Name Date Rating Type Long Term Short Term Outlook Action
International Brands Limited 5/21/2020 Entity A    A-2 Stable Reaffirmed
International Brands Limited 5/21/2020 Sukuk 1 AA    Rating Watch - Developing Maintained
Procon Engineering (Pvt) Limited 5/21/2020 Entity A    A-2 Rating Watch - Negative Maintained
Master Motor Corporation (Pvt) Limited 5/21/2020 Entity A-    A-2 Rating Watch - Negative Maintained
Automobile Corporation of Pakistan (Pvt.) Limited 5/21/2020 Entity BBB    A-2 Rating Watch - Negative Maintained
Foundation Securities Private Limited 5/20/2020 BMR BMR2    Stable Reaffirmed
Growrth Securities (Pvt.) Limited 5/19/2020 Entity A-    A-2 Stable Initial
Sania Enterprises 5/19/2020 Entity BBB-    A-3 Rating Watch - Negative Maintained
FM Express 5/19/2020 Entity BBB    A-3 Rating Watch - Negative Maintained
Two Star Industries (pvt.) Limited 5/16/2020 Entity BBB+    A-2 Stable Downgrade

Informed Investment Decision Making Along CPEC