Financial Institutions

Brokerage & Securities Firms

Name Date Rating Type Long Term Short Term Outlook Action
Adam Securities Limited 4/3/2017 Entity BB A-3 Stable Reaffirmed
AKD Securities Limited 8/2/2016 Entity A A-2 Stable Downgrade
Arif Habib Limited 11/29/2016 Entity AA- A-1 Stable Reaffirmed
BMA Capital Management Limited 10/5/2016 Entity A- A-2 Stable Initial
Concordia Securities Pvt. Limited 3/7/2017 Entity BB+ A-3 Stable Reaffirmed
Dawood Equities Limited 6/23/2017 Entity BB- A-3 Stable Downgrade
Elixir Securities Pakistan (Pvt.) Limited 4/10/2017 Entity BBB A-3 Stable Initial
Intermarket Securities Limited 2/21/2017 Entity BBB+ A-2 Stable Reaffirmed
Next Capital Limited 1/19/2016 Entity A- A-2 Stable Initial
Pearl Securities Limited 2/16/2017 Entity BBB A-3 Negative Maintained
RFJ Equity (Pvt.) Limited 3/7/2017 Entity BB A-3 Stable Reaffirmed
Taurus Securities Limited 6/28/2016 Entity A A-2 Stable Reaffirmed
Topline Securities Limited (Formerly Topline Securities Pvt. Limited) 7/19/2017 Entity A- A-2 Stable Reaffirmed