Press Release

VIS withdraws Instrument Ratings of Sindh Nooriabad Power Company (Pvt.) Limited and Sindh Nooriabad Power Company Phase-II (Pvt.) Limited

Karachi, February 14, 2020: VIS Credit Rating Company Limited (VIS) has withdrawn the instrument rating of ‘A+’ (Single A Plus) assigned to Sindh Nooriabad Power Company (Pvt.) Limited and rating of ‘A+’ (Single A Plus) assigned to Sindh Nooriabad Power Company Phase-II (Pvt.) Limited with immediate effect on account of both instruments not being issued. Previous rating actions were announced on November 15, 2018.

For further information on this rating announcement, please contact the undersigned (Ext: 207) or Mr. Javed Callea (Ext: 201) at 021-35311861-70 or fax to 021-35311873 or info@vis.com.pk.




Jamal Abbas Zaidi
Advisor

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 14, 2020 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.