Corporates

Textiles
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
AA Spinning Mills Limited 1/15/2025 Entity A- A2 Stable Reaffirmed
AGI Denim 6/11/2024 Entity A+ A1 Stable Upgrade
Ahmed Oriental Textile Mills Limited 4/15/2025 Entity A- A2 Stable Maintained
Akhtar Textile Industries (Pvt) Ltd 7/30/2024 Entity A A2 Stable Reaffirmed
Akram Cotton Mills Limited 12/6/2024 Entity BBB A2 Stable Reaffirmed
Al Karam Towel Industries (Pvt) Ltd 9/10/2024 Entity A- A2 Stable Reaffirmed
Al-Karam Textile Mills (Pvt) Limited 4/15/2025 Entity A A2 Stable Reaffirmed
Al-Karam Textile Mills (Pvt) Limited 8/27/2024 Sukuk 1 A Stable Final
Amna Industries (Pvt) Limited 5/17/2024 Entity BBB+ A2 Negative Maintained
Arshad Corporation (Pvt) Ltd 4/9/2025 Entity A- A2 Stable Under Review
Arshad Textile Mills Limited 4/15/2025 Entity BBB- A2 Stable Reaffirmed
Artistic Denim Mills Ltd 4/30/2025 Entity A- A2 Stable Reaffirmed
Asher Imran Spinning Mills (Pvt) Limited 12/30/2024 Entity A- A2 Stable Reaffirmed
Best Fibres (Pvt) Ltd 5/14/2024 Entity A- A2 Positive Maintained
Bhanero Textile Mills Ltd 1/30/2025 Entity A+ A1 Stable Reaffirmed
Bhimra Textile Mills (Pvt) Limited 2/18/2025 Entity BBB+ A2 Stable Upgrade
Bismillah Textiles Limited 10/28/2024 Entity A- A2 Stable Upgrade
Blessed Textiles Ltd 2/6/2025 Entity A A1 Stable Reaffirmed
Comfort Knitwears (Pvt) Ltd 9/5/2024 Entity A- A2 Stable Reaffirmed
Crescent Bahuman Limited 6/24/2024 Entity A- A2 Positive Maintained
Dynamic Sportswear (Pvt) Limited 7/1/2024 Entity A- A2 Stable Reaffirmed
Faisal Spinning Mills Ltd 2/6/2025 Entity A A1 Stable Reaffirmed
Feroze 1888 Mills Limited 2/27/2024 Entity AA- A1 Stable Reaffirmed
Gadoon Textile Mills Limited 12/9/2024 Entity A+ A1 Stable Reaffirmed
Gatron (Industries) Limited 5/17/2024 Entity A- A2 Stable Reaffirmed
Gohar Textile Mills (Pvt) Ltd 4/15/2025 Entity A+ A1 Stable Reaffirmed
H.A Fibres (Pvt) Limited 12/10/2024 Entity A A2 Stable Upgrade
Image Pakistan Limited 4/15/2025 Entity A- A2 Stable Initial
Indigo Textile (Pvt) Limited 7/19/2024 Entity A A1 Stable Reaffirmed
Indus Dyeing & Manufacturing Co Limited 10/25/2024 Entity A+ A1 Stable Reaffirmed
Indus Home Limited 8/8/2024 Entity A- A2 Stable Reaffirmed
Indus Lyallpur Limited 10/25/2024 Entity A- A2 Stable Reaffirmed
Interloop Limited 7/18/2024 Entity AA- A1 Stable Upgrade
International Textile Limited 5/2/2024 Entity A A2 Stable Reaffirmed
J.K Spinning Mills Limited 8/8/2024 Entity A- A1 Stable Reaffirmed
Kamal Limited 4/25/2025 Entity A A1 Stable Reaffirmed
Kamal Textile Mills (Pvt) Ltd 7/3/2024 Entity A- A2 Stable Reaffirmed
Khalid Shafique Spinning Mills Limited 6/3/2024 Entity BBB+ A2 Stable Maintained
Kohinoor Mills Limited 11/8/2024 Entity BBB+ A2 Stable Maintained
