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VIS

Name Date Rating Type Long Term Short Term Outlook Action
Adam Securities Limited 9/17/2020 Entity A- A-2 Stable Upgrade
Adam Securities Limited 1/18/2021 BMR BMR2 Stable Reaffirmed
AKD Securities Limited 11/30/2020 Entity A+ A-1 Stable Upgrade
AKD Securities Limited 4/8/2020 BMR BMR2++ Stable Reaffirmed
Arif Habib Limited 4/13/2020 Entity AA- A-1 Stable Reaffirmed
BIPL Securities Limited 4/13/2020 Entity A- A-2 Rating Watch - Developing Maintained
BIPL Securities Limited 3/2/2021 BMR BMR2+ Stable Reaffirmed
BMA Capital Management Limited 5/12/2020 Entity A- A-2 Stable Maintained
BMA Capital Management Limited 3/27/2020 BMR BMR2+ Stable Reaffirmed
Darson Securities Limited 12/29/2020 BMR BMR2 Stable Initial
Fawad Yusuf Securities Pvt. Ltd 2/26/2021 Entity A- A-2 Stable Initial
Foundation Securities Private Limited 4/23/2020 Entity A- A-2 Stable Maintained
Foundation Securities Private Limited 5/20/2020 BMR BMR2 Stable Reaffirmed
Growth Securities (Pvt.) Limited 5/19/2020 Entity A- A-2 Stable Initial
Integrated Equities Limited 1/11/2021 BMR BMR2 Stable Upgrade
Intermarket Securities Limited 12/4/2020 Entity A+ A-2 Stable Reaffirmed
Intermarket Securities Limited 3/5/2020 BMR BMR2 Stable Reaffirmed
MRA Securities Limited 12/21/2020 Entity A- A-2 Stable Reaffirmed
MRA Securities Limited 4/10/2020 BMR BMR2 Stable Initial
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 3/13/2020 BMR BMR2 Stable Initial
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 5/7/2020 Entity A- A-2 Stable Initial
Multiline Securities Limited 2/12/2021 Entity A- A-2 Stable Initial
Next Capital Limited 6/15/2020 Entity A- A-2 Stable Reaffirmed
Next Capital Limited 4/8/2020 BMR BMR2++ Stable Reaffirmed
Pearl Securities Limited 12/2/2020 BMR Suspended
Taurus Securities Limited 1/18/2021 Entity A A-2 Stable Reaffirmed
Topline Securities Limited 4/24/2020 Entity A- A-2 Positive Maintained
Topline Securities Limited 5/14/2020 BMR BMR2+ Stable Upgrade