VIS finalizes rating of Islamic Commercial Paper of K- Electric

MG News | March 13, 2020 at 04:39 PM GMT+05:00

0:00

March 13, 2020: VIS Credit Rating Company Limited has finalized the rating of single A One Plus assigned to K-Electric Limited’s proposed Islamic Commercial Paper (ICP-5) issue of up to Rs 4.295 billion.

The ICP-5 will have a tenor of 6 months which will be utilized for funding KE’s working capital requirements. Previous rating action was announced on Feb 10, said press release on Friday.

VIS

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