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xpertwriter's review
Investment Sector: IPO / Secondary Offering Submitted by Xpertwriter 
, CEO At E-HostingJunction.com
at Spectrum Resumes , Inc
about 1 month ago Add Tag |
SNGPL Rating AA , A1+
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The Pakistan credit rating agency (Pacra) has maintained the long-term and short-term entity ratings of Sui Northern Gas Pipelines limited (SNGPL) at AA (Double A), and A1+ (A One Plus) respectively. The ratings denote a very low expectation of credit risk and a very strong capacity for timely payment of financial commitments.
The ratings reflect SNGPL's low business risk emanating from its monopolist position in its area of franchise (Punjab and NWFP), catering to majority of the country's population.
The Government of Pakistan guaranteed return on SNGPL's increasing average net operating assets, providing incentive for future expansion, is also a key-rating factor. Moreover, the ratings also incorporate the company's very strong financial profile, stemming from a low leveraged capital structure, robust cash flows and healthy liquidity
The ratings reflect SNGPL's low business risk emanating from its monopolist position in its area of franchise (Punjab and NWFP), catering to majority of the country's population.
The Government of Pakistan guaranteed return on SNGPL's increasing average net operating assets, providing incentive for future expansion, is also a key-rating factor. Moreover, the ratings also incorporate the company's very strong financial profile, stemming from a low leveraged capital structure, robust cash flows and healthy liquidity
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