PACRA Withdraws Entity Ratings of KASB Modaraba

MG News | November 06, 2018 at 11:03 AM GMT+05:00

0:00

November 06, 2018 (MLN): Pakistan Credit Rating Agency Limited (PACRA) has withdrawn the entity ratings of KASB Modaraba.

Previously, on June 29, 2018, PACRA had downgraded its entity ratings to ‘BBB’ for long-term and ‘A2’ for Short-term, with a negative outlook forecast.

According to the rating agency, the management of KASB Modaraba is not interested in continuation of the rating process. Therefore, PACRA has withdrawn Entity Ratings.

KASB Modaraba (KASBM) established in 1990, is a perpetual, multipurpose Modaraba with its head office situated in Karachi.

The Modaraba, listed on Pakistan Stock Exchange is primarily engaged in financing through Ijarah, Morabaha, Musharaka, Diminishing Musharaka and Modaraba. Modarba’s management company is KASB Invest (Private) Limited (KIPL).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,691.08 204.73M	-3.16% -5478.63
ALLSHR	100,605.79 452.28M	-3.22% -3347.16
KSE30	51,327.62 101.29M	-3.23% -1715.27
KMI30	234,255.58 78.63M	-3.57% -8675.81
KMIALLSHR	64,318.37 208.70M	-3.29% -2188.72
BKTi	49,641.17 44.27M	-2.78% -1417.38
OGTi	33,066.33 11.03M	-3.20% -1093.65

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,365.00	67,760.00 64,325.00	-1460.00 -2.15%
BRENT CRUDE	71.38	71.58 70.69	-0.38 -0.53%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.50 -3.52%
ROTTERDAM COAL MONTHLY	107.95	107.95 107.95	0.30 0.28%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	66.15	66.30 65.38	-0.33 -0.50%
SUGAR #11 WORLD	14.03	14.04 13.78	0.16 1.15%