Corporates

Sugar
Name Date Rating Type Long Term Short Term Outlook Action
Adam Sugar Mills Limited 5/17/2022 Entity A- A-2 Stable Initial
Al-Noor Sugar Mills Ltd. 6/6/2022 Entity A- A-2 Stable Reaffirmed
Alliance Sugar Mills (Pvt) Limited 12/30/2022 Entity A- A-2 Stable Reaffirmed
Almoiz Industries Ltd 4/26/2022 Entity A A-2 Stable Reaffirmed
Ashraf Sugar Mills Limited 3/17/2023 Entity A- A-2 Stable Reaffirmed
Chashma Sugar Mills Ltd 10/28/2022 Entity A- A-2 Stable Reaffirmed
Deharki Sugar Mills (Pvt) Limited 5/17/2023 Entity A A-2 Stable Reaffirmed
Etihad Sugar Mills Limited 10/25/2022 Entity A- A-2 Stable Reaffirmed
Faran Sugar Mills Limited 10/31/2022 Entity A- A-2 Negative Reaffirmed
Fatima Sugar Mills Limited 10/25/2022 Entity A- A-2 Stable Reaffirmed
Indus Sugar Mills Limited 11/8/2022 Entity A- A-1 Stable Initial
JDW Sugar Mills Ltd 5/17/2023 Entity A+ A-1 Stable Reaffirmed
JK Sugar Mills (Pvt) Limited 4/27/2023 Entity BBB A-2 Stable Initial
Madina Sugar Mills Limited 2/24/2022 Entity A- A-2 Stable Reaffirmed
RYK Mills Limited 2/15/2022 Entity A A-2 Stable Reaffirmed
Shahmurad Sugar Mills Ltd 6/6/2022 Entity A- A-2 Stable Reaffirmed
Sheikhoo Sugar Mills Limited 2/28/2023 Entity Suspended
The Thal Industries Corporation Limited 4/26/2022 Entity A A-2 Stable Upgrade
Two Star Industries (Pvt) Limited 10/18/2022 Entity BBB+ A-2 Stable Reaffirmed