Declining topline and margins to negatively impact Berger Paints' ratings

News Image

By MG News | March 22, 2019 at 09:59 AM GMT+05:00

0:00

March 22, 2019 (MLN): Pakistan Credit Rating Agency (PACRA) has assigned initial entity ratings to Berger Paints Pakistan Limited, at ‘BBB+’ for long term and ‘A2’ for short term, while the outlook forecast on the rating action is ‘stable’.

According to PACRA’s press announcement on this occasion, the ratings reflect Berger’s established position and brand recognition in the premium domestic paint market of the country.

They further incorporate strong governance framework and experienced management team along with effective control framework.

“The ratings are dependent upon the management’s ability to improve margins and profitability, meanwhile prudent management of the working capital, maintaining good coverages and strong capital structure is also important,” says the agency.

Decline in topline and deterioration in margins leading to erosion of profitability will have negative impact on the ratings.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,465.00 110,525.00
107,865.00
-950.00
-0.86%
BRENT CRUDE 67.61 67.96
67.22
-0.69
-1.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.80 67.18
65.40
-1.20
-1.79%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 07, 2025 at 06:02 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg