| Current Outstanding Ratings - Chronological |
| No. | Entity | Industry | Rating Type | Dissemination Date | LT Rating | ST Rating | Action | Outlook | Press Release | Report | History |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Liberty Power Tech Limited | Energy | Entity | 16-Feb-12 | AA | A1+ | Maintain | Stable | view | view | History |
| 2 | Liberty Power Tech Limited |TFC| Mar-10 | Energy | Instrument | 16-Feb-12 | AA | Maintain | Stable | view | view | History | |
| 3 | Liberty Power Tech Limited |Sukuk| Mar-09 | Energy | Instrument | 16-Feb-12 | AA | Maintain | Stable | view | view | History | |
| 4 | IGI Investment Bank Limited | Investment Bank | Entity | 15-Feb-12 | A- | A2 | Downgrade | Stable | view | view | History |
| 5 | Ahmad Fine Textile Mills Limited | Entity | 31-Jan-12 | A- | A2 | Initial | Stable | view | view | History | |
| 6 | Hussain Mills Limited | Textile | Entity | 30-Jan-12 | A- | A2 | Initial | Stable | view | view | History |
| 7 | Atlas Insurance Company Limited | Insurance | IFS | 25-Jan-12 | A+ | Maintain | Positive | view | - | History | |
| 8 | Trust Investment Bank Limited | Investment Bank | Entity | 23-Jan-12 | BBB- | A3 | Downgrade | Negative | view | view | History |
| 9 | Trust Investment Bank Limited |TFC III| July-08 | Investment Bank | Instrument | 23-Jan-12 | BBB- | Downgrade | Negative | view | view | History | |
| 10 | IGI Stock Fund | Equity Funds (Open -End) | Fund Ranking | 19-Jan-12 | 4-STAR | Initial | Stable | view | - | History | |
| 11 | KASB Securities Limited | Brokerage/Security | Entity | 17-Jan-12 | A- | A2 | Downgrade | Negative | view | view | History |
| 12 | KASB Securities Limited |TFC| Jun-07 | Brokerage/Security | Instrument | 17-Jan-12 | A | Downgrade | Negative | view | view | History | |
| 13 | Pak Electron Limited | Engineering | Entity | 16-Jan-12 | D | Downgrade | view | view | History | ||
| 14 | Pak Electron Limited |Sukuk I| Sep-07 | Engineering | Instrument | 16-Jan-12 | D | Downgrade | view | view | History | ||
| 15 | Pak Electron Limited |Sukuk II| Mar-08 | Engineering | Instrument | 16-Jan-12 | D | Downgrade | view | view | History | ||
| 16 | Lal Pir Power Limited | Energy | Entity | 13-Jan-12 | AA | A1+ | Maintain | Stable | view | view | History |
| 17 | Pak Gen Power Limited | Energy | Entity | 13-Jan-12 | AA | A1+ | Maintain | Stable | view | view | History |
| 18 | Sapphire Electric Company Limited | Energy | Entity | 11-Jan-12 | AA- | A1+ | Maintain | Stable | view | view | History |
| 19 | State Life Insurance Corporation of Pakistan | Insurance | IFS | 09-Jan-12 | AAA | Maintain | Stable | view | view | History | |
| 20 | The United Insurance Company of Pakistan Limited | Insurance | IFS | 06-Jan-12 | A | Maintain | Stable | view | view | History | |
| 21 | Kohinoor Energy Limited | Energy | Entity | 06-Jan-12 | AA | A1+ | Initial | Stable | view | view | History |
| 22 | Shaheen Insurance Company Limited | Insurance | IFS | 05-Jan-12 | A- | Maintain | Negative | view | view | History | |
| 23 | Standard Chartered Leasing Limited | Leasing | Entity | 03-Jan-12 | AA | A1+ | Upgrade | Stable | view | view | History |
| 24 | Askari Bank Limited |TFC IV| TBI | Banks | Instrument | 03-Jan-12 | AA- | Initial | Stable | view | view | History | |
| 25 | Askari General Insurance Company Limited | Insurance | IFS | 03-Jan-12 | A | Maintain | Stable | view | view | History | |
| 26 | ORIX Leasing Pakistan Limited | Leasing | Entity | 30-Dec-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 27 | ORIX Leasing Pakistan Limited |TFC I| May-07 | Leasing | Instrument | 30-Dec-11 | AA+ | Maintain | Stable | view | view | History | |
