Press Release

VIS Suspends Entity Ratings of Zahra Textile

Karachi, January 04, 2023: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (A Minus/A-Two) assigned to Zahra Textile, with immediate effect, due to the non-availability of required information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was announced on December 29, 2021.

For further information on this rating announcement, please contact Ms. Asfia Aziz (Ext: 212) or the undersigned (Ext: 207) at 021-35311861-71 or fax to 021-35311872-3.




Sara Ahmed
Director

VIS Entity Rating Criteria: Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

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