Pacra maintains PKIC ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term rating of "AA.A' (Triple A) and the short-term rating of A1+ (A one plus) of the Pakistan Kuwait Investment Company (Pvt) Limited (PKIC), says a press release.
These ratings denote the lowest expectation of credit risk emanating from an exceptionally strong capacity for timely payment of financial commitments.
PKIC's ratings reflect its sound capital structure engendering very strong risk absorption capacity. At the same time, the management maintains a conservative risk appetite while targeting to diversify its revenue sources.
Meanwhile, the company's performance largely remains a function of income from capital market operations, which is inherently exposed to volatility risk. However, any adverse movement in the stock market is not likely to have any material adverse impact on the company's financial profile given the substantial reserves including marketable securities reserve.-PR