
Press Release
VIS Withdraws Entity Ratings of Deokjae Connecting Roads (Private) Limited
Karachi, January 18, 2021: VIS Credit Rating Company (VIS) has withdrawn the entity ratings of ‘A+/A-1’ (Single A Plus/A-One) assigned to Deokjae Connecting Roads (Private) Limited (DCRPL), with immediate effect on account of management’s decision to discontinue the ratings. The previous rating action was announced on March 12, 2020.
For further information on this rating announcement, please contact Mr. Narendar Shankar Lal (Ext: 203) or the undersigned (Ext: 306) at 021-35311861-71 or email at info@vis.com.pk.
Faryal Ahmad Faheem
Deputy CEO
Applicable Rating Criteria: Industrial Corporates (May 2019): https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Corporate-Methodology-201904.pdf
Toll Roads (August 2020): https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/TollRoads202008.pdf