Press Release

JCR-VIS harmonizes its Corporate Governance and NPO Governance Ratings in line with its expanded governance scales

Karachi, September 15, 2010: JCR-VIS Credit Rating Co Ltd. (JCR-VIS) had published its expanded Corporate Governance Rating (CGR) and NPO Governance Rating (GR) scales on August 19, 2010. In line with this change, JCR-VIS has harmonized all its outstanding ratings on the revised scales:

CATEGORY: Commercial Banks and DFIs

NAME: Allied Bank Ltd.
Previous Rating: CGR 8
Previous Rating Date: 4/30/2009
Harmonized Rating: CGR 8

NAME: Pak Oman Investment Co. Ltd.
Previous Rating: CGR 9
Previous Rating Date: 7/23/2009
Harmonized Rating: CGR 9

NAME: Pakistan Kuwait Investment Company (Pvt.) Ltd.
Previous Rating: CGR 8
Previous Rating Date: 6/28/2008
Harmonized Rating: CGR 8

CATEGORY: Miscellaneous

NAME: Security Papers Ltd.
Previous Rating: CGR 8
Previous Rating Date: 7/16/2010
Harmonized Rating: CGR 8+

CATEGORY: Not for Profit Organizations

NAME: The Citizens Foundation
Previous Rating: GR 8
Previous Rating Date: 6/23/2006
Harmonized Rating: GR 8

For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 501) or Mr. Zia Usmani (Ext: 507) at (+92-21) 35311861-70 or fax to (+92-21) 35311872-73.



Faheem Ahmad
President & CEO

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 September 15, 2010 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.