Corporates

Power Companies

Name Date Rating Type Long Term Short Term Outlook Action
Artistic Energy (Pvt) Ltd 4/9/2019 Entity A A-1 Stable Reaffirmed
Engro Powergen Qadirpur Limited 4/23/2019 Entity AA- A-1 Stable Initial
FFBL Power Company Ltd 9/12/2019 Entity AA- A-1 Stable Reaffirmed
Foundation Wind Energy - II Limited 6/28/2019 Entity A+ A-1 Stable Reaffirmed
Foundation Wind Energy I Limited 6/28/2019 Entity A+ A-1 Stable Reaffirmed
Gharo Solar (Pvt) Ltd 5/3/2019 Entity A- A-2 Stable Initial
K-Electric Limited 2/25/2019 Entity AA A-1 Rating Watch - Developing Reaffirmed
K-Electric Limited 9/12/2019 CP-3 A-1 Final
K-Electric Limited 2/25/2019 Sukuk 4 AA+ Rating Watch - Developing Reaffirmed
Kot Addu Power Co. Ltd. 12/31/2018 Entity AA+ A-1+ Stable Reaffirmed
National Power Parks Management Company Private Limited 12/31/2018 Entity AA+ A-1+ Stable Reaffirmed
Neelum Jhelum Hydropower Company (Pvt) Ltd 1/2/2019 Sukuk 1 AAA Stable Reaffirmed
Quaid-e-Azam Solar Power (Pvt.) Limited 3/4/2019 Entity AA- A-1 Positive Maintained
Quaid-e-Azam Thermal Power (Pvt.) Limited 7/4/2019 Entity AA A-1+ Stable Reaffirmed
Rousch (Pakistan) Power Limited 6/28/2019 Entity AA- A-1 Stable Initial
Sindh Nooriabad Power Company Limited 11/15/2018 Sukuk 1 A+ Stable Preliminary
Sindh Nooriabad Power Company Limited 11/15/2018 TFC-1 A Stable Upgrade
Sindh Nooriabad Power Company Phase-II (Pvt.) Limited 11/15/2018 TFC-2 A Stable Upgrade
Sindh Nooriabad Power Company Phase-II (Pvt.) Limited 11/15/2018 Sukuk 1 A+ Stable Preliminary
Yunus Energy Limited 4/11/2019 Entity A+ A-1 Stable Initial
Zephyr Power (Pvt) Limited 8/26/2019 Entity A- A-2 Stable Reaffirmed