Press Release

JCR-VIS withdraws Entity Ratings of R.F.J. Equity (Private) Limited

Karachi, October 09, 2018: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn entity ratings of ‘BB/A-3’ (Double B / A-Three) with stable outlook assigned to R.F.J. Equity (Private) Limited, with immediate effect, on account of non-renewal of rating contract. The ratings have been suspended since November 2, 2017.

For further information on this rating announcement, please contact the undersigned (Ext: 201) or Mr. Atiq Anwar Mahmudi (Ext: 208) at 021-35311861-70 or fax to 021-35311873.

Javed Callea

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 2018 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.

JCR-VIS Credit Rating Company Limited