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ASSET MANAGER RATING METHODOLOGY ---Details
Methodology|03-Jun-2016

FUND STABILITY RATING METHODOLOGY ---Details
Methodology|03-Jun-2016

PACRA UPGRADES ASSET MANAGER RATING OF NATIONAL INVESTMENT TRUST LIMITED
Ratings|Non Banking Financial Institutes|Asset Manager|25-May-2017

PACRA ASSIGNS PRELIMINARY RATING TO PROPOSED SUKUK OF AGP LIMITED
Ratings|Pharmaceutical|Debt Instrument|24-May-2017

PACRA MAINTAINS ENTITY RATINGS OF ENGRO CORPORATION LIMITED
Ratings|Holding Company|Entity|17-May-2017

PACRA MAINTAINS ENTITY RATINGS OF ENGRO CORPORATION LIMITED
Ratings|Holding Company|Debt Instrument|17-May-2017

PACRA MAINTAINS ASSET MANAGER RATING OF BMA ASSET MANAGEMENT COMPANY LIMITED
Ratings|Non Banking Financial Institutes|Asset Manager|17-May-2017

PACRA UPGRADES ASSET MANAGER RATING OF ALFALAH GHP INVESTMENT MANAGEMENT LIMITED
Ratings|Non Banking Financial Institutes|Asset Manager|16-May-2017

PACRA UPGRADE ENTITY RATINGS OF TPL DIRECT INSURANCE LIMITED
Ratings|Insurance|IFS|16-May-2017

PACRA MAINTAINS ASSET MANAGER RATING OF FIRST CAPITAL INVESTMENTS LIMITED
Ratings|Non Banking Financial Institutes|Asset Manager|15-May-2017

PACRA UPGRADES ASSET MANAGER RATING OF LAKSON INVESTMENTS LIMITED
Ratings|Non Banking Financial Institutes|Asset Manager|15-May-2017

PACRA MAINTAINS ASSET MANAGER RATING OF HABIB ASSET MANAGEMENT LIMITED
Ratings|Non Banking Financial Institutes|Asset Manager|15-May-2017

All

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
National Investment Trust Limited Asset Management Asset Manager 25-May-17 AM2++ - Stable Upgrade view view
AGP Limited | Sukuk | TBI Pharmaceutical Debt Instrument 24-May-17 A - Stable Preliminary view view
Engro Corporation Limited Holding Company Entity 17-May-17 AA A1+ Stable Maintain view view
Engro Corporation Limited | Sukuk | Jul-14 Holding Company Debt Instrument 17-May-17 AA+ A1+ Stable Maintain view view
BMA Asset Management Company Limited Asset Management Asset Manager 17-May-17 AM3 - Stable Maintain view view
Alfalah GHP Investment Management Limited Asset Management Asset Manager 16-May-17 AM2+ - Stable Upgrade view view
TPL Direct Insurance Limited Insurance IFS 16-May-17 A+ - Stable Upgrade view view
First Capital Investments Limited Asset Management Asset Manager 15-May-17 AM4++ - Stable Maintain view view
Lakson Investments Limited Asset Management Asset Manager 15-May-17 AM2+ - Stable Upgrade view view
Habib Asset Management Limited Asset Management Asset Manager 15-May-17 AM3+ - Stable Maintain view view

Entities

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
Engro Corporation Limited Holding Company Entity 17-May-17 AA A1+ Stable Maintain view view
TPL Direct Insurance Limited Insurance IFS 16-May-17 A+ - Stable Upgrade view view
JS Global Capital Limited Brokerage/Security Entity 12-May-17 AA A1+ Stable Maintain view view
Apna Microfinance Bank Limited Bank Entity 10-May-17 BBB A3 Stable Downgrade view view
IGI Life Insurance Company Insurance IFS 09-May-17 A+ - Stable Initial view view
NRSP Microfinance Bank Limited Bank Entity 29-Apr-17 A A1 Stable Initial view view
Mobilink Microfinance Bank Limited Bank Entity 28-Apr-17 A A1 Stable Maintain view view
Telenor Microfinance Bank Limited (previously Tameer Microfinance Bank Limited) Bank Entity 28-Apr-17 A+ A1 Stable Maintain view view
Pak Elektron Limited Household Appliances Entity 26-Apr-17 A+ A1 Stable Maintain view view
Engro Elengy Terminal (Private) Limited Liquefied Natural Gas Entity 26-Apr-17 A A1 Stable Maintain view view

