Briefly discuss short term ratings by Pakistan Credit Rating-00148

Pakistan Credit Rating Agency

1. A1+: highest capacity for timely repayment
2. A1: Strong capacity for timely repayment
3. A2: satisfactory capacity for timely repayment may be susceptible to adverse economic conditions
4. A3: an adequate capacity for timely repayment. More susceptible to adverse economic condition
5. B: timely repayment is susceptible to adverse changes in business, economic, or financial conditions
6. C: an inadequate capacity to ensure timely repayment
7. D: high risk of default or which are currently in default