Tag Archives: PACRA

Pakistan Credit Rating Agency Limited assigns Asset Manager Rating to Pak Oman Asset Management Company Limited

Lahore, November 17, 2016 (PPI-OT):The rating reflects the company’s affiliation with a development finance institution – Pak Oman Investment Company Limited (POICL). Lately, POICL made equity injection beefing up equity holding. The company’s strategy plan …

Pakistan Credit Rating Agency Limited Maintains IFS Rating of Shaheen Insurance Company Limited

Lahore, November 17, 2016 (PPI-OT):The rating reflects SIC’s strong parentage – Shaheen Foundation – ensuring financial soundness of the company while augmenting it’s business operations and control environment through active vigilance. Shaheen Insurance has sustained …

Pakistan Credit Rating Agency Limited assigns preliminary rating to Proposed privately placed TFC of JS Bank Limited

Lahore, November 17, 2016 (PPI-OT):The rating of unsecured, subordinated, and privately placed TFC is primarily based on long-term rating of JS Bank – the issuer. The rating of JSBL reflects its strengthened position in the …

Pakistan Credit Rating Agency Limited upgrades entity ratings of East West Insurance Company Limited

Lahore, November 14, 2016 (PPI-OT):The ratings take into account overall improvement in the risk profile of the company. Persistent growth enabled sizeable rise in market share in recent years (9M16: ~3%, CY12: 1.8%). Prudent underwriting …

Pakistan Credit Rating Agency Limited downgrades entity ratings of Escorts Investment Bank Limited

Lahore, November 14, 2016 (PPI-OT):EIBL is experiencing deterioration in its business and financial profile. This has severely diminished its risk absorption capacity- also the bank has not been able to meet minimum equity requirement of …

Pakistan Credit Rating Agency Limited assigns entity ratings to Reliance Weaving Mills

Lahore, November 11, 2016 (PPI-OT):The ratings reflect RWML’s adequate business profile. Volumetric growth in local sales, on the back of recent capacity expansion, has provided support to revenues despite lower product prices. Overall gross margins …

Pakistan Credit Rating Agency Limited maintain entity ratings of Fatima Fertilizer Company Limited

Lahore, November 11, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Fatima Fertilizers Company Limited (Fatima) at “AA-” (Double A minus) and “A1+” (A one plus) respectively. …

Pakistan Credit Rating Agency Limited maintains entity ratings of Fatima Fert Limited (Formerly DH Fertilizers Limited)

Lahore, November 11, 2016 (PPI-OT):The ratings of Fatima Fert reflect the strength of its sponsor – Fatima Fertilizer Limited – offering dynamic business acumen and strong financial flexibility. The incumbent sponsors ensured sustained availability of …

Pakistan Credit Rating Agency Limited maintains entity ratings of Cherat Cement

Lahore, November 03, 2016 (PPI-OT):The ratings reflect Cherat Cement’s improving business profile in line with increasing local demand exhibiting strong sector fundamentals. Once operational, upcoming capacity expansion is likely to add impetus to the performance …

Pakistan Credit Rating Agency Limited maintains entity ratings of BankIslami Pakistan Limited

Lahore, October 25, 2016 (PPI-OT):The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short term entity ratings of BankIslami Pakistan Limited (BIPL) at “A+” (Single A plus) and “A1″(A One). The ratings …