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PACRA REVISES AND UPDATES ITS FUND PERFORMANCE RANKING METHODOLOGY ---Details
Announcement|18-Nov-2014

PACRA RELEASES LATEST ISSUE OF PACRA INSIGHT ---Details
PACRA Publications|16-Oct-2014

BANKING INDUSTRY UPDATE ---Details
Review|15-Jun-2014

PACRA SOLICITS COMMENTS ON ITS REVISED FUND CAPITAL PROTECTION RATING METHODOLOGY ---Details
Announcement|06-Jun-2014

PACRA COLLABORATES WITH LAHORE SCHOOL OF ECONOMICS ---Details
Presentation|04-Jun-2014

PACRA MAINTAINS RATINGS OF LIBERTY POWER TECH LIMITED
Ratings|Energy|Entity|19-Dec-2014

PACRA MAINTAINS RATING OF NISHAT POWER LIMITED
Ratings|Energy|Entity|19-Dec-2014

PACRA MAINTAINS ENTITY RATINGS OF IBRAHIM FIBRES LIMITED
Ratings|Textile|Entity|18-Dec-2014

PPTFCS ISSUED BY CITY SCHOOL (PRIVATE) LIMITED FULLY REDEEMED, RATING WITHDRAWN
Ratings|Structured Finance|Debt Instrument|17-Dec-2014

PACRA ASSIGNS ENTITY RATINGS TO PAK ELEKTRON LIMITED
Ratings|Engineering|Entity|12-Dec-2014

PACRA MAINTAINS RATINGS OF FIRST FIDELITY LEASING MODARABA
Ratings|Non Banking Financial Institutes|Entity|12-Dec-2014

PACRA MAINTAINS ENTITY RATINGS OF DESCON OXYCHEM LIMITED
Ratings|Chemical|Entity|12-Dec-2014

PACRA REAFFIRMS THE ASSET MANAGER RATING OF FIRST CAPITAL INVESTMENTS LIMITED; RATING WATCH REMOVED
Ratings|Non Banking Financial Institutes|Asset Manager|06-Dec-2014

TFC-II ISSUED BY ENGRO FERTILIZER LIMITED FULLY REDEEMED: RATING WITHDRAWN
Ratings|Fertilizer|Debt Instrument|05-Dec-2014

PACRA MAINTAINS ENTITY RATINGS OF MANGLA METALS (PRIVATE) LIMITED
Ratings|Engineering|Entity|05-Dec-2014

All

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
Liberty Power Tech Limited Energy Entity 19-Dec-14 A+ A1 Stable Maintain view view
Nishat Power Limited Energy Entity 19-Dec-14 A+ A1 Stable Maintain view view
Ibrahim Fibers Limited Textile Entity 18-Dec-14 AA- A1+ Stable Maintain view view
City Schools (Pvt.) Limited | PPTFC| May-10 Structured Finance Debt Instrument 17-Dec-14 A+ - Redeem view -
Pak Elektron Limited Engineering Entity 12-Dec-14 A- A2 Stable Initial view view
First Fidelity Leasing Modaraba Modaraba Entity 12-Dec-14 BBB+ A2 Stable Maintain view view
Descon Oxychem Limited Chemical Entity 12-Dec-14 A A1 Stable Maintain view view
First Capital Investments Limited Asset Management Asset Manager 06-Dec-14 AM4+ Stable Maintain view view
Engro Fertilizers Limited |TFC II| Nov-07 Fertilizer Debt Instrument 05-Dec-14 A+ - Withdraw view -
Mangla Metals (Pvt.) Limited Engineering Entity 05-Dec-14 BBB A3 Stable Maintain view view

Entities

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
Liberty Power Tech Limited Energy Entity 19-Dec-14 A+ A1 Stable Maintain view view
Nishat Power Limited Energy Entity 19-Dec-14 A+ A1 Stable Maintain view view
Ibrahim Fibers Limited Textile Entity 18-Dec-14 AA- A1+ Stable Maintain view view
Pak Elektron Limited Engineering Entity 12-Dec-14 A- A2 Stable Initial view view
First Fidelity Leasing Modaraba Modaraba Entity 12-Dec-14 BBB+ A2 Stable Maintain view view
Descon Oxychem Limited Chemical Entity 12-Dec-14 A A1 Stable Maintain view view
Mangla Metals (Pvt.) Limited Engineering Entity 05-Dec-14 BBB A3 Stable Maintain view view
Kohsar Hydro Power (Pvt.) Limited Energy Entity 05-Dec-14 BBB A3 Stable Maintain view view
The United Insurance Company of Pakistan Limited Insurance IFS 02-Dec-14 A+ Stable Maintain view view
Alfalah Insurance Company Limited Insurance IFS 02-Dec-14 A+ Stable Upgrade view view

