JCR-VIS upgrades ratings of Hascol Petroleum Limited

KARACHI: JCR-VIS Credit Rating Company Ltd (JCR-VIS) has upgraded the entity ratings of Hascol Petroleum Limited (HPL) to ‘AA-/A-1’ (double A minus/A-one) from ‘A+/A-1’ (single A plus/A-one). Rating of HPL’s secured Sukuk issue of Rs2 billion has also been upgraded to ‘AA’ (double A) from AA- (double-A-minus). Outlook on the assigned ratings is ‘stable’. The Read More