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Notified Ratings by *JCR-VIS Credit Rating Company
Adamjee
Insurance Company Ltd.
Claims
Paying Ability (CPA) Rating AA-
Outlook
Stable
Al
Meezan Investment Bank Ltd.
Entity
(medium to long term)
AA
Entity
(short term) A-1+
Outlook
Stable
Altowfeek
Investment Bank Ltd.
Entity
(medium to long term)
BB+
Entity
(short term) A-3
Outlook
Negative
Al-Zamin
Leasing Modaraba
Entity
B-3
Outlook
Negative
Bank
of Khyber Ltd.
Entity
(medium to long term)
BBB-
Entity
(short term) A-3
Outlook
Stable
Bolan
Bank Ltd.
Entity
(medium to long term)
BB+
Entity
(short term) A-3
Outlook
Stable
Capital
Assets Leasing Corporation Ltd.
Entity
(medium to long term)
BBB-
Entity
(short term) A-3
Outlook
Negative
Century
Insurance Company Ltd.
Claims
Paying Ability (CPA) Rating A-
Outlook
Stable
Dewan
Salman Fibre Ltd.
Entity
(medium to long term)
A
Entity
(short term) A-2
Outlook
Stable
TFC
(Rs. 700m, 5 years) A+
Outlook
Stable
TFC
(Rs. 1.6bn, 4 years) A+
Outlook
Stable
English
Leasing Ltd.
Entity
(medium to long term)
BB-
Entity
(short term) B
Outlook
Negative
Engro
Asahi Polymer & Chemicals Ltd.
TFC
(Rs. 500m, 5 years) A
Outlook
Stable
Escort
Investment Bank Ltd.
Entity
(medium to long term)
BBB
Entity
(short term) A-2
Outlook
Positive
Faysal
Bank Ltd.
Entity
(medium to long term)
A
Entity
(short term) A-1
Outlook
Positive
First
Paramount Modaraba
Entity
B-3
Outlook
Stable
Ghandara
Leasing Company Ltd.
Certificates
of Investment (COIs) BBB-
Outlook
Stable
Grays
Leasing Ltd.
Entity
(medium to long term)
BBB
Entity
(short term) A-2
Outlook
Positive
Equity
PE-3+
Outlook
Stable
Habib
Bank AG Zurich
Entity
(medium to long term)
AA+
Entity
(short term) A-1+
Outlook
Stable
International
Housing Finance Company Ltd.
Entity
(medium to long term)
BBB
Entity
(short term) A-3
Outlook
Negative
Modaraba
Al-Mali
Entity
B-2
Outlook
Stable
Muslim
Commercial Bank Limited
Entity
(medium to long term)
A+
Entity
(short term) A-1
Outlook
Stable
Pak
Apex Leasing Company Ltd.
Entity
(medium to long term)
BBB
Entity
(short term) A-2
Outlook
Stable
Equity
PE3+
Outlook
Stable
Pakistan
Industrial & Commercial Leasing Ltd
Entity
(medium to long term)
BBB
Entity
(short term) A-2
Outlook
Negative
On
Rating Watch
Pak
Libya Holding Company (Pvt.) Ltd.
Entity
(medium to long term)
AA-
Entity
(short term) A-1+
Outlook
Positive
Pakistan
Kuwait Investment Company (Pvt.) Ltd.
Entity
(medium to long term)
AAA
Entity
(short term) A-1+
Outlook
Stable
Paramount
Leasing Ltd.
Entity
(medium to long term)
A-
Entity
(short term) A-1
Outlook
Stable
TFC
(Rs. 250m, 4 years) A+
Outlook
Stable
Platinum
Commercial Bank Limited
Entity
(medium to long term)
BBB+
Entity
(short term) A-2
Outlook
Stable
Saudi
Pak Ind. and Agricultural Investment
Company
(Pvt.) Ltd.
Entity
(medium to long term)
AA+
Entity
(short term) A-1+
Outlook
Stable
Proposed
TFC (Rs. 600m, 4 years)
-
Preliminary Rating AAA
Outlook
Stable
Security
Investment Bank Limited
Entity
(medium to long term)
A
Entity
(short term) A-1
Outlook
Stable
Sigma
Leasing Corporation Ltd.
Entity
(medium to long term)
BBB
Entity
(short term) A-2
Outlook
Stable
TFC
(Rs. 110m, 3 years) A-
Outlook
Stable
Shakarganj
Mills Ltd.
TFC
(Rs. 250m, 4 years) A-
Outlook
Stable
Trust
Modaraba
Entity
B-2
Outlook
Stable
United
Bank Limited
Entity
(medium to long term)
AAA
Entity
(short term) A-1+
On Rating Watch