FLASHNEWS:

VIS Credit Rating Company Suspends Entity Ratings of Sitara Textile Industries Limited

Karachi, January 30, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of ‘BBB+/A-2’ (Triple B Plus/A-Two) assigned to Sitara Textile Industries Limited (STIL) with immediate effect due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information is available. Previous rating action announced on December 31, 2021.

For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company Limited
VIS House, 128/C, 25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi, Pakistan
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: bilal@jcrvis.com.pk
Website: https://www.vis.com.pk/