Press Release

VIS Suspends Entity Ratings of Fawad Yusuf Securities Limited

Karachi, May 18, 2022: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (Single A Minus/A-Two) assigned to Fawad Yusuf Securities Limited (FYSL), with immediate effect, due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information is available. Previous rating action was announced on February 26, 2021.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 204) or the undersigned (Ext. 201) at 021-35311861-70 or email at info@vis.com.pk





Javed Callea
Advisor

Applicable rating criteria: Methodology - Securities Firms Rating (July 2020)
https://s3-us-west-2.amazonaws.com/backupsqlvis/docs/SecuritiesFirm202007.pdf

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