Press Release

VIS Matures Rating of Short Term Sukuk (STS-8) of K-Electric Limited

Karachi, February 28, 2023: VIS Credit Rating Company Limited (VIS) has matured rating of K-Electric Limited’s (KE) Short Term Sukuk (STS-8) issue amounting Rs. 5.0 billion. Issuance and maturity dates of the instrument were August 26, 2022 and February 26, 2023, respectively. Previous rating action was announced on September 13, 2022.

For further information on this rating announcement, please contact Ms. Tayyaba Ijaz, CFA at 042-35723411-13 (Ext. 8005) and/or the undersigned at 021-35311861-66 (Ext. 207) or email at info@vis.com.pk


Sara Ahmed
Director

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 February 28, 2023 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.