Press Release

VIS Withdraws Syndicated Bank Loan Ratings of Power Cement Limited

Karachi, January 4, 2023: VIS Credit Rating Company Limited (VIS) has withdrawn the bank loan rating (blr) of ‘A (blr)’ (Single A (blr)) assigned to Power Cement Limited (PCL) secured syndicated bank loan facility of Rs. 16.2b, with immediate effect, on account of the management’s decision to discontinue the rating. Previous rating action was announced on November 30, 2021.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 206) or the undersigned (Ext. 207) at 021-35311861-70 or email at info@vis.com.pk




Sara Ahmed
Director

Applicable Rating Criteria: Industrial Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

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