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PACRA maintains Amreli Steels Sukuk rating

Posted on 14 May 2012

The Pakistan Credit Rating Agency (PACRA) has maintained rating of ‘A-’ of privately placed secured Sukuk of PKR 880 millionn by Amreli Steels Limited (ASL). The rating denotes a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
The rating reflects the established franchise of the company in re-bar manufacturing segment. The rating incorporates well-entrenched participation of Akberali Family - the major sponsor - in operations of the company………………………………………..Full Article: Source

 
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