Karachi, August 25, 2020 (PPI-OT):VIS Credit Rating Company Limited (VIS) has finalized the rating of A-1+ (Single A One Plus) to K-Electric Limited’s (KE) proposed Islamic Commercial Paper (ICP-8) issue of up to Rs. 3.5billion. The ICP-8 will have a tenor of 6 months which will be utilized for funding KE’s working capital requirements. The assigned ratings incorporate strategic importance of KE, strong business risk profile, and adequate financial profile. Previous rating action was announced on March 24, 2020.
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/