PACRA maintains entity ratings of Kohat Cement

By MG News | November 23, 2018 at 10:19 AM GMT+05:00

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November 23, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of Kohat Cement Company Limited, at ‘A’ for long term and at ‘A1’ for short term. The outlook on these ratings remains ‘stable’.

PACRA, in a formal notification elaborated, that Kohat Cement’s ratings reflect its strong market position in cement industry.

“Furthermore, the company’s fairly low leveraging, healthy liquid investment book and presence of investment properties on the book provides further comfort to the ratings. Going forward, the Company’s leveraging is expected to remain at moderate levels,” added the agency.

The notification further explained that the ratings are dependent on upholding of company’s market position in addition to sustenance of business volumes and margins. “

The company's strong business performance in current stretched economic scenario - challenges on demand front - remains vital for ratings. Upholding of governance practices remains important for the ratings.”

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