Press Release

VIS Withdraws Entity Ratings of Noor Fatima Fabrics (Private) Limited

Karachi, January 31, 2023: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘BB/B’ (Double B / Single B) with ‘Rating Watch-Negative’ assigned to Noor Fatima Fabrics (Private) Limited (NFFL), with immediate effect, due to non-renewal of contract. Previous rating action was announced on November 24, 2022.
For further information on this rating announcement, please contact the undersigned at 021-35311861-70 (Ext. 207) or email at info@vis.com.pk


Faryal Ahmed
Deputy CEO

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

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