Karachi, July 04, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) notes that Sindh High Court has sanctioned the merger of AKD Securities Limited (AKDSL) with and into BIPL Securities Limited (BIPLS).

Outstanding broker fiduciary rating of AKDSL at ‘BFR2++’ with Rating Watch-Positive outlook will remain effective till operational merger takes into effect and/ or surrender of Trading Right Entitlement Certificate (TREC) whichever comes earlier. Previous rating action was announced on May 27, 2022.

For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company Limited
VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi, Pakistan
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: bilal@jcrvis.com.pk
Website: https://www.vis.com.pk/