PACRA Upgrades Stability Rating of First Habib Income Fund

Lahore, March 05, 2021 (PPI-OT): The rating of First Habib Income Fund (or the “Fund”) reflects the funds medium risk profile and also captures the objective of the Fund to provide reasonable rate of return consistent with reasonable concern for safety of principal amount to the Unit Holders. During 6MCY20, the asset allocation of the fund ~75% remained in AAA rated banks/Govt. Securities, which reduced tRead More…

PACRA Upgrades Stability Rating of First Habib Income Fund

Lahore, March 05, 2021 (PPI-OT): The rating of First Habib Income Fund (or the “Fund”) reflects the funds medium risk profile and also captures the objective of the Fund to provide reasonable rate of return consistent with reasonable concern for safety of principal amount to the Unit Holders. During 6MCY20, the asset allocation of the fund ~75% remained in AAA rated banks/Govt. Securities, which reduced tRead More…

PACRA maintains Entity Ratings of D.G. Khan Cement Company Limited

Lahore, March 05, 2021 (PPI-OT): DG Khan Cement’s ratings reflect the company’s strong position in the cement industry emanating from its third highest market share of ~10% in terms of installed cement capacity. The cement sector’s despatches have recorded splendid growth over the five-month period (Aug-Dec); surged around 16% to 28.6mln tons in the first half of the current fiscal year 20-21 as demand in the dRead More…

PACRA Maintains Stability Rating of AKD Aggressive Income Fund

Lahore, March 05, 2021 (PPI-OT): AKD Aggressive Income Fund (or the “Fund”) is a dedicated fund that focuses primarily on fixed income securities and instruments. The Fund is restricted to invest in avenues having rating not less than “A+” (Single A Plus). The credit quality is expected to remain strong. Investment in these securities would also improve the liquidity profile of the fund, givenRead More…

PACRA Maintains Stability Rating of AKD Aggressive Income Fund

Lahore, March 05, 2021 (PPI-OT): AKD Aggressive Income Fund (or the “Fund”) is a dedicated fund that focuses primarily on fixed income securities and instruments. The Fund is restricted to invest in avenues having rating not less than “A+” (Single A Plus). The credit quality is expected to remain strong. Investment in these securities would also improve the liquidity profile of the fund, givenRead More…

PACRA Upgrades Entity Ratings of Brainchild Communications Pakistan (Private) Limited

Lahore, March 05, 2021 (PPI-OT): The ratings reflect Brainchild’s ability to uphold its relative market position in its respective niche of the advertising arena. With a portfolio of sound multinational clientele, the Bee Squared Group (Brainchild, Blitz and Z2C Pakistan), grasps a prominent position in the related market. Strength is derived from the diverse yet competing customer base of the companies. Sponsor acRead More…

PACRA Assigns Initial Entity Ratings to Liberty Wind Power 2 Limited

Lahore, March 05, 2021 (PPI-OT): Liberty Mills Limited is setting up a 50MW wind power plant “Liberty Wind Power 2 Limited” in Jhimpir, District Thatta, Sindh. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 200MW RFO based Power Plant (Liberty Power tech Limited). The required commercial operations date as defined under EPA is fifteen months from constrRead More…

PACRA Assigns Initial Entity Ratings to Liberty Wind Power 2 Limited

Lahore, March 05, 2021 (PPI-OT): Liberty Mills Limited is setting up a 50MW wind power plant “Liberty Wind Power 2 Limited” in Jhimpir, District Thatta, Sindh. The ratings incorporate the Group’s previous experience in successfully commissioning and operating a 200MW RFO based Power Plant (Liberty Power tech Limited). The required commercial operations date as defined under EPA is fifteen months from constrRead More…

PACRA Maintains Entity Ratings of ORIX Modaraba

Lahore, March 05, 2021 (PPI-OT): The ratings reflect the extensive experience of ORIXM management in the financial services industry, stable assets quality, and adequate capital position necessary to manage the current scale of operations. ORIX Modaraba (ORIXM) enjoys a sound financial profile emanating from leveraging, managed liquidity, and sustained profitability. The Modaraba’s operation with Orix Leasing proviRead More…