VIS Reaffirms Entity Ratings of Olympia Oils (Pvt.) Limited VIS Update on Entity Ratings of FINCA Microfinance Bank Limited VIS Assigns Initial RMC Management Quality Rating to Sinolink REIT Management Company Limited VIS Maintains Entity Ratings of Novatex Limited VIS Suspends Entity Ratings of Omar Jibran Engineering Industries Limited VIS Matures Rating of Short Term Sukuk-7 of Pakistan Telecommunication Company Limited VIS Maintains Entity Rating of Union Apparel (Private) Limited VIS Maintains Entity Rating of Union Fabrics (Private) Limited VIS Reaffirms Entity Ratings of Garibsons (Private) Limited VIS Assigns Initial REIT Rating to IMAGE 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
Olympia Oils (Pvt) Limited 3/26/2025 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
Stable Reaffirmed
FINCA Microfinance Bank Limited 3/25/2025 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
Rating Watch - Developing Note
Sinolink REIT Management Company Limited 3/24/2025 Management Quality
AM3 (RMC) Asset manager exhibit Good management characteristics.
Stable Initial
Novatex Limited 3/20/2025 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A1+ Strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors
Stable Maintained
Omar Jibran Engineering Industries Limited 3/20/2025 Entity
Suspended
Pakistan Telecommunication Company Limited 3/20/2025 STS-7
Matured
Union Apparel (Pvt) Ltd 3/20/2025 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
Rating Watch - Developing Maintained
Union Fabrics (Pvt) Ltd 3/20/2025 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
Rating Watch - Developing Maintained
Garibsons (Pvt) Ltd. 3/19/2025 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
Stable Reaffirmed
IMAGE REIT 3/19/2025 REIT Rating
RFR3(hr) Successful implementation of REIT project is likely. Risk factors impacting value of REIT assets may vary with possible changes in the economy over the foreseeable future.
Stable Initial
See All