Karachi: VIS Credit Rating Company Ltd. has reaffirmed the entity ratings of Multiline Securities Limited at 'A-/A2', maintaining a stable outlook. This decision reflects the company's good credit quality and sound short-term liquidity factors, amidst varying economic risk factors.

According to a statement by VIS Credit Rating Company Limited, the long-term rating of 'A-' indicates adequate protection factors, while the short-term rating of 'A2' suggests a good likelihood of timely repayment of obligations. The last rating action for Multiline Securities Limited was announced on November 06, 2023.

Multiline Securities Limited, established in 2001, offers equity brokerage, investment, and portfolio management services. It serves both retail and foreign institutional clients and is a member of the Pakistan Mercantile Exchange Limited. Operating from Karachi, the company is registered with the Securities and Exchange Commission of Pakistan and holds a Trading Rights Entitlement Certificate from the Pakistan Stock Exchange.

The firm's ratings are influenced by its business and financial profile. Fiscal Year 2024 saw a significant increase in brokerage revenue due to favorable market conditions and macroeconomic improvements. However, revenue for Fiscal Year 2025 is projected to be lower, following a subdued performance in the first three months. Despite this, the company's liquidity profile remains sound, supported by a low-leveraged balance sheet and high equity base.

Looking ahead, the company aims to diversify its revenue streams, enhance profitability, and maintain its liquidity and capitalization profile to sustain its ratings.