PACRA

PACRA Updates Entity Ratings of National Refinery Limited – Rating Watch

PACRA Updates Entity Ratings of National Refinery Limited – Rating Watch

The ratings reflect National Refinery Limited’s (NRL) association with the integrated oil group – Attock Group (AG). The strength of the Company is its base oil business wherein NRL possesses a notable share in meeting the economy’s demand for lubricants. The local refinery sector took a toll owing to deteriorating economic conditions of the country….