Tag Archives: PACRA

Lahore, March 24, 2023 (PPI-OT): The ratings take comfort from the fact that this project is a priority project under CPEC and has significant economic and strategic importance. Presence of a dedicated jetty at the plant site and the Coal Supply Agreement (CSA) with reputable international coal suppliers which ensure the stable performance of the...

The post PACRA assigns preliminary rating to China Power Hub Generation Company (Private) Limited – PPSTS-3 – PKR 7bln – TBI appeared first on Business News Pakistan.

Lahore, March 24, 2023 (PPI-OT): The rating reflects the adequate risk profile of the Fund’s credit and interest rate risk profile. At the end Dec’22, ~39.4%% of Funds assets were invested in TFC/Sukuk, ~25.7% of funds were exposed to T-Bills, ~16.9% in Banks, ~5.6% in CPs, ~4.9% in PIBs whereas remaining was invested in Others....

The post PACRA Upgrades Stability Rating of Alfalah GHP Income Fund appeared first on Business News Pakistan.

Lahore, March 24, 2023 (PPI-OT): NBP Islamic Savings Fund (or the ‘Fund’) is a medium risk-profile fund. The assigned rating reflects the Fund’s moderate credit and interest rate risk profile emanating from its investment strategy. The Fund had invested ~84% in bank majority in A+ rated bank, ~8.8% in certificates of Musharaka whereas ~5.5% in...

The post PACRA Maintains Stability Rating of NBP Islamic Savings Fund appeared first on Business News Pakistan.

Lahore, March 24, 2023 (PPI-OT):Saif Power Limited (Saif Power) has been established to set up and operate, combined cycle dual fuel, 225 MW net power generation plant, for generation of electricity and onward sale of electricity to the Power Purchaser (CPPA-G). The plant achieved its commercial operations date (COD) on April 30, 2010. The ratings...

The post PACRA Maintains the Entity Ratings of Saif Power Limited appeared first on Business News Pakistan.

Lahore, March 21, 2023 (PPI-OT): Warble (Pvt.) Limited’s rating is underpinned by the consistent support it receives, owing to the synergistic benefits from the Group. The Company’s prudent decision‐making framework, in tandem with its healthy top line, is reflected in the entity’s ratings. Further, operational synergies have led to increased margins and augmented profitability. Warble...

The post PACRA Updates Entity Ratings of Warble (Private) Limited appeared first on Business News Pakistan.

Lahore, March 21, 2023 (PPI-OT): The assigned ratings of Welcon Chemicals (Pvt) Limited reflects the Company’s growing business activities and rising profitability. The Company’s product portfolio is wide, encompassing over 70 diverse products ranging from pesticides to seeds and fertilizers. While pesticide raw ingredients are mostly imported from China and UK whereas fertilizer raw material...

The post PACRA Updates Entity Ratings of Welcon Chemicals (Private) Limited appeared first on Business News Pakistan.

Lahore, March 21, 2023 (PPI-OT): Lucky Electric Power Company Limited (“LEPCL” or “the Company”) has set up a 1x660MW (gross) coal-fired power plant. The project achieved COD in March-22 and is successfully connected to and providing electricity to the grid. The primary fuel is Coal; a coal supply agreement is signed with Sindh Engro Coal...

The post PACRA assigns Initial rating to Lucky Electric Power Company Limited – PPSTS-7 – PKR 5bln – Feb23 appeared first on Business News Pakistan.