Press Release

VIS Withdraws Rating Assigned to Short Term Sukuk Instrument of Agha Steel Industries Limited

Karachi, April 1, 2024: VIS Credit Rating Company Limited has withdrawn the instrument rating of 'A-1' ('A-One') assigned to the Short-term Sukuk of Agha Steel Industries Limited ('ASIL' or 'the Company') with immediate effect, on account of the decision by the Company’s management to discontinue this rating. Previous rating action was announced on December 21, 2023.

For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.





Applicable Rating Criteria: Corporates:
https://docs.vis.com.pk/docs/CorporateMethodology.pdf

Rating the Issue
https://docs.vis.com.pk/docs/Rating-the-Issue-Aug-2023

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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