Loading ...

Jazz’s long-term credit rating updated to ‘AA’ by PACRA


The Pakistan Credit Rating Agency Limited (PACRA) has upgraded Jazz’s long-term rating to the highest credit quality of ‘AA’ with a stable outlook. The rating depicts the strong financial depth of the company in the industry. This review was conducted by incorporating the company’s business profile and performance with the long-term rating dependent upon the leading market position, healthy revenue growth and profitability, and dynamic financial environment.
Jazz’s long-term credit rating updated to ‘AA’ by PACRA


An upgrade to its credit rating allows Jazz far-reaching market access to meet the funding pertinent for technology upgrade and 4G network expansion. Moreover, it also reflects on its strong financial profile, liquidity and commitment towards the lending community.

PACRA highlighted in its report that the company's financial profile exhibits a stable outlook demonstrated by eased working capital strategies, comfortable coverages and moderate leveraging (Dec'20).

As Pakistan's largest telecom operator, Jazz holds 38% market share with 69 million subscribers (at the time of the review i.e. 21 March 2021). Jazz is also the market leader in 4G after witnessing remarkable growth in 4G subscribers (61%) during CY20.

Gabor Kocsis, CFO - Jazz said, “Jazz’s high credit rating reaffirms its leadership position within the local cellular industry. It also indicates that we were able to cope with the pandemic and other unexpected challenges. The company’s strategy focuses on investing in 4G network expansion, promoting the uptake of digital financial services and digital tools, and increasing its share in the local market through innovative offerings and providing cutting edge business solutions. Jazz will continue to optimize its operational costs in a way that encourages innovation and provides better services and products to customers as well as outstanding returns to shareholders”.

PACRA is Pakistan’s first rating agency and its rating lends credence to the financial competence and the strength of the company.

