Name Date Rating Type Long Term Short Term Outlook Action
Aspin Pharma (Private) Limited 10/18/2017 Sukuk 1 A    Stable Preliminary
Aspin Pharma (Private) Limited 10/18/2017 Entity A    A-2 Stable Initial
BIPL Securities Limited 10/17/2017 BMR BMR2+    Stable Initial
Universal Leather Pvt. Ltd. 10/16/2017 Entity BBB    A-3 Negative Downgrade
Faysal Asset Management Limited 10/12/2017 Management Quality AM3+    Stable Downgrade
Mima Leather (Pvt) Ltd. 10/9/2017 Entity BBB-    A-3 Negative Downgrade
BIPL Securities Limited 10/9/2017 Entity A-    A-2 Stable Initial
Intermarket Securities Limited 10/6/2017 BMR BMR2    Stable Initial
Aisha Steel Mills Limited 10/5/2017 Entity A-    A-2 Stable Initial
Allied Rental Modaraba 10/2/2017 Entity A+    A-1 Stable 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.