Press Release

JCR-VIS assigns D rating to Sukuk issue of Amtex Limited

Karachi, January 3, 2011: JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has assigned a ‘D’ rating to the five year privately placed sukuk of Rs. 650m, issued by Amtex Limited (Amtex) on account of non-payment of its latest installment due. The previous rating of ‘A’ assigned to the TFC was based on the sukuk being fully secured by a bank guarantee. The guarantee, which has not yet been called, can be enforced by the investors, through the trustee, under the mechanism laid down in the trust deed to the issue.

For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 501) at 021-35311861-70 or fax to 021-35311873 or Mr. Maimoon Rasheed at 042-36610181.



Faheem Ahmad
President & CEO

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