Press Release

VIS Withdraws Entity Ratings of Magna Textile Industries (Pvt.) Limited

Karachi, April 08, 2024: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings assigned to Magna Textile Industries (Pvt.) Limited (MTIL), with immediate effect, on account of non-renewal of rating contract. Previous rating action was announced on March 15, 2024.

For further information on this ratings announcement, please contact at 021-35311861-64 or email at info@vis.com.pk.





Applicable Rating Criteria: Corporates
https://docs.vis.com.pk/docs/CorporateMethodology.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf

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