Corporates

Sugar
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Adam Sugar Mills Limited 5/21/2024 Entity A- A-2 Stable Reaffirmed
Al-Noor Sugar Mills Ltd. 8/23/2023 Entity A- A-2 Negative Maintained
Alliance Sugar Mills (Pvt) Limited 2/7/2024 Entity A- A-2 Stable Reaffirmed
Almoiz Industries Ltd 8/2/2023 Entity A A-2 Stable Reaffirmed
Ashraf Sugar Mills Limited 4/26/2024 Entity A- A-2 Stable Reaffirmed
Chashma Sugar Mills Ltd 11/6/2023 Entity A- A-2 Stable Reaffirmed
Deharki Sugar Mills (Pvt) Limited 5/13/2024 Entity A A-2 Stable Reaffirmed
Etihad Sugar Mills Limited 2/21/2024 Entity A A-2 Stable Upgrade
Faran Sugar Mills Limited 12/29/2023 Entity A- A-2 Stable Maintained
Fatima Sugar Mills Limited 12/22/2023 Entity A- A-2 Stable Reaffirmed
Indus Sugar Mills Limited 12/7/2023 Entity A- A-1 Stable Reaffirmed
JDW Sugar Mills Ltd 5/13/2024 Entity AA- A-1 Stable Upgrade
JDW Sugar Mills Ltd 3/4/2024 STS-2 A-1 Final
JK Sugar Mills (Pvt) Limited 5/13/2024 Entity BBB+ A-2 Stable Upgrade
Madina Sugar Mills Limited 6/16/2023 Entity A- A-2 Stable Reaffirmed
RYK Mills Limited 10/5/2023 Entity A A-2 Positive Maintained
Shahmurad Sugar Mills Ltd 8/23/2023 Entity A A-2 Stable Upgrade
Shahtaj Sugar Mills Limited 6/14/2024 Entity A- A-2 Stable Initial
Sheikhoo Sugar Mills Limited 6/20/2023 Entity A- A-2 Stable Reaffirmed
Tariq Corporation Limited 2/19/2024 Entity BBB A-3 Stable Initial
The Thal Industries Corporation Limited 8/22/2023 Entity A A-2 Positive Maintained
Two Star Industries (Pvt) Limited 11/17/2023 Entity BBB+ A-2 Stable Reaffirmed