Press Release

VIS Withdraws Entity Ratings of Mughal Energy Limited

Karachi, October 10, 2022: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings assigned to Mughal Energy Limited, with immediate effect, on account of non-renewal of rating contract. The previous rating action was announced on July 14, 2021.
For further information on this rating announcement, please contact Ms. Maham Qasim at 042-35723411-13 (Ext. 8005) and/or the undersigned at 021-35311861-66 (Ext. 306) or email at info@vis.com.pk



Faryal Ahmad Faheem
Deputy CEO

Applicable rating criterion: Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

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