Fatima Group to undertake security of gas supply to Pak Arab - PACRA

MG News | August 22, 2019 at 10:17 AM GMT+05:00

0:00

August 22, 2019 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the ‘Debt Instrument’ rating of Pak Arab Fertilizers Limited at ‘A-‘, for long term with a ‘Developing’ outlook forecast.

As per an official press release on this occasion, PACRA apprised that Fatima Group, an associated company of Pak Arab Fertilizer, is in process to venture an undertaking to secure gas supply to Pak Arab's plant by laying gas pipeline - which is in last phase of its completion.

They further explained that the rating is kept under 'Rating watch' with 'Developing' outlook in anticipation to surveil the complete roll-out of the acquisition plan. “The ratings would be updated once the evolving position is settled and financial statements for 2018 are finalized,” said PACRA.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,825.00	68,500.00 67,585.00	-2395.00 -3.41%
BRENT CRUDE	112.27	114.35 110.22	0.08 0.07%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.74	101.50 96.75	0.51 0.52%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%