JCR-VIS Reaffirms Entity Ratings of Sindh Modaraba

Karachi, February 22, 2019 (PPI-OT): JCR-VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Sindh Modaraba (SM) at ‘A+/A-1’ (Single A Plus/A-One). The long term rating signifies good credit quality with adequate protection factors. Risk may vary slightly from time to time because of economic conditions. Short term rating of ‘A-1’ depicts high certainty of timely payment where liquidiRead More…

JCR-VIS Credit Rating Company Reaffirms Entity Ratings of Bhanero Textile Mills Limited

Karachi, February 21, 2019 (PPI-OT): JCR-VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Bhanero Textile Mills Limited (BHAT) at ‘A+/A-1’ (Single A Plus/A-One). Long Term Rating of A+ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of A-1 indicates high certainty of timely payment, excellent liquiRead More…

JCR-VIS Credit Rating Company Reaffirms Entity Ratings of Faisal Spinning Mills Limited

Karachi, February 21, 2019 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Faisal Spinning Mills Limited (FSML) at ‘A/A-1’ (Single A/A-One). Long Term Rating of A- reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of A-1 indicates high certainty of timely payment, excellent liquidity factorRead More…

JCR-VIS Credit Rating Company Reaffirm Entity Ratings of Blessed Textiles Limited

Karachi, February 21, 2019 (PPI-OT): JCR-VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Blessed Textiles Limited (BTL) at ‘A-/A-1’ (Single A Minus/A-One). Long Term Rating of A- reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy. Short Term Rating of A-1 indicates high certainty of timely payment, excellent liquidity Read More…

VIS Credit Rating Company Assigns Initial Ratings of Faran Sugar Mills Limited

Karachi, February 20, 2019 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned the initial entity ratings to Faran Sugar Mills Limited (FSML) at ‘A-/A-2’ (A minus/A – Two). The long term rating signifies good credit quality with adequate protection factors. Risk factors are considered variable if changes occur in the economy. Short term rating of ‘A-2’ depicts good certainty of timely paymentRead More…

JCR-VIS Reaffirms Broker Management Rating of Topline Securities Limited

Karachi, February 06, 2019 (PPI-OT): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Broker Management Rating of Topline Securities Limited (TSPL) at ‘BMR2’. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on November 7, 2017. The rating signifies strong HR and IT services; sound external control and risk management along with adequate regulatory complianceRead More…

JCR-VIS Withdraws Entity Ratings of Thatta Cement Company Limited

Karachi, January 30, 2019 (PPI-OT): JCR-VIS Credit Rating Company Limited has withdrawn the entity ratings of A-/A-2 (Single A Minus/A-Two) assigned to Thatta Cement Company Limited (TCCL) with immediate effect on account of management’s decision to discontinue the ratings.
For more information, contact:
Director Compliance and Rating Analytics,
JCR-VIS Credit Rating Company Limited
VIS House, 128/C, 25th Lane off Read More…

JCR-VIS Assigns Initial Ratings to Siara Textile Mills (Private) Limited

Karachi, January 28, 2019 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) to Siara Textile Mills (Pvt.) Limited (STML). The medium to long-term rating of ‘BBB-’ denotes adequate credit quality coupled with reasonable protection factors. Moreover, risk factors are considered variable with possible changes in the economy. The shorRead More…

JCR-VIS Reaffirms Corporate Governance Rating of Pakistan Kuwait Investment Company (Private) Limited at CGR-9

Karachi, January 25, 2019 (PPI-OT): JCR-VIS Credit Rating Co. Ltd. has reaffirmed the Corporate Governance Rating of Pakistan Kuwait Investment Company (Private) Limited (PKIC) at ‘CGR-9’. The previous rating action was announced on December 29, 2017.
The assigned rating incorporates the sound governance structure of PKIC, in context of Joint Venture Agreement (JVA) between the two sponsoring sovereigns, GovernmeRead More…

JCR-VIS Reaffirms Broker Management Rating of BMA Capital Management Limited

Karachi, January 24, 2019 (PPI-OT): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the Broker Management Rating of BMA Capital Management Limited (BMA) at ‘BMR2+’. Outlook on the assigned rating is ‘Stable’. The previous rating action was announced on December 8, 2017. The rating signifies strong internal controls, client relationship and HR and IT services; sound regulatory compliance levels, exRead More…