Pakistan Credit Rating Agency maintains Ratings of National Power Construction Corporation

Lahore, June 27, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of National Power Construction Corporation Limited (NPCC) at “A” (Single A) and “A1″ (A One), respectively. These ratings denote a low expectation of credit risk while the capacity for timely payment of financial commitments is considered strong.

The ratings reflect demonstrated ability of the company to manage its business risk arising from contract based nature of its operations. NPCC’s established market position and track record in its niche market – design-construct power transmission segment – in Saudi Arabia, supports its business profile.

Meanwhile, the ratings recognize the company’s debt free capital structure along with sound liquidity profile. However, relatively lower quantum of available funds (mainly equity) restrains the company’s ability to tap big projects. The strength of the corporation’s management in terms of their technical expertise, business know-how and resourcefulness are key rating factors.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

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