EXPLAINING THE STARS

MAY, 2024

VIS' introduction of "Star Rankings" in the Pakistan market in 2004 paved the way for meaningful analysis of performance of mutual funds....

ASSET MANAGEMENT COMPANIES

FEBRUARY, 2024

The Non-Banking Finance Companies and notified Entities Regulations, 2008 (NBFCR); have been amended upto May 17, 2023.....

NON-BANK FINANCIAL COMPANIES

FEBRUARY, 2024

the scope of the methodology applies to leasing companies, Investment Banks, Modarabas, Asset Management & Investment Advisory Services, ....

BROKER MANAGEMENT RATINGS

FEBRUARY, 2024

Stock brokerage firms serve as essential intermediaries in capital markets, assisting both individual and institutional investors in the trading of listed securities....

FUND STABILITY

DECEMBER, 2023

Fund Stability Ratings (FSRs) measure the sensitivity of a fund's Net Asset Value (NAV) and total return to changing market conditions, with particular emphasis on downside risk....

CORPORATE GOVERNANCE RATINGS

OCTOBER, 2023

VIS has recently reviewed its methodology for Corporate Governance Rating (CGR) to align it with the latest developments in this area....

MICRO-FINANCE BANKS

OCTOBER, 2023

In this updated methodology, environmental, social, and governance (esg) considerations have been integrated to align with current assessment standards....

LIFE INSURANCE FAMILY TAKAFUL

OCTOBER, 2023

In this updated methodology, environmental, social, and governance (esg) considerations have been integrated to align with current assessment standards.....

CRITERIA FOR GENERAL INSURANCE RATING

OCTOBER, 2023

The criteria ‘Insurer Financial Strength (IFS) Rating Methodology’ applies to a range of entities operating in the insurance sector conducted by VIS Credit Rating Company Limited (VIS)....

REAL ESTATE INVESTMENT TRUST (REITs) FUND

September, 2023

A Real Estate Investment Trust (REIT) is a vehicle for owning income producing real estate assets. Investment in REIT tends to be tax efficient and provides opportunity...

MANAGEMENT QUALITY RATING - INVESTMENT ADVISOR

September, 2023

In this updated Methodology, Environmental, Social, and Governance (ESG) considerations have been integrated to align with current assessment standards..

EDUCATIONAL INSTITUTIONS RATING METHODOLOGY

September, 2023

The criteria titled 'Rating Methodology-Educational Institutions' primarily applies to the evaluation of entities defined and regulated as educational institutions..

ESG RATING METHODOLOGY

July, 2023

The criteria ‘Environmental, Social & Governance (ESG)’ applies to a wide range of Industrial and services sector nonfinancial corporate ESG ratings.....

Government Supported Entities

July, 2020

Understanding the influence of corporate relationships is integral to complete credit analysis. As business dynamics continuously reconfigure corporate ownership, its implications for the investor should be out lined...

CONSTRUCTION INDUSTRY RATING CRITERIA

MARCH, 2024

Construction industry plays a very important role in the economic development of any country. In fact, the performance of this industry....

BANK LOAN

FEBRUARY, 2024

Similar to instrument ratings by VIS, a Bank Loan Rating (BLR) indicates the degree of risk regarding timely payment of the interest....

FINANCIAL INSTITUTIONS RATING METHODOLOGY

FEBRUARY, 2024

The criteria titled ‘Rating Methodology-Financial Institutions ‘, primarily applies to ratings of entities defined, and regulated as banks, including commercial banks....

BROKER FIDUCIARY RATINGS

FEBRUARY, 2024

Securities brokerage firmsplay a critical intermediary role in the capital markets for individuals as well as institutional investors by facilitating the trading of listed securities...

NON-PROFIT ORGANIZATIONS METHODOLOGY

OCTOBER, 2023

VIS has recently reviewed its Non-Profit Organization Rating methodology to include Assessment of Environmental, Social and Governance (ESG) aspects in the ratings.....

CURRENCY EXCHANGE COMPANIES

OCTOBER, 2023

The criteria ‘Exchange Companies Rating Methodology’ (ECRM) applies to State Bank of Pakistan (SBP) licensed and regulated currency exchange companies.....

TAKAFUL COMPANIES

OCTOBER, 2023

The development of Takaful is considered to be vital to the proliferation of Islamic modes of insurance, especially since it is regarded as a viable alternative.....

SOCIO-ECONOMIC PERFORMANCE GRADING OF MFBIs

OCTOBER, 2023

In this updated methodology, environmental, social, and governance (esg) considerations have been integrated to align with current assessment standards.....

REIT MANAGEMENT COMPANY

OCTOBER, 2023

VIS Credit Rating Company Limited’s definition of Management Quality (MQ) Ratings consistently applies across various types of investments, including the category of REIT Management Companies (RMCs).....

STRUCTURED COVERED BONDS/SUKUK

SEPTEMBER, 2023

Covered bond” is a term that typically refers to a debt instrument that has dual recourse: first, to the issuer – which would typically be a financial institution...

TOLL ROADS

SEPTEMBER, 2023

VIS has updated the Toll Road methodology to incorporate role of Environment, Social and Governance (ESG) factors in rating assessment...

RATING THE ISSUE

Aug, 2023

The criteria ‘Rating Methodology- Rating the Issue’ focuses on specific debt or hybrid issues issued by corporates and financial institutions, Microfinance banks and Non-bank Financial Corporation (NBFC). I..

Corporates

May, 2023

The criteria ‘Corporate Rating Methodology’ applies to a wide range of non-financial corporate issuer / entity ratings conducted by VIS Credit Rating Company Limited (VIS)...

Linkages Between Parent And Subsidiary Companies

July, 2020

With the passage of time, Pakistan has witnessed the emergence of large corporations and groups, which have altered the competitive landscape in the country. These entities often have diversified interests, which ...

Securities Firms

July, 2020

VIS Credit Rating Co. Ltd.’s (VIS) rating objective for a securities firm is to assess likelihood of the company being able to make timely payment against its obligations. A rating being prospective in nature, VIS integrates analysis...