Corporates

Chemicals

Name Date Rating Type Long Term Short Term Outlook Action
Archroma Pakistan Ltd 1/31/2023 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
Gamalux Oleochemicals Limited 7/12/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Ittehad Chemicals Limited 3/30/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Maintained
Lucky Core Industries Limited (Formerly ICI Pakistan Limited) 2/28/2024 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 Maintained
Power Chemical Industries Limited 12/6/2023 Entity
Suspended
Sitara Chemical Industries Limited 1/27/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Downgrade