Press Release

VIS Withdraws Sukuk 1 Rating of Pakistan Telecommunication Company Limited

Karachi, March 19, 2024: VIS Credit Rating Company Limited (VIS) has withdrawn the instrument rating of Pakistan Telecommunication Company Limited (PTCL)’s medium term secured Sukuk-I of PKR 5 bln on account of non-issuance of the same. The Sukuk’s preliminary rating was issued on May 08, 2023. Assigned instrument rating was ‘AAA’ (Triple A) with a ‘Stable’ outlook. Last rating action was announced on May 08, 2023.

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




























Applicable Rating Criteria:
Industrial Corporates
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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