Karachi: VIS Credit Rating Company Limited has placed the ratings of Mehboob Steel Pipe Industry under 'Under Review' status due to pending detailed information required to conclude the review process. The ratings have been under surveillance for the past 12 months.

The company has established a protocol whereby any ratings that remain under the 'Under Review' status without sufficient information for over 30 days will transition to a 'Suspension' status. This procedural change emphasizes the importance of timely and comprehensive information sharing for accurate rating assessments.

VIS Credit Rating Company Limited has been monitoring the situation closely and is awaiting the necessary information from Mehboob Steel Pipe Industry to proceed with the rating evaluation.