Ratings that Matter

Faheem Ahmad

Founder VIS Group

President & CEO

JCRVIS Credit Rating Company Limited


Chairman

Association of Credit Rating Agencies in Asia


President - Strategic

Planning and Global Relationships

Islamic International Rating Agency

Serving the Islamic Ummah

Islamic International Rating Agency, Bahrain

Founder Shareholder and Technical Partners

JCR-VIS Credit Rating Company


JCR-VIS Assigns Initial Ratings to Thatta Cement Company Limited JCR-VIS Assigns Ratings to Quaid-e-Azam Solar Power (Private) Limited JCR-VIS Reaffirms Entity ratings of Arif Habib Limited JCR-VIS Reaffirms Entity Ratings of KotAddu Power Company Limited JCR-VIS Reaffirms IFS Rating of Jubilee General Insurance Company Limited JCR-VIS Reaffirms Ratings of Grays Leasing Limited JCR-VIS Upgrades Corporate Governance Rating of Allied Bank Limited JCR-VIS Upgrades IFS Rating of The Co-operative Insurance Society of Pakistan Limited Update on Ratings of K-Electric Limited
Name Date Rating Type Long Term Short Term Outlook Action
Thatta Cement Company Ltd 11/30/2016
Entity
A-
   A-2
Stable
Initial
Arif Habib Limited 11/29/2016
Entity
AA-
   A-1
Stable
Reaffirmed
Kot Addu Power Co. Ltd. 11/28/2016
Entity
AA+
   A-1+
Stable
Reaffirmed
Quaid-e-Azam Solar Power (Pvt.) Limited 11/17/2016
Entity
AA-
   A-1
Stable
Initial
Allied Bank of Pakistan Limited - CGR 11/9/2016
CGR
CGR 9+
  
Upgrade
Grays Leasing Limited 11/9/2016
Entity
BB-
   B
Stable
Reaffirmed
Jubilee General Insurance Company Limited 11/8/2016
IFS
AA+
  
Stable
Reaffirmed
The Co-operative Insurance Society of Pakistan Limited 11/8/2016
IFS
BB
  
Stable
Upgrade
K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) 11/3/2016
Sukuk 4
AA+
  
Stable
Note
K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) 11/3/2016
Sukuk 3
AA
  
Stable
Note
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
News-Box
  • JCR-VIS Assigns AAA to UBL  
  • JCR-VIS Participates in ACRAA Training Workshop  
  • Rating Methodology  
  • Sector Studies for Life Insurance  
  • JCR-VIS Inaugurates New Office Building in Lahore  
  • IIRA Announces Rating Review on Turkey  

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.