Tag Archives: PACRA
PACRA Upgrades Entity Ratings of Ibrahim Fibres Limited
Lahore, February 10, 2020 (PPI-OT): The ratings reflect Ibrahim Fibres’ long time leading position in the local polyester staple fibre (PSF) industry. Imposition of anti-dumping duty on PSF imported from China since Feb-16 has supported volumetric growth and margins and …
PACRA Maintains Asset Manager Rating of AKD Investment Management Limited
Lahore, February 10, 2020 (PPI-OT): The rating incorporates the Company’s strong corporate governance structure, experienced management team and recognized name in Pakistan capital market. However, the rating is constrained by relatively small market share ((less than) 1%) and high concentration …
PACRA Maintains Entity Ratings of Pakistan Synthetics Limited
Lahore, February 10, 2020 (PPI-OT): Pakistan’s PET packaging industry derives its demand from the country’s beverage industry, which has been negatively impacted due to the reduced purchasing power of end consumers. This, in turn, has reduced the demand for the …
PACRA Places Entity Ratings of Ghani Chemical Industries Limited on ‘Rating Watch’
Lahore, February 10, 2020 (PPI-OT): The ratings recognize Ghani Chemical Industries Limited’s (Ghani Chemicals) prominent position in the industrial and medical gases sector. The industry largely possesses an oligopolistic structure, benefiting the players. Recent slowdown in demand for industrial gases …
PACRA Places Entity Ratings of Ghani Chemical Industries Limited Sukuk – Feb-17 on ‘Rating Watch’
Lahore, February 10, 2020 (PPI-OT): The ratings recognize Ghani Chemical Industries Limited’s (Ghani Chemicals) prominent position in the industrial and medical gases sector. The industry largely possesses oligopolistic structure, benefiting the players. Recent slowdown in demand for industrial gases from …
PACRA maintains Entity Ratings of Energy Infrastructure Holding (Private) Limited
Lahore, February 10, 2020 (PPI-OT): The ratings reflect Energy Infrastructure Holding (Pvt.) Limited’s (‘the Company’) association with its parent company, Jahangir Siddiqui and Co. Ltd. (JSCL). The Company has entered in LPG Storage and Oil Marketing businesses through its subsidiaries- …