Financial Institutions

Commercial Banks

Name Date Sector Long Term Short Term Outlook Action
Askari Bank Ltd 6/29/2016 TFC-5 AA- Positive Reaffirmed
Askari Bank Ltd 6/29/2016 TFC-4 AA- Positive Reaffirmed
Faysal Bank Limited 6/28/2016 TFC-2 AA- Stable Reaffirmed
Habib Bank Limited 6/30/2016 TFC-1 AAA Stable Reaffirmed
Meezan Bank Limited 10/5/2016 Sukuk 1 AA- Stable Final
Summit Bank Limited 6/30/2016 TFC-1 A- (SO) Stable Downgrade

Micro Finance

Name Date Sector Long Term Short Term Outlook Action
NRSP Micro Finance Bank Ltd 10/28/2016 TFC-1 A Stable Upgrade
U Microfinance Bank Limited 3/1/2017 TFC-1 BBB+ Stable Preliminary

Modarabas

Name Date Sector Long Term Short Term Outlook Action
Al-Zamin Leasing Modaraba 2/19/2010 TFC-2 A Stable Reaffirmed

Corporates

Chemicals & Pharma

Name Date Sector Long Term Short Term Outlook Action
Searle Pakistan Ltd 8/13/2010 TFC-1 A- Stable Upgrade

Consumer Goods

Name Date Sector Long Term Short Term Outlook Action
Treet Corporation Limited 12/20/2016 Sukuk 1 AA- Stable Reaffirmed

Miscellaneous

Name Date Sector Long Term Short Term Outlook Action
Independent Media Corporation Pvt. Ltd 11/2/2015 TFC-1 BBB- Stable Downgrade

Oil & Gas

Name Date Sector Long Term Short Term Outlook Action
Hascol Petroleum Limited 11/2/2016 Sukuk 1 AA- Stable Reaffirmed
PGP Consortium Limited 10/7/2016 Sukuk 1 A Stable Preliminary

Power Companies

Name Date Sector Long Term Short Term Outlook Action
K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) 11/3/2016 Sukuk 4 AA+ Stable Note
K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) 11/3/2016 Sukuk 3 AA Stable Note
K-Electric Limited (Formerly: Karachi Electric Supply Company Limited) 11/3/2016 Sukuk 2 AA Stable Note
Neelum Jhelum Hydropower Company (Pvt) Ltd 4/12/2016 Sukuk 1 AAA Stable Final
Sindh Nooriabad Power Company Limited 10/14/2016 TFC-1 A- Negative Final
Sindh Nooriabad Power Company Phase-II (Pvt.) Limited 10/14/2016 TFC-2 A- Negative Final

Sugar

Name Date Sector Long Term Short Term Outlook Action
JDW Sugar Mills Ltd 10/27/2015 TFC-2 A+ Positive Reaffirmed

Textiles

Name Date Sector Long Term Short Term Outlook Action
Azgard Nine Limited 5/3/2005 TFC-1 A+ Stable Preliminary