Press Release

VIS Suspends Ratings of Masood Textile Mills Limited
 

Karachi, August 06, 2021: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (Single A minus/A-Two) assigned to Masood Textile Mills Limited (MTML) along with its Sukuk rating of ‘A’ (Single A), with immediate effect, due to non-payment of the rating fee for the current period. The ratings will be reassessed as and when the matter is resolved. The previous rating action was announced on April 27, 2020.

For further information on this rating announcement, please contact Ms. Maham Qasim (042-25723411-13, Ext: 8005) or the undersigned at 021-35311861-70 or email at info@vis.com.pk.



Faryal Ahmad Faheem
Deputy CEO

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VIS Credit Rating Company Limited