BR100 Decreased By (-0.13%)
BR30 Decreased By (-0.08%)
KSE100 Decreased By (-0.32%)
KSE30 Decreased By (-0.39%)
AGHA 7.37 Decreased By ▼ -0.19 (-2.51%)
BECO 5.11 Increased By ▲ 0.02 (0.39%)
BML 56.12 Increased By ▲ 1.14 (2.07%)
BOP 32.82 Decreased By ▼ -0.16 (-0.49%)
CNERGY 10.34 Increased By ▲ 0.24 (2.38%)
CSIL 5.20 Increased By ▲ 0.07 (1.36%)
FCCL 52.20 Increased By ▲ 0.95 (1.85%)
FFL 16.48 Increased By ▲ 0.30 (1.85%)
FNEL 1.22 Increased By ▲ 0.03 (2.52%)
KEL 7.18 Increased By ▲ 0.12 (1.7%)
KOSM 6.07 Increased By ▲ 0.53 (9.57%)
LOTCHEM 27.06 Decreased By ▼ -2.06 (-7.07%)
MLCF 89.74 Increased By ▲ 0.92 (1.04%)
NBP 195.51 Decreased By ▼ -1.98 (-1%)
NCPL 55.67 Increased By ▲ 0.65 (1.18%)
NPL 65.30 Increased By ▲ 0.42 (0.65%)
OGDC 312.80 Increased By ▲ 0.85 (0.27%)
PACE 10.35 Increased By ▲ 0.14 (1.37%)
PAEL 41.01 Increased By ▲ 0.02 (0.05%)
PIBTL 15.98 Increased By ▲ 0.02 (0.13%)
PPL 212.88 Increased By ▲ 0.22 (0.1%)
PRL 53.60 Increased By ▲ 1.06 (2.02%)
PTC 68.87 Decreased By ▼ -0.21 (-0.3%)
SSGC 24.89 Decreased By ▼ -0.21 (-0.84%)
TBL 9.51 Decreased By ▼ -0.11 (-1.14%)
TELE 8.34 Increased By ▲ 0.02 (0.24%)
TPL 18.10 Increased By ▲ 0.35 (1.97%)
TPLP 12.94 Decreased By ▼ -0.28 (-2.12%)
TREET 21.56 Decreased By ▼ -0.18 (-0.83%)
TRG 59.48 Increased By ▲ 2.59 (4.55%)
Pakistan

JCR-VIS reaffirms entity ratings of STML

Published Updated

imageKARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Sapphire Textile Mills Limited (STML) at `A+/A-1' (Single A Plus/ A-One).

The outlook on the assigned ratings remains positive. The previous rating action was announced on June 1, 2015, said press release on Tuesday.

Ratings take into account the emerging diversification in the corporate profile of the company from a textile products dominated unit to one with diversified revenue streams from investments and wind power projects.

The high growth textile retail segment is another area where company plans to expand its outreach.

Copyright APP (Associated Press of Pakistan), 2016

Comments

Comments are closed for this article.