Kohinoor Textile Mills Limited 10/23/2024 Entity A+ A1 Stable Reaffirmed
Lucky Knits (Pvt) Limited 4/18/2025 Entity A- A1 Stable Reaffirmed
Lucky Textile Mills Limited 12/2/2024 Entity AA- A1+ Stable Upgrade
M.K Sons (Pvt) Ltd 6/14/2024 Entity A- A2 Stable Reaffirmed
Master Textile Mills Limited 4/9/2025 Entity A+ A1 Stable Under Review
Metco Textile (Pvt) Limited 11/6/2024 Entity A- A2 Stable Maintained
Mustaqim Dyeing and Printing Ind. (Pvt) limited 5/15/2024 Entity A- A2 Stable Reaffirmed
Nadeem Textile Mills Limited 4/11/2025 Entity BBB+ A3 Negative Downgrade
Naveena Exports Limited 6/4/2024 Entity A A1 Stable Reaffirmed
Naveena Industries Limited 3/10/2025 Entity A- A2 Stable Reaffirmed
Nishat (Chunian) Limited 7/5/2024 Entity A- A2 Stable Reaffirmed
Premium Textile Mills Limited 6/5/2024 Entity A- A2 Stable Reaffirmed
Rajby Industries 7/15/2024 Entity A- A2 Positive Maintained
Rajby Textiles (Pvt) Limited 9/3/2024 Entity A- A2 Stable Reaffirmed
Rizwan Enterprises 8/21/2024 Entity A- A1 Stable Reaffirmed
Sadaqat Limited 12/19/2024 Entity A A2 Stable Reaffirmed
Sadaqat Limited 12/19/2024 TFC A Stable Reaffirmed
Sapphire Textile Mills Limited 10/7/2024 Entity A+ A1 Stable Reaffirmed
Saya Weaving Mills (Pvt) Limited 4/18/2025 Entity A- A2 Stable Under Review
Shadab Textile Mills Limited 12/27/2024 Entity A- A2 Stable Maintained
Shahbaz Garments (Pvt) Limited 4/16/2024 Entity A- A2 Stable Reaffirmed
Shahkam Industries (Pvt) Ltd 4/18/2025 Entity A- A2 Stable Initial
Shahtaj Textile Limited 11/13/2024 Entity A- A2 Stable Reaffirmed
Sheikhupura Textile Mills Limited 7/24/2024 Entity BBB A2 Positive Maintained
Siara Textile Mills (Pvt) Limited 4/7/2025 Entity BBB A2 Stable Under Review
Sitara Hamza (Pvt) Limited 4/9/2025 Entity BBB A3 Stable Under Review
Sohail Textile Mills Limited 12/2/2024 Entity BBB- A2 Stable Reaffirmed
Soorty Enterprises (Pvt) Limited 9/6/2024 Entity AA- A1 Stable Reaffirmed
Sunrays Textile Mills Limited 10/25/2024 Entity A- A1 Stable Reaffirmed
Suraj Cotton Mills Limited 4/9/2025 Entity A+ A1 Stable Under Review
Tauseef Enterprises (Pvt) Limited 9/18/2024 Entity A- A2 Stable Initial
The Crescent Textile Mills Limited 4/9/2025 Entity A- A2 Negative Under Review
Towellers Limited 3/28/2025 Entity A A1 Stable Maintained
Umar Spinning Mills (Pvt) Limited 4/22/2025 Entity BBB+ A2 Stable Reaffirmed
Union Apparel (Pvt) Ltd 3/20/2025 Entity A- A2 Rating Watch - Developing Maintained
Union Fabrics (Pvt) Ltd 3/20/2025 Entity A- A2 Rating Watch - Developing Maintained
Utopia Industries (Pvt) Limited 9/10/2024 Entity A- A2 Stable Reaffirmed
Z.A Corporation (Pvt) Ltd 4/28/2025 Entity BBB+ A2 Stable Reaffirmed
Zaman Textile Mills (Pvt) Limited 3/12/2025 Entity A- A2 Stable Reaffirmed
Zephyr Textiles Limited 12/11/2024 Entity BBB+ A2 Stable Maintained