Karachi, VIS Credit Rating Company Limited has upgraded the entity ratings of Sindh Bank Limited to ‘AA-/A-1+’ from ‘A+/A-1’, indicating a high credit quality with strong protection factors and the strongest likelihood of timely repayment of short-term…
Day: June 28, 2024
PACRA Maintains Stable ‘A’ Rating for BankIslami’s ADT-1 Modaraba Sukuk II
Lahore, BankIslami Pakistan Limited (BIPL) continues to hold an ‘A’ rating for its ADT-1 Modaraba Sukuk II, valued at PKR 1 billion, as affirmed by the Pakistan Credit Rating Agency Limited (PACRA) on June 28, 2024. The long-term outlook remains stable…
PACRA Upgrades JS Bank’s Entity Ratings to AA Following Strategic Acquisition
Karachi, The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the entity ratings of JS Bank Limited from AA- to AA with a stable outlook, reflecting significant strategic growth and an enhanced market position following its majority stake acq…
VIS Reaffirms Top Ratings for Habib Bank with Stable Outlook
Karachi, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Habib Bank Limited (HBL) at ‘AAA/A-1+’, reflecting the bank’s highest credit quality and strong liquidity, with a stable outlook for its future performance.According to VIS…
VIS Maintains AA+ Rating for Habib Bank’s Basel 3 Compliant TFC-III
Karachi, VIS Credit Rating Company Limited has reaffirmed the AA+ rating for Habib Bank Limited’s Basel 3 Compliant Additional Tier-I instrument (TFC-III), acknowledging the bank’s high credit quality and robust financial health.According to VIS Credit…
VIS Reaffirms Top Ratings for Meezan Bank’s Basel 3 Compliant Sukuk 4
Karachi, VIS Credit Rating Company Limited has reaffirmed the AAA rating for Meezan Bank Limited’s Basel 3 Compliant Tier-II Sukuk 4, highlighting the bank’s robust financial health and strong market position.According to VIS Credit Rating Company Limi…
VIS Reaffirms Broker Management Rating for Taurus Securities at ‘BMR2+’
Karachi, VIS Credit Rating Company Ltd. has reaffirmed the Broker Management Rating of Taurus Securities Limited at ‘BMR2+’, highlighting its strong compliance, risk management, and stable financial performance. The outlook for the rating remains stabl…
StockSmart Weekly Review: Modest Declines Amid Fiscal Close and Policy Changes
Karachi, The KSE-100 index concluded the week with a modest decline, dropping 365 points or 0.46% week-over-week, amid mixed signals from the financial sector and policy adjustments. The trading atmosphere was notably tempered by the fiscal year’s end …
TRG Pakistan Posts PkR16.7 Billion Loss in 9MFY24 Amid Market Volatility
Karachi, TRG Pakistan Ltd (TRG) revealed significant financial challenges in its latest analyst briefing, posting a loss of PkR16.7 billion for the nine months ending FY24, a stark contrast to the PkR5.7 billion profit in the same period last year. The…
Gul Ahmed Textile Sees Profit Growth Despite Cost Pressures
Karachi, Gul Ahmed Textile Mills Ltd. (GATM) detailed its financial and operational performance during its 9MFY24 analyst briefing today, showing strong sales growth despite increased costs and challenging economic conditions.According to AKD Securitie…