Karachi, January 20, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has suspended the Insurer Financial Stability (IFS) rating of Pak-Kuwait Takaful Company Limited (PKTCL) with immediate effect. PKTCL was assigned IFS rating of ‘BBB’ placed under ‘Rating Watch Developing’ status announced on January 7th, 2016.
The suspension of rating is on account of non-availability of current information for rating analysis and risk evaluation. Ratings will be re-assessed as and when the issue is resolved.
For further information on this rating announcement, please contact the undersigned (Ext: 201) or Mr. Jamal Abbas (Ext: 207) at 92-21-35311861 or fax to 92-21-35311873.
Information herein was obtained from sources believed to be accurate and reliable; however,
JCR-VIS Credit Rating Company Limited (JCR-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. JCR-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. JCR-VIS is not an NRSRO and its
credit ratings are not NRSRO credit ratings. JCR-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.
JCR-VIS Credit Rating Company Limited. All rights reserved.
Contents may be used by news media with credit to JCR-VIS.