Press Release

VIS Suspends Entity Ratings of Power Chemicals Industries Limited

Karachi, December 06, 2023: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (A Minus/A-Two) assigned to Power Chemical Industries Limited (PCIL), 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 September 12, 2022.

For further information on this rating announcement, please contact Ms. Maham Qasim (Ext: 8010) or the undersigned (Ext: 207) at 021-35311861-71.

Sara Ahmed

Applicable Rating Criteria: Industrial Corporates (May 2023)

VIS Issue/Issuer Rating Scale

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