| 28 | ORIX Leasing Pakistan Limited |PP-TFC| Jan-08 | Leasing | Instrument | 30-Dec-11 | AA+ | Maintain | Stable | view | view | History | |
| 29 | ORIX Leasing Pakistan Limited |TFC II| Jun-11 | Leasing | Instrument | 30-Dec-11 | AA+ | Maintain | Stable | view | view | History | |
| 30 | Jubilee General Insurance Company Limited | Insurance | IFS | 26-Dec-11 | AA | Maintain | Positive | view | view | History | |
| 31 | Al-Abbas Sugar Mills Limited | Sugar | Entity | 20-Dec-11 | A | A1 | Maintain | Stable | view | view | History |
| 32 | Al-Abbas Sugar Mills |TFC| Nov-07 | Sugar | Instrument | 20-Dec-11 | A+ | Maintain | Stable | view | view | History | |
| 33 | Fatima Fertilizer Company Limited | Fertilizers | Entity | 15-Dec-11 | A+ | A1 | Upgrade | Stable | view | view | History |
| 34 | First Habib Modaraba | Modaraba | Entity | 13-Dec-11 | AA+ | A1+ | Maintain | Stable | view | - | History |
| 35 | Adamjee Insurance Company Limited | Insurance | IFS | 02-Dec-11 | AA | Maintain | Stable | view | view | History | |
| 36 | Prosperity Weaving Mills Limited | Textile | Entity | 30-Nov-11 | A- | A2 | Maintain | Stable | view | view | History |
| 37 | TPL Direct Insurance Limited | Insurance | IFS | 30-Nov-11 | A- | Maintain | Stable | view | view | History | |
| 38 | Standard Chartered Modaraba | Modaraba | Entity | 30-Nov-11 | AA+ | A1+ | Maintain | Stable | view | view | History |
| 39 | Dawood Family Takaful Limited | Insurance | IFS | 30-Nov-11 | A- | Maintain | Stable | view | view | History | |
| 40 | IGI Insurance Limited | Insurance | IFS | 29-Nov-11 | AA | Maintain | Stable | view | - | History | |
| 41 | Lakson Equity Fund | Equity Funds (Open -End) | Fund Ranking | 28-Nov-11 | 2-STAR | Initial | Stable | view | - | History | |
| 42 | Arif Habib Investment Management Limited | Asset Management | AMR | 28-Nov-11 | AM2 | Maintain | Positive | view | - | History | |
| 43 | JS Global Capital Limited | Brokerage/Security | Entity | 21-Nov-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 44 | TPL Trakker Limited | Auto and Allied | Entity | 21-Nov-11 | A- | A2 | Maintain | Stable | view | view | History |
| 45 | Tri-Pack Films Limited | Paper & Packaging | Entity | 15-Nov-11 | A+ | A1 | Maintain | Stable | view | view | History |
| 46 | Adamjee Life Assurance Company Limited | Insurance | IFS | 11-Nov-11 | A | Maintain | Stable | view | view | History | |
| 47 | NAFA Stock Fund | Equity Funds (Open -End) | Fund Ranking | 04-Nov-11 | 2-STAR | 4-STAR | Initial | Stable | view | - | History |
| 48 | NAFA Islamic Multi Asset Fund | Islamic Asset Allocation | Fund Ranking | 04-Nov-11 | 4-STAR | 4-STAR | Initial | Stable | view | - | History |
| 49 | NAFA Multi Asset Fund | Balanced Funds | Fund Ranking | 04-Nov-11 | 3-STAR | 4-STAR | Initial | Stable | view | - | History |
| 50 | Alfalah GHP Value Fund | Asset Allocation Funds | Fund Ranking | 31-Oct-11 | 4-STAR | 2-STAR | Initial | Stable | view | - | History |
| 51 | Alfalah GHP Alpha Fund | Equity Funds (Open -End) | Fund Ranking | 31-Oct-11 | 2-STAR | Initial | Stable | view | - | History | |
| 52 | Alfalah GHP Islamic Fund | Islamic Equity Funds | Fund Ranking | 31-Oct-11 | 4-STAR | 2-STAR | Initial | Stable | view | - | History |
| 53 | Dawood Islamic Fund | Islamic Asset Allocation | Fund Ranking | 31-Oct-11 | 3-STAR | 2-STAR | Initial | Stable | view | - | History |
| 54 | First Dawood Mutual Fund | Balanced Funds | Fund Ranking | 31-Oct-11 | 2-STAR | 2-STAR | Initial | Stable | view | - | History |
| 55 | KASB Bank Limited | Banks | Entity | 26-Oct-11 | BBB | A3 | Downgrade | Negative | view | view | History |
| 56 | KASB Bank Limited |TFC| TBI | Banks | Instrument | 26-Oct-11 | BBB- | Downgrade | Stable | view | view | History | |
