PABC receives stable outlook from PACRA

In a notification sent to PSX on 28/06/2024. Pakistan Aluminium Beverage Cans Limited (PABC) has announced that it achieves AA- long term rating.

We are pleased to inform that the Pakistan Credit Rating Agency Limited {PACRA), a leading credit rating agency providing independent rating services in Pakistan, in its press release issued on June 27, 2024, has upgraded credit rating of Pakistan Aluminium Beverage Cans Limited (PABC) as “AA-” (Long Term) and “AL” (Short Term) with “Stable” outlook [previously “A+” (Long Term) and “Ai” (Short Term) with “Stable” outlook] . The copy of above-mentioned press release attached. This credit rating emphasizes PABC’s strong financial standing and stability, reinforces confidence in the Company’s operations and presents a favorable outlook for its sharehoiders.

PABC shares were trading at at Rs 73.85 today.