The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the credit ratings of Martin Dow Limited (MDL) to A+ (Long Term) and A1 (Short Term) with a Stable Outlook, reflecting the company’s strong financial position and resilient performance.
According to PACRA, the improved rating is a result of MDL’s robust financial profile, sound governance framework, and consistent ability to meet its operational and financial commitments. The recognition also underscores the company’s agility in navigating industry challenges while maintaining steady growth.
Commenting on the development, Mr. Abdul Samad Haroon, Group Chief Financial Officer at Martin Dow, said:
“This rating upgrade reaffirms the high standards we uphold across our business and strengthens our resolve to pursue responsible growth, delivering healthcare solutions that enhance the well-being of people in Pakistan and beyond.”
Looking ahead, Martin Dow Limited plans to broaden its product portfolio with new launches and expand its footprint in export markets. These initiatives aim to further enhance the company’s growth trajectory while reinforcing its role in advancing healthcare both domestically and internationally.