Instruments

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Outlook Action Press
Release
Report
AGP Limited | Sukuk | TBI Pharmaceutical Debt Instrument 24-May-17 A Stable Preliminary view view
Engro Corporation Limited | Sukuk | Jul-14 Holding Company Debt Instrument 17-May-17 AA+ Stable Maintain view view
JS Global Capital Limited | CP Brokerage/Security Debt Instrument 12-May-17 AA Stable Initial view -
NRSP Microfinance Bank Limited | PPTFC | Jun-16 Bank Debt Instrument 29-Apr-17 A Stable Maintain view -
Pak Elektron Limited |Sukuk II| Mar-08 Household Appliances Debt Instrument 26-Apr-17 A+ Stable Maintain view view
Pak Elektron Limited | Sukuk III | Aug-16 Household Appliances Debt Instrument 26-Apr-17 A+ Stable Maintain view view
Engro Fertilizers Limited | Sukuk III | Jul-14 Fertilizer Debt Instrument 20-Apr-17 AA- Stable Maintain view view
WAPDA |PPTFC |TBI Power Debt Instrument 04-Apr-17 AAA Stable Preliminary view view
WAPDA | Sukuk | TBI Power Debt Instrument 04-Apr-17 AAA Stable Preliminary view view
K-Electric Limited|TFC III| Aug-12 Power DISCOs Debt Instrument 30-Mar-17 AA+ Stable Maintain view view

Asset Management

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
National Investment Trust Limited Asset Management Asset Manager 25-May-17 AM2++ - Stable Upgrade view view
BMA Asset Management Company Limited Asset Management Asset Manager 17-May-17 AM3 - Stable Maintain view view
Alfalah GHP Investment Management Limited Asset Management Asset Manager 16-May-17 AM2+ - Stable Upgrade view view
First Capital Investments Limited Asset Management Asset Manager 15-May-17 AM4++ - Stable Maintain view view
Lakson Investments Limited Asset Management Asset Manager 15-May-17 AM2+ - Stable Upgrade view view
Habib Asset Management Limited Asset Management Asset Manager 15-May-17 AM3+ - Stable Maintain view view
Pak Oman Islamic Asset Allocation Fund Islamic Asset Allocation Performance Ranking 08-May-17 3-Star 4-Star - Improved view -
NAFA Islamic Stock Fund (NAFA ISF) Islamic Equity Fund Performance Ranking 08-May-17 - 3-Star - Initial view -
NAFA Islamic Asset Allocation Fund (NAFA IAAF) Islamic Asset Allocation Performance Ranking 08-May-17 - 4-Star - Initial view -
NAFA Multi Asset Fund (NAFA MAF) Balanced Fund Performance Ranking 08-May-17 5-Star 5-Star - Initial view -

Grading

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Outlook Action Press
Release
Report
Security & Management Services (Pvt.) Limited Security Security Agency Grading 14-Dec-16 SG2 Stable Maintain view view
Wackenhut Pakistan (Pvt.) Limited Security Security Agency Grading 14-Dec-16 BBB Stable Maintain view view
Centrepoint Karachi Real Estate Project Grading 30-Jun-15 PG1 - Withdraw 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 - -

