Press Release

VIS Suspends Ratings of Dawood Equities Limited

Karachi, March 4, 2019: VIS Credit Rating Company Ltd. (VIS) has suspended the entity ratings of ‘BB-/A-3’ (Double B Minus/A-Three) assigned to Dawood Equities Limited (DEL) with immediate effect due to non-availability of current information for rating analysis and risk evaluation. The rating will be reassessed as and when the issue is resolved. The previous rating action was announced on June 23, 2017.

For further information on this rating announcement, please contact the undersigned (Ext: 207) or Mr. Javed Callea (Ext: 201) at 92-21-35311861 or fax to 92-21-35311873.

Jamal Abbas Zaidi

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 not an NRSRO and its credit ratings are not NRSRO credit ratings.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 2019 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

VIS Credit Rating Company Limited