Press Release

VIS Suspends Ratings of Noor Fatima Fabrics (Private) Limited

Karachi, November 24, 2022: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BB/B’ (Double B / Single B) with ‘Rating Watch-Negative’ assigned to Noor Fatima Fabrics (Private) Limited (NFFL), 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 October 27, 2022.
For further information on this rating announcement, please contact the undersigned at 021-35311861-70 (Ext. 207) or email at info@vis.com.pk







Sara Ahmed
Director

VIS Entity Rating Criteria: Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

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 2022 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .