VIS reaffirms entity ratings of EMCO

MG News | December 09, 2021 at 11:15 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 9, 2021 (MLN): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of 'A-/A-2' (Single A-minus /A-Two) to EMCO Industries Limited (EMCO), the market leader for manufacturing and supply of high voltage porcelain transmission line insulators, the company filing on PSX revealed today.

The medium to long-term rating of 'A-' denotes good credit quality with adequate protection factors.

Moreover, risk factors may vary with possible changes in the economy. The short-term rating of 'A-2' signifies good certainty of timely payment with sound liquidity and company fundamentals. Meanwhile, access to capital markets is good along with low risk factors. The outlook on the assigned ratings is ‘Stable’, the notice read.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,896.87 433.73M	1.24% 2203.95
ALLSHR	108,600.94 836.24M	1.00% 1073.54
KSE30	53,548.42 161.43M	0.99% 525.53
KMI30	257,150.20 154.15M	0.93% 2360.92
KMIALLSHR	70,729.56 559.83M	1.13% 792.42
BKTi	48,625.03 36.11M	1.37% 658.39
OGTi	37,256.17 8.26M	1.15% 422.51

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,535.00	63,045.00 62,390.00	170.00 0.27%
BRENT CRUDE	75.91	77.00 75.37	-1.17 -1.52%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.00	126.00 125.90	0.00 0.00%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	72.13	73.18 71.55	-1.08 -1.48%
SUGAR #11 WORLD	13.94	13.98 13.81	-0.01 -0.07%