Faheem Ahmad

Founder VIS Group

President & CEO

VIS Credit Rating Company Limited


Director - ACRAA

Vice-Chairman (2018-2023)

Chairman (2013-2017)

Association of Credit Rating Agencies in Asia


President - Strategic

Planning and Global Relationships

Islamic International Rating Agency

VIS Reaffirms Entity Ratings of Maple Leaf Cement Factory Limited VIS Update on Broker Fiduciary Rating of First National Equities Limited VIS Reaffirms Entity Ratings of NASDA Green Energy Limited VIS assigns final rating to the Short Term Sukuk (STS-27) of K-Electric Limited (KE) VIS Reaffirms Sukuk Rating of Javedan Corporation Limited VIS Reaffirms Entity Ratings of Javedan Corporation Limited VIS Maintains Entity Ratings of Growth Securities (Private) Limited VIS Reaffirms Entity Rating of Sapphire Textile Mills Limited VIS Maintains Entity Ratings of Taurus Securities Limited VIS Reaffirms Entity Ratings of Al-Ghazi Tractors 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
Maple Leaf Cement Factory Ltd 10/11/2024 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed
First National Equities Limited 10/10/2024 BFR
BFR3+ Good fiduciary standards
Rating Watch - Developing Maintained
NASDA Green Energy Limited 10/10/2024 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Reaffirmed
K-Electric Limited 10/10/2024 STS-27
A-1+ Strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors
Final
Javedan Corporation Ltd. 10/9/2024 Sukuk 1
AA- High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Javedan Corporation Ltd. 10/9/2024 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed
Sapphire Textile Mills Limited 10/7/2024 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed
Growth Securities (Pvt) Limited 10/7/2024 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Maintained
Taurus Securities Limited 10/4/2024 Entity
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Maintained
Al-Ghazi Tractors Ltd. 10/3/2024 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Reaffirmed
See All