Pakistan Credit and Rating Agency (Pacra), taking a serious note of a recent print media report suggesting impending financial "collapse" of Sui Southern Gas Company Limited (SSGCL), reaffirms the company's long-term and short-term ratings at 'AA-' and 'A1+', respectively.
Pacra considers this report highly misleading and contrary to Pacra's continuing perception of the company's risk profile. Pacra's latest notification of the company's credit rating (long-term AA-; short-term A1+) was issued on May 21. This rating presents "a very strong capacity to meet financial obligations". In assigning rating, Pacra has duly taken into account the company's debt profile in the last three years as well as its operational performance.-PR
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