Faheem Ahmad

Founder VIS Group

President & CEO

VIS Credit Rating Company Limited


Director - ACRAA

Vice-Chairman (2018-2023)

Chairman (2013-2017)

Association of Credit Rating Agencies in Asia


President - Strategic

Planning and Global Relationships

Islamic International Rating Agency

VIS Reaffirms Entity Ratings of Adam Securities Limited VIS Matures Rating of Short Term Sukuk-6 of Pakistan Telecommunication Company Limited VIS Reaffirms IFS Rating of EFU General Insurance Limited VIS Upgrades Entity Ratings of Bhimra Textile Mills (Pvt) Ltd VIS Reaffirms Entity Ratings of HKB Retail (SMC Pvt.) Limited VIS Reaffirms Entity Rating of Unity Foods Limited VIS Finalizes Rating of Short Term Sukuk of Citi Pharma Limited VIS Finalizes Rating of Short Term Sukuk of Aspin Pharma (Private) Limited VIS Upgrades Short-Term Entity Rating of Sazgar Engineering Works Limited VIS Reaffirms Development REIT Rating of Globe Residency REIT

China Chengxin International Credit Rating Co.Ltd CCXI:    Press Release    |    COUNTRY RISK REPORT ALONG THE BELT AND ROAD (2022)

International Collaborations:    Japan Credit Rating Agency, Ltd    |    China Chengxin International Credit Rating Co., Ltd


Press Release:    VIS Announces Strategic Promotions in Executive Leadership

Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Adam Securities Limited 2/21/2025 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Positive Reaffirmed
Pakistan Telecommunication Company Limited 2/20/2025 STS-6
Matured
EFU General Insurance Limited 2/19/2025 IFS
AA++ (IFS) Very Strong.Very Strong capacity to meet policy holders and contract obligations. Risk factors are very low, and the impact of any adverse business and economic factors is expected to be very small.
Stable Reaffirmed
Bhimra Textile Mills (Pvt) Limited 2/18/2025 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Upgrade
HKB Retail (SMC-Pvt) Limited 2/18/2025 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A3 Fair likelihood of timely repayment of short-term debt obligations with satisfactory liquidity factors
Stable Reaffirmed
Unity Foods Limited 2/13/2025 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Negative Reaffirmed
Citi Pharma Limited 2/13/2025 STS
A1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Final
Aspin Pharma (Pvt) Limited 2/13/2025 STS
A1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Final
Sazgar Engineering Works Limited 2/12/2025 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Positive Upgrade
Globe Residency - REIT 2/12/2025 REIT Rating
RFR2(dr) Successful implementation of REIT project is very likely. Risk factors impacting value of REIT assets are modest over the foreseeable future.
Stable Reaffirmed
See All