Financial Institutions

Brokerage & Securities Firms

Name Date Rating Type Long Term Short Term Outlook Action
Adam Securities Limited 1/9/2019 BMR BMR3++ Stable Reaffirmed
Adam Securities Limited 7/26/2019 Entity BBB A-3 Stable Upgrade
AKD Securities Limited 3/4/2019 BMR BMR2++ Stable Reaffirmed
AKD Securities Limited 1/19/2018 Entity A A-2 Stable Reaffirmed
Arif Habib Limited 1/17/2019 Entity AA- A-1 Stable Reaffirmed
BIPL Securities Limited 12/28/2018 BMR BMR2+ Stable Reaffirmed
BIPL Securities Limited 2/19/2019 Entity A- A-2 Negative Maintained
BMA Capital Management Limited 1/24/2019 BMR BMR2+ Stable Reaffirmed
BMA Capital Management Limited 4/2/2019 Entity A- A-2 Negative Maintained
Dawood Equities Limited 3/4/2019 Entity Suspended
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 (Formerly: Integrated Equities Private Limited) 12/7/2018 BMR BMR3++ Stable Reaffirmed
Intermarket Securities Limited 12/14/2018 BMR BMR2 Stable Reaffirmed
Intermarket Securities Limited 9/5/2019 Entity A- A-2 Stable Upgrade
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 12/6/2018 Entity BBB- A-3 Negative Downgrade
Taurus Securities Limited 12/31/2018 Entity A A-2 Stable Reaffirmed
Topline Securities Limited (Formerly Topline Securities Pvt. Limited) 2/6/2019 BMR BMR2 Stable Reaffirmed
Topline Securities Limited (Formerly Topline Securities Pvt. Limited) 1/18/2019 Entity A- A-2 Stable Reaffirmed