Press Release

VIS Withdraws Management Quality Rating of ABL Asset Management Company Limited

Karachi, February 15, 2022: VIS Credit Rating Company Limited (VIS) has withdrawn the Management Quality Rating (MQR) of ‘AM2++’ (AM-Two-Double Plus) assigned to ABL Asset Management Company (ABL AMC), with immediate effect on account of the management’s decision to discontinue the rating. The previous rating action was announced on December 31, 2021.

For further information on this rating announcement, please contact Syed Fahim Haider at 042-35723411-13 (Ext: 8006) or the undersigned at 021-35311861-70 (Ext. 201) or email at info@vis.com.pk








Faryal Ahmad Faheem
Deputy CEO

Applicable rating criterion: Asset Management Companies (June, 2019)
https://docs.vis.com.pk/docs/AMC-Methodology-201906.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 15, 2022 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.