Karachi, January 1, 2009: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned MQ rating of ‘AM-DS’ (AM - Developing Situation) to Pak-Oman Asset Management Limited (POAML). This is in line with the rating action taken for the mutual fund sector. POAML had voluntarily suspended issuance and redemption of units of its open end fund with equity exposure even after the expiry of SECP directive on suspension.
Certain fund managers have removed this voluntary suspension. JCR-VIS will be reviewing MQ ratings in the near future.
For further information on these rating announcements, please contact Ms. Sabeen Saleem (Ext: 510) or Ms. Sobia Maqbool (Ext: 506) at 5311861/5311862/5311863 or fax to 5311873.
President & CEO
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