Press Release

JCR-VIS Withdraws Preliminary Rating assigned to PTC issue of Treet Corporation Limited

Karachi, March 20, 2015: JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the preliminary rating of ‘A+’ (A Plus) assigned to Participation Term Certificates (PTCs) of Rs. 510.2m proposed to be issued by Treet Corporation Limited, with immediate effect, following the management’s decision to discontinue issuance of PTCs. The previous rating action was announced on December 10, 2013.

For further information on this rating announcement, please contact Mr. Javed Callea at 021-35311861-70 or Mr. Maimoon Rasheed at 042-36610681-84.

Jamal Abbas Zaidi
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 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 2015 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