Pakistan Credit Rating Agency Maintains Ratings Of TPL Trakker Limited
Lahore, March 05, 2013 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short term entity ratings of TPL Trakker Limited (TTL), at ‘A-’(Single A minus) and ‘A2′ (A Two), respectively. These ratings denote a low expectation of credit risk emanating from strong capacity for timely payment of financial commitments.
The ratings reflect TTL’s sustained market leadership in the vehicle tracking industry, emanating from its diverse product base, competitive pricing strategy, superior technology infrastructure, and association with Digicore – a known name in tracking business worldwide.
The company, while diversifying its business portfolio has acquired a contract from FBR to track cargo transporting vehicles and containers. The project is yet to be formally implemented; it is contingent upon fulfilment of certain modalities with FBR. However, if this project is fully implemented it is expected to yield progressive growth in the company’s operations, in turn, its performance. Moreover, TTL continues to draw upon synergies with its investments in group companies; thus receiving a dependable inflow of revenue.
For more information, contact:
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