Press Release

VIS Withdraws Entity & Sukuk Ratings of Park View Enclave (Private) Limited

Karachi, November 5, 2020: VIS Credit Rating Company Limited (VIS) has withdrawn the Entity and Sukuk ratings assigned to Park View Enclave (Private) Limited (PVEPL) with immediate effect on account of management’s decision to discontinue the ratings. The entity was assigned ‘A/A-2’ (Single A/A-Two) ratings, while the Sukuk had a rating of ‘AA-’ (Double A Minus). The previous rating action was announced on October 23, 2019.

For further information on this rating announcement, please contact the undersigned (Ext: 306) or Mr. Talha Iqbal (Ext: 213) at 021-35311861-71 or email at info@vis.com.pk .



Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria: Industrial Corporates (April 2019)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/Corporate-Methodology-201904.pdf

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