Press Release

VIS Withdraws Entity Ratings of Superhighway Construction Operation and Rehabilitation Engineering (Pvt.) Limited

Karachi, December 07, 2023: VIS Credit Rating Company Limited (VIS) has withdrawn entity ratings of ‘AA-/A-1’ (Double AA Minus/A-One) assigned to Superhighway Construction Operation and Rehabilitation Engineering (Pvt.) Limited (SCORE), with immediate effect, on account of the management’s decision to discontinue the ratings. Previous rating action was announced on October 20, 2022.

For further information on this rating announcement, please contact the undersigned at 021-35311861-64 (Ext. 207) or email at info@vis.com.pk.


Sara Ahmed
Director

Applicable Rating Criteria:

VIS Rating Criteria: Industrial Corporates (May 2023)
https://docs.vis.com.pk/docs/CorporateMethodology.pdf

VIS Rating Criteria: Toll Roads (September 2023)
https://docs.vis.com.pk/docs/TollRoads_2023.pdf

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.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 December 07, 2023 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.