The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Jahangir Siddiqui & Co Ltd at "AA+" (Double A plus) and "A1+" (A one plus), respectively.
The ratings of the three unsecured listed TFC issues of PKR 500 million cash, and one secured listed TFC of PKR 1,100 million are also maintained at "AA+" (Double A plus). These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.-PR