| 57 | First Fidelity Leasing Modaraba | Modaraba | Entity | 18-Oct-11 | BBB+ | A2 | Upgrade | Stable | view | view | History |
| 58 | WorldCall Telecom Limited | Communication | Entity | 12-Oct-11 | BBB- | A3 | Downgrade | Negative | view | - | History |
| 59 | WorldCall Telecom Limited |TFC III| Oct-08 | Communication | Instrument | 12-Oct-11 | BBB | Downgrade | Negative | view | - | History | |
| 60 | KASB Stock Market Fund | Equity Funds (Open -End) | Fund Ranking | 07-Oct-11 | 3-STAR | 2-STAR | Initial | Stable | view | - | History |
| 61 | KASB Asset Allocation Fund | Balanced Funds | Fund Ranking | 07-Oct-11 | 3-STAR | 1-STAR | Initial | Stable | view | - | History |
| 62 | The Bank of Punjab | Banks | Entity | 07-Oct-11 | AA- | A1+ | Maintain | Negative | view | view | History |
| 63 | Askari Asset Allocation Fund | Islamic Asset Allocation | Fund Ranking | 05-Oct-11 | 3-STAR | 3-STAR | Initial | Stable | view | - | History |
| 64 | Askari Islamic Asset Allocation Fund | Islamic Asset Allocation | Fund Ranking | 05-Oct-11 | 3-STAR | Initial | Stable | view | - | History | |
| 65 | First Capital Mutual Fund | Equity Funds (Closed-End) | Fund Ranking | 04-Oct-11 | 3-STAR | 4-STAR | Initial | Stable | view | - | History |
| 66 | Atlas Stock Market Fund | Equity Funds (Open -End) | Fund Ranking | 27-Sep-11 | 4-STAR | 5-STAR | Initial | Stable | view | - | History |
| 67 | Atlas Islamic Stock Fund | Islamic Equity Funds | Fund Ranking | 27-Sep-11 | 4-STAR | 4-STAR | Initial | Stable | view | - | History |
| 68 | City Schools (Pvt.) Limited | PPTFC| May-10 | Others | Instrument | 22-Sep-11 | A+ | Maintain | Stable | view | view | History | |
| 69 | Pakistan Capital Market Fund | Asset Allocation Funds | Fund Ranking | 22-Sep-11 | 3-STAR | 2-STAR | Initial | Stable | view | - | History |
| 70 | Pakistan International Element Islamic Fund | Islamic Equity Funds | Fund Ranking | 22-Sep-11 | 2-STAR | 3-STAR | Initial | Stable | view | - | History |
| 71 | Pakistan Stock Market Fund | Equity Funds (Open -End) | Fund Ranking | 22-Sep-11 | 4-STAR | 2-STAR | Initial | Stable | view | - | History |
| 72 | Pakistan Premier Fund Limited | Equity Funds (Closed-End) | Fund Ranking | 22-Sep-11 | 4-STAR | 3-STAR | Initial | Stable | view | - | History |
| 73 | Pakistan Strategic Allocation Fund | Equity Funds (Closed-End) | Fund Ranking | 22-Sep-11 | 4-STAR | 3-STAR | Initial | Stable | view | - | History |
| 74 | MCB Dynamic Stock Fund | Equity Funds (Open -End) | Fund Ranking | 22-Sep-11 | 5-STAR | 4-STAR | Initial | Stable | view | - | History |
| 75 | MCB Dynamic Allocation Fund | Asset Allocation Funds | Fund Ranking | 22-Sep-11 | 4-STAR | 4-STAR | Initial | Stable | view | - | History |
| 76 | Escorts Investment Bank Limited | Investment Bank | Entity | 22-Sep-11 | BBB- | A3 | Downgrade | Negative | view | - | History |
| 77 | Pak China Investment Company Limited | DFI | Entity | 20-Sep-11 | AA- | A1+ | Maintain | Stable | view | view | History |
| 78 | Maple Leaf Cement Factory Limited | Cement | Entity | 19-Sep-11 | D | Downgrade | view | view | History | ||
| 79 | Maple Leaf Cement Factory Limited |Sukuk| Dec-07 | Cement | Instrument | 19-Sep-11 | D | Downgrade | view | view | History | ||
| 80 | Pak Oman Government Securities Fund | Income Funds | Stability Rating | 16-Sep-11 | AA(f) | Initial | Stable | view | - | History | |
| 81 | Pak Oman Islamic Asset Allocation Fund | Islamic Asset Allocation | Fund Ranking | 16-Sep-11 | 5-STAR | Initial | Stable | view | - | History | |
| 82 | Pak Oman Advantage Asset Allocation Fund | Asset Allocation Funds | Fund Ranking | 16-Sep-11 | 3-STAR | Initial | Stable | view | - | History | |
| 83 | FFC Energy Limited | Energy | Entity | 15-Sep-11 | A | A1 | Initial | Stable | view | view | History |
