Lahore, June 17, 2016 (PPI-OT):The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Soneri Bank Limited (SBL) at “AA-” (Double A minus) and “A1+” (Single A one plus) respectively. These ratings denote a very strong capacity of timely payment of financial commitments. The rating of unsecured, subordinated, and …

Lahore, June 16, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has assigned Instrument Rating of “A+” (Single A Plus) to the unlisted and secured Sukuk of PKR 600mln issued by TPL Trakker Limited (TPL). The rating denotes a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The …

Lahore, June 13, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) rating of SPI Insurance Company Limited (SPI) at “A-” (Single A Minus). The rating denotes a strong capacity to meet policyholder and contract obligations. The rating reflects SPI’s improving risk profile emanating from growth in business and core …

Lahore, June 13, 2016 (PPI-OT):Subsequent to the decision of the management of Optimus Limited, PACRA withdraws its Entity Ratings [Long Term: ‘BBB+’ (Triple B Plus) and Short Term: ‘A2’ (A Two)] with immediate effect. For more information, contact: Hammad Rashid Analyst The Pakistan Credit Rating Agency Limited (PACRA) Awami Complex, FB1, Usman Block New Garden …

Lahore, June 13, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) rating of The Pakistan General Insurance Company Limited (PGI) at ‘A-‘ (Single A Minus). The rating denotes a strong capacity to meet policyholder and contract obligations. The rating reflects PGI’s ability to demonstrate a reasonable volumetric growth amidst …

Lahore, June 08, 2016 (PPI-OT):Pursuant to the updated Asset Manager Rating Methodology and Rating Scale, The Pakistan Credit Rating Agency (PACRA) has harmonized asset manager ratings to the new scale. Harmonized ratings for the respective companies are given in the table below: Company New Rating Previous Rating NBP Fullerton Asset Management AM2++ AM2+ MCB Arif …

Lahore, June 03, 2016 (PPI-OT):The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Pak Brunei Investment Company Limited (PBIC) at ‘AA+’ (Double A plus) and ‘A1+’ (Single A One Plus), respectively. These ratings denote a very low expectation of credit risk and indicate a very strong capacity for …

Lahore, June 03, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has assigned Instrument Rating of “AA-” (Double A Minus) to the unlisted and Privately Placed Sukuk of PKR 5,000mln issued by Engro Fertilizers Limited (EFert). The rating denotes very strong capacity of timely payment of financial commitments. The rating incorporates robust financial risk profile of …

Lahore, May 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the long term and short term entity ratings of Jahangir Siddiqui and Co. Limited (JSCL) at ‘AA’ (Double A) and ‘A1+’ (A One Plus) respectively. Rating of JSCL TFC VIII of PKR 750 mln has been maintained at ‘AA+’ (Double A Plus). The …