PACRA upgrades Ghandhara Automobiles’ rating to A+
The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of Ghandhara Automobiles Limited (PSX: GAL) to A+ from A, while maintaining its short-term rating at A1 and outlook at Stable.
October 19, 2026 (MLN): The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the long-term entity rating of Ghandhara Automobiles Limited (PSX: GAL) to A+ from A, while maintaining its short-term rating at A1 and outlook at Stable. The rating upgrade shows GAL’s sustained revenue growth for the second consecutive year, improving profitability, market share gains in the truck and pickup segments, and a stro...