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Steel & Allied Products
Name
Date
Rating Type
Long Term
Short Term
Outlook
Action
Agha Steel Industries Limited
4/1/2024
Entity
BB-
Obligations deemed likely to be met. Protection factors are capable of weakening if changes occur in the economy. Overall quality may move up or down frequently within this category.
B-3
Negative
Downgrade
Press Release
|
History
|
Rating Report
Agha Steel Industries Limited
4/1/2024
Sukuk 3
BB-
Obligations deemed likely to be met. Protection factors are capable of weakening if changes occur in the economy. Overall quality may move up or down frequently within this category.
Negative
Downgrade
Press Release
|
History
|
Rating Report
|
Issue Detail
Aisha Steel Mills Limited
1/1/2024
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
Maintained
Press Release
|
History
|
Rating Report
BBJ Pipe Industries Limited
1/2/2024
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
Maintained
Press Release
|
History
|
Rating Report
Crescent Steel & Allied Products Limited
12/13/2023
Entity
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2
Stable
Maintained
Press Release
|
History
|
Rating Report
Crescent Steel & Allied Products Limited
12/13/2023
Sukuk 1
A-
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable
Maintained
Press Release
|
History
|
Rating Report
|
Issue Detail
Faizan Steel
1/31/2024
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
Maintained
Press Release
|
History
|
Rating Report
Frontier Foundary Steel (Pvt) Limited
6/22/2023
Entity
A
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1
Stable
Maintained
Press Release
|
History
|
Rating Report
International Industries Limited
11/13/2023
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
Maintained
Press Release
|
History
|
Rating Report
International Steels Limited
11/24/2023
Entity
A+
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1
Stable
Maintained
Press Release
|
History
|
Rating Report
Mehboob Steel Pipe Industry
3/31/2023
Entity
BBB-
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Rating Watch - Developing
Maintained
Press Release
|
History
|
Rating Report
Mughal Iron & Steel Industries Limited
12/8/2023
Sukuk 1
A+
Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable
Maintained
Press Release
|
History
|
Rating Report
|
Issue Detail
Mughal Iron & Steel Industries 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
Maintained
Press Release
|
History
|
Rating Report
Naveena Steels Mills (Pvt) Limited
7/25/2023
Entity
A-
Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2
Stable
Initial
Press Release
|
History
|
Rating Report
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