Name Date Rating Type Long Term Short Term Outlook Action
Madina Sugar Mills Limited 10/22/2020 Entity A-    A-2 Stable Reaffirmed
Avanceon Limited 10/21/2020 Entity    Withdrawn
FFBL Power Company Ltd 10/20/2020 Entity AA-    A-1 Stable Reaffirmed
International Industries Limited 10/20/2020 Entity AA-    A-1 Rating Watch - Negative Maintained
International Steels Limited 10/20/2020 Entity A+    A-1 Rating Watch - Negative Maintained
Alpha Insurance Company Limited 10/20/2020 IFS A    Negative Reaffirmed
Aspin Pharma (Private) Limited 10/19/2020 Sukuk 1 A    Stable Reaffirmed
Aspin Pharma (Private) Limited 10/19/2020 Entity A    A-2 Stable Reaffirmed
Al Ameen Islamic Aggressive Income Fund 10/16/2020 Fund Stability A(f)    Stable Upgrade
UBL Income Opportunity Fund 10/16/2020 Fund Stability A(f)    Stable Upgrade

Informed Investment Decision Making Along CPEC