Karachi, November 2, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has suspended the entity ratings of ‘BB/A-3’ (Double B/A-Three) assigned to RFJ Equity (Pvt.) Limited (REL) with immediate effect. Previous rating action was announced on March 7, 2017.

The suspension of rating is on account of a regulatory action whereby operations of the company have been ceased. The company has appealed against the regulatory decision. Ratings will be re-assessed upon outcome of the appeal.

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
Advisor

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