Karachi: VIS Credit Ratings Company Limited has announced the withdrawal of the entity rating 'A/A-2' for Masood Textile Mills Limited, effective immediately. This decision comes directly from the management's choice to discontinue their engagement with the rating process.

According to VIS Credit Rating Company Limited, the prior rating assignment was publicized on February 27, 2024, and has been in place until the recent update by the company's management. The withdrawal marks a significant change in how Masood Textile Mills will be perceived financially in the market.