Karachi: VIS Credit Rating Company Limited has begun a review process of Ashraf Sugar Mills Limited. This development marks the start of a rating review exercise, as announced by VIS on May 2, 2025.

The review initiation indicates that VIS will undertake a detailed analysis once Ashraf Sugar Mills provides all necessary information. The outcome of this process will lead to a formal rating action by VIS.

During the review period, the current ratings assigned to Ashraf Sugar Mills and its financial instruments will remain valid. The ratings will only be updated once the review is completed and a new announcement is made.

This review is part of VIS's ongoing efforts to ensure accurate and up-to-date ratings for its clients in the financial sector. Ashraf Sugar Mills Limited is currently cooperating with VIS to expedite the review process.