| 84 | National Refinery Limited | Oil & Gas | Entity | 09-Sep-11 | AAA | A1+ | Maintain | Stable | view | view | History |
| 85 | Descon Oxychem Limited | Chemical | Entity | 08-Sep-11 | A | A2 | Initial | Stable | view | view | History |
| 86 | Dawood Capital Management Limited | Asset Management | AMR | 07-Sep-11 | AM3- | Upgrade | Stable | view | view | History | |
| 87 | Attock Refinery Limited | Oil & Gas | Entity | 07-Sep-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 88 | Spencer & Company Pakistan Limited |TFC| Aug-10 | Others | Instrument | 06-Sep-11 | AA | Maintain | Stable | view | view | History | |
| 89 | Alfalah Insurance Company Limited | Insurance | IFS | 29-Aug-11 | A | Upgrade | Stable | view | view | History | |
| 90 | Fazal Cloth Mills Limited | Textile | Entity | 24-Aug-11 | A- | A2 | Maintain | Stable | view | view | History |
| 91 | Dawood Income Fund | Income Funds | Stability Rating | 23-Aug-11 | A-(f) | Initial | Stable | view | - | History | |
| 92 | Pace (Pakistan) Limited | Real Estate | Entity | 17-Aug-11 | D | Downgrade | view | view | History | ||
| 93 | Lakson Money Market Fund | Money Market Funds | Stability Rating | 17-Aug-11 | AA(f) | Maintain | Stable | view | - | History | |
| 94 | Pace (Pakistan) Limited |TFC I| Feb-08 | Real Estate | Instrument | 17-Aug-11 | D | Downgrade | view | view | History | ||
| 95 | Pace (Pakistan) Ltimited |Sukuk| Oct-09 | Real Estate | Instrument | 17-Aug-11 | D | Downgrade | view | view | History | ||
| 96 | Lakson Income Fund | Income Funds | Stability Rating | 20-Jul-11 | AA-(f) | Maintain | Stable | view | - | History | |
| 97 | HUM Network Limited | Communication | Entity | 16-Jul-11 | A | A1 | Maintain | Stable | view | view | History |
| 98 | JS Bank Limited | Banks | Entity | 13-Jul-11 | A | A1 | Maintain | Stable | view | view | History |
| 99 | Centrepoint Karachi | Real Estate | Project | 08-Jul-11 | PG3+ | Maintain | Stable | view | view | History | |
| 100 | Pakistan Mobile Communications Limited | Communication | Entity | 08-Jul-11 | A+ | A1 | Maintain | Positive | view | view | History |
| 101 | Pakistan Mobile Commiunications Limited |TFC I| May-06 | Communication | Instrument | 08-Jul-11 | A+ | Maintain | Positive | view | view | History | |
| 102 | Pakistan Mobile Communications Limited |TFC II| Oct-08 | Communication | Instrument | 08-Jul-11 | A+ | Maintain | Positive | view | view | History | |
| 103 | Habib Insurance Company Limited | Insurance | IFS | 07-Jul-11 | A+ | Maintain | Positive | view | view | History | |
| 104 | Pakistan Kuwait Investment Company (Pvt.) Limited | DFI | Entity | 06-Jul-11 | AAA | A1+ | Upgrade | Stable | view | view | History |
| 105 | PAIR Investment Company Limited | DFI | Entity | 06-Jul-11 | AA- | A1+ | Maintain | Stable | view | view | History |
| 106 | Ibrahim Fibers Limited | Textile | Entity | 05-Jul-11 | AA- | A1+ | Upgrade | Stable | view | view | History |
| 107 | Jahangir Siddiqui and Company Limited | Holding Company | Entity | 05-Jul-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 108 | Pak Libya Holding Company (Pvt.) Limited | DFI | Entity | 05-Jul-11 | AA- | A1+ | Maintain | Stable | view | view | History |
| 109 | Jahangir Siddiqui and Company Limited |TFC IV| Nov-06 | Holding Company | Instrument | 05-Jul-11 | AA | Maintain | Stable | view | view | History | |
| 110 | Jahangir Siddiqui and Company Limited |TFC V| Jul-07 | Holding Company | Instrument | 05-Jul-11 | AA | Maintain | Stable | view | view | History | |
| 111 | Askari Investment Management Limited | Asset Management | AMR | 05-Jul-11 | AM3+ | Upgrade | Stable | view | view | History | |
