PACRA assigns Preliminary Rating to Hub Power Company Ltd

News Image

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

Join our Whatsapp channel
Add Mettisglobal as a Trusted Source on Google Google
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

News
SGPL plans Rs535m right issue
News
LSEFSL plans Rs10 to Rs1 share split, Rs100m investment
News
SLM Tyres IPO fully subscribed in 5 seconds
Name Price/Vol %Chg/NChg
KSE100 163,170.68
139.02M 		-1.46%
-2425.39
ALLSHR 98,580.66
370.67M 		-1.44%
-1437.06
KSE30 48,753.48
49.65M 		-1.44%
-711.45
KMI30 235,022.28
51.77M 		-1.64%
-3930.11
KMIALLSHR 64,262.26
165.16M 		-1.61%
-1051.90
BKTi 44,287.21
20.90M 		-1.12%
-501.77
OGTi 34,327.58
5.87M 		-2.22%
-779.51
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,935.00 78,495.00
76,565.00 		-2275.00
-2.87%
BRENT CRUDE 110.29 112.00
109.56 		1.03
0.94%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00 		-7.25
-6.18%
ROTTERDAM COAL MONTHLY 110.10 110.10
110.10 		0.90
0.82%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50 		0.00
0.00%
CRUDE OIL - WTI 102.27 104.37
101.57 		1.25
1.24%
SUGAR #11 WORLD 14.82 14.95
14.80 		0.02
0.14%
Chart of the Day
Latest News
May 18, 2026 at 02:43 PM GMT+05:00

SGPL plans Rs535m right issue

May 18, 2026 at 02:25 PM GMT+05:00

Zia Chishti: The Man Who Refused to Lose TRG

May 18, 2026 at 02:07 PM GMT+05:00

Gold price in Pakistan rises Rs900 per tola

May 18, 2026 at 12:42 PM GMT+05:00

Fertilizer offtake increases 44% YoY in April

May 18, 2026 at 12:30 PM GMT+05:00

SECP greenlights PSHL's bid to acquire ASIC shares

Top 5 things to watch in this week
Current Account Balance
Real Effective Exchange Rates Indices
Summary of Foreign Investments in Pakistan
Private Sector Credit
Banking Sector Spreads
Previous
Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg