Karachi, VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Syntronics Limited (SL) at ‘BBB+/A-2’, denoting adequate credit quality with a stable outlook. The medium to long-term rating reflects reasonable and sufficient prote…

Karachi, VIS Credit Rating Company Limited (VIS) announced the withdrawal of the entity ratings for Qadri Textile Mills Limited (QTML). The action, effective immediately, follows the non-renewal of the rating contract between QTML and VIS. The previous…

Karachi, VIS Credit Rating Company Limited (VIS) announced the immediate withdrawal of its entity ratings for Magna Textile Industries (Pvt.) Limited (MTIL) due to the non-renewal of their rating contract. This decision follows a recent rating action o…

New York, Oil marketing companies (OMCs) in March 2024 have reported a total sale of 1.15 million tons, marking an increase of 4% year-over-year and 3% month-over-month, As per a recent study by JS Global. The sales uptick, primarily in Motor Spirit (M…

Islamabad, JS Bank, a leading financial institution in Pakistan, has announced a significant achievement, surpassing PKR 500 billion in deposits. This milestone underscores the bank’s rapid growth and financial success, particularly highlighted by its …

Islamabad, Pakistan’s consumer price index (CPI) for March 2024 showed inflation at a 22-month low, marking the first instance of positive real interest rates since December 2020.According to JS Global, the CPI increased by 20.7% year-on-year while mon…

Karachi, VIS Credit Rating Company Limited has reaffirmed the entity ratings of Ittehad Chemicals Limited at ‘A-/A-2’, indicating a stable financial outlook. The ratings reflect good credit quality with sound liquidity factors and company fundamentals,…

Karachi, VIS Credit Rating Company Limited has officially withdrawn the ‘A-1’ (‘A-One’) rating previously assigned to the Short-term Sukuk instrument of Agha Steel Industries Limited (ASIL), following a management decision to discontinue the rating.Acc…

Karachi, VIS Credit Rating Company Limited has downgraded the instrument ratings for Agha Steel Industries Limited’s (ASIL) Sukuk-3 to ‘BB-‘ with a negative outlook, aligning with the entity’s medium to long-term ratings and reflecting potential econom…

Lahore, The VIS Credit Rating Company has reaffirmed the entity and short-term ratings of Agriauto Stamping Company (Pvt) Limited (ASC) at ‘A-/A-2’, signifying a stable credit outlook despite prevailing economic adversities.According to VIS Credit Rati…