| 112 | Pak Libya Holding Company (Pvt.) Limited |TFC| Feb-11 | DFI | Instrument | 05-Jul-11 | AA | Maintain | Stable | view | view | History | |
| 113 | Allied Bank Limited | Banks | Entity | 04-Jul-11 | AA | A1+ | Maintain | Positive | view | view | History |
| 114 | MCB Bank Limited | Banks | Entity | 04-Jul-11 | AA+ | A1+ | Maintain | Stable | view | view | History |
| 115 | National Power Construction Corporation Limited | Engineering | Entity | 04-Jul-11 | A | A1 | Maintain | Stable | view | view | History |
| 116 | Allied Bank Limited |TFC II| Aug-09 | Banks | Instrument | 04-Jul-11 | AA- | Maintain | Positive | view | view | History | |
| 117 | Foundation Power Company (Daharki) Limited | Energy | Entity | 01-Jul-11 | AA- | A1+ | Initial | Stable | view | view | History |
| 118 | Habib Metropolitan Bank Limited | Banks | Entity | 30-Jun-11 | AA+ | A1+ | Maintain | Stable | view | view | History |
| 119 | BankIslami Pakistan Limited | Banks | Entity | 30-Jun-11 | A | A1 | Maintain | Stable | view | view | History |
| 120 | Standard Chartered Bank (Pakistan) Limited | Banks | Entity | 30-Jun-11 | AAA | A1+ | Maintain | Stable | view | view | History |
| 121 | The Bank of Khyber | Banks | Entity | 30-Jun-11 | A- | A2 | Maintain | Positive | view | view | History |
| 122 | JS Principal Secure Fund-I | Capital Protected Fund | Capital Protection | 30-Jun-11 | AA(cp) | Maintain | Stable | view | - | History | |
| 123 | Packages Limited | Paper & Packaging | Entity | 30-Jun-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 124 | First Women Bank Limited | Banks | Entity | 30-Jun-11 | BBB+ | A2 | Maintain | Positive | view | view | History |
| 125 | Faysal Bank Limited | Banks | Entity | 30-Jun-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 126 | Faysal Bank Limited |TFC I| Feb-05 | Banks | Instrument | 30-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 127 | Askari Bank Limited |TFC III| Nov-09 | Banks | Instrument | 30-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 128 | Standard Chartered Bank (Pakistan) Limited |TFC III| Feb-06 | Banks | Instrument | 30-Jun-11 | AAA | Maintain | Stable | view | view | History | |
| 129 | AlBaraka Bank (Pakistan) Limited | Banks | Entity | 30-Jun-11 | A | A1 | Upgrade | Positive | view | view | History |
| 130 | Optimus Limited | Auto and Allied | Entity | 29-Jun-11 | BBB+ | A2 | Maintain | Negative | view | view | History |
| 131 | NIB Bank Limited | Banks | Entity | 29-Jun-11 | AA- | A1+ | Maintain | Stable | view | view | History |
| 132 | Optimus Limited |TFC I| Oct-07 | Auto and Allied | Instrument | 29-Jun-11 | A | Maintain | Stable | view | view | History | |
| 133 | Optimus Limited |Sukuk| Mar-08 | Auto and Allied | Instrument | 29-Jun-11 | A | Maintain | Stable | view | view | History | |
| 134 | NIB Bank Limited |TFC| Mar-08 | Banks | Instrument | 29-Jun-11 | A+ | Maintain | Stable | view | view | History | |
| 135 | Soneri Bank Limited | Banks | Entity | 27-Jun-11 | AA- | A1+ | Maintain | Stable | view | view | History |
| 136 | First Capital Investments Limited | Asset Management | AMR | 27-Jun-11 | AM4+ | Maintain | Stable | view | view | History | |
| 137 | Soneri Bank Limited |TFC I| May-05 | Banks | Instrument | 27-Jun-11 | A+ | Maintain | Stable | view | view | History | |
| 138 | Halmore Power Generation Company Limited | Energy | Entity | 22-Jun-11 | A+ | A1 | Maintain | Stable | view | - | History |
| 139 | Askari Bank Limited | Banks | Entity | 21-Jun-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 140 | NAFA Riba Free Saving Fund | Income Funds | Stability Rating | 21-Jun-11 | AA-(f) | Upgrade | Stable | view | - | History | |
| 141 | NBP Fullerton Asset Management Limited | Asset Management | AMR | 21-Jun-11 | AM2- | Maintain | Positive | view | view | History | |
