Press Release

VIS Suspends Management Quality Rating of AWT Investments Limited

Karachi, January 1, 2021: VIS Credit Rating Company (VIS) has suspended the Management Quality Rating (MQR) of ‘AM3+’ (AM Three Plus) assigned to AWT Investments Limited (AWTIL) with immediate effect, due to non-availability of current information for rating analysis. The rating will be reassessed as and when the required information is available. Previous rating action was announced on April 24, 2020.

For further information on this rating announcement, please contact the undersigned (Ext: 301) or Mr. Narendar Shankar Lal (Ext: 203) at 021-35311861-70 or fax to 021-35311873 or info@vis.com.pk.



Faheem Ahmad
President & CEO


Applicable Rating Criteria: Asset Management Companies (June 2019)
https://s3-us-west-2.amazonaws.com/backupsqlvis/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 January 01, 2021 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.