Investor Presentaiton

Cement Rating Curve • PACRA rates 9 clients in the cement sector. Rating bandwidth of the sector is A- to AA-. • Collectively PACRA rated clients makeup ~60% of the total sector in terms of its production capacity. Number of clients 5 m N 1 PACRA Rating Universe 0 BBB+ A- A A+ AA- AA AA+ Rating Curve PACRA Source: PACRA Internal Database 16

View entire presentation