Press Release

VIS Withdraws Rating of Proposed Convertible Sukuk of LSE Venture Limited

Karachi, September 16, 2025: VIS Credit Rating Company Ltd. (VIS) has withdrawn rating of ‘AA- (plim)’ (Double A Minus (preliminary)) to LSE Ventures Limited’s (‘LSEVL’ or the ‘Company’) proposed Convertible Term Sukuk issue of PKR 2.0 billion, with immediate effect, on account of management’s decision to not issue the instrument. Previous rating action was announced on May 14, 2025.


For further information on this rating, please 021-35311861-64 or email at info@vis.com.pk.

Applicable Rating Criteria:

Policy for Suspension and Withdrawals of Ratings

https://docs.vis.com.pk/docs/policy_withdrawal.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 September 16, 2025 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.