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20-May-2012

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PACRA Releases Its Rating Transition Study....... Details
Announcement|24-Apr-2012

PACRA Maintains Asset Manager Rating of Alfalah GHP Investment Management Limited
Ratings|Asset Management|AMR|17-May-2012

PACRA Assigns Preliminary Rating to the Proposed Secured, Listed TFC I issued by Karachi Electric Supply Company Limited
Ratings|Energy|Instrument|16-May-2012

PACRA Assigns Preliminary Rating to the Proposed Secured, Listed TFC II issued by Karachi Electric Supply Company Limited
Ratings|Energy|Instrument|16-May-2012

PACRA Assigns Preliminary Rating to the Proposed Secured, Listed TFC III issued by Karachi Electric Supply Company Limited
Ratings|Energy|Instrument|16-May-2012

PACRA Assigns Stability Rating to Askari Sovereign Yield Enhancer
Ratings|Mutual Fund|Stability Rating|16-May-2012

PACRA Assigns Entity Ratings to Halmore Power Generation Company Limited
Ratings|Energy|Entity|15-May-2012

PACRA Maintains Entity Ratings of The Hub Power Company Limited
Ratings|Energy|Entity|15-May-2012

PACRA Maintains Rating of Sukuk Issue of Amreli Steels Limited
Ratings|Engineering|Instrument|10-May-2012

PACRA maintains Asset Manger Rating of Arif Habib Investments Limited
Ratings|Asset Management|AMR|08-May-2012

PACRA Maintains Asset Manager Rating of Atlas Asset Management Limited
Ratings|Asset Management|AMR|04-May-2012

PACRA Insight

PACRA Insight is a medium to communicates with the users of ratings–harmonizing knowledge; assimilating expertis....in essence, leading the rating industry’s development along high standards of integrity and transparency.

Communication....reflecting upon issues....putting thoughts into ideas....deas into words....RATINGS INSIGHT–a medium to communicate with the users of ratings-is an endeavor undertaken by pacra to facilitate and harmonize the development of ratings business.....

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All

Entity	Industry	Rating Type	Dissemination Date	Long Term Rating	Short Term Rating	Outlook	Action	Press Release	Report
Alfalah GHP Investment Management Limited	Asset Management	AMR	17-May-12	AM3		Negative	Maintain	view	-
Karachi Electric Supply Company Limited \|TFC I\| TBI	Energy	TFC	16-May-12	AA		Stable	Initial	view	view
Karachi Electric Supply Company Limited\|TFC II\| TBI	Energy	TFC	16-May-12	AA		Stable	Initial	view	view
Karachi Electric Supply Company Limited\|TFC III\| TBI	Energy	TFC	16-May-12	AA		Stable	Initial	view	view
Askari Sovereign Yield Enhancer	Mutual Fund	Stability Rating	16-May-12	AA-(f)		Stable	Initial	view	-
Halmore Power Generation Company Limited	Energy	Entity	15-May-12	AA-	A1+	RW	Initial	view	-
Hub Power Company Limited	Energy	Entity	15-May-12	AA+	A1+	Stable	Maintain	view	view
Amreli Steels Limited \|Sukuk\| Dec-09	Engineering	TFC	10-May-12	A-		Stable	Maintain	view	view
Arif Habib Investments Limited	Asset Management	AMR	08-May-12	AM2		Stable	Maintain	view	-
Atlas Asset Management Limited	Asset Management	AMR	04-May-12	AM2-		Stable	Maintain	view	view

Entities

Entity	Industry	Rating Type	Dissemination Date	Long Term Rating	Short Term Rating	Outlook	Action	Press Release	Report
Halmore Power Generation Company Limited	Energy	Entity	15-May-12	AA-	A1+	RW	Initial	view	-
Hub Power Company Limited	Energy	Entity	15-May-12	AA+	A1+	Stable	Maintain	view	view
Nishat Mills Limited	Textile	Entity	03-May-12	AA-	A1+	Stable	Maintain	view	view
Apna Microfinance Bank Limited	Banks	Entity	30-Apr-12	BBB	A3	Positive	Maintain	view	view
Pakistan National Shipping Corporation	Transportation	Entity	24-Apr-12	AA-	A1+	Stable	Maintain	view	view
Tameer Microfinance Bank Limited	Banks	Entity	20-Apr-12	A	A1	Stable	Maintain	view	view
Karachi Electric Supply Company Limited	Energy	Entity	19-Apr-12	A-	A2	Stable	Initial	view	view
East West Insurance Company Limited	Insurance	IFS	17-Apr-12	A-		Stable	Maintain	view	view
Atlas Power Limited	Energy	Entity	09-Apr-12	AA	A1+	RW	Maintain	view	-
Liberty Power Tech Limited	Energy	Entity	09-Apr-12	AA	A1+	RW	Maintain	view	-

