Tag Archives: PACRA

PACRA Maintains Entity Ratings of Soneri Bank Limited

Lahore, June 19, 2019 (PPI-OT): The ratings reflect Soneri Bank’s sustained business profile as reflected in net interest margin. The bank’s funding base comprise of deposits and borrowings. During CY18, customer deposits witnessed growth of ~12%, at par with the

PACRA Maintains Entity Ratings of Pak-Arab Pipeline Company Limited

Lahore, May 24, 2019 (PPI-OT): The ratings are a reflection of PAPCO’s distinctive business model driving its strength from a tariff based return model. PAPCO operates a 786 Km pipeline network dedicated for White Oil Pipeline (WOP). The tariff follows

PACRA Upgrades Broker Management Rating of Optimus Capital Management (Private) Limited

Lahore, May 24, 2019 (PPI-OT): The rating reflects the sound ability of the company to retain its market share in lackluster equity market activity. The rating incorporates the company’s sound business strategy and acumen and ability to provide extensive equity

PACRA Maintains Entity Ratings of Sapphire Fibres Limited

Lahore, May 24, 2019 (PPI-OT): The ratings reflect Sapphire Fibres Limited’s (Sapphire Fibres) established business profile emanating from strong presence in the broader value-chain; enabling the company to manage volatility in the textile industry. Business profile has improved since diversification

PACRA Maintains Stability Rating of Atlas Sovereign Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to provide unit-holders competitive return with low risk and high liquidity by investing primarily in short-term government securities.

The rating reflects the fund’s strong credit profile emanating from its …

PACRA Maintains Stability Rating of Atlas Money Market Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to provide a stable income stream with the preservation of capital by investing in AA and above rated banks and short-term government securities.

The rating reflects very strong credit …

PACRA Maintains Stability Rating of Alfalah GHP Money Market Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to generate competitive returns consistent with low risk from a portfolio constituted of short-term instruments including cash deposits, money market placements and government securities. The Fund will maintain a

PACRA Maintains Stability Rating of Atlas Islamic Income Fund

Lahore, April 17, 2019 (PPI-OT): The objective of the fund is to seek preservation of capital and reasonable rate of return from a broadly diversified portfolio of long, medium and short-term, high-quality Islamic income instruments.

The rating incorporates the fund’s …

PACRA maintains entity ratings of Nishat Chunian Power Limited

Lahore, March 18, 2019 (PPI-OT): The ratings reflect strong business profile of Nishat Chunian Power Limited (Nishat Chunian Power) emanating from the demand risk coverage under Power Purchase Agreement signed between CPPA-G (Central Power Purchasing Agency) and the company. Meanwhile,

PACRA Maintains Entity Ratings of Pak Elektron Limited

Lahore, March 12, 2019 (PPI-OT): Industry headwinds, intensified by weakening domestic currency, widening fiscal imbalance and strong competition among players have negatively impacted domestic appliances industry. Pakistan’s household appliances sector is largely dependent on global raw material prices, making it