Tag Archives: PACRA

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 …

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 …

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 …

PACRA Maintains Entity Ratings of Fazal Cloth Mills Limited

Lahore, January 22, 2018 (PPI-OT):Fazal cloth enjoys a strong business profile in otherwise volatile textile industry. This primarily emanates from its large size – yielding economies of scale – established relationships with a diverse customer …

PACRA Maintains Ratings of Fazal Weaving Mills Limited

Lahore, January 22, 2018 (PPI-OT):The ratings of Fazal Weaving primarily reflect irrevocable and unconditional guarantee on all obligations from financial institutions by Fazal Cloth Mills Limited (Fazal Cloth) – the parent. Fazal Cloth is rated …

Pakistan Credit Rating Agency Limited Upgrades Entity Ratings of Chiniot Power Limited

Lahore, January 18, 2018 (PPI-OT):Chiniot Power Limited, a bagasse based IPP, was set up under 2006 Renewable Energy Policy. Chiniot Power, with in-house Operations and Maintenance (O and M), has a well-experienced team. The company …

Pakistan Credit Rating Agency Limited assigns Entity Rating to Hassan Ali Rice Export Company

Lahore, January 12, 2018 (PPI-OT):The rating incorporates the strength of the sponsors of Hassan Ali Rice as reflected in the business structure of the group (Hashwani Group of Companies) and overall growing principles of the …

PACRA Maintains Entity Ratings of Etimaad Engineering (Private) Limited

Lahore, January 10, 2018 (PPI-OT):The ratings reflect Etimaad’s adequate business profile appended by slightly improved profits. Over the years, the sponsors established similar businesses mainly in Saudi Arabia (subsidiary) and Qatar (associate). Considering worsening market …

PACRA Maintains Entity Ratings of Pak Elektron Limited; Assigns Preliminary Rating to Proposed Sukuk; PEL Issued Commercial Paper of PKR 1.2bln

Lahore, January 10, 2018 (PPI-OT):The ratings reflect PEL’s strong business profile in its respective markets – Appliances and Power – supplemented by its strong brand. The Company, while aiming to diversify its product base, has …

PACRA Assigns Initial Entity Ratings to Bilal Steel Mills (Private) Limited

Lahore, January 10, 2018 (PPI-OT):Bilal Steel is a distinct player in the steel industry. The company directly caters to the demand of corporate/ mega projects. It has multiple projects to its credit. The ratings reflect …