Karachi: VIS Credit Rating Company Limited has initiated a review of Arshad Corporation (Pvt) Ltd. The announcement signals the commencement of a rating review process for the entity.

The review, categorized under "Review Initiated," indicates that VIS is in the process of gathering necessary information from Arshad Corporation. This process will result in a new rating announcement once the information is analyzed and evaluated.

During this review period, the existing ratings assigned to Arshad Corporation and its financial instruments will remain valid. The ratings will be updated upon completion of the review.

VIS's decision to review Arshad Corporation comes as part of its regular monitoring and assessment of credit ratings. The company aims to ensure accuracy and reliability in its evaluations.

The outcome of the review will be announced promptly after the required data is furnished by Arshad Corporation and assessed by VIS.