COMMENTS

BLOGGER
Name

5G,1,Aagha Ali,8,Aamir Khan,1,Abaya,7,Abbas Ashraf,1,Adnan Siddiqui,1,Afifa Jibran,2,Afsaneh,1,Ahmed Ali Butt,1,Ahmed Godil,5,Ahsan Khan,5,Aima Baig,24,Aiman khan,81,Ali Ansari,2,Ali Xeeshan,1,Ali Zafar,3,Alishba Anjum,1,Alizeh Shah,28,Alizeh Tahir,3,Alizey,1,Alkaram,4,Almirah,4,Alyzeh,1,Amal Muneeb,7,Amar Khan,2,Amina Shiekh,3,Amna Ilyas,4,Amna Malik,3,Android,27,Angin Altan,1,Anmol Baluch,9,Anoushay Abbasi,1,Anum Fayaz,1,Anumta Qureshi,3,Apple,9,Apps,189,Areeba Habib,3,Areeka Haq,1,Arij Fatima,1,Arisha Razi,3,Armeena,5,Asim Azhar,6,Asim Jofa,8,Asma Abbas,1,Atif Aslam,5,Atiqa Odho,1,Ayesha Khan,7,Ayesha Umer,13,Ayeza Khan,120,Azekah,5,Bakhtawar,2,Beech Tree,3,Benita David,1,Bollywood,85,Bonanza Satrangi,10,Bridal Collection,1,Bridal Dresses,67,Burcu Kiratli,2,Burcu kıratlı,1,Bushra Amir,3,Bushra Ansari,3,Celebrities,3086,Children Prints,11,Coronavirus,1,Cross Stitch,2,Daniyal Raheel,1,Dresses,419,Dua Malik,4,Dur-e-Fishan,3,Edenrobe,7,Eman Suleman,5,Ertugrul,25,Esra,8,Facebook,11,Fahad Mirza,2,Fahad Mustafa,14,Faisal Qureshi,13,Faiza Saqlain,1,Faizan Sheikh,4,Falak,15,Faryal Makhdoom,3,Faryal Mehmood,7,Fashion,508,Fatima Effendi,21,Fatima Sohail,5,Fawad Khan,4,Feroze Khan,4,Firdous,3,Firefox,2,Fiza Ali,12,Food,11,Froggy,4,Gadgets,275,Gents Dress,49,Ghana Ali,8,Gmail,3,Gokce,1,Google,22,Google Assistant,4,Google Duo,2,Google Gboard,2,Google Maps,5,Google Photos,3,Google Pixel,1,Gul Ahmed,19,Gul Panra,1,Hadiqa Kayani,2,Hair Styles,9,Hajra Yamin,3,Halime,12,Hamza Ali,21,Hania Amir,36,Hareem Farooq,6,Hareem Shah,6,Hassan Ali,2,Health,12,Hiba Bukhari,6,Hijab,6,Hina Altaf,23,Hina Mirza,1,Hira Mani,55,Hollywood,30,How To,54,HP,1,HTC,2,Huawei,103,Humaima,3,Humayun Saeed,8,Iman Aly,1,Imran Ashraf,4,Imran Khan,1,Imrozia,1,Infinix,12,Instagram,16,iOS,35,IPhone,1,Iqra Aziz,69,Iqrar Ul Hassan,21,Ittehad,3,IVY,1,Iznik,1,Jannat Mirza,8,jav,1,Javeria,23,Jazmin,2,Jeans,1,Juggan,6,Junaid Jamshed,9,Junaid Khan,8,Kanwal Aftab,9,Kayseria,3,Khaadi,12,Khalil-Ur-Rehman,9,Kinza Hashmi,23,Kiran Haq,12,Komal Aziz,1,Komal Rizvi,8,Kompal Iqbal,2,Kubra Khan,7,Ladies Cloths,301,Laibba Khan,1,Lenovo,4,LG,7,Lifestyle,194,Limelight,1,Madiha Imam,2,Madiha Naqvi,2,Maham Amir,1,Mahira,46,Mahum Asad,1,Makeup,6,Malala,3,Mansha,8,Maria B,11,Maryum N Maria,1,Mashal Khan,5,Masummery,1,Mathira,1,Mawra Hocane,22,Maya Ali,58,Maya Khan,1,Meera,2,Mehar Bano,4,Mehndi Styles,50,Mehwish Hayat,28,Microsoft,2,Mikaal Zulfiqar,1,Minal Khan,74,Mix topics,314,Mobilink,39,Momal Sheikh,13,Momina Iqbal,4,Momina Mustahsen,5,Moomal Khalid,1,Motorola,5,Mughal,1,Muneeb Butt,14,Music,47,Nadia Jamil,1,Nadia Khan,6,Naheed,1,Nail Art,4,Naimal,40,Natasha Khalid,4,Nauman Ijaz,2,Naveed Raza,1,Navin Waqar,1,Nawal Saeed,5,Nayatel,1,Nazish Jahangir,2,Neelam Muneer,11,Netflix,1,Nida Yasir,33,Nimra Ali,3,Nimra Khan,27,Nishat Linen,6,Nokia,10,Noor Bukhari,4,Nubia X,2,OnePlus,6,Oppo,8,Orient,1,Origins,1,Pixel,1,Press Release,130,PSL,5,PSL 6,1,PTCL,8,PUBG,1,Qalamkar,3,Quarantine,2,Rabeeca Khan,5,Rabi Pirzada,9,Rajbari,1,Ramadan 2020,1,Ramsha Khan,2,Rang Rasiya,5,Rea Rana,3,Realme,52,Reema Khan,15,Resham,4,Saba Faisal,4,Saba Qamar,28,Sabeeka Imam,6,Sabeena,2,Saboor Aly,17,Sadaf kanwal,22,Sadia,3,Sadia Faisal,9,Sadia Ghaffar,6,Sadia Imam,1,Sadia Khan,12,Saheefa,9,Sahiba,1,Sajal Ali,58,Salman Saeed,3,Sami Khan,1,Samsung,35,Samyah,4,Sana Fakhar,13,Sana Javed,15,Sana Khan,2,Sana Safinaz,4,Sana Sarfaraz,1,Sana Yasir,1,Sanam Baloch,3,Sanam Chaudhry,5,Sanam Jung,20,Sania Mirza,13,Saniya Shamshad,17,Sapphire,5,Sara Loren,1,Sara Razi,5,Sarah Khan,50,Sarwat Gilani,7,Saud,5,Shagufta Ijaz,4,Shahid Afridi,5,Shahroz,5,Shahrukh Khan,1,Shahzad Sheikh,2,Shaista Lodhi,7,Sham Idrees,6,Shaniera,1,Shawls,1,Sheheryar Munawar,11,Shehzad Roy,1,Shehzad Sheikh,3,Shoes,13,Showbiz,3307,Showbiz Articles,36,Sidra Batool,2,Skype,1,Snapchat,1,Sohai,2,Sony,4,Sonya Hussain,10,Sports,118,Spotify,3,Srha Asghar,4,Startups,2,Stylo,1,Sumbal,20,Summer Outfits,156,Suzain,2,Syed Jibran,18,Syra,8,Tahir Shah,2,Tech,603,Tecno,55,Telenor,6,TikTok,12,Tuba Aamir,8,TV Series,282,Twitter,3,Uber,3,Ufone,2,Uroosa,5,Urwa Hocane,24,Ushna Shah,8,Uzma Khan,2,Veena Malik,3,Vena Malik,3,Videos,104,Vivo,15,Wahaj Ali,3,Waliya Najib,5,Warda,5,WhatsApp,20,Windows,15,Winter Collection,93,WordPress,1,Xiaomi,16,Yashma Gill,7,Yasir Hussain,4,Yasra Rizvi,5,YouTube,4,Yumna Zaidi,9,Yumnah,1,Zahid Ahmed,2,Zaid Ali,1,Zara Noor,25,Zara Shahjahan,2,Zarnish,15,Zeb Bangash,1,zeenwomen,1,Zhalay,2,Zong,7,Zoya Nasir,3,Zubab Rana,5,
ltr
item
Daily InfoTainment: Jazz’s long-term credit rating updated to ‘AA’ by PACRA
Jazz’s long-term credit rating updated to ‘AA’ by PACRA
https://lh3.googleusercontent.com/-6EKzxUK29Xg/YLCAxXKCFsI/AAAAAAABINU/wazYq9bRTXEuqFTngz_COk7u2fkS03pVACLcBGAsYHQ/s0-rw-l50/1622180034401124-0.png
https://lh3.googleusercontent.com/-6EKzxUK29Xg/YLCAxXKCFsI/AAAAAAABINU/wazYq9bRTXEuqFTngz_COk7u2fkS03pVACLcBGAsYHQ/s72-c-rw-l50/1622180034401124-0.png
Daily InfoTainment
https://www.dailyinfotainment.com/2021/05/jazzs-long-term-credit-rating-updated.html
https://www.dailyinfotainment.com/
http://www.dailyinfotainment.com/
http://www.dailyinfotainment.com/2021/05/jazzs-long-term-credit-rating-updated.html
true
3600554654078239861
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content