Press Release

JCR-VIS Revises Ratings of TFC-2 issued by former Al-Zamin Leasing Corporation Limited
 

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Karachi, January 09, 2013: JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the rating of TFC-2 issued by former Al-Zamin Leasing Corporation Limited from ‘C’ (Single C) to ‘D’ in view of non-payment of markup. As per the management of Invest Capital Investment Bank Limited, restructuring of TFC-2’s principal and markup is under consideration.

For further information on this rating announcement, please contact Mr. Javed Callea (Ext: 501) or Ms. Sobia Maqbool, CFA (Ext: 604) at 35311861-70 (10 lines) or fax to 35311872-3.



Jamal Abbas Zaidi
Deputy CEO

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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 2013 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