Posts Tagged PACRA
Pakistan Credit Rating Agency Maintains Ratings of Pakistan Mobile Communications Limited
Lahore, April 16, 2013 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term ratings of Pakistan Mobile Communications Limited (PMCL) at “AA-” (Double A minus) and “A1″ (A One), respectively. The ratings of TFC issue of PKR 2,000mln, PKR 3,261mln and PKR 6,000mln has been maintained at “AA-” (Double A [...]
Pakistan Credit Rating Agency places Ratings of First Fidelity Leasing Modaraba on Rating Watch
Lahore, April 05, 2013 (PPI-OT): In a recent development, the sponsors of Fidelity Capital Management (Private) Limited (FCML) have decided to sell their holding in FCML along with the rights to manage First Fidelity Leasing Modaraba (FFLM) to a new set of sponsors. The transaction is subject to necessary legal and regulatory approvals. This is [...]
Pakistan Credit Rating Agency maintains ratings of secured, listed TFCs by Karachi electric supply Company
Lahore, April 04, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the ratings of the secured, listed TFCs of PKR 2,000mln by KESCL at AA (Double A). This rating denotes a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. The ratings reflect strong [...]
Pakistan Credit Rating Agency withdraws Entity Ratings of Arif Habib Investments Limited
Lahore, March 26, 2013 (PPI-OT): Subsequent to the decision of the management of Arif Habib Investments Limited (AHI) to not get its entity ratings updated, PACRA withdraws the entity ratings [Long Term:'A+' (Single A Plus), Short Term:'A1' (A One)] of AHI with immediate effect. For more information, contact: Hammad Rashid Analyst The Pakistan Credit Rating [...]
Pakistan Credit Rating Agency maintains Ratings of Tameer Microfinance Bank Limited
Lahore, March 22, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of Tameer Microfinance Bank Limited (TMBL) at “A” (Single A) and “A1″ (A One), respectively. These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The [...]
Pakistan Credit Rating Agency upgrades project grading of Centrepoint Karachi
Lahore, March 22, 2013 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has upgraded Project Grading of Centrepoint Karachi to ‘PG2′ (PG two) from ‘PG2-’ (PG two minus). The grading denotes prospects of execution of the real estate project as per plan and the ability to transfer the possession as per terms are highly promising. [...]
Pakistan Credit Rating Agency maintains Asset Manager Rating of Arif Habib Investments Limited
Lahore, March 22, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Arif Habib Investments Limited (AHI) at ‘AM2′ (AM Two). The rating reflects the company’s very strong capacity to manage risks inherent in the asset management business and the asset manager meets very high investment management industry standards [...]
Pakistan Credit Rating Agency maintains Asset Manager Rating of Atlas Asset Management Limited
Lahore, March 19, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the asset manager rating of Atlas Asset Management Limited (AAML) at “AM2-” (AM Two Minus). The rating reflects company’s very strong capacity to manage the risks inherent in asset management business and the asset manager meets very high investment management industry standards [...]
Pakistan Credit Rating Agency maintains Ratings of National Power Construction Corporation (Private) Limited
Lahore, March 18, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of National Power Construction Corporation (Private) Limited (NPCC) at “A” (Single A) and “A1″ (A One), respectively. These ratings denote a low expectation of credit risk while the capacity for timely payment of financial commitments is [...]
Pakistan Credit Rating Agency revises stability Rating of Askari High Yield Scheme
Lahore, January 30, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has revised the stability rating of Askari High Yield Scheme (AHYS), an open-end aggressive income fund, to ‘A (f)’ [...]