FLASHNEWS:

VIS Withdraws Broker Fiduciary Rating of AKD Securities Limited

Karachi, December 08, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has withdrawn the Broker Fiduciary Rating of BFR2++ with ‘Rating Watch-Positive’ outlook assigned to AKD Securities Limited (AKDSL). Ratings stand withdrawn on account of AKDSL’s merger with and into BIPL Securities (BIPLS). The new entity has been renamed to AKD Securities Limited (formerly BIPL Securities Limited). Previous rating action was announced on July 4, 2022.

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/