PACRA Maintains Entity Ratings of Gharibwal Cement Ltd

MG News | November 19, 2018 at 10:24 AM GMT+05:00

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November 19, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Gharibwal Cement Limited at ‘A-’ for long term and ‘A2’ for short term, revealed an official announcement by PACRA. The outlook forecast on these ratings is ‘stable’

According to the rating agency, the ratings reflect Gharibwal Cement's strength in its key markets. The company focuses on geographies closer to the plant location; Gujranwala division remained company’s home market.

The ratings are also dependent on upholding of the company’s business vis-à-vis financial risk profile in current economic scenario. Industry’s dynamics encompassing expected challenges of supply glut, substantial decline in local demand or deterioration in cement prices will negatively affect the ratings.

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