Press Release

VIS finalizes rating of Islamic Commercial Paper of K-Electric Limited

Karachi, March 12, 2020: VIS Credit Rating Company Limited (VIS) has finalized the rating of A-1+ (Single A One Plus) assigned to K-Electric Limited’s (KE) proposed Islamic Commercial Paper (ICP-5) issue of up to Rs. 4.295 billion. The ICP-5 will have a tenor of 6 months which will be utilized for funding KE’s working capital requirements. Previous rating action was announced on February 10, 2020.

For further information on this rating announcement, please contact Mr. Talha Iqbal (Ext: 213) or the undersigned (Ext. 207) at 021-35311861-70 or email at

Jamal Abbas Zaidi

Applicable Rating Criteria: Industrial Corporates - April 2019

Rating The Issue (September 2014)

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