Tag Archives: PACRA

PACRA Withdraws Entity Ratings of H.A Fibres (Private) Limited

Lahore, January 28, 2019 (PPI-OT): Subsequent to the decision of the management of H.A Fibres (Pvt.) Limited, PACRA withdraws the Entity Ratings with immediate effect.

For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, …

PACRA Assigns Initial Entity Ratings to Spud Energy Pty Limited (Pakistan Branch)

Lahore, January 16, 2019 (PPI-OT): Spud Energy Pty Limited (Pakistan Branch) is engaged in upstream Oil and Gas business in Pakistan. The company is a wholly owned subsidiary of Jura Energy Corporation, public company listed on TSX Venture Exchange. The …

PACRA Assigns Initial Entity Ratings to Hi-Tech Feeds (Private) Limited

Lahore, January 15, 2019 (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, the country annually produces around …

PACRA Assigns Initial Entity Ratings to E-Vision Manufacturing Limited

Lahore, January 15, 2019 (PPI-OT): The ratings reflect adequate business profile of E-Vision Manufacturing Limited and its established position in the regenerated polyester staple fiber industry. The company has identified a niche in the textile industry by manufacturing fine white, …

PACRA Maintains Rating of Askari Bank Limited | TFC VI (Additional Tier I) | Jul-18

Lahore, January 01, 2019 (PPI-OT): The rating reflects relative positioning of the Bank, driven by AKBL’s strong ownership structure whereby Fauji Foundation Group – an established business conglomerate with strong financial muscle – holds majority stake. The Bank has continued …

PACRA Maintains Stability Rating of AKD Cash Fund

Lahore, December 28, 2018 (PPI-OT): The Objective of AKD Cash Fund (AKDCF) is to provide optimum returns consistent with minimal risk from a portfolio constituted of high-quality short-term securities/instruments, which will provide liquidity. The Fund will exclusively invest in highly …

PACRA Maintains Entity Ratings of EFG Hermes Pakistan Limited

Lahore, December 28, 2018 (PPI-OT): The ratings reflect the company’s association with an international financial services provider, EFG Hermes, and its emerging position in Pakistan’s brokerage industry. Strong sponsor support, robust governance framework and internal control environment gives support to …

PACRA Maintains Stability Rating of AKD Aggressive Income Fund

Lahore, December 28, 2018 (PPI-OT): AKDAIF is a dedicated fund that focuses primarily on fixed income securities and instruments. The objective of AKDAIF is to offer investors a convenient vehicle to invest in a diversified portfolio of fixed income securities/instruments …

PACRA Assigns Initial Stability Rating to AKD Islamic Income Fund

Lahore, December 28, 2018 (PPI-OT): The objective of AKD Islamic Income Fund (AKDISIF) is to provide investors with an investment vehicle that strives to enhance capital coupled with regular halal income by investing in Shariah compliant income investments.

The rating …

PACRA Maintains Stability Rating of MCB Pakistan Sovereign Fund

Lahore, December 28, 2018 (PPI-OT): The objective of the fund is to deliver income primarily from investment in government securities. The rating reflects the fund’s strong credit quality and a sound liquidity profile emanating from the fund’s policy to invest …