Press Release

VIS Withdraws Insurer Financial Strength Rating of Pak Kuwait Takaful Company Limited

Karachi, February 11, 2021: VIS Credit Rating Company Ltd. (VIS) has withdrawn the Insurer Financial Strength (IFS) rating of ‘BBB’ (Triple B) assigned to Pak-Kuwait Takaful Company Limited (PKTCL) with immediate effect, due to non-renewal of contract. The previous rating action was announced on January 20, 2017.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 204) or the undersigned (Ext. 306) at 021-35311861-70 or email at info@vis.com.pk mailto:info@vis.com.pk.



Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria: General Insurance (November 2019)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Meth-GenInsurance201911.pdf

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