PSO gets 'AAA' & 'A1+' ratings

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long term and short term entity ratings of Pakistan State Oil Company Limited at “AAA” (Triple A) and “A1+” (A one plus), respectively.

These ratings denote the lowest expectation of credit risk emanating from an exceptionally-strong capacity for timely payment of financial commitments. These are the best ratings on Pacra’s rating scale.

The rating reflects PSO’s very strong capital structure, sustained robust performance and improving cash flows. At the same time, the ratings take into account the company’s continuous quest for efficiency improvement, expanding product range and increasing automation. This augments the company’s inherent competitive advantage emanating from its vast infrastructure and geographical spread in terms of retail outlets.