Lahore: VIS Credit Rating Company Limited has announced the assignment of initial credit ratings to Sunridge Foods (Private) Limited, categorizing the medium to long-term rating as ‘BBB+’ and the short-term rating as ‘A-3’. These ratings indicate an ad…
Fund News
This category covers all news from Pakistan related Fund News
VIS Maintains Stable A-/A-2 Ratings for Utopia Industries Amid Sector Challenges
Karachi: VIS Credit Rating Company Limited has reaffirmed the A-/A-2 entity ratings for Utopia Industries (Private) Limited, signaling a stable outlook with sound liquidity and good access to capital markets. The ratings reflect a balanced risk profile…
VIS Upgrades PGP Consortium’s Preference Share Rating to ‘BBB+’
Karachi: VIS Credit Rating Company Limited has announced an upgrade in the preference share rating of PGP Consortium Limited from ‘BBB’ to ‘BBB+’, indicating improved credit quality with reasonable and sufficient protection factors. The stable outlook …
VIS Concludes Ratings as Al-Baraka Bank’s Basel 3 Compliant Sukuk 1 Matures
Karachi: VIS Credit Rating Company Limited has matured its rating of the Basel 3 Compliant Tier-II Sukuk 1 issued by Al-Baraka Bank (Pakistan) Limited, marking the end of its term on August 21, 2024. The debt instrument, initially valued at Rs. 1.5 bil…
VIS Maintains A-/A-2 Ratings for Al Karam Towel Industries with Stable Outlook
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Al Karam Towel Industries (Pvt) Ltd at ‘A-/A-2’, indicating good credit quality and a stable outlook. These ratings reflect the company’s ability to meet its long-term and …
VIS Maintains ‘A’ Ratings for Indus Wind Energy Amid Stable Operational Outlook
Karachi: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Indus Wind Energy Limited at ‘A/A-2’, reflecting a stable and secure investment profile, with consistent performance indicators and sound financial practices.According to V…
VIS Elevates Management Quality Rating of Faysal Asset Management to ‘AM1’
Karachi: VIS Credit Rating Company Limited has upgraded the Management Quality Rating of Faysal Asset Management Limited to ‘AM1’, indicating excellent management practices within the asset management industry. This upgrade, set against a stable outloo…
VIS Upgrades PGP Consortium Limited’s Credit Ratings Amid Stable Economic Contributions
Karachi: VIS Credit Rating Company Limited has upgraded the credit ratings of PGP Consortium Limited from ‘A-/A-2’ to ‘A/A-2’, reflecting improved creditworthiness based on strong operational foundations and stable financial metrics.According to VIS Cr…
Vivo Announces Service Day Offering Discounts and Complimentary Services Nationwide
Karachi: Vivo has launched its Service Day event, scheduled from September 23rd to 25th, across its 17 service centers nationwide. This event promises to enhance customer satisfaction with various complimentary services and discounts aimed at ensuring …
Mughal Iron and Steel, Amreli Steels Anticipate Dull Profitability in Fourth Quarter Amid Sector Slowdown
Karachi: Mughal Iron and Steel Ltd. (MUGHAL) and Amreli Steels Limited (ASTL), two prominent players in the rebar industry, are set to face subdued earnings for the fourth quarter of fiscal year 2024. This outlook aligns with a broader sectoral deceler…