March 1, 2019 (MLN): VIS Credit Rating Company Limited has reaffirmed entity ratings of single A/A-One to Agha Steel Industries. Rating of the outstanding Sukuk has also been reaffirmed at Single A Plus. The outlook on the assigned ratings is stable.

Long Term Rating of A+ reflects good credit quality, adequate protection factors. Risk factors may vary with possible changes in the economy.

Short Term Rating of A-1 indicates high certainty of timely payment, excellent liquidity factors supported by good fundamental protection factors and risk factors are minor, said press release on Friday.

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