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The Pakistan Credit Rating Agency Limited

Date
06-Oct-2017
Analysts
Jhangeer Hanif
jhangeer@pacra.com

Muneeb Rashid
muneeb.rashid@pacra.com

+92-42-35869504
www.pacra.com
Applicable Criteria

  • Debt Instruments Rating Methodology (Jun 17) [View]
  • Corporate Rating Methodology (Jul 17) [View]
  • Correlation between long-term and short-term rating scale (Jun 17) [View]
Disclaimer
This press release is being
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media. The press release may be used
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meaning or context thereof with
due credit to PACRA
Azm Certificate (TFC-III) Issued by K-Electric Limited Fully Redeemed: Rating Withdrawn
 IssuerK-Electric Limited
 InstrumentTFC-III
 AmountPKR 500mln
 Issuance Date13-Aug-2012
 Tenure5 Years
 Redumption Date12-Aug-2017
 Outstanding Amount-

 Rating Type Debt Instrument
Current
(06-Oct-2017-)
Previous
(30-Mar-2017)
 Action Redeem Maintain
 Long Term  AA+
 Short Term  -
 Outlook - Stable
 Rating Watch - -

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.
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