FLASHNEWS:

VIS Withdraws Entity Rating of Zahra Textile

Karachi, VIS Credit Ratings Company Limited has announced the immediate withdrawal of the entity rating previously assigned to Zahra Textile. The rating, which stood at ‘A-/A-2’ (Single A-Minus/A-Two), has been discontinued following a decision by the management.

According to VIS Credit Rating Company Limited, the decision to withdraw the rating of Zahra Textile, which was last affirmed on December 29, 2021, is part of the management's strategic adjustments in their ratings practices.