Press Release

VIS Credit Rating Company Withdraws Entity Ratings of Allied Industries Hub (Pvt.) Limited

Karachi, November 16, 2020: VIS Credit Rating Company has withdrawn the entity ratings of ‘BBB/A-2’ (Triple B/A-Two) assigned to Allied Industries Hub (Pvt.) Limited (AIHPL), with immediate effect on account of management’s decision to discontinue the ratings. The previous rating action was announced on September 02, 2020.

For further information on this rating announcement, please contact Mr. Muhammad Ibad (Ext: 205) or the undersigned (Ext. 201) at 021-35311861-70 or email at .

Javed Callea

Applicable Rating Criteria: Industrial Corporates (April 2019)

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2020 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

VIS Credit Rating Company Limited