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SECURITY AGENCY GRADING LAUNCH | MD PACRA 'S ADDRESS
Announcement|25-Oct-2014

PACRA INTRODUCES SECURITY AGENCY GRADING IN PAKISTAN
Announcement|25-Oct-2014

SECURITY AGENCY GRADING
Announcement|25-Oct-2014

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

PACRA ASSIGNS IFS RATING TO ASIACARE HEALTH AND LIFE INSURANCE COMPANY LIMITED
Ratings|Insurance|IFS|20-Jan-2015

PACRA MAINTAINS ENTITY RATINGS OF ORIX LEASING PAKISTAN LIMITED
Ratings|Non Banking Financial Institutes|Entity|15-Jan-2015

PACRA MAINTAINS ENTITY RATINGS OF STANDARD CHARTERED LEASING LIMITED
Ratings|Non Banking Financial Institutes|Entity|15-Jan-2015

PACRA MAINTAINS ENTITY RATINGS OF STANDARD CHARTERED MODARABA
Ratings|Non Banking Financial Institutes|Entity|15-Jan-2015

PACRA ASSIGNS POSITIVE OUTLOOK TO RATINGS OF IGI INVESTMENT BANK LIMITED
Ratings|Non Banking Financial Institutes|Entity|14-Jan-2015

PACRA ASSIGNS "POSITIVE OUTLOOK" TO THE RATINGS OF ENGRO CORPORATION LIMITED
Ratings|Holding Company|Entity|13-Jan-2015

PACRA MAINTAINS THE RATING OF LISTED AND SECURED SUKUK OF PKR 4,000MLN OF ENGRO CORPORATION LIMITED.
Ratings|Holding Company|Debt Instrument|13-Jan-2015

PACRA MAINTAINS ENTITY RATINGS OF PAK-ARAB REFINERY LIMITED
Ratings|Oil and Gas|Entity|13-Jan-2015

PACRA ASSIGNS ENTITY RATINGS TO DAWOOD HERCULES CORPORATION LIMITED
Ratings|Holding Company|Entity|12-Jan-2015

PACRA UPGRADES ENTITY RATINGS OF NISHAT MILLS LIMITED
Ratings|Textile|Entity|10-Jan-2015

All

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
Asiacare Health and Life Insurance Company Limited Insurance IFS 20-Jan-15 A- Stable Initial view view
ORIX Leasing Pakistan Limited Leasing Entity 15-Jan-15 AA+ A1+ Stable Maintain view -
Standard Chartered Leasing Limited Leasing Entity 15-Jan-15 AA+ A1+ Stable Maintain view view
Standard Chartered Modaraba Modaraba Entity 15-Jan-15 AA+ A1+ Stable Maintain view view
IGI Investment Bank Limited Investment Bank Entity 14-Jan-15 BBB- A3 Positive Maintain view view
NAFA Government Securities Savings Fund Mutual Fund Stability Rating 13-Jan-15 AA-(f) Stable Initial view -
Engro Corporation Limited Holding Company Entity 13-Jan-15 AA- A1+ Positive Maintain view view
Engro Corporation Limited | Sukuk | Jul-14 Holding Company Debt Instrument 13-Jan-15 AA Positive Maintain view view
Pak Arab Refinery Limited Oil and Gas Entity 13-Jan-15 AAA A1+ Stable Maintain view view
Dawood Hercules Corporation Limited Holding Company Entity 12-Jan-15 A+ A1 Stable Initial view view

Entities

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
Asiacare Health and Life Insurance Company Limited Insurance IFS 20-Jan-15 A- Stable Initial view view
ORIX Leasing Pakistan Limited Leasing Entity 15-Jan-15 AA+ A1+ Stable Maintain view -
Standard Chartered Leasing Limited Leasing Entity 15-Jan-15 AA+ A1+ Stable Maintain view view
Standard Chartered Modaraba Modaraba Entity 15-Jan-15 AA+ A1+ Stable Maintain view view
IGI Investment Bank Limited Investment Bank Entity 14-Jan-15 BBB- A3 Positive Maintain view view
Engro Corporation Limited Holding Company Entity 13-Jan-15 AA- A1+ Positive Maintain view view
Pak Arab Refinery Limited Oil and Gas Entity 13-Jan-15 AAA A1+ Stable Maintain view view
Dawood Hercules Corporation Limited Holding Company Entity 12-Jan-15 A+ A1 Stable Initial view view
Nishat Mills Limited Textile Entity 10-Jan-15 AA A1+ Stable Upgrade view view
Maple Leaf Cement Factory Limited Cement Entity 09-Jan-15 A- A2 Stable Upgrade view view

Instruments

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Outlook Action Press
Release
Report
Engro Corporation Limited | Sukuk | Jul-14 Holding Company Debt Instrument 13-Jan-15 AA Positive Maintain view view
Engro Fertilizers Limited |PPTFC I| Mar-08 Fertilizer Debt Instrument 09-Jan-15 AA- Stable Upgrade view -
The Pakistan Water and Power Development Authority | PPTFC | Sep-13 Energy Debt Instrument 09-Jan-15 AAA Stable Maintain view view
Engro Fertilizers Limited | Sukuk III | Jul-14 Fertilizer Debt Instrument 09-Jan-15 A+ Stable Maintain view -
Maple Leaf Cement Factory Limited |Sukuk| Dec-07 Cement Debt Instrument 09-Jan-15 A- Stable Upgrade view view
Engro Fertilizers Limited |TFC III| Dec-09 Fertilizer Debt Instrument 09-Jan-15 AA- Stable Upgrade view -
Engro Fertilizers Limited |PPTFC II| Mar-08 Fertilizer Debt Instrument 08-Jan-15 AA- Stable Upgrade view -
Pak Elektron Limited |Sukuk II| Mar-08 Engineering Debt Instrument 06-Jan-15 A- Stable Initial view view
Pak Elektron Limited |Sukuk I| Sep-07 Engineering Debt Instrument 06-Jan-15 A- Stable Initial view view
PAIR Investment Company Limited | CP | May-14 DFI Debt Instrument 24-Dec-14 AA - Redeem view -

Asset Management

Entity Industry Rating
Type
Dissemination
Date
Long Term
Rating
Short Term
Rating
Outlook Action Press
Release
Report
NAFA Government Securities Savings Fund Income Fund Stability Rating 13-Jan-15 AA-(f) Stable Initial view -
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 -

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