Press Release

VIS Withdraws Entity Rating of Zahra Textile

Karachi, May 15, 2024: VIS Credit Ratings Company Limited (VIS) has withdrawn the entity rating of ‘A-/A-2’ (Single A-Minus/A-Two) assigned to Zahra Textile, with immediate effect, on account of the management’s decision to discontinue the ratings. The previous rating action was announced on December 29, 2021.

For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk.



Applicable Rating Criteria: Corporates:
https://docs.vis.com.pk/docs/CorporateMethodology.pdf

VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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