Press Release

VIS Suspends Entity Ratings of Shafi Lifestyle (Private) Limited

Karachi, November 09, 2021: VIS Credit Rating Company Ltd. (VIS) has suspended the entity ratings of ‘BBB+/A-2’ (Triple B plus/A-Two) assigned to Shafi Lifestyle (Pvt) Limited, with immediate effect, due to non-availability of information for rating analysis. The ratings will be reassessed as and when the required information is available. Previous rating action was announced on August 26, 2020.

For further information on this rating announcement, please contact Ms. Sara Ahmed (Ext: 207) or the undersigned (Ext. 306) at 021-35311861-70 or email at info@vis.com.pk






Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria: Industrial Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

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