Rating Reflections (Newsletters & Special Reports)

Amtex Limited – Sukuk Issue of Rs. 650 million   (April, 2011)

On January 3, 2011, JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) assigned ‘D’ rating to the five year privately placed Sukuk of Rs. 650m, issued by Amtex Limited (Amtex) on account of non-payment of its latest installment due... More...

Wateen Telecom Limited – Entity   (April, 2011)

On October 15, 2010, JCR-VIS Credit Rating Company Limited (JCR-VIS) revised the entity ratings of Wateen Telecom Limited from ‘A/A-2’ (Single A/A-Two) to ‘D’ in view of overdue payments against some outstanding obligations... More...

Invest Capital Investment Bank Limited   (April, 2011)

Rating of Investment Capital Investment Bank Limited (Invest Bank) has been outstanding with JCR-VIS Credit Rating Company Limited (JCR-VIS) since June 19, 2008. Given the merger of Al Zamin Leasing Modaraba (AZLM) and Al Zamin Leasing Corporation Limited (AZLC) with and into Invest Bank in 2010, all liabilities of AZLM and AZLC, including the outstanding instruments were assigned to Invest Bank.. More...

BRR Guardian Modaraba – Entity & Sukuk Issue of Rs. 800 million   (April, 2011)

On July 9, 2010, JCR-VIS Credit Rating Company Limited (JCR-VIS) assigned ‘D’ rating to the entity & Sukuk issue of BRR Guardian Modaraba (BGM).. More...

Eden Housing Limited - Special Report   (April, 2010)

In December 2007, JCR-VIS issued an ‘A’ rating (Single A) with ‘Stable’ outlook to the TFCs of Eden Housing Limited (EHL) which were to be issued in three tranches of Rs. 1.5 billion, Rs. 0.75 billion and Rs. 0.75 billion, respectively. Finally these TFCs were issued as two instruments of Rs. 1.63b (TFC-1) and Rs. 730m (TFC-II). The assigned ratings had taken into account.. More...

In December 2007, JCR-VIS Credit Rating Company Limited (JCR-VIS) had assigned preliminary medium to long term rating of ‘A-’ (Single A Minus) with ‘Stable’ outlook to the proposed privately placed TFCs of Rs. 400m to be issued by Gharibwal Cement Limited (Gharibwal). In April 2008, this rating was..More...

Special Report   (Nov 2009)

The defaults on the debt instruments of New Allied Electronics Industries (Pvt.) Limited (NAEIL) can largely be attributed to a drastic plunge in sales of NAEIL following the setting in of recessionary effects in the local economy. More...

JCR-VIS Credit Rating Co Ltd. has carried out a study to see how the ratings of the companies operating in Pakistan fared after June 2008 and has issued its first issue of ‘Rating Reflections’ in this regard.More...