Press Release

VIS Matures Rating of Short Term Sukuk (STS-17) of K-Electric Limited

Karachi, November 17, 2023: VIS Credit Rating Company Limited (VIS) has matured rating of K-Electric Limited’s (KE) Short Term Sukuk (STS-17) issue amounting Rs. 5.0 billion. Issuance and maturity dates of the instrument were May 18, 2023 and November 17, 2023, respectively. Previous rating action was announced on June 06, 2023.
For further information on this rating announcement, please contact Mr. Maimoon Rasheed at 042-35723411 (Ext. 8008) or the undersigned at 021-35311861-64 (Ext. 207) or email at info@vis.com.pk.




Sara Ahmed
Director

Applicable Rating Criteria: Industrial Corporates (May 2023)
https://docs.vis.com.pk/docs/CorporateMethodology.pdf

Rating The Issue (August 2023)
https://docs.vis.com.pk/docs/Rating-the-Issue-Aug-2023.pdf

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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