Press Release

VIS Suspends Ratings of Masood Textile Mills Limited

Karachi, August 06, 2021: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘A-/A-2’ (Single A minus/A-Two) assigned to Masood Textile Mills Limited (MTML) along with its Sukuk rating of ‘A’ (Single A), with immediate effect, due to non-payment of the rating fee for the current period. The ratings will be reassessed as and when the matter is resolved. The previous rating action was announced on April 27, 2020.

For further information on this rating announcement, please contact Ms. Maham Qasim (042-25723411-13, Ext: 8005) or the undersigned at 021-35311861-70 or email at

Faryal Ahmad Faheem
Deputy CEO

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.VIS , the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report.VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright 2021 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

VIS Credit Rating Company Limited