Press Release

VIS Withdraws Broker Management Rating of KTRADE Securities Limited

Karachi, December 05, 2023: VIS Credit Rating Company Limited (VIS) has withdrawn Broker Management Rating assigned to KTRADE Securities Limited with immediate effect due to management’s decision to discontinue the rating. Previous rating action was announced on September 06, 2022.


For further information on this rating announcement, please contact Mr. Shaheryar Khan at 021-35311861-64 (Ext. 209) and/or the undersigned at 021-35311861-64 (Ext. 106) or email at info@vis.com.pk.


Muhammad Bilal Aftab
Director

Applicable Rating Criteria: Corporates (May 2023):
https://docs.vis.com.pk/docs/CorporateMethodology.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 05, 2023 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.