May 15, 2026 (MLN): K-Electric’s (KEL) entity ratings have been reaffirmed at ‘AA/A1+’ (Double A/A One Plus) with a ‘Stable’ outlook by VIS Credit Rating Company.

The medium to long-term rating of ‘AA’ sows high credit quality, with strong protection factors and modest risk that may vary slightly with changing economic conditions.

The short-term rating of ‘A1+’ indicates the strongest likelihood of timely repayment of short-term obligations, supported by robust liquidity factors.

The previous rating action was announced on January 23, 2025.

The reaffirmation emphasizes continued confidence from capital markets and financial institutions in K-Electric, reflecting investor trust in the utility’s performance, growth plans, and future outlook.

According to the rating rationale, K-Electric’s cash flows remain sufficient to support debt servicing.

However, long-term financial projections and capitalization strength remain closely linked to regulatory outcomes under the Multi-Year Tariff (MYT) framework.

Separately, as per a PSX notice issued by the company, the relevant authority has directed K-Electric to transmit its annual financial statements for FY24 and FY25 by June 30, 2026.