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Category: Fund News

PACRA Maintains Ratings for Shahzad Textile Mills with Watch Status

Lahore, The Pakistan Credit Rating Agency Limited (PACRA) has sustained the entity ratings of Shahzad Textile Mills Limited at ‘A-‘ for long-term and ‘A2’ for short-term, continuing its watch status due to the company’s financial strains and industry c…

Inflation Eases, but Pakistan Faces Potential New Price Hikes

Islamabad, Pakistan’s consumer price index (CPI) for March 2024 showed inflation at a 22-month low, marking the first instance of positive real interest rates since December 2020.According to JS Global, the CPI increased by 20.7% year-on-year while mon…

VIS Maintains Stable Outlook on Ittehad Chemicals Limited Ratings

Karachi, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Ittehad Chemicals Limited at ‘A-/A-2’, indicating a stable financial outlook. The ratings reflect good credit quality with sound liquidity factors and company fundamentals,…

VIS Credit Rating Withdraws Agha Steel’s Short-Term Sukuk Rating

Karachi, VIS Credit Rating Company Limited has officially withdrawn the ‘A-1’ (‘A-One’) rating previously assigned to the Short-term Sukuk instrument of Agha Steel Industries Limited (ASIL), following a management decision to discontinue the rating.Acc…