Instruments

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Outlook Action Press
Release
Report
City Schools (Pvt.) Limited | PPTFC| May-10 Structured Finance Debt Instrument 17-Dec-14 A+ - Redeem view -
Engro Fertilizers Limited |TFC II| Nov-07 Fertilizer Debt Instrument 05-Dec-14 A+ - Withdraw view -
Engro Corporation Limited |TFC II| Jun-11 Fertilizer Debt Instrument 01-Oct-14 AA Redeem view -
Bank Al Habib Limited |PPTFC III| Jun-09 Bank Debt Instrument 26-Sep-14 AA Redeem view -
AlBaraka Bank (Pakistan) Limited | Sukuk | Sep-14 Bank Debt Instrument 25-Sep-14 A Stable Initial view view
ORIX Leasing Pakistan Limited |TFC II| Jun-11 Leasing Debt Instrument 10-Jul-14 AA+ Stable Redeem view -
Engro Fertilizers Limited | Sukuk III | Jul-14 Fertilizer Debt Instrument 08-Jul-14 A+ Stable Initial view -
Pakistan Refinery Limited | TFC II | Nov-13 Oil and Gas Debt Instrument 30-Jun-14 A Stable Maintain view view
Pakistan Refinery Limited | TFC I | Nov-13 Oil and Gas Debt Instrument 30-Jun-14 A Stable Maintain view view
Askari Bank Limited |TFC IV| Dec-11 Bank Debt Instrument 30-Jun-14 AA- Stable Maintain view view

Asset Management

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
First Capital Investments Limited Asset Management Asset Manager 06-Dec-14 AM4+ Stable Maintain view view
NAFA Multi Asset Fund Balanced Fund Performance Ranking 21-Nov-14 4-STAR 4-STAR - Improved view -
Unit Trust of Pakistan Balanced Fund Performance Ranking 21-Nov-14 4-STAR 3-STAR - Declined view -
Pakistan Strategic Allocation Fund Equity Fund (Open-end) Performance Ranking 21-Nov-14 3-STAR 4-STAR - Improved view -
Pakistan Stock Market Fund Equity Fund (Open-end) Performance Ranking 21-Nov-14 3-STAR 3-STAR - Same view -
Pakistan International Element Islamic Fund Islamic Equity Fund Performance Ranking 21-Nov-14 3-STAR 4-STAR - Improved view -
Pak Oman Islamic Asset Allocation Fund Islamic Asset Allocation Performance Ranking 21-Nov-14 3-STAR 4-STAR - Improved view -
Pak Oman Advantage Asset Allocation Fund Asset Allocation Fund Performance Ranking 21-Nov-14 2-STAR 2-STAR - Declined view -
NI(U)T Equity Fund (Open-end) Performance Ranking 21-Nov-14 4-STAR 5-STAR - Improved view -
NAFA Stock Fund Equity Fund (Open-end) Performance Ranking 21-Nov-14 4-STAR 3-STAR - Declined view -

Real Estate

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Outlook Action Press
Release
Report
Centrepoint Karachi Real Estate Project Grading 16-Jun-14 PG1 Stable Upgrade view view
Tricon Developers Limited Real Estate Developer Grading 28-Jun-11 DG3 Positive Withdraw view -
Eden Builders Limited Real Estate Developer Grading 04-May-11 DG3+ Stable Withdraw view view
Eden Developers (Pvt.) Limited Real Estate Developer Grading 04-May-11 DG3 Stable Withdraw view -
Emmar Giga Karachi Limited Real Estate Developer Grading 13-May-10 DG2+ Stable Withdraw - -
Emmar DHA Islamabad Limited Real Estate Developer Grading 13-May-10 DG2+ Stable Withdraw - -

PACRA's Rating Resources --- Indepth

Rating Resources