Rating of PPTFC of
Following is the text of press release issued by
The rating incorporates the profile of sponsors, having extensive experience in the hospitality sector.
Furthermore the group also manages an apartment hotel in
Hospitality industry has witnessed an uptick in recent period. An overall improvement in occupancy rates has been witnessed by Avari Hotels Lahore and Avari Tower Karachi. Accordingly, the company's top-line has posted improvement, while gross margin has remained consistent over the years.
Leverage indicators of the company have showcased improvement on a timeline basis, albeit they continue to remain on the higher side. The PPTFC issue has one installment remaining, which is due for payment in
For more information, contact:
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