Press Release

JCR-VIS withdraws Entity Ratings of Concordia Securities Limited

Karachi, October 09, 2018: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn entity ratings of ‘BB+/A-3’ (Double B Plus / A-Three) with stable outlook assigned to Concordia Securities Limited, with immediate effect, on account of non-renewal of rating contract.

For further information on this rating announcement, please contact the undersigned (Ext: 201) or Mr. Atiq Anwar Mahmudi (Ext: 208) at 021-35311861-70 or fax to 021-35311873.

Javed Callea
Advisor

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