PACRA assigns Preliminary Rating to Hub Power Company Ltd

MG News | July 08, 2019 at 11:10 AM GMT+05:00

0:00

July 8, 2019 (MLN): Pakistan Credit Rating Agency has assigned Preliminary Rating to Hub Power Company Limited of ‘AA+’, along with a stable outlook forecast.

The rating reflects the holding company character of Hubco with an exclusive focus on the different dimension of the energy sector. In addition to the investment book, Hubco itself is a large RFO based power plant.

Cash flow streams of Hubco's plants are guaranteed by GoP under the Power Purchase Agreement (PPA), subject to adherence to the agreed upon performance benchmarks; this provides comfort to the ratings.

Timely completion of new projects, settlement of receivable and payable and maintaining healthy debt service coverages are important.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	160,081.59 189.50M	2.14% 3348.71
ALLSHR	97,590.85 417.53M	2.01% 1926.18
KSE30	48,743.53 100.85M	2.08% 991.15
KMI30	231,218.02 58.56M	2.23% 5042.78
KMIALLSHR	63,899.55 174.64M	1.94% 1216.47
BKTi	44,980.17 47.68M	2.48% 1087.42
OGTi	31,459.71 3.34M	1.88% 579.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,270.00	110,660.00 107,835.00	3830.00 3.60%
BRENT CRUDE	63.87	64.19 63.85	-1.13 -1.74%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.50 -1.83%
ROTTERDAM COAL MONTHLY	93.00	93.00 93.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.07	60.39 60.05	-0.50 -0.83%
SUGAR #11 WORLD	14.25	14.42 14.07	-0.17 -1.18%