| 142 | Askari Bank Limited |TFC I| Feb-05 | Banks | Instrument | 21-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 143 | Askari Bank Limited |TFC II| Oct-05 | Banks | Instrument | 21-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 144 | Bank Alfalah Limited | Banks | Entity | 20-Jun-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 145 | Pak-Burnei Investment Company Limited | DFI | Entity | 20-Jun-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 146 | Bank Alfalah Limited |TFC II| Dec-04 | Banks | Instrument | 20-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 147 | Bank Alfalah Limited |TFC III| Nov-05 | Banks | Instrument | 20-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 148 | Bank Alfalah Limited |TFC IV| Dec-09 | Banks | Instrument | 20-Jun-11 | AA- | Maintain | Stable | view | view | History | |
| 149 | Bank Al Habib Limited | Banks | Entity | 14-Jun-11 | AA+ | A1+ | Maintain | Stable | view | view | History |
| 150 | Bank Al Habib Limited |TFC I| Jul-04 | Banks | Instrument | 14-Jun-11 | AA | Maintain | Stable | view | view | History | |
| 151 | Bank Al Habib Limited |TFC II| Feb-07 | Banks | Instrument | 14-Jun-11 | AA | Maintain | Stable | view | view | History | |
| 152 | Bank Al Habib Limited |TFC III| Jun-09 | Banks | Instrument | 14-Jun-11 | AA | Maintain | Stable | view | view | History | |
| 153 | Bank Al Habib Limited |TFC IV| Jun-11 | Banks | Instrument | 14-Jun-11 | AA | Initial | Stable | view | view | History | |
| 154 | Amreli Steels (Pvt.) Limited |Sukuk| Dec-09 | Engineering | Instrument | 31-May-11 | A- | Maintain | Stable | view | view | History | |
| 155 | Sapphire Fibers Limited | Textile | Entity | 26-May-11 | A | A2 | Initial | Stable | view | view | History |
| 156 | JS Investments Limited | Asset Management | Entity | 25-May-11 | A+ | A1 | Maintain | Stable | view | view | History |
| 157 | Financial Receivables Securitisation Company Limited |TFC| Jan-07 | Others | Instrument | 25-May-11 | A+ | Maintain | Stable | view | view | History | |
| 158 | First Habib Income Fund | Income Funds | Stability Rating | 24-May-11 | AA-(f) | Maintain | Stable | view | - | History | |
| 159 | Engro Corporation Limited |TFC II| Sep-11 | Fertilizers | Instrument | 24-May-11 | AA | Initial | Stable | view | view | History | |
| 160 | Network Microfinance Bank Limited | Banks | Entity | 23-May-11 | BBB | A3 | Maintain | RW | view | - | History |
| 161 | Eden Builders Limited |Sukuk| Sep-08 | Real Estate | Instrument | 04-May-11 | A | Maintain | Stable | view | view | History | |
| 162 | Pakistan National Shipping Corporation | Transportation | Entity | 03-May-11 | AA- | A1+ | Maintain | Stable | view | view | History |
| 163 | Tameer Microfinance Bank Limited | Banks | Entity | 02-May-11 | A | A1 | Initial | Stable | view | view | History |
| 164 | Habib Asset Management Limited | Asset Management | AMR | 23-Apr-11 | AM3- | Maintain | Positive | view | view | History | |
| 165 | Atlas Asset Management Limited | Asset Management | AMR | 21-Apr-11 | AM2- | Upgrade | Stable | view | view | History | |
| 166 | Lakson Investments Limited | Asset Management | AMR | 21-Apr-11 | AM3+ | Upgrade | Stable | view | view | History | |
| 167 | Engro Corporation Limited | Holding Company | Entity | 18-Apr-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 168 | Engro Corporation Limited |TFC I| Feb-11 | Fertilizers | Instrument | 18-Apr-11 | AA | Maintain | Stable | view | view | History | |
| 169 | Hub Power Company Limited | Energy | Entity | 15-Apr-11 | AA+ | A1+ | Maintain | Stable | view | view | History |
| 170 | Arif Habib Investment Management Limited. | Asset Management | Entity | 15-Apr-11 | A | A1 | Maintain | Stable | view | view | History |
