Corporates

Oil & Gas
Name Date Rating Type Long Term Short Term Outlook Action
Hi-Tech Lubricants Limited 1/18/2024 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Downgrade
Oil & Gas Development Company Limited 12/20/2023 Entity
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
A-1+ Stable Reaffirmed
Oil Industries Pakistan Limited(Formerly: Oil Industries Pakistan (Pvt) Limited) 8/31/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Pakistan State Oil Company Limited 1/19/2024 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
PGP Consortium Limited 7/4/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Positive Maintained
PGP Consortium Limited 7/4/2023 Pref Share
BBB Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
Positive Maintained
Servo Motor Oil (Pvt) Limited 11/13/2023 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 Reaffirmed
Sui Northern Gas Pipelines Limited 12/1/2023 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
Taj Gasoline (Pvt.) Limited 5/24/2023 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Stable Initial
Zoom Marketing Oils (Pvt) Limited 2/27/2024 Entity
BBB- Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3 Positive Maintained
Zoom Petroleum (Pvt) Limited 2/28/2024 Entity
BBB- Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-3 Stable Reaffirmed