Press Release

VIS Withdraws Insurer Financial Strength Rating of Pak Kuwait Takaful Company Limited

Karachi, February 11, 2021: VIS Credit Rating Company Ltd. (VIS) has withdrawn the Insurer Financial Strength (IFS) rating of ‘BBB’ (Triple B) assigned to Pak-Kuwait Takaful Company Limited (PKTCL) with immediate effect, due to non-renewal of contract. The previous rating action was announced on January 20, 2017.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 204) or the undersigned (Ext. 306) at 021-35311861-70 or email at info@vis.com.pk mailto:info@vis.com.pk.



Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria: General Insurance (November 2019)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Meth-GenInsurance201911.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 11, 2021 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.