Corporates

Steel & Allied Products
Name Date Rating Type Long Term Short Term Outlook Action
Agha Steel Industries 3/1/2019 Sukuk 1 A+ Stable Reaffirmed
Agha Steel Industries 3/1/2019 Entity A A-1 Stable Reaffirmed
Aisha Steel Mills Limited 10/2/2018 Entity A- A-2 Stable Reaffirmed
Crescent Steel & Allied Products Limited 12/26/2018 Sukuk 1 A+ Stable Preliminary
Crescent Steel & Allied Products Limited 12/26/2018 Entity A A-2 Stable Downgrade
Ferrous Engineering Industry 5/23/2019 Entity BBB- A-2 Stable Initial
Frontier Foundary Steel (Pvt.) Limited (Formerly: Frontier Foundary Pvt. Limited) 2/11/2019 Entity A- A-2 Stable Initial
International Industries Limited 6/21/2019 Entity AA- A-1 Stable Reaffirmed
International Steels Limited 6/21/2019 Entity A+ A-1 Stable Reaffirmed
Mannan Shahid Forgings Limited 4/18/2019 Entity A- A-2 Stable Initial
Mehboob Steel Pipe Industry 8/27/2019 Entity BBB- A-2 Stable Initial
Razaque Steels (Pvt.) Limited 11/19/2018 Entity BBB- A-3 Stable Initial