VIS Temporarily Suspends Chakwal Textile Mills Limited's Ratings due to Incomplete Information

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VIS Temporarily Suspends Chakwal Textile Mills Limited’s Ratings due to Incomplete Information

October 23, 2023

Karachi, VIS Credit Rating Company Limited has put a hold on the entity ratings of ‘BBB-/A-2’ (Triple B minus/A-Two) awarded to Chakwal Textile Mills Limited (CTML). The decision stems from the lack of sufficient information necessary for a thorough ratings analysis.

According to a news release by VIS Credit Rating Company Limited, this suspension is effective immediately. The ratings will undergo another evaluation once the necessary data is made accessible. The most recent rating decision on CTML was publicized on August 11, 2022.