LAHORE, Feb 6: The Pakistan Credit Rating Agency (Pacra) has maintained the entity rating of Khadam Ali Shah Bukhari & Co (KASB) at “A” (single A) for long-term and “A1” (A one) for short-term.

The assigned ratings denote a high credit quality with low expectation of credit risk and a strong capacity for timely payment of financial obligations. These ratings are applicable to the senior unsecured creditors of the company, according to a news release issued by Pacra here on Thursday.

The ratings assigned to KASB reflect the continuing low credit risk emanating from the sound capital structure of the company, says Pacra. At the same time, the release says, the ratings also take into account the volatility risk in performance arising from stock market fluctuations.