PACRA assigns initial entity ratings to Pak-Arab Pipeline

MG News | November 26, 2018 at 02:18 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 26, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has assigned initial entity ratings to Pak-Arab Pipeline Company Limited, of ‘AAA’ for long term and ‘A1+’ for short term, with a ‘stable’ outlook forecast.

As per official notification from PACRA, the rating is a reflection of PAPCO’s distinctive business model driving its strength from a tariff based return model.

“The ratings are dependent on the sustained business operations and industry wide fundamentals. Strong cash flows enabling relevant coverages to its debt repayments is prerequisite,” elaborated the agency in the bulletin.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	180,511.02 526.92M	0.07% 118.05
ALLSHR	108,555.87 1,212.83M	0.36% 391.07
KSE30	53,841.27 248.20M	-0.15% -80.15
KMI30	257,350.10 248.61M	0.18% 449.64
KMIALLSHR	70,414.17 786.79M	0.66% 464.74
BKTi	49,456.61 62.72M	-0.92% -458.09
OGTi	36,926.58 22.69M	1.66% 603.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,935.00	66,160.00 64,825.00	-765.00 -1.16%
BRENT CRUDE	79.10	79.57 77.75	0.14 0.18%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	7.50 6.49%
ROTTERDAM COAL MONTHLY	125.50	0.00 0.00	-0.40 -0.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	75.37	76.06 74.09	0.10 0.13%
SUGAR #11 WORLD	14.24	14.33 14.22	-0.07 -0.49%