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 Rating of Comfort Knitwears (Pvt.) Limited VIS Maintains Entity Ratings of Engro Powergen Qadirpur Limited VIS Matures Ratings of Short Term Sukuk of OBS Pharma (Private) Limited VIS Reaffirms Entity Rating of Fatima Fertilizer Company Limited VIS Maintains Entity Ratings of Archroma Pakistan Limited VIS Reaffirms Entity Ratings of Rajby Textiles (Private) Limited VIS Reaffirms Entity Ratings of Darson Securities Limited VIS Assigns Final Rating to the Sukuk of Al-Karam Textile Mills (Private) Limited VIS Assigns Preliminary Rating to Proposed Short Term Sukuk of Al Karam Textile Mills (Private) Limited VIS Maintains Entity Ratings of Shahmurad Sugar Mills 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

Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Comfort Knitwears (Pvt) Ltd 9/5/2024 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
Engro Powergen Qadirpur Limited 9/4/2024 Entity
AA- High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Stable Maintained
OBS Pharma (Pvt) Limited 9/4/2024 STS
Matured
Fatima Fertilizer Company Limited 9/3/2024 Entity
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Strongest likelihood of timely repayment of short-term obligations with outstanding liquidity factors
Stable Reaffirmed
Archroma Pakistan Ltd 9/3/2024 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Negative Maintained
Rajby Textiles (Pvt) Limited 9/3/2024 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
Darson Securities (Pvt) Limited 8/30/2024 Entity
BBB+ Adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy.
A-2 Good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors
Stable Reaffirmed
Al-Karam Textile Mills (Pvt) Limited 8/27/2024 STS
A-1 Strong likelihood of timely repayment of short-term obligations with excellent liquidity factors
Preliminary
Al-Karam Textile Mills (Pvt) Limited 8/27/2024 Sukuk 1
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Final
Gamalux Oleochemicals Limited 8/26/2024 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
See All