Press Release

VIS Suspends Entity Ratings of Denim Clothing Company

Karachi, May 18, 2022: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB/A-2’ (Triple B/A-Two) assigned to Denim Clothing Company (DCC), with immediate effect, due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information is available. Previous rating action was announced on May 17, 2021.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 204) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk




Javed Callea
Advisor

Applicable rating criteria: Industrial Corporates (May 2019)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Corporate-Methodology-201904.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 May 18, 2022 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.