Press Release

VIS Credit Rating Company Withdraws Instrument Ratings issued by Sindh Nooriabad Power Company Limited and Sindh Nooriabad Power Company Phase-II (Pvt.) Limited

Karachi, September 20, 2021: VIS Credit Rating Company has withdrawn the instrument ratings of ‘A’ (Single A) assigned to the Privately Placed Term Finance Certificates (PPTFCs) of Sindh Nooriabad Power Company Limited and Sindh Nooriabad Power Company Phase-II (Pvt.) Limited, with immediate effect on account of non-renewal of contract. The previous rating action was announced on September 21, 2020.

For further information on this rating announcement, please contact Mr. ArsalAyub, CFA (Ext: 216) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk.
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Javed Callea
Advisor

Applicable Rating Criteria: Industrial Corporates (August 2021)

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