Press Release

VIS Matures Sukuk Ratings of International Brands Private Limited (IBL)

Karachi, May 26, 2022: VIS Credit Rating Company has matured the entity ratings of ‘AA’ (Double A) assigned to International Brands (Private) Limited’s (IBL) Sukuk issue amounting Rs. 2.8b. Issuance and maturity dates of the instrument were October 02, 2017 and May 13, 2022, respectively. The previous rating action was announced on February 18, 2021.

For further information on this rating announcement, please contact Ms. Asfia Aziz or the undersigned (Ext: 306) at (021) 35311861-66 or email at

Faryal Ahmed Faheem
Deputy CEO

VIS Entity Rating Criteria: Corporates (August 2021)

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 2022 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

VIS Credit Rating Company Limited