Press Release

VIS Suspends Entity Ratings of Shafi Lifestyle (Private) Limited

Karachi, November 09, 2021: VIS Credit Rating Company Ltd. (VIS) has suspended the entity ratings of ‘BBB+/A-2’ (Triple B plus/A-Two) assigned to Shafi Lifestyle (Pvt) Limited, with immediate effect, due to non-availability of information for rating analysis. The ratings will be reassessed as and when the required information is available. Previous rating action was announced on August 26, 2020.

For further information on this rating announcement, please contact Ms. Sara Ahmed (Ext: 207) or the undersigned (Ext. 306) at 021-35311861-70 or email at

Faryal Ahmad Faheem
Deputy CEO

Applicable Rating Criteria: Industrial Corporates (August 2021)

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