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Monthly Archives: December 2020

VIS Assign Initial MQR Rating of ‘AM1’ to National Investment Trust Limited

Karachi, December 31, 2020 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has assigned initial Management Quality Rating of ‘AM1’ (AM-One) to National Investment Trust Limited (NIT). Outlook on the assigned rating is ‘Stable’ Assigned rating reflects NIT’s strong niche position of being a Government sponsored AMC with demonstrated support as also …

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VIS Reaffirms IFS Rating of Askari General Insurance Company Limited

Karachi, December 31, 2020 (PPI-OT):VIS Credit Rating Company Limited VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Askari General Insurance Company Limited (AGICO) at ‘AA’ (Double A). The IFS rating of ‘AA’ denotes very high capacity of meeting policyholder and contractual obligations. Moreover, the risk is modest, though …

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PACRA Maintains Entity Ratings of Tufail Chemical and Surfactants (Private) Limited

Lahore, December 31, 2020 (PPI-OT):Tufail Chemical and Surfactants (Pvt.) Limited’s (the Company) ratings reflect adequate business profile of the Company, characterized by a relatively limited capacity and modest profitability. The Company is associated with Tufail Chemical Industries Limited and majority of its surfactants (LABSA and SLES) sales are channelled through …

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PACRA Assigns Entity Ratings to Zaver Petroleum Corporation Limited

Lahore, December 31, 2020 (PPI-OT):Zaver Petroleum Corporation (Pvt) Limited (Zaver “ZPCL”) is part of the group which includes Orient Petroleum Inc. (OPI) and Orient Petroleum Pty Ltd. (OPPL). Zaver Petroleum Corporation (Pvt) Limited is engaged in the exploration, development and production of oil and natural gas reserves in Pakistan. Currently, …

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