Karachi, May 15, 2026: K-Electric’s (KEL) entity ratings were reaffirmed at ‘AA/A1+’ (Double A/A One Plus) with a ‘Stable’ outlook by VIS Credit Rating Company. Medium to long-term rating of ‘AA’ denotes high credit quality; protection factors are strong; risk is modest but may vary slightly from time to time because of economic conditions. Short-term ratings of ‘A1+’ indicates strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors. Previous rating action was announced on January 23, 2025.
This development reaffirms the trust and faith capital markets and financial institutions place in KE, while also being a reflection of investor confidence in KE’s performance, growth plans, and future outlook.
The assigned ratings are supported by KE’s cash flows that continue to support debt servicing. Meanwhile, long-term financial projections and capitalization strength are closely linked to regulatory outcomes under the Multi-Year Tariff (MYT) framework.
As per the PSX notice issued by the Company, the relevant authority has advised KEL to transmit its annual financial statements for FY24 & FY25 latest by June 30, 2026.