Press Release

VIS Withdraws Sukuk 1 Rating of Pakistan Telecommunication Company Limited

Karachi, March 19, 2024: VIS Credit Rating Company Limited (VIS) has withdrawn the instrument rating of Pakistan Telecommunication Company Limited (PTCL)’s medium term secured Sukuk-I of PKR 5 bln on account of non-issuance of the same. The Sukuk’s preliminary rating was issued on May 08, 2023. Assigned instrument rating was ‘AAA’ (Triple A) with a ‘Stable’ outlook. Last rating action was announced on May 08, 2023.

For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.




























Applicable Rating Criteria:
Industrial Corporates
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.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 March 19, 2024 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.