Press Release

VIS Suspends Entity Ratings of Chakwal Textile Mills Limited

Karachi, October 23, 2023: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB-/A-2’ (Triple B minus/A-Two) assigned to Chakwal Textile Mills Limited (CTML), with immediate effect on account of pending information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was announced on August 11, 2022.

For further information on this ratings announcement, please contact Mr. Saeb Muhammad Jafri (Ext: 202) or the undersigned (Ext: 207) at 021-35311861-64 or email at

Sara Ahmed

Applicable Rating Criteria: Industrial Corporates (May 2023)
VIS Issue/Issuer Rating Scale

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