Corporates

Sugar
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Adam Sugar Mills Limited 5/21/2024 Entity A- A2 Stable Reaffirmed
Al-Noor Sugar Mills Ltd. 8/26/2024 Entity A- A2 Stable Maintained
Almoiz Industries Ltd 9/13/2024 Entity A A2 Stable Reaffirmed
Ashraf Sugar Mills Limited 4/26/2024 Entity A- A2 Stable Reaffirmed
Chashma Sugar Mills Ltd 9/6/2024 Entity A- A2 Stable Reaffirmed
Deharki Sugar Mills (Pvt) Limited 5/13/2024 Entity A A2 Stable Reaffirmed
Etihad Sugar Mills Limited 4/9/2025 Entity A A2 Stable Reaffirmed
Faran Sugar Mills Limited 4/11/2025 Entity A- A2 Stable Reaffirmed
Fatima Sugar Mills Limited 4/16/2025 Entity A- A2 Stable Reaffirmed
Indus Sugar Mills Limited 10/16/2024 Entity A- A1 Stable Reaffirmed
JDW Sugar Mills Ltd 5/13/2024 Entity AA- A1 Stable Upgrade
JK Sugar Mills (Pvt) Limited 5/13/2024 Entity BBB+ A2 Stable Upgrade
Madina Sugar Mills Limited 8/13/2024 Entity A- A2 Stable Reaffirmed
Ranipur Sugar Mills (Pvt) Limited 11/12/2024 Entity A- A2 Stable Initial
RYK Mills Limited 9/19/2024 Entity A A2 Positive Reaffirmed
RYK Mills Limited 4/22/2025 STS A1 Final
Shahmurad Sugar Mills Ltd 8/26/2024 Entity A A2 Positive Maintained
Shahtaj Sugar Mills Limited 6/14/2024 Entity A- A2 Stable Initial
Sheikhoo Sugar Mills Limited 8/5/2024 Entity A- A2 Stable Reaffirmed
Tariq Corporation Limited 4/23/2025 Entity BBB A3 Stable Reaffirmed
The Thal Industries Corporation Limited 9/16/2024 Entity A A2 Positive Reaffirmed
Two Star Industries (Pvt) Limited 4/21/2025 Entity BBB+ A2 Negative Maintained