Press Release

VIS withdraws Entity Ratings of Vision Developers (Private) Limited

Karachi, November 5, 2020: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) assigned to Vision Developers (Pvt.) Limited with immediate effect on account of management’s decision to discontinue the ratings. The previous rating action was announced on December 17, 2019.

For further information on this rating announcement, please contact the undersigned (Ext: 306) or Mr. Talha Iqbal (Ext: 213) at 021-35311861-71 or fax to 021-35311872-3.



Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria:
Industrial Corporates - April 2019
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Corporate-Methodology-201904.pdf
Real Estate Developers - August 2017
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/RealEstate%20Methodology%20201708.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 November 05, 2020 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.