Financial Institutions

Brokerage & Securities Firms

Name Date Sector Long Term Short Term Outlook Action
Adam Securities Limited 1/13/2020 BMR BMR2 Stable Upgrade
AKD Securities Limited 4/8/2020 BMR BMR2++ Stable Reaffirmed
BIPL Securities Limited 3/31/2020 BMR BMR2+ Stable Reaffirmed
BMA Capital Management Limited 3/27/2020 BMR BMR2+ Stable Reaffirmed
Foundation Securities Private Limited 5/20/2020 BMR BMR2 Stable Reaffirmed
Integrated Equities Limited 1/9/2020 BMR BMR3++ Stable Reaffirmed
Intermarket Securities Limited 3/5/2020 BMR BMR2 Stable Reaffirmed
MRA Securities Limited 4/10/2020 BMR BMR2 Stable Initial
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 3/13/2020 BMR BMR2 Stable Initial
Next Capital Limited 4/8/2020 BMR BMR2++ Stable Reaffirmed
Pearl Securities Limited 10/22/2019 BMR BMR2 Stable Initial
Topline Securities Limited 5/14/2020 BMR BMR2+ Stable Upgrade