Press Release

VIS Withdraws Entity Ratings of Nova Powergen Limited

Karachi, January 14, 2021: VIS Credit Rating Company has withdrawn the entity ratings of ‘AA/A-1+’ (Double A/Single A-One Plus) assigned to Nova Powergen Limited (NPL), with immediate effect on account of management’s decision to discontinue the ratings. The previous rating action was announced on July 10, 2020.

For further information on this rating announcement, please contact Ms. Asfia Aziz or the undersigned (Ext: 306) at 021-35311861-71 or fax to 021-35311872-3.







Faryal Ahmad Faheem
Deputy CEO

VIS Entity Rating Criteria: Corporates (May 2019)
https://www.vis.com.pk/kc-meth.aspx

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