| Name |
Date |
Rating Type |
Long Term |
Short Term |
Outlook/Rating Watch |
Action |
|
Malir Expressway Limited |
11/20/2024 |
Entity |
A-
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A2
Good likelihood of timely repayment of short-term obligations with
sound short-term liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Pakistan Cables Limited |
11/20/2024 |
Entity |
A
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A1
Strong likelihood of timely repayment of short-term obligations with
excellent liquidity factors
|
Negative |
Reaffirmed |
|
|
|
Mughal Iron & Steel Industries Limited |
11/18/2024 |
Entity |
A+
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A1
Strong likelihood of timely repayment of short-term obligations with
excellent liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Mughal Iron & Steel Industries Limited |
11/18/2024 |
Sukuk 1 |
A+
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
|
Stable |
Reaffirmed |
|
|
|
Sachal Engineering Works (Pvt) Limited |
11/18/2024 |
Entity |
A-
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A2
Good likelihood of timely repayment of short-term obligations with
sound short-term liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Indus Motor Company Ltd |
11/15/2024 |
Entity |
AA+
High credit quality; Protection factors are strong. Risk is modest but
may vary slightly from time to time because of economic conditions.
|
A1+
Strongest likelihood of timely repayment of short-term obligations
with outstanding liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Golden Harvest Foods (Pvt) Limited |
11/14/2024 |
Entity |
BBB+
Adequate credit quality; Protection factors are reasonable and
sufficient. Risk factors are considered variable if changes occur in the
economy.
|
A2
Good likelihood of timely repayment of short-term obligations with
sound short-term liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Noventa Pharma (Private) Limited |
11/13/2024 |
Entity |
A
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A2
Good likelihood of timely repayment of short-term obligations with
sound short-term liquidity factors
|
Stable |
Initial |
|
|
|
Shahtaj Textile Limited |
11/13/2024 |
Entity |
A-
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A2
Good likelihood of timely repayment of short-term obligations with
sound short-term liquidity factors
|
Stable |
Reaffirmed |
|
|
|
Sindh Modaraba |
11/13/2024 |
Entity |
A+
Good credit quality; Protection factors are adequate. Risk factors
may vary with possible changes in the economy.
|
A1
Strong likelihood of timely repayment of short-term obligations with
excellent liquidity factors
|
Stable |
Reaffirmed |
|
|