Press Release

VIS Suspends Entity Ratings of Qadri Textile Mills Limited

Karachi, January 13, 2023: VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB-/A-2’ (Triple B Minus/A-Two) assigned to Qadri Textile Mills Limited with immediate effect, due to the non-availability of required information for rating analysis. Ratings will be reassessed as and when the required information becomes available. Previous rating action was announced on January 10, 2022.

For further information on this rating announcement, please contact Ms. Maham Qasim (042-35723411-13, Ext. 8010) and/or the undersigned at 021-35311861-64 or email at info@vis.com.pk.

Sara Ahmed
Director

Applicable rating criterion: Corporates (August 2021)
https://docs.vis.com.pk/docs/CorporateMethodology202108.pdf

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