Press Release

VIS Credit Rating Company matures Rating of Islamic Commercial Paper of K-Electric Limited

Karachi, July 09, 2021: VIS Credit Rating Company Limited (VIS) has matured rating of K-Electric Limited’s (KE) Islamic Commercial Paper (ICP-13) issue amounting Rs. 4.0billion. Issuance and maturity dates of the instrument were October 20, 2020 and April 20, 2021, respectively. Previous rating action was announced on October 26, 2020.


For further information on this rating announcement, please contact the undersigned (Ext: 101) or Ms. Asfia Aziz at 92-21-35311861-70 or fax to 92-21-35311873.



Saeed Khan
Executive Director, Finance

Applicable Rating Criteria: Industrial Corporate (April 2019)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Corporate-Methodology-201904.pdf

Rating The Issue (July 2020)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Notchingtheissue202007.pdf

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 April 05, 2021 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.