Press Release

VIS withdraws Entity Ratings of Khalis Oil and Ghee Industries Limited

Karachi, November 05, 2019: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘BBB+’/A-2’ (Triple B-Plus/A-Two) assigned to Khalis Oil and Ghee Industries Limited with immediate effect on account of non-renewal of rating contract. The previous rating action was announced on September 28, 2018.

For further information on this rating announcement, please contact the undersigned at 021-35311861-70 or Ms. Maham Qasim at 042-35723411-13.


Javed Callea
Advisor

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2019 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .