VIS Assigns Initial Fund Stability Rating to HBL Total Treasury Exchange Traded Funds VIS Maintains Entity Rating of Towellers Limited VIS Downgrades Entity Ratings of Veda Transit Solutions (Private) Limited VIS Suspends Entity Ratings of Pak Kuwait Textiles Limited VIS Upgrades Entity Rating of FFBL Power Company Limited VIS Reaffirms Entity Ratings of Olympia Oils (Pvt.) Limited VIS Update on Entity Ratings of FINCA Microfinance Bank Limited VIS Assigns Initial RMC Management Quality Rating to Sinolink REIT Management Company Limited VIS Maintains Entity Ratings of Novatex Limited VIS Suspends Entity Ratings of Omar Jibran Engineering Industries Limited

China Chengxin International Credit Rating Co.Ltd CCXI:    Press Release    |    COUNTRY RISK REPORT ALONG THE BELT AND ROAD (2022)

International Collaborations:    Japan Credit Rating Agency, Ltd    |    China Chengxin International Credit Rating Co., Ltd


Press Release:    VIS Announces Strategic Promotions in Executive Leadership

Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
HBL Total Treasure Exchange Traded Fund 3/28/2025 Fund Stability
AA- (f) High degree of stability in Net Asset Value; Risk is modest but may vary slightly from time to time because of changing economic conditions.
Initial
Veda Transit Solutions (Pvt.) Limited 3/28/2025 Entity
D Defaulted obligations
Default
Towellers Limited 3/28/2025 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Maintained
Pak kuwait Textiles Limited 3/27/2025 Entity
Suspended
FFBL Power Company Ltd 3/27/2025 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Upgrade
Olympia Oils (Pvt) Limited 3/26/2025 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Reaffirmed
FINCA Microfinance Bank Limited 3/25/2025 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Rating Watch - Developing Note
Sinolink REIT Management Company Limited 3/24/2025 Management Quality
AM3 (RMC) Asset manager exhibit Good management characteristics.
Stable Initial
Novatex Limited 3/20/2025 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A1+ Strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors
Stable Maintained
Omar Jibran Engineering Industries Limited 3/20/2025 Entity
Suspended
See All