Name Date Rating Type Long Term Short Term Outlook Action
Oil & Gas Development Company Limited 2/15/2019 Entity AAA    A-1+ Stable Reaffirmed
Magnus Investment Advisors Limited 2/14/2019 Management Quality AM2+    Stable Upgrade
Umar Spinning Mills (Pvt.) Limited 2/13/2019 Entity BBB+    A-2 Stable Initial
Allied Bank of Pakistan Limited - CGR 2/11/2019 CGR CGR 9+    Reaffirmed
Frontier Foundary Steel (Pvt.) Limited (Formerly: Frontier Foundary Pvt. Limited) 2/11/2019 Entity A-    A-2 Stable Initial
Rural Community Development Programs 2/8/2019 Entity BBB    A-3 Stable Initial
Elixir Securities Pakistan (Pvt.) Limited 2/8/2019 Entity BBB    A-3 Stable Reaffirmed
Metco Textile (Pvt.) Limited 2/8/2019 Entity A-    A-2 Stable Initial
Topline Securities Limited (Formerly Topline Securities Pvt. Limited) 2/6/2019 BMR BMR2    Stable Reaffirmed
Kompass Pakistan (Pvt) Ltd 2/1/2019 Entity BBB+    A-2 Stable Initial
Summit Bank Limited 2/1/2019 Entity    Suspended
Rating Process
In order to provide independent evaluations of their credit-worthiness or the credit risk of their debt issue, an entity may choose to have a credit rating assigned to themselves. A step-by-step process is followed to fully assess the issuer’s credit quality and arrive at a rating.Read More
Understanding Ratings
A credit rating is an assessment of the ability and willingness of an entity to fulfill its financial commitments. It is a measure of the credit worthiness of an issuer and can be used by investors to help make investment decisions when comparing different issuers and debt issues.