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Pakistan Credit Rating Agency Limited Maintains Entity Ratings of Prosperity Weaving Mills Limited

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by November 30, 2011 General

Lahore: The Pakistan Credit Rating Agency (PACRA) has maintained long term and short term entity ratings of Prosperity Weaving Mills Limited at ‘A-’ (single A minus) and ‘A2′ (A Two), respectively. These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.

The ratings reflect PWML’s sustained position in its key markets emanating from long standing business relationships, quality production process and effective control environment. Although, globally textile demand is undergoing rationalization due to fragile economic environment and changing consumption centres, Prosperity is enhancing export focus with intentions to capture relatively untapped segments while having major export markets in Asia. Meanwhile, financial risk is expected to remain manageable on account of a low leveraged capital structure and efficient working capital management.

For more information, contact:
Hammad Rashid
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town, Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425


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