Press Release

VIS Withdraws Entity Ratings of Waves Corporation Limited (Formerly Waves Singer Pakistan Limited)

Karachi, December 27, 2022: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘A/A-2’ (Single A/A-Two) with ‘Rating Watch-Developing’ Status assigned to Waves Corporation Limited (formerly Waves Singer Pakistan Limited), with immediate effect, on account of the management’s decision to discontinue the ratings. Previous rating action was announced on January 13, 2022.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 206) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk




Javed Callea
Advisor

Applicable Rating Criteria: Industrial Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.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 December 27, 2022 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.