Press Release

VIS Matures Rating of Commercial Paper of Next Capital Limited

Karachi, July 5, 2022: VIS Credit Rating Company Limited (VIS) has matured rating of Next Capital Limited’s (NCL) Commercial Paper (CP) issue amounting to Rs. 100 million. Issuance and maturity dates of the instrument were August 24, 2021 and May 20, 2022, respectively. Previous rating action was announced on December 22, 2021.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 204) or the undersigned (Ext. 207) at 021-35311861-70 or email at info@vis.com.pk




Sara Ahmed
Rating Director

Applicable rating criteria: Methodology - Securities Firms Rating (July 2020)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/SecuritiesFirm202007.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2022 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .