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Monthly Archives: December 2017

PACRA Initial Entity Ratings of Basfa Textile (Private) Limited

Lahore, December 29, 2017 (PPI-OT):The ratings reflect adequate business profile of Basfa Textile (Pvt) Ltd. The company is engaged in the manufacturing and sale of Viscos Yarn – a premium quality yarn and different varieties of cotton yarn. Sponsor’s primary …

PACRA Maintains Entity Ratings of Cherat Cement Company Limited

Lahore, December 29, 2017 (PPI-OT):The ratings reflect Cherat Cement’s healthy business profile which is further fortified by favourable local demand exhibiting strong fundamentals. The commencement of new line (1.3mln tpa) and WHRPP are the positives. The company’s revenues witnessed strong …

PACRA Assigns Initial Entity Ratings to Habibullah Coastal Power Company (Private) Limited

Lahore, December 29, 2017 (PPI-OT):The ratings of Habibullah Coastal Power Company (Pvt.) Limited (Habibullah Coastal), an established IPP, reflect its stable business profile emanating from the demand risk coverage under Power Purchase Agreement signed between power purchaser and the company. …

PACRA assigns Entity Ratings to Habib Construction Services Limited

Lahore, December 29, 2017 (PPI-OT):Habib Construction Services has delivered a number of infrastructure projects in the last couple of years and has built its repute as a “Fast Track” execution company. Lately the company has been engaged in one of …

PACRA assigns Entity Ratings to Kingcrete Builders

Lahore, December 29, 2017 (PPI-OT):Kingcrete Builders is a partnership – led primarily by the Minhas family. The firm has exhibited renewed energy ever since the induction of the second generation. The roles of the partners are clearly defined. Kingcrete Builders …

Fund Stability Rating of Meezan Sovereign Fund

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the Fund Stability Rating of Meezan Sovereign Fund (MSF) to ‘AA- (f)’ (Double A Minus (f)) from ‘AA (f)’ (Double A (f)). Previous rating action was announced on …

JCR-VIS Upgrades Fund Stability Rating of Meezan Islamic Income Fund

Karachi, December 29, 2017 (PPI-OT):JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has upgraded the Fund Stability Rating (FSR) of Meezan Islamic Income Fund (MIIF) to ‘A(f)’ (Single A (f)) from ‘A-(f)’ (Single A Minus(f)). The previous rating action was announced on …