Corporates

Power Companies

Name Date Rating Type Long Term Short Term Outlook Action
AJ Power (Pvt) Ltd 2/23/2021 Entity A- A-2 Stable Initial
Artistic Energy (Pvt) Ltd 3/16/2021 Entity A+ A-1 Stable Upgrade
Artistic Wind Power Pvt Ltd 3/16/2021 Entity A- A-2 Stable Reaffirmed
Engro Powergen Qadirpur Limited 6/23/2021 Entity AA- A-1 Stable Reaffirmed
FFBL Power Company Ltd 10/4/2021 Entity AA- A-1 Stable Reaffirmed
Gharo Solar Ltd 10/27/2021 Entity A A-1 Stable Upgrade
Indus Wind Energy Limited 3/19/2021 Entity A- A-2 Stable Initial
K-Electric Limited 4/28/2021 Entity AA A-1+ Stable Reaffirmed
K-Electric Limited 7/26/2021 Sukuk 4 AA+ Stable Reaffirmed
K-Electric Limited 4/28/2021 Sukuk 5 AA+ Stable Reaffirmed
K-Electric Limited 7/9/2021 ICP-19 A-1+ Preliminary
K-Electric Limited 7/26/2021 ICP-20 A-1+ Preliminary
K-Electric Limited 10/28/2021 ICP-23 A-1+ Preliminary
K-Electric Limited 11/11/2021 ICP-24 A-1+ Preliminary
Kot Addu Power Company Limited 12/10/2021 Entity AA+ A-1+ Rating Watch - Developing Maintained
Mughal Energy Limited 7/14/2021 Entity A- A-2 Stable Initial
NASDA Green Energy 12/4/2020 Entity A- A-2 Stable Initial
National Power Parks Management Company (Pvt) Limited 12/24/2021 Entity AA+ A-1+ Rating Watch - Developing Reaffirmed
Neelum Jhelum Hydropower Company (Pvt) Ltd 1/12/2022 Sukuk 1 AAA Stable Reaffirmed
Punjab Thermal Power (Pvt) Limited 7/1/2021 Entity AA- A-1 Stable Reaffirmed
Quaid-e-Azam Solar Power (Pvt) Limited 6/24/2021 Entity AA A-1+ Stable Reaffirmed
Quaid-e-Azam Thermal Power (Pvt) Limited 5/24/2021 Entity AA A-1 Stable Reaffirmed
Rousch (Pakistan) Power Limited 6/24/2021 Entity AA A-1 Stable Reaffirmed
Thal Power (Pvt) Limited 1/17/2022 Entity AA A-1+ Stable Reaffirmed
Tricom Wind Power (Pvt) Limited 11/8/2021 Entity A A-2 Stable Initial
Yunus Energy Limited 3/1/2021 Entity A+ A-1 Stable Reaffirmed
Zephyr Power Limited 12/31/2021 Entity A A-2 Stable Reaffirmed
Zhenfa Pakistan New Energy Company Limited 12/3/2021 Entity A- A-2 Stable Initial