Financial Institutions

Brokerage & Securities Firms

Name Date Rating Type Long Term Short Term Outlook Action
Adam Securities Limited 2/18/2020 Entity BBB+ A-2 Stable Upgrade
Adam Securities Limited 1/13/2020 BMR BMR2 Stable Upgrade
AKD Securities Limited 9/27/2019 Entity A A-2 Stable Reaffirmed
AKD Securities Limited 3/4/2019 BMR BMR2++ Stable Reaffirmed
Arif Habib Limited 1/17/2019 Entity AA- A-1 Stable Reaffirmed
BIPL Securities Limited 2/19/2019 Entity A- A-2 Negative Maintained
BIPL Securities Limited 3/31/2020 BMR BMR2+ Stable Reaffirmed
BMA Capital Management Limited 4/2/2019 Entity A- A-2 Negative Maintained
BMA Capital Management Limited 3/27/2020 BMR BMR2+ Stable Reaffirmed
Elixir Securities Pakistan (Pvt.) Limited 2/8/2019 Entity BBB A-3 Stable Reaffirmed
Foundation Securities Private Limited 4/1/2019 Entity A- A-2 Negative Maintained
Foundation Securities Private Limited 7/10/2019 BMR BMR2 Stable Reaffirmed
Integrated Equities Limited 1/9/2020 BMR BMR3++ Stable Reaffirmed
Intermarket Securities Limited 9/5/2019 Entity A- A-2 Stable Upgrade
Intermarket Securities Limited 3/5/2020 BMR BMR2 Stable Reaffirmed
MRA Securities Limited 2/4/2020 Entity A- A-2 Stable Initial
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 3/13/2020 BMR BMR2 Stable Initial
Next Capital Limited 4/10/2019 Entity A- A-2 Stable Reaffirmed
Next Capital Limited 2/26/2019 BMR BMR2++ Stable Reaffirmed
Pearl Securities Limited 10/22/2019 BMR BMR2 Stable Initial
Taurus Securities Limited 12/3/2019 Entity A A-2 Stable Reaffirmed
Topline Securities Limited 1/18/2019 Entity A- A-2 Stable Reaffirmed
Topline Securities Limited 2/6/2019 BMR BMR2 Stable Reaffirmed