PACRA Upholds Zahidjee Textile Mills’ Stable Ratings

Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Zahidjee Textile Mills Limited, maintaining its long-term and short-term ratings at ‘A’ and ‘A1’ respectively. The outlook for the company remains stable, reflecting a consistent performance year-over-year.

According to The Pakistan Credit Rating Agency Limited, the decision to maintain Zahidjee Textile Mills’ ratings on October 31, 2024, follows a previous assessment on October 31, 2023, where the ratings were similarly positioned. The stable outlook indicates that the agency expects Zahidjee Textile Mills to continue its robust financial and operational performance in the foreseeable future, with no significant risks that could alter its credit profile.

The post PACRA Upholds Zahidjee Textile Mills’ Stable Ratings appeared first on Pakistan Business News.