Corporates

Steel & Allied Products

Name Date Rating Type Long Term Short Term Outlook Action
Agha Steel Industries 1/18/2021 Entity A A-2 Stable Upgrade
Agha Steel Industries 1/18/2021 Sukuk 1 A+ Stable Upgrade
Aisha Steel Mills Limited 1/15/2021 Entity A- A-2 Stable Maintained
Crescent Steel & Allied Products Limited 6/25/2021 Entity A- A-2 Stable Reaffirmed
Crescent Steel & Allied Products Limited 12/8/2021 Sukuk 1 A- Stable Preliminary
Faizan Steel 1/10/2022 Entity BBB+ A-2 Stable Initial
Frontier Foundary Steel (Pvt) Limited 11/1/2021 Entity A A-1 Stable Upgrade
International Industries Limited 3/12/2021 Entity AA- A-1 Stable Maintained
International Steels Limited 3/12/2021 Entity A+ A-1 Stable Maintained
Mehboob Steel Pipe Industry 1/10/2022 Entity BBB- A-2 Stable Initial
Mughal Iron & Steel Industries Limited 12/28/2021 Entity A+ A-1 Stable Upgrade
Mughal Iron & Steel Industries Limited 12/28/2021 Sukuk 1 A+ Stable Reaffirmed
Mughal Iron & Steel Industries Limited 12/28/2021 CP A-2 Reaffirmed
Razaque Steels (Pvt) Limited 5/24/2021 Entity BBB- A-3 Stable Reaffirmed