Name Date Rating Type Long Term Short Term Outlook Action
Engro Polymer & Chemicals Ltd. 7/19/2018 Entity AA-    A-1+ Stable Initial
Pak-Qatar Family Takaful Limited 7/18/2018 IFS A+    Stable Upgrade
Al Makkah Oil Refinery Ltd 7/12/2018 Entity BBB-    A-2 Stable Initial
Pan Asia Food Products (Pvt) Ltd 7/12/2018 Entity BBB    A-2 Stable Initial
Sindh Bank Ltd 7/10/2018 Entity AA    A-1+ Rating Watch - Developing Note
Summit Bank Limited 7/10/2018 Entity A-    A-1 Rating Watch - Developing Note
United Bank Limited 7/10/2018 Entity AAA    A-1+ Stable Note
Mega Conglomerate (Pvt.) Ltd 7/10/2018 Entity AA-    A-1 Stable Initial
Askari Sovereign Yield Enhancer 7/5/2018 Fund Stability A+(f)    Reaffirmed
Askari Cash Fund (Formerly:Askari Sovereign Cash Fund) 7/5/2018 Fund Stability AA+(f)    Reaffirmed
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.