Press Release

VIS Withdraws Entity Ratings of Jamshoro Joint Venture Limited

Karachi, February 09, 2022: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘A+/A-1' (Single A Plus/A-One) assigned to Jamshoro Joint Venture Limited (JJVL) with immediate effect. The rating was previously suspended on October 15, 2018 as the operations of the company were halted owing to suspension of gas supply arrangements from Sui Southern Gas Company Limited.

For further information on this rating announcement, please contact Ms. Maham Qasim (042-35723411-13, Ext. 8010) and/or the undersigned at 021-35311861-66 or email at info@vis.com.pk .



Faryal Ahmad Faheem
Deputy CEO

Applicable rating criterion: 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 February 09, 2022 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.