Press Release

VIS Withdraws Entity Ratings of Rizwan Enterprises

Karachi, January 12, 2021: VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘A-/A-2’ (Single A/A-Two) assigned to Rizwan Enterprises (RE), with immediate effect, on account of non-renewal of rating contract. The previous rating action was announced on April 23, 2020.

For further information on this rating announcement, please contact Mr. Muhammad Tabish (Ext: 204) or the undersigned (Ext. 306) at 021-35311861-70 or email us at

Faryal Ahmad Faheem
Deputy CEO

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 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 2021 VIS Credit Rating Company Limited . All rights reserved. Contents may be used by news media with credit to VIS .

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