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 business interest is in car paint and chemical raisins. However, their most recent investment was ...

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. Meanwhile, the Implementation Agreement provides sovereign guarantee for cash flows, given adherence to agreed performance ...

Lahore, December 29, 2017 (PPI-OT):The ratings reflect the strength of ownership structure of the company: EEAP is a wholly owned subsidiary of Engro Corp (rated AA by PACRA). The CEO of Engro Corp is also the CEO/Chairman of EEAP. Ratings take comfort from the strong corporate governance framework of the group. The company accumulated huge ...

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 the country’s largest public sector transportation project – approaching completion. Over the years, Habib Construction ...

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 was originally focused on construction and building works but recently the firm is increasing its ...

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 December 30, 2016. Rating action incorporates higher exposure to market risk assumed by the 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 December 30, 2016. Rating action incorporates revision in credit risk criteria for the fund whereby ...