| 171 | Nishat Power Limited | Energy | Entity | 14-Apr-11 | AA | A1+ | Upgrade | Stable | view | view | History |
| 172 | Engro Fertilizer Limited | Fertilizers | Entity | 14-Apr-11 | AA- | A1 | Maintain | Stable | view | view | History |
| 173 | Engro Fertilizer Limited |PPTFC I| Mar-08 | Fertilizers | Instrument | 14-Apr-11 | AA | Maintain | Stable | view | view | History | |
| 174 | Engro Fertilizer Limted |PPTFC II| Mar-08 | Fertilizers | Instrument | 14-Apr-11 | AA | Maintain | Stable | view | view | History | |
| 175 | Engro Fertilizer Limited |TFC II| Nov-07 | Fertilizers | Instrument | 14-Apr-11 | AA | Maintain | Stable | view | view | History | |
| 176 | Engro Fertilizer Limited |TFC III| Dec-09 | Fertilizers | Instrument | 14-Apr-11 | AA | Maintain | Stable | view | view | History | |
| 177 | Sui Southern Gas Company Limited | Oil & Gas | Entity | 13-Apr-11 | AA- | A1+ | Maintain | Negative | view | view | History |
| 178 | Sui Southern Gas Company Limited |Sukuk| Dec-07 | Oil & Gas | Instrument | 13-Apr-11 | AA | Maintain | Negative | view | view | History | |
| 179 | East West Insurance Company Limited | Insurance | IFS | 12-Apr-11 | A- | Maintain | Stable | view | view | History | |
| 180 | Atlas Power Limited | Energy | Entity | 08-Apr-11 | AA | A1+ | Upgrade | Stable | view | - | History |
| 181 | NIT Government Bond Fund | Income Funds | Stability Rating | 04-Apr-11 | AA(f) | Initial | Stable | view | - | History | |
| 182 | NIT Income Fund | Income Funds | Stability Rating | 04-Apr-11 | AA-(f) | Initial | Stable | view | - | History | |
| 183 | Agritech Limited | Fertilizers | Entity | 31-Mar-11 | D | Downgrade | view | view | History | ||
| 184 | Agritech Limited |PPTFC I| Nov-07 | Fertilizers | Instrument | 31-Mar-11 | D | Downgrade | Stable | view | view | History | |
| 185 | Agritech Limited |PPTFC II| Dec-07 | Fertilizers | Instrument | 31-Mar-11 | D | Downgrade | Stable | view | view | History | |
| 186 | Agritech Limited |PPTFC III| Aug-08 | Fertilizers | Instrument | 31-Mar-11 | D | Downgrade | Stable | view | view | History | |
| 187 | Agritech Limited |Sukuk| Aug-08 | Fertilizers | Instrument | 31-Mar-11 | D | Downgrade | Stable | view | view | History | |
| 188 | Azgard Nine Limited |TFC I| Sep-05 | Textile | Instrument | 31-Mar-11 | D | Downgrade | Stable | view | - | History | |
| 189 | Azgard Nine Limited |TFC II| Dec-07 | Textile | Instrument | 31-Mar-11 | D | Downgrade | Stable | view | view | History | |
| 190 | Azgard Nine Limited | Textile | Entity | 31-Mar-11 | D | Downgrade | view | view | History | ||
| 191 | KASB Islamic Income Opportunity Fund | Income Funds | Stability Rating | 22-Mar-11 | BBB(f) | Maintain | Stable | view | - | History | |
| 192 | KASB Income Opportunity Fund | Money Market Funds | Stability Rating | 22-Mar-11 | BBB(f) | Downgrade | Stable | view | - | History | |
| 193 | MCB Dynamic Cash Fund | Income Funds | Stability Rating | 03-Mar-11 | A+(f) | Maintain | Stable | view | - | History | |
| 194 | IGI Aggressive Income Fund | Income Funds | Stability Rating | 03-Mar-11 | BBB(f) | Downgrade | Stable | view | - | History | |
| 195 | IGI Islamic Income Fund | Income Funds | Stability Rating | 03-Mar-11 | A+(f) | Initial | Stable | view | - | History | |
| 196 | MCB Cash Management Optimizer Fund | Money Market Funds | Stability Rating | 03-Mar-11 | AA+(f) | Upgrade | Stable | view | - | History | |
| 197 | Nishat Mills Limited | Textile | Entity | 23-Feb-11 | AA- | A1+ | Upgrade | Stable | view | view | History |
| 198 | Alfalah GHP Investment Management Limited | Asset Management | AMR | 22-Feb-11 | AM3 | Maintain | Positive | view | view | History | |
