Corporates

Cement & Construction
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Dolmen (Pvt) Limited 5/23/2023 Entity A- A2 Stable Initial
Enertech Water (Pvt) Limited 6/6/2024 Entity AA A1 Stable Initial
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited 7/31/2024 Entity A A2 Stable Reaffirmed
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited 7/31/2024 BLR AA (blr, plim) Stable Preliminary
Izhar Construction (Pvt) Limited 3/27/2024 Entity A A1 Stable Upgrade
Javedan Corporation Ltd. 10/9/2024 Entity A+ A1 Stable Reaffirmed
Javedan Corporation Ltd. 10/9/2024 Sukuk 1 AA- Stable Reaffirmed
Lahore Sialkot Motorway Infrastructure Management (Pvt) Ltd 12/27/2023 Entity A- A2 Stable Reaffirmed
Lucky Cement Limited 11/8/2024 Entity AA+ A1+ Stable Reaffirmed
Malir Expressway Limited 11/20/2024 Entity A- A2 Stable Reaffirmed
Maple Leaf Cement Factory Ltd 10/11/2024 Entity A A1 Stable Reaffirmed
Power Cement Ltd 12/23/2024 Entity A- A2 Stable Reaffirmed
Sachal Engineering Works (Pvt) Limited 11/18/2024 Entity A- A2 Stable Reaffirmed
Swat Expressway Planning Construction and Operations (Pvt) Limited 12/5/2024 Entity A- A2 Stable Reaffirmed
Thatta Cement Company Ltd 9/12/2024 Entity A A2 Stable Upgrade