Press Release

JCR-VIS withdraws Insurer Financial Strength Rating of Pakistan Reinsurance Company Limited

Karachi, January 25, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the insurer financial strength rating of ‘AA’ (Double A) assigned to Pakistan Reinsurance Company Limited, with immediate effect, on account of non-renewal of rating contract. Previous rating action was announced on April 26, 2016.

For further information on this rating announcement, please contact the undersigned (Ext: 207) or Mr. Javed Callea (Ext: 201) at 021-35311861-70 or fax to 021-35311873.

Jamal Abbas Zaidi
Advisor

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 January 25, 2017 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.