Press Release

VIS Matures Rating of Islamic Commercial Paper of Rousch (Pakistan) Power Limited

Karachi, June 2, 2023: VIS Credit rating Company Limited (VIS) has matured rating of Islamic Commercial Paper (ICP) issued by Rousch Power (Pakistan) Limited (RPPL) amounting Rs. 1.070b. Issuance and maturity dates of the instrument were December 1, 2022 and May 31, 2023, respectively. Previous rating action was announced on May 15, 2023.

For further information on this rating announcement, please contact Ms. Tayyaba Ijaz, CFA at 042-35723411-13 (Ext. 8005) and/or the undersigned at 021-35311861-4 (Ext. 207) or email at info@vis.com.pk


Sara Ahmed
Director

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

Rating the Issue (November 2021)
https://docs.vis.com.pk/docs/Notchingtheissue202007nov.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 June 02, 2023 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.