Corporates

Auto & Allied

Name Date Rating Type Long Term Short Term Outlook Action
Agriauto Industries Limited 11/16/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
Agriauto Stamping Company (Pvt) Limited 3/29/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Al-Ghazi Tractors Ltd. 9/18/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
Indus Motor Company Ltd 10/2/2023 Entity
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Stable Reaffirmed
Master Changan Motors Limited 1/23/2024 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
Master Motor Corporation (Pvt) Limited 1/26/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Negative Maintained
Omar Jibran Engineering Industries Limited 2/19/2024 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2 Stable Downgrade
Procon Engineering (Pvt) Limited 1/26/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Negative Maintained
Sazgar Engineering Works Limited 1/25/2024 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Thal Limited 1/15/2024 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Stable Reaffirmed