July 16, 2003	Wednesday	Jumadi-ul-Awwal 15, 1424

LAHORE, July 15: The Pakistan Credit Rating Agency (Pacra) has maintained both long-term and short-term ratings of Tri-Pack Films Ltd at “A+” (single A plus) and “A1” (single A one), respectively.

A Pacra announcement said on Tuesday the ratings denoted a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments. The ratings are applicable to senior unsecured creditors of the company.

The TPFL ratings reflect the company’s financial profile emanating from a track record of stable cash flow generation, sound coverage and low gearing. TPFL is exposed to low levels of business risk attributable to its sustained market leadership and the management’s demonstrated capacity to successfully meet any competitive challenges.