Financial Institutions

Brokerage & Securities Firms

Name Date Sector Long Term Short Term Outlook Action
Adam Securities Limited 1/9/2019 BMR BMR3++ Stable Reaffirmed
AKD Securities Limited 12/20/2017 BMR BMR2++ Stable Initial
BIPL Securities Limited 12/28/2018 BMR BMR2+ Stable Reaffirmed
BMA Capital Management Limited 12/8/2017 BMR BMR2+ Stable Initial
Foundation Securities Private Limited 5/28/2018 BMR BMR2 Stable Initial
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
Next Capital Limited 2/23/2018 BMR BMR2++ Stable Initial
Topline Securities Limited (Formerly Topline Securities Pvt. Limited) 11/7/2017 BMR BMR2 Stable Initial