Press Release

VIS Withdraws Broker Management Rating of Multiline Securities Limited

Karachi, November 7, 2022: VIS Credit Rating Company Ltd. (VIS) has withdrawn Broker Management Rating of ‘BMR3++’ assigned to Multiline Securities Limited (MSL) with immediate effect due to non-renewal of rating contract. Previous rating action was announced on May 25, 2022.


For further information on this rating announcement, please contact Ms. Syeda Batool Zehra Zaidi (Ext: 210) or the undersigned (Ext: 207) at (021) 35311861-66 or email at info@vis.com.pk




Sara Ahmed
Director


Applicable Rating Criteria: Broker Management Ratings 2020
https://docs.vis.com.pk/docs/BMR202007.pdf

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 2022 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .