Press Release

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

Karachi, October 26, 2021: VIS Credit Rating Company Limited (VIS) has matured rating of K-Electric Limited’s (KE) Islamic Commercial Paper (ICP-14) issue amounting Rs. 4.5billion. Issuance and maturity dates of the instrument were February 10, 2021 and August 10, 2021, respectively. Previous rating action was announced on April 06, 2021.


For further information on this rating announcement, please contact the undersigned (Ext: 306) or Ms. Asfia Aziz at 92-21-35311861-70 or fax to 92-21-35311873.



Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria: Industrial Corporate (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

Rating The Issue (July 2020)
https://docs.vis.com.pk/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 October 26, 2021 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.