Karachi: VIS Credit Rating Company Limited (VIS) has announced the withdrawal of the entity ratings previously assigned to Lahore Grammar School (Pvt) Ltd, effective immediately. The decision follows the management's choice to discontinue the ratings. This move comes after the last rating action was reported on November 29, 2023.

According to VIS Credit Rating Company Limited, the withdrawal is a direct result of the school's management opting to cease their participation in the ratings process. The announcement highlights a shift in the school's engagement with external credit evaluations. VIS had been responsible for assessing the financial and operational stability of the educational institution.