Karachi, December 02, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has withdrawn rating of ‘AA-’ (Double AA Minus) assigned to Tier II Sukuk – 1 issued by Dubai Islamic Bank Pakistan Limited’s (DIBPL) on account of call option being exercised by the Bank on December 02, 2022. The Sukuk was issued on July 14, 2017. The last rating action was announced on June 29, 2022.

For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company Limited
VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi, Pakistan
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: bilal@jcrvis.com.pk
Website: https://www.vis.com.pk/