| 199 | Asia Insurance Company Limited | Insurance | IFS | 10-Feb-11 | BBB | Initial | Stable | view | view | History | |
| 200 | Askari Islamic Income Fund | Income Funds | Stability Rating | 02-Feb-11 | AA-(f) | Upgrade | Stable | view | - | History | |
| 201 | Askari Sovereign Cash Fund | Money Market Funds | Stability Rating | 02-Feb-11 | AA+(f) | Maintain | Stable | view | - | History | |
| 202 | MCB Sarmaya Mahfooz Fund-I | Capital Protected Fund | Capital Protection | 27-Jan-11 | AA+(cp) | Initial | Stable | view | - | History | |
| 203 | First Punjab Modaraba | Modaraba | Entity | 13-Jan-11 | A- | A2 | Maintain | Negative | view | view | History |
| 204 | Pakistan State Oil Company Limited | Oil & Gas | Entity | 13-Jan-11 | AA+ | A1+ | Maintain | Stable | view | view | History |
| 205 | Pak Oman Advantage Fund | Income Funds | Stability Rating | 13-Jan-11 | AA-(f) | Maintain | Stable | view | - | History | |
| 206 | Pak Oman Advantage Islamic Income Fund | Income Funds | Stability Rating | 13-Jan-11 | A+(f) | Maintain | Stable | view | - | History | |
| 207 | Alfalah GHP Income Multiplier Fund | Income Funds | Stability Rating | 10-Jan-11 | BBB+(f) | Initial | Stable | view | - | History | |
| 208 | MetroBank-Pakistan Sovereign Fund | Income Funds | Stability Rating | 10-Jan-11 | AA(f) | Maintain | Stable | view | - | History | |
| 209 | NAFA Income Fund | Income Funds | Stability Rating | 10-Jan-11 | A-(f) | Downgrade | Stable | view | - | History | |
| 210 | NAFA Islamic Aggressive Income Fund | Income Funds | Stability Rating | 10-Jan-11 | BBB(f) | Upgrade | Stable | view | - | History | |
| 211 | NAFA Saving Plus Fund | Income Funds | Stability Rating | 10-Jan-11 | AA-(f) | Maintain | Stable | view | - | History | |
| 212 | Pakistan Income Enhancement Fund | Income Funds | Stability Rating | 10-Jan-11 | AA-(f) | Upgrade | Stable | view | - | History | |
| 213 | Pakistan Income Fund | Income Funds | Stability Rating | 10-Jan-11 | AA-(f) | Maintain | Stable | view | - | History | |
| 214 | Alfalah GHP Cash Fund | Money Market Funds | Stability Rating | 10-Jan-11 | AA+(f) | Upgrade | Stable | view | - | History | |
| 215 | NAFA Government Securities Liquid Fund | Money Market Funds | Stability Rating | 10-Jan-11 | AAA(f) | Maintain | Stable | view | - | History | |
| 216 | NAFA Income Opportunity Fund | Money Market Funds | Stability Rating | 10-Jan-11 | A(f) | Downgrade | Stable | view | - | History | |
| 217 | Pakistan Cash Management Fund | Money Market Funds | Stability Rating | 10-Jan-11 | AAA(f) | Maintain | Stable | view | - | History | |
| 218 | Modaraba Al-Mali | Modaraba | Entity | 07-Jan-11 | A- | A2 | Maintain | Stable | view | view | History |
| 219 | JS Income Fund | Income Funds | Stability Rating | 07-Jan-11 | A+(f) | Downgrade | Stable | view | - | History | |
| 220 | Sui Northern Gas Pipelines Limited | Oil & Gas | Entity | 07-Jan-11 | AA | A1+ | Maintain | Stable | view | view | History |
| 221 | Saif Power Limited | Energy | Entity | 30-Dec-10 | AA- | A1+ | Initial | Stable | view | view | History |
| 222 | Atlas Income Fund | Income Funds | Stability Rating | 28-Dec-10 | A+(f) | Maintain | Stable | view | - | History | |
| 223 | Atlas Islamic Income Fund | Income Funds | Stability Rating | 28-Dec-10 | AA-(f) | Maintain | Stable | view | - | History | |
| 224 | Atlas Money Market Fund | Money Market Funds | Stability Rating | 28-Dec-10 | AA+(f) | Upgrade | Stable | view | - | History | |
| 225 | Pak Arab Refinery Limited | Oil & Gas | Entity | 29-Nov-10 | AAA | A1+ | Maintain | Stable | view | view | History |
| 226 | NI(U)T | Equity Funds (Open -End) | Fund Ranking | 28-Sep-10 | 2-STAR | 3-STAR | Initial | Stable | view | - | History |