Instruments

Entity	Industry	Rating Type	Dissemination Date	Long Term Rating	Outlook	Action	Press Release	Report
Karachi Electric Supply Company Limited \|TFC I\| TBI	Energy	TFC	16-May-12	AA	Stable	Initial	view	view
Karachi Electric Supply Company Limited\|TFC II\| TBI	Energy	TFC	16-May-12	AA	Stable	Initial	view	view
Karachi Electric Supply Company Limited\|TFC III\| TBI	Energy	TFC	16-May-12	AA	Stable	Initial	view	view
Amreli Steels Limited \|Sukuk\| Dec-09	Engineering	TFC	10-May-12	A-	Stable	Maintain	view	view
Engro Fertilizers Limited \|Sukuk\| Mar-12	Fertilizers	TFC	23-Apr-12	AA	Stable	Maintain	view	-
Pakistan Mobile Communications Limited \|TFC III\| Apr-12	Communication	TFC	20-Apr-12	AA-	Stable	Maintain	view	view
Standard Chartered Bank (Pakistan) Limited \|TFC IV\| TBI	Banks	TFC	18-Apr-12	AAA	Stable	Initial	view	view
WorldCall Telecom Limited \|TFC III\| Oct-08	Communication	TFC	04-Apr-12	BB+	RW	Downgrade	view	-
Pakistan Mobile Commiunications Limited \|TFC I\| May-06	Communication	TFC	28-Mar-12	AA-	Stable	Upgrade	view	view
Pakistan Mobile Communications Limited \|TFC II\| Oct-08	Communication	TFC	28-Mar-12	AA-	Stable	Upgrade	view	view

Asset Management

Entity	Industry	Rating Type	Dissemination Date	Long Term Rating	Outlook	Action	Press Release	Report
Alfalah GHP Investment Management Limited	Asset Management	AMR	17-May-12	AM3	Negative	Maintain	view	-
Askari Sovereign Yield Enhancer	Income Funds	Stability Rating	16-May-12	AA-(f)	Stable	Initial	view	-
Arif Habib Investments Limited	Asset Management	AMR	08-May-12	AM2	Stable	Maintain	view	-
Atlas Asset Management Limited	Asset Management	AMR	04-May-12	AM2-	Stable	Maintain	view	view
Askari High Yield Scheme	Income Funds	Stability Rating	12-Mar-12	A+(f)	Stable	Initial	view	-
First Capital Investments Limited	Asset Management	AMR	08-Mar-12	AM4+	RW	Maintain	view	-
IGI Stock Fund	Equity Funds (Open -End)	Fund Ranking	19-Jan-12		Stable	Initial	view	-
Lakson Equity Fund	Equity Funds (Open -End)	Fund Ranking	28-Nov-11		Stable	Initial	view	-
MCB Asset Management Company Limited	Asset Management	AMR	28-Nov-11	AM2-		Withdraw	view	-
NAFA Stock Fund	Equity Funds (Open -End)	Fund Ranking	04-Nov-11	2-STAR	Stable	Initial	view	-

Real Estate

Entity	Industry	Rating Type	Dissemination Date	Long Term Rating	Outlook	Action	Press Release	Report
Centrepoint Karachi	Real Estate	Project	08-Jul-11	PG3+	Stable	Maintain	view	view
Tricon Developers Limited	Real Estate	Developer	28-Jun-11	DG3		Withdraw	view	-
Eden Developers (Pvt.) Limited	Real Estate	Developer	04-May-11	DG3		Withdraw	-	-
Eden Builders Limited	Real Estate	Developer	04-May-11	DG3+		Withdraw	view	-

All

Entities

Instruments

Asset Management

Real Estate

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