Recognizing PakLibya’s sound financial health, credit worthiness in the money and capital market and management’s efforts in streamlining and improving the management information system and internal control procedures, The Pakistan Credit Rating Agency (Pvt.) Limited {PACRA} has maintained PakLibya’s long term entity rating and reaffirmed short term entity rating with positive future outlook as under:
Long Term Entity Rating AA-
Short Term Entity Rating A1+
The respective rating scales are elaborated as under:
Long Term Entity Rating: AA-
“High credit quality. Protection factors are strong. Risk factors are modest but might vary slightly from time to time because of economic conditions.”
Short Term Entity Rating: A1+
“High certainty of timely payment. Liquidity factors are excellent and supported by good fundamental protection factors. Risk factors are minor.” |
