PACRA : AsiaNet-Pakistan

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PACRA maintains IFC rating of UIC with stable outlook

January 17, 2020 | General Business News

Lahore, January 17, 2020 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the IFS rating of the United Insurance Company (UIC) as AA with stable outlook. A statement issued by PACRA said that UIC is one of the leading …

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PACRA maintains IFC rating of UIC with stable outlook

January 17, 2020 | General Business News

Lahore, January 17, 2020 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the IFS rating of the United Insurance Company (UIC) as AA with stable outlook. A statement issued by PACRA said that UIC is one of the leading …

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PACRA Maintains Entity Ratings of E-Vision Manufacturing Limited

January 16, 2020 | General Business News

Lahore, January 16, 2020 (PPI-OT): The ratings reflect the adequate business profile of E-Vision Manufacturing Limited and its established position in the regenerated polyester staple fiber industry. The Company has identified a niche in the textile industry by manufacturing fine …

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PACRA Maintains Entity Ratings of Spud Energy Pty Limited (Pakistan Branch)

January 15, 2020 | General Business News

Lahore, January 15, 2020 (PPI-OT): Spud Energy Pty Limited (Pakistan Branch) is engaged in upstream Oil and Gas business in Pakistan. The company is a wholly owned subsidiary of Jura Energy Corporation, public company listed on TSX Venture Exchange. The …

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PACRA Assigns Initial Entity Ratings to Master Green Energy Limited

January 15, 2020 | General Business News

Lahore, January 15, 2020 (PPI-OT): Master Group, pioneers of foam products, is setting up its second 50MW wind power plant – Master Green Energy Limited. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 52.8MW Wind …

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PACRA Assigns Initial Entity Ratings to China Power Hub Generation Company (Private) Limited

January 7, 2020 | General Business News

Lahore, January 07, 2020 (PPI-OT): State Power Investment Corporation (SPIC), one of the top Five State-owned Power Corporations in China along with Hub Power Company of Pakistan, has set up a coal based 1320MW power plant (Complex) – China Power …

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PACRA Assigns Initial Rating to Pak Elektron Limited’s Privately Placed Sukuk Issue of PKR 1,200 Million

January 6, 2020 | General Business News

Lahore, January 06, 2020 (PPI-OT): The rating reflects PEL’s diversified revenue stream and strong presence in Appliances and Power products market. The Company, by leveraging its brand, has continued to focus on enhancing product slate and revenues with introduction of …

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PACRA Assigns Initial Entity Ratings to Pak Suzuki Motor Company Limited

December 31, 2019 | General Business News

Lahore, December 31, 2019 (PPI-OT): Pak Suzuki Motor Company Limited (PSMC) is the only player from among the established auto OEM in Pakistan, that is predominantly owned by the foreign shareholder. Besides, there is high level of integration with the …

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PACRA Assigns Initial Entity Ratings to Getz Pharma (Private) Limited

December 31, 2019 | General Business News

Lahore, December 31, 2019 (PPI-OT): Getz Pharma is the second-largest pharmaceutical company of Pakistan, by market share and sales revenues. The strength of the company is based on the product suite that it markets in the local market and also …

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PACRA Assigns Initial Entity Ratings to Tufail Chemical and Surfactants (Private) Limited

December 31, 2019 | General Business News

Lahore, December 31, 2019 (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 …

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PACRA Maintains Rating of JS Bank – TFC Tier 1

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The ratings reflect relative position of JS Bank in the country’s competitive banking landscape. This stems from system share in deposit which largely remained the same and depleted advances. The bank’s funding base enhanced attributable …

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PACRA Maintains Rating of Bank AL Habib Limited – Tier-II TFC (TFC-VII)

December 30, 2019 | General Business News

Lahore, December 30, 2019 (PPI-OT): The rating reflects the bank’s sustained performance, exceptional asset quality, satisfactory financial profile and healthy liquidity. The bank has solidified its relative positioning in the universe of large sized banks by improving its market share …

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