PACRA Announces Entity, Debt Instrument and Mutual Fund Credit Ratings
Karachi · The Express Tribune,
Notice advertisement published in The Express Tribune on Monday, 9 November 2026, listed under Karachi.
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The Pakistan Credit Rating Agency Limited (PACRA) has announced rating decisions for companies, debt instruments and mutual funds. The decisions include maintained ratings, an upgrade and a rating withdrawal.
Company and Asset Manager Ratings
| Organization | Rating Type | Action | Long-Term Rating | Short-Term Rating | Outlook |
|---|---|---|---|---|---|
| Platinum Steel Mill (Pvt) Limited | Entity | Maintained | BBB | A3 | Stable |
| Habib Insurance Company Limited | Insurer Financial Strength | Upgraded | AA (IF) | Stable | |
| Liberty Power Tech Limited | Entity | Withdrawn | |||
| Pakistan Services Limited | Entity | Maintained | B | A4 | Negative |
| JS Investments Limited | Asset Manager | Maintained | AM3 | Stable | |
| Tufail Multichem Industries (Pvt) Limited | Entity | Initial | A- | A1 | Stable |
| Tufail Chemical Industries (Pvt) Limited | Entity | Initial | BBB | A3 | Stable |
Mutual Fund Ratings
| Fund | Rating Type | Action | Rating | Outlook |
|---|---|---|---|---|
| ABL Cash Fund | Stability Rating | Maintained | AA+(f) | Stable |
| ABL Aggressive Income Fund | Stability Rating | Maintained | A+(f) | Stable |
| ABL Islamic Income Fund | Stability Rating | Maintained | AA-(f) | Stable |
| ABL Islamic Cash Fund | Stability Rating | Maintained | AA(f) | Stable |
| Faysal Islamic Financial Growth Fund-II | Stability Rating | Initial | AA-(f) | Stable |
| Al Ameen Islamic Income Fund | Stability Rating | Maintained | AA(f) | Stable |
| Al Ameen Government Securities Fund | Stability Rating | Maintained | AA(f) | Stable |
| MCB Government Securities Fund | Stability Rating | Maintained | AA(f) | Stable |
| BMA Money Market Fund | Stability Rating | Maintained | AA-(f) | Stable |
For the latest ratings, visit www.pacra.com.
Published in The Express Tribune on Monday, 9 November 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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