Tag Archives: PACRA

PACRA Maintains Entity Ratings of Engro Elengy Terminal (Private) Limited

Lahore, September 04, 2018 (PPI-OT): The ratings reflect sustained operations of Engro Elengy Terminal (Private) Limited (EETPL), given revenues and cash flows are guaranteed by Sui-Southern Gas Company (SSGC), subject to adherence to agreed parameters. SSGC, the sole intermediary (rated

PACRA expresses satisfaction over UIC performance

Lahore, July 11, 2018 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has expressed its satisfaction with the performance of United Insurance Company of Pakistan Limited (UIC). The UIC has successfully maintained “AA-” (Double A Minus) rating and it has introduced

PACRA Maintains Entity Ratings of Pioneer Cement Limited

Islamabad, May 07, 2018 (PPI-OT): The ratings reflect Pioneer Cement’s healthy business profile supplemented by strong EBITDA margins and improved revenue stream. Pioneer Cement’s sales are majorly driven by local market fundamental – a factor of plant location whereby local

PACRA Maintains Entity Rating of Bestway Cement Limited

Islamabad, May 07, 2018 (PPI-OT): Bestway Cement’s ratings reflect its market leading position in industry emanating from strong market share (~18%). The company has history of successful mergers, further fortified by cost-efficient operational framework, robust EBITDA margins and strong profitability.

PACRA Maintains Entity Ratings of Shabbir Feed Mills (Pvt.) Limited

Islamabad, May 07, 2018 (PPI-OT): Among the largest agro based segments in Pakistan, poultry holds a prominent place. In Pakistan, formal feed manufacturing started in early 1960. With 350 poultry feed mills and home mixtures, country annually produces around 10

PACRA Maintains Entity Ratings of Gharibwal Cement Limited

Lahore, May 04, 2018 (PPI-OT): The ratings reflect Gharibwal Cement’s sustained business profile appended by good sector dynamics. The company focuses on geographies closer to the plant location; Gujranwala division remained company’s home market – Lahore, Faisalabad and Multan are

PACRA Assigns Initial Entity Rating to D.G. Khan Cement Company Limited

Lahore, May 04, 2018 (PPI-OT): DG Khan Cement’s rating reflect company’s strong position in the cement industry emanating from its third highest market share in terms of capacity. The company’s two existing manufacturing units (Khairpur Site and DG Khan Site)

PACRA Revises IFS Rating of Pakistan General Insurance Company Limited

Lahore, April 11, 2018 (PPI-OT): PGI is braving with stressed times. The company, under the directive of SECP, halted underwriting operations. The management is striving to restore the operations. They have given a representation that all the requisite parameters set

PACRA Upgrades Entity Ratings of Engro Polymer and Chemicals Limited

Lahore, January 25, 2018 (PPI-OT):The ratings recognize Engro Polymer’s established foothold in the local PVC segment and leading position in caustic soda market. This emanates from efficient production process, sound technological infrastructure, and effective control environment. EPCL is the only

PACRA Maintains IFS Rating of Jubilee General Insurance Company Limited

Lahore, January 22, 2018 (PPI-OT):The rating reflects Jubilee General’s robust risk management framework facilitating the company in sustaining sound underwriting performance. The rating recognizes the management’s persistent efforts of penetrating relatively untapped segments, also reflected in its diverse premium mix