2 Stable Reaffirmed
Asher Imran Spinning Mills (Pvt) Limited 11/20/2023 Entity A- A-2 Stable Reaffirmed
Best Fibres (Pvt) Ltd 5/14/2024 Entity A- A-2 Positive Maintained
Bhanero Textile Mills Ltd 9/26/2023 Entity A+ A-1 Stable Reaffirmed
Bhimra Textile Mills (Pvt) Limited 12/15/2023 Entity BBB A-2 Stable Maintained
Bismillah Textiles Limited 8/22/2023 Entity BBB+ A-2 Stable Reaffirmed
Blessed Textiles Ltd 9/26/2023 Entity A A-1 Stable Reaffirmed
Chakwal Textile Mills Limited 10/23/2023 Entity Suspended
Comfort Knitwears (Pvt) Ltd 7/12/2023 Entity A- A-2 Stable Reaffirmed
Cotton Web Limited 1/1/2024 Entity A- A-2 Positive Maintained
Crescent Bahuman Limited 6/24/2024 Entity A- A-2 Positive Maintained
Dynamic Sportswear (Pvt) Limited 7/1/2024 Entity A- A-2 Stable Reaffirmed
Faisal Spinning Mills Ltd 9/26/2023 Entity A A-1 Stable Reaffirmed
Feroze 1888 Mills Limited 2/27/2024 Entity AA- A-1 Stable Reaffirmed
Gadoon Textile Mills Limited 10/31/2023 Entity A+ A-1 Stable Reaffirmed
Gatron (Industries) Limited 5/17/2024 Entity A- A-2 Stable Reaffirmed
Gohar Textile Mills (Pvt) Ltd 3/11/2024 Entity A+ A-1 Stable Upgrade
H.A Fibres (Pvt) Limited 10/2/2023 Entity A- A-2 Stable Maintained
Indigo Textile (Pvt) Limited 7/19/2024 Entity A A-1 Stable Reaffirmed
Indus Dyeing & Manufacturing Co Limited 9/28/2023 Entity A+ A-1 Stable Reaffirmed
Indus Home Limited 7/24/2023 Entity A- A-2 Stable Reaffirmed
Indus Lyallpur Limited 9/28/2023 Entity A- A-2 Stable Reaffirmed
Interloop Limited 7/18/2024 Entity AA- A-1 Stable Upgrade
International Textile Limited 5/2/2024 Entity A A-2 Stable Reaffirmed
J.K Spinning Mills Limited 5/22/2023 Entity A- A-1 Stable Maintained
Kamal Limited 5/3/2024 Entity A A-1 Stable Reaffirmed
Kamal Textile Mills (Pvt) Ltd 7/3/2024 Entity A- A-2 Stable Reaffirmed
Khalid Shafique Spinning Mills Limited 6/3/2024 Entity BBB+ A-2 Stable Maintained
Kohinoor Mills Limited 8/30/2023 Entity BBB+ A-2 Positive Maintained
Kohinoor Textile Mills Limited 10/5/2023 Entity A+ A-1 Stable Reaffirmed
Lucky Knits (Pvt) Limited 11/17/2023 Entity A- A-1 Stable Reaffirmed
Lucky Textile Mills Limited 11/20/2023 Entity AA- A-1 Stable Reaffirmed
M.K Sons (Pvt) Ltd 6/14/2024 Entity A- A-2 Stable Reaffirmed
Masood Textile Mills Limited 2/27/2024 Entity A A-2 Stable Upgrade
Masood Textile Mills Limited 2/27/2024 Sukuk 1 A Stable Reaffirmed
Master Textile Mills Limited 4/4/2024 Entity A+ A-1 Stable Upgrade
Metco Textile (Pvt) Limited 10/6/2023 Entity A- A-2 Negative Maintained
Mustaqim Dyeing and Printing Ind. (Pvt) limited 5/15/2024 Entity A- A-2 Stable Reaffirmed
Nadeem Textile Mills Limited 1/30/2024 Entity A- A-2 Stable Reaffirmed
Naveena Exports Limited 6/4/2024 Entity A A-1 Stable Reaffirmed
Naveena Industries Limited 1/15/2024 Entity A- A-2 Stable Maintained
Nishat (Chunian) Limited 7/5/2024 Entity A- A-2 Stable Reaffirmed
Pak kuwait Textiles Limited 3/15/2024 Entity A- A-1 Stable Reaffirmed
Premium Textile Mills Limited 6/5/2024 Entity A- A-2 Stable Reaffirmed
Rajby Industries 7/15/2024 Entity A- A-2 Positive Maintained
Rajby Textiles (Pvt) Limited 7/14/2023 Entity A- A-2 Stable Reaffirmed
Rizwan Enterprises 5/29/2023 Entity A- A-1 Stable Reaffirmed
Sadaqat Limited 10/10/2023 Entity A A-2 Stable Reaffirmed
Sadaqat Limited 10/10/2023 TFC A Stable Reaffirmed
Sapphire Textile Mills Limited 9/13/2023 Entity A+ A-1 Stable Reaffirmed
Saya Weaving Mills (Pvt) Limited 4/17/2024 Entity A- A-2 Stable Reaffirmed
Shadab Textile Mills Limited 1/8/2024 Entity A- A-2 Negative Reaffirmed
Shahbaz Garments (Pvt) Limited 4/16/2024 Entity A- A-2 Stable Reaffirmed
Shahtaj Textile Limited 11/24/2023 Entity A- A-2 Stable Reaffirmed
Sheikhupura Textile Mills Limited 7/24/2024 Entity BBB A-2 Positive Maintained
Siara Textile Mills (Pvt) Limited 2/27/2024 Entity BBB A-2 Stable Reaffirmed
Sitara Hamza (Pvt) Limited 3/29/2024 Entity BBB A-3 Stable Initial
Sitara Textile Industries Ltd 2/1/2024 Entity BBB+ A-2 Negative Maintained
Sohail Textile Mills Limited 12/4/2023 Entity BBB- A-2 Stable Reaffirmed
Soorty Enterprises (Pvt) Limited 7/7/2023 Entity AA- A-1 Stable Reaffirmed
Sunrays Textile Mills Limited 9/28/2023 Entity A- A-1 Stable Reaffirmed
Suraj Cotton Mills Limited 2/9/2024 Entity A+ A-1 Stable Reaffirmed
The Crescent Textile Mills Limited 3/27/2024 Entity A- A-2 Negative Maintained
Towellers Limited 2/7/2024 Entity A A-1 Positive Maintained
Umar Spinning Mills (Pvt) Limited 2/13/2024 Entity BBB+ A-2 Stable Reaffirmed
Union Apparel (Pvt) Ltd 3/4/2024 Entity A- A-2 Stable Reaffirmed
Union Fabrics (Pvt) Ltd 2/29/2024 Entity A- A-2 Stable Reaffirmed
Utopia Industries (Pvt) Limited 6/5/2023 Entity A- A-2 Stable Initial
Z.A Corporation (Pvt) Ltd 5/8/2024 Entity BBB+ A-2 Stable Reaffirmed
Zaman Textile Mills (Pvt) Limited 3/14/2024 Entity A- A-2 Stable Reaffirmed
Zephyr Textiles Limited 11/17/2023 Entity BBB+ A-2 Positive Reaffirmed