Press Release

VIS Withdraws Entity Ratings of Fawad Yusuf Securities Limited

Karachi, December 09, 2022: VIS Credit Rating Company Limited (VIS) has withdrawn entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) assigned to Fawad Yusuf Securities Limited (FYSL), with immediate effect, on account of the management’s decision to discontinue the ratings. Previous rating action was announced on May 18, 2022.

For further information on this rating announcement, please contact Mr. Shaheryar Khan Mangan (Ext: 209) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk





Javed Callea
Advisor

Applicable rating criteria: Methodology – Securities Firms Rating (July 2020)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/SecuritiesFirm202007.pdf

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