Martin Dow Limited has received an upgraded credit rating of A+ (Long Term) and A1 (Short Term) with a Stable Outlook from The Pakistan Credit Rating Agency Limited (PACRA), reflecting an improved financial profile, strong governance, and the company’s ability to meet its obligations while pursuing growth.
PACRA’s upgrade recognizes strengthened financial metrics and a robust governance framework at Martin Dow Limited (MDL). The agency cited consistent operational performance and resilience in navigating industry challenges as key factors supporting the higher rating and the Stable Outlook.
The improved rating signals confidence in MDL’s capacity to meet its business and financial commitments. PACRA’s assessment highlights the company’s sustained stability and the effectiveness of its management practices in maintaining credit quality amid sector pressures.
MDL’s Group Chief Financial Officer, Abdul Samad Haroon, said the upgrade reaffirms the high standards maintained across the business and reinforces the company’s commitment to responsible growth. He emphasized that the rating will support MDL’s efforts to continue delivering healthcare solutions in Pakistan and abroad.
Looking ahead, MDL plans to expand its product portfolio through new launches and to pursue opportunities in export markets. Management believes these initiatives will strengthen growth prospects and further the company’s contribution to advancing healthcare regionally and internationally.
