Press Release

JCR-VIS Withdraws Entity Ratings of Oil and Gas Development Company Limited

Karachi, December 29, 2015: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the entity rating of ‘AAA/A-1+’ (Triple A/A-One Plus) assigned to Oil and Gas Development Company Limited (OGDCL), with immediate effect, on account of non-renewal of the rating contract.

For further information on this rating announcement, please contact the undersigned at 021-35311861-70 or Mr. Maimoon Rasheed at 042- 35723411-13.


Jamal Abbas Zaidi
Advisor

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