Corporates

Medical and Pharmaceutical
Name Date Rating Type Long Term Short Term Outlook Action
Aspin Pharma (Pvt) Limited 10/4/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Upgrade
Highnoon Laboratories Ltd 9/20/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Positive Initial
Macter International Limited 6/13/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
OBS AGP (Pvt) Limited 8/25/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
OBS AGP (Pvt) Limited 8/25/2023 Sukuk 1
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Reaffirmed
OBS Pakistan (Pvt) Limited 8/23/2023 Sukuk 1
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Final
OBS Pakistan (Pvt) Limited 2/28/2024 Sukuk 2
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Final
OBS Pakistan (Pvt) Limited 9/25/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Reaffirmed
OBS Pharma (Pvt) Limited 6/16/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Initial
OBS Pharma (Pvt) Limited 3/28/2024 BLR
A+ (blr)
Stable Final
OBS Pharma (Pvt) Limited 3/29/2024 STS
A-1 Stable Final
Popular International (Pvt) Limited 12/8/2023 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
Shifa International Hospitals Limited 2/1/2024 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
The Searle Company Limited 5/19/2023 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 Negative Maintained