AGL 40.26 Increased By ▲ 0.26 (0.65%)
AIRLINK 127.50 Increased By ▲ 0.46 (0.36%)
BOP 6.61 Decreased By ▼ -0.06 (-0.9%)
CNERGY 4.49 Decreased By ▼ -0.02 (-0.44%)
DCL 8.63 Increased By ▲ 0.08 (0.94%)
DFML 41.85 Increased By ▲ 0.41 (0.99%)
DGKC 87.62 Increased By ▲ 0.77 (0.89%)
FCCL 32.78 Increased By ▲ 0.50 (1.55%)
FFBL 65.25 Increased By ▲ 0.45 (0.69%)
FFL 10.26 Increased By ▲ 0.01 (0.1%)
HUBC 109.75 Increased By ▲ 0.18 (0.16%)
HUMNL 14.71 Increased By ▲ 0.03 (0.2%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.53 Increased By ▲ 0.07 (0.94%)
MLCF 41.70 Increased By ▲ 0.32 (0.77%)
NBP 59.51 Decreased By ▼ -0.90 (-1.49%)
OGDC 194.05 Increased By ▲ 3.95 (2.08%)
PAEL 28.25 Increased By ▲ 0.42 (1.51%)
PIBTL 7.80 Decreased By ▼ -0.03 (-0.38%)
PPL 152.20 Increased By ▲ 2.14 (1.43%)
PRL 26.55 Decreased By ▼ -0.33 (-1.23%)
PTC 16.12 Increased By ▲ 0.05 (0.31%)
SEARL 82.80 Decreased By ▼ -3.20 (-3.72%)
TELE 7.63 Decreased By ▼ -0.08 (-1.04%)
TOMCL 35.59 Increased By ▲ 0.18 (0.51%)
TPLP 8.18 Increased By ▲ 0.06 (0.74%)
TREET 16.19 Decreased By ▼ -0.22 (-1.34%)
TRG 52.87 Decreased By ▼ -0.42 (-0.79%)
UNITY 26.50 Increased By ▲ 0.34 (1.3%)
WTL 1.25 Decreased By ▼ -0.01 (-0.79%)
BR100 9,952 Increased By 68 (0.69%)
BR30 30,896 Increased By 296.2 (0.97%)
KSE100 93,924 Increased By 568.2 (0.61%)
KSE30 29,104 Increased By 173.5 (0.6%)

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the long-term rating of "A+" (Single A plus) and the short-term rating of "A1" (A one) of KASB Securities Limited. These ratings indicate a low expectation of credit risk and a strong capacity for timely payment of financial commitments.
The proposed secured TFC issue of 500 million rupees is assigned a rating of 'AA-' (Double A minus). This rating denotes a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect the company's strong position in the country's capital market industry, an outcome of its established franchise supported by an advanced technology infrastructure, effective risk management systems and extensive research skills.
Meanwhile, the company's investment banking division, while adding diversity, supplements core revenues. The company's association with Merril1 Lynch - one of the world's largest investment banking and asset management entities - is also a key rating factor.-PR

Copyright Business Recorder, 2007

Comments

Comments are closed.