Press Release

VIS Withdraws Entity & Sukuk Ratings of Hascol Petroleum Limited

Karachi, September 14, 2021: VIS Credit Rating Company Ltd. (VIS) has withdrawn the Entity & Sukuk ratings assigned to Hascol Petroleum Limited of ‘CC/C’ and ‘D’ respectively, with immediate effect on account of non-renewal of contract. The previous rating action was announced on March 30, 2021.

For further information on this rating announcement, please contact Mr. Mohammad Arsal Ayub, CFA or the undersigned (Ext: 306) at (021) 35311861-66 or email at info@vis.com.pk.


Faryal Ahmad Faheem
Deputy CEO


Applicable Rating Criteria:
Oil & Gas Industry (April 2019)
Corporates (August 2021)

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