PACRA maintains entity ratings of TPL Properties Limited

MG News | December 05, 2018 at 02:10 PM GMT+05:00

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December 05, 2018 (MLN): Pakistan Credit Rating Agency (PACRA) has maintained the entity ratings of TPL Properties Limited, at ‘A+’ for long term and ‘A1’ for short term, with a ‘stable’ outlook forecast.

According to an official press release on the aforementioned rating, PACRA apprises that the ratings incorporate strong fundamentals of the company.

“The ratings are dependent on management's ability to ensure adequacy of cash flows against debt repayment commitments. Any material deviation in strategy impacting risk profile of the company will be negative,” adds the agency.

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