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Tag Archives: JCR-VIS Credit Rating Company Limited

JCR-VIS assigns ratings to Quaid-e-Azam Solar Power (Private) Limited

Karachi, November 17, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘AA-/A-1’ (Double A Minus /A-One) to Quaid-e-Azam Solar Power (Private) Limited (QASPL). Outlook on the assigned ratings is ‘Stable’. The ratings assigned to QASPL takes into account its ownership profile with Government of Punjab (GOPB) holding 100% stake in …

JCR-VIS Upgrades Corporate Governance Rating of Allied Bank Limited

Karachi, November 09, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the corporate governance rating of Allied Bank Limited (ABL) from “CGR-9” to “CGR-9+”. This rating is based on a scale ranging from CGR-1 (lowest) to CGR-10 (highest). The previous rating action was announced on December 04, 2015. The ratings assigned to ABL reflects …

JCR-VIS upgrades Insurer Financial Strength rating of The Co-operative Insurance Society of Pakistan Limited

Karachi, November 08, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the Insurer Financial Strength (IFS) rating of The Co-operative Insurance Society of Pakistan Limited (CISPL) to ‘BB’ (Double B) from ‘BB-’ (Double B – minus). Outlook on the assigned ratings is ‘Stable’. The previous rating action was announced on September 23, 2015. The …

Update on Ratings of K-Electric Limited

Karachi, November 03, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has noted the announcement relating to ‘Sale and Purchase Agreement’ entered into between KES Power Limited (majority owned by Abraaj Group) and Shanghai Electric Power Company Limited (SEP) for sale of up to 66.4% shares of K-Electric Limited (KE). The transaction will close once customary …

JCR-VIS assigns Initial Ratings of Rajby Textiles (Private) Limited

Karachi, October 27, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial ratings of Rajby Textiles (Private) Limited (RTPL) at ‘A-/A-1’ (Single A Minus/A-One). Outlook on the assigned ratings is ‘Stable’. RTPL is part of Rajby Group (RG) operating in textile field for about forty years. RG’s operations over the last two decades have …

JCR-VIS Reaffirms Entity Ratings of Sapphire Textile Mills Limited

Karachi, October 25, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Sapphire Textile Mills Limited (STML) at ‘A+/A-1’ (Single A Plus/A-One). Outlook on the assigned ratings remains ‘Positive’. The previous rating action was announced on June 1, 2015. Ratings take into account the emerging diversification in the corporate profile of …

JCR-VIS finalizes rating of ‘A-’ for the PPTFC by Sindh Nooriabad Power Company Phase-II (Private) Limited

Karachi, October 14, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has finalized rating of ‘A-’ (Single A Minus) to the Privately Placed Term Finance Certificates (PPTFCs) of Sindh Nooriabad Power Company Phase-II (Pvt.) Limited. The Preliminary rating of A+ (Single A Plus) was announced on January 16, 2015. The project has experienced time and cost …

JCR-VIS finalizes rating of ‘A-’ for the Privately Placed Term Finance Certificates by Sindh Nooriabad Power Company (Private) Limited

Karachi, October 14, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has finalized rating of ‘A-’ (Single A Minus) to the Privately Placed Term Finance Certificates (PPTFCs) of Sindh Nooriabad Power Company (Pvt.) Limited. The Preliminary rating of A+ (Single A Plus) was announced on December 22, 2014. The project has experienced time and cost over-runs …