Karachi: VIS Credit Rating Company Limited has placed the ratings of Mehboob Steel Pipe Industry under review. This decision follows a 12-month surveillance period during which detailed information was awaited to reach a conclusive evaluation.

The ratings will remain under review until the necessary information is provided. If the review process is not concluded within 30 days due to a continued lack of information, the ratings will be moved to a status of ‘Suspension’.

The decision by VIS reflects its standard procedure for ratings that have been under surveillance for an extended period without sufficient data for analysis.