NRL ratings revised by PACRA

In a notification sent to PSX on 27/05/2024, National Refinery Limited (NRL) has announced that its ratings have changed to AA and A1 by PACRA.

The Pakistan Credit Rating Agency Limited (PACRA) vide its letter No.NYFY-24-337 dated May 24, 2024 has revised the long term and short term entity ratings of National Refinery Limited (NRL) at “AA” (Previous AAt+) and “A1” (Previous A1+) respectively, with stable outlook. These rating denote very low expectation of credit risk with the strong capacity for timely repayment.

NRL shares were last trading at Rs 282.90 today.