Press Release

VIS Matures Rating of Sukuk 1 of Aspin Pharma (Private) Limited

Karachi, February 16, 2024: VIS Credit Rating Company Limited (VIS) has matured rating of Aspin Pharma (Private) Limited Sukuk-1 issue amounting Rs. 1.5 billion. Issuance and maturity dates of the instrument were November 30, 2017 and November 30, 2023, respectively. Previous rating action was announced on October 04, 2023.

For further information on this ratings announcement, please contact Mr. Saeb Muhammad Jafri (Ext: 202) or the undersigned (Ext: 207) on 021-35311861-64 or email at info@vis.com.pk.









Sara Ahmed
Director


Applicable Rating Criteria: Corporates:
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
Applicable Rating Criteria: Rating the Issue:
https://docs.vis.com.pk/docs/Rating-the-Issue-Aug-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 February 16, 2024 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.