Press Release

VIS Suspends Entity Ratings of Ferrous Engineering Industry

Karachi, June 30, 2020: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) assigned to Ferrous Engineering Industry, with immediate effect, due to non-availability of current information for ratings analysis. The ratings will be reassessed as and when the required information is available. The previous rating action was announced on May 23, 2019.

For further information on this rating announcement, please contact Syed Fahim Haider at 042-35723411-13 (Ext: 8006) or the undersigned at 021-35311861-70 (Ext. 201) or mailto:info@vis.com.pk





Faryal Ahmad Faheem
Deputy CEO

Applicable rating criterion: Corporates (May 2019)
https://www.vis.com.pk/kc-meth.aspx

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 June 30, 2020 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.