Press Release

VIS Suspends Entity Ratings of Ejaz Spinning Mills Limited

Karachi, August 31, 2023: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) assigned to Ejaz Spinning Mills Limited (ESML), with immediate effect on account of pending information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was announced on June 27, 2022.
For further information on this rating announcement, please contact Ms. Asfia Amanullah (Ext: 212) or the undersigned (Ext: 207) at 021-35311861-71 or email at info@vis.com.pk.


Sara Ahmed
Director


Applicable Rating Criteria: Industrial Corporates (May 2023)
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale:
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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