Peformance Ranking

Fund Name Category Opinion Type Dissemination
Date
Ratings
1 Year 3 Year 5 Year
Review Period
End Date
Press Release
Pak Oman Islamic Asset Allocation Fund Islamic Asset Allocation Performance Ranking 08-May-17
4-Star 3-Star 4-Star
31-Dec-16 view
NAFA Islamic Stock Fund (NAFA ISF) Islamic Equity Fund Performance Ranking 08-May-17
3-Star - -
31-Dec-16 view
NAFA Islamic Asset Allocation Fund (NAFA IAAF) Islamic Asset Allocation Performance Ranking 08-May-17
4-Star - -
31-Dec-16 view
NAFA Multi Asset Fund (NAFA MAF) Balanced Fund Performance Ranking 08-May-17
5-Star 5-Star 4-Star
31-Dec-16 view
Lakson Equity Fund Equity Fund (Open-end) Performance Ranking 08-May-17
4-Star 3-Star 3-Star
31-Dec-16 view
First Capital Mutual Fund Equity Fund (Open-end) Performance Ranking 08-May-17
3-Star 2-Star 1-Star
31-Dec-16 view
Faysal Balanced Growth Fund Balanced Fund Performance Ranking 08-May-17
2-Star 3-Star 2-Star
31-Dec-16 view
NAFA Islamic Active Allocation Equity Fund (NAFA IAAEF) Islamic Equity Fund Performance Ranking 08-May-17
5-Star - -
31-Dec-16 view
Pak Oman Advantage Asset Allocation Fund Asset Allocation Fund Performance Ranking 08-May-17
4-Star 3-Star 3-Star
31-Dec-16 view
NAFA Stock Fund (NAFA SF) Equity Fund (Open-end) Performance Ranking 08-May-17
5-Star 5-Star 4-Star
31-Dec-16 view
PIML Strategic Multi Asset Fund Balanced Fund Performance Ranking 08-May-17
3-Star 4-Star -
31-Dec-16 view
Faysal Asset Allocation Fund Asset Allocation Fund Performance Ranking 08-May-17
1-Star 2-Star 2-Star
31-Dec-16 view
PIML Islamic Equity Fund Islamic Equity Fund Performance Ranking 08-May-17
2-Star - -
31-Dec-16 view
AKD Opportunity Fund Equity Fund (Open-end) Performance Ranking 08-May-17
3-Star 5-Star 5-Star
31-Dec-16 view
Alfalah GHP Islamic Stock Fund (Formerly Alfalah GHP Islamic Fund) Islamic Equity Fund Performance Ranking 08-May-17
3-Star - -
31-Dec-16 view
Alfalah GHP Value Fund Asset Allocation Fund Performance Ranking 08-May-17
4-Star 4-Star 4-Star
31-Dec-16 view
Alfalah GHP Stock Fund (Formerly IGI Stock Fund) Equity Fund (Open-end) Performance Ranking 08-May-17
3-Star 4-Star 3-Star
31-Dec-16 view
Alfalah GHP Alpha Fund Equity Fund (Open-end) Performance Ranking 08-May-17
3-Star 4-Star 3-Star
31-Dec-16 view
Faysal Islamic Asset Allocation Fund (FIAAF) Islamic Asset Allocation Performance Ranking 08-May-17
2-Star - -
31-Dec-16 view
MCB Pakistan Stock Market Fund Equity Fund (Open-end) Performance Ranking 08-Dec-16
4-Star 4-Star
-- view
Pakistan International Element Islamic Asset Allocation Fund Islamic Asset Allocation Performance Ranking 08-Dec-16
- -
-- view
Pakistan Capital Market Fund Balanced Fund Performance Ranking 08-Dec-16
-- view
MCB Pakistan Asset Allocation Fund Asset Allocation Fund Performance Ranking 08-Dec-16
3-Star 4-Star
-- view
MCB Pakistan Islamic Stock Fund Islamic Equity Fund Performance Ranking 08-Dec-16
1-Star 2-Star
-- view
JS Growth Fund Equity Fund (Closed-end) Performance Ranking 08-Dec-16
2-Star 3-Star 3-Star
-- view
JS Large Capital Fund Equity Fund (Open-end) Performance Ranking 08-Dec-16
3-Star 4-Star 4-Star
-- view
NAFA Islamic Asset Allocation Fund (Formerly NAFA Islamic Multi Asset Fund) Islamic Asset Allocation Performance Ranking 08-Dec-16
4-Star - -
-- view
NAFA Multi Asset Fund Balanced Fund Performance Ranking 08-Dec-16
3-Star 4-Star 4-Star
-- view
Atlas Islamic Stock Fund Islamic Equity Fund Performance Ranking 08-Dec-16
3-Star 3-Star
-- view
JS Islamic Fund Islamic Equity Fund Performance Ranking 08-Dec-16
3-Star 4-Star 4-Star
-- view