Press Release

VIS matures rating of Islamic Commercial Paper issued by Mughal Iron & Steel Industries Limited

Karachi, October 27, 2022: VIS Credit Rating Company Limited (VIS) has matured the rating assigned to Mughal Iron & Steel Industries Limited’s Islamic Commercial Paper issue amounting Rs. 1.8b. Issuance and maturity dates of the instrument were July 28, 2021 and July 26, 2022, respectively. The previous rating action was announced on December 28, 2021.
For further information on this rating announcement, please contact Ms. Maham Qasim at 042-35723411-13 (Ext. 8010) and/or the undersigned at 021-35311861-66 (Ext. 207) or email at info@vis.com.pk



Faryal Ahmad Faheem
Deputy CEO

VIS Entity Rating Criteria: Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf
Rating The Issue (November 2021)
https://docs.vis.com.pk/docs/Notchingtheissue202007nov.pdf

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