Press Release

VIS Matures Bank Loan Rating of Elite Estates (Pvt.) Limited

Karachi, August 06, 2021: VIS Credit Rating Company Limited (VIS) has matured the bank loan (blr) rating of Elite Estates (Pvt.) Limited’s (EEPL) Rs. 3.0b bank loan facility with immediate effect owing to facility being prepaid in full on June, 29,2021. Previous rating action was announced on June 25, 2020.

For further information on this rating announcement, please contact Ms. Maham Qasim (042-35723411-13, Ext. 8010) and/or the undersigned at 021-35311861-66 or email at info@vis.com.pk .



Faryal Ahmed Faheem
Deputy CEO

Applicable rating criterion: Real Estate Developers (August 2017)
https://www.vis.com.pk/kc-meth.aspx

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 2021 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .