Press Release

VIS Withdraws Entity Ratings of Waves Corporation Limited (Formerly Waves Singer Pakistan Limited)

Karachi, December 27, 2022: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘A/A-2’ (Single A/A-Two) with ‘Rating Watch-Developing’ Status assigned to Waves Corporation Limited (formerly Waves Singer Pakistan Limited), with immediate effect, on account of the management’s decision to discontinue the ratings. Previous rating action was announced on January 13, 2022.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 206) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk




Javed Callea
Advisor

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

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