Name Date Rating Type Long Term Short Term Outlook Action
Linde Pakistan Limited 1/19/2017
Entity
A
   A-2
Stable
Note
Sindh Modaraba 1/16/2017
Entity
A+
   A-1
Stable
Initial
International Industries Ltd 1/13/2017
Entity
AA-
   A-1
Stable
Initial
International Steel Limited 1/13/2017
Entity
A+
   A-1
Stable
Initial
HBL Income Fund 1/11/2017
Fund Stability
A(f)
  
Reaffirmed
FINCA Microfinance Bank Limited (Formerly KASHF Microfinace Bank Ltd.) 1/9/2017
Entity
A
   A-1
Stable
Upgrade
PICIC Cash Fund 1/5/2017
Fund Stability
AA(f)
  
Reaffirmed
PICIC Islamic Income Fund 1/5/2017
Fund Stability
A+(f)
  
Upgrade
PICIC Income Fund 1/5/2017
Fund Stability
A(f)
  
Reaffirmed
HBL Money Market Fund 1/5/2017
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
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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.