Karachi: VIS Credit Rating Company Limited (VIS) has announced the withdrawal of the entity rating for Fauji Fertilizer Bin Qasim Limited (FFBL), rated 'AA+/A1+' (Double A Plus/A One Plus), following a successful merger with Fauji Fertilizer Company Limited (FFC).

According to VIS Credit Rating Company Limited, the decision to withdraw the ratings comes as a result of the cessation of business operations of FFBL, which has been fully integrated into FFC. The merger has led to the consolidation of operations, prompting the removal of FFBL’s individual ratings.