Notices

PACRA Announces Entity, Debt Instrument and Mutual Fund Credit Ratings

Karachi · The Express Tribune, 09 Nov 2026

Notice advertisement published in The Express Tribune on Monday, 9 November 2026, listed under Karachi.

Newspaper clipping: PACRA Announces Entity, Debt Instrument and Mutual Fund Credit Ratings, The Express Tribune, 09 Nov 2026

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Advertisement details

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Liberty Power Tech Limited	Entity	Withdrawn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.