Karachi, January 31, 2022 (PPI-OT):VIS Credit Rating Company has withdrawn the entity ratings of AA/A-1’ (Double A/ A-One) assigned to International Complex Projects Limited (ICPL), with immediate effect on account of transfer of ICPL’s assets and liabilities to other group companies- Dolmen (Pvt.) Ltd. and Al-Feroz (Pvt.) Ltd as per the Scheme of Arrangement approved by Sind High Court dated November 03, 2021. The previous rating action was announced on July 19, 2021.
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/