VIS reaffirms entity ratings of EMCO

MG News | December 09, 2021 at 11:15 AM GMT+05:00

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December 9, 2021 (MLN): VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of 'A-/A-2' (Single A-minus /A-Two) to EMCO Industries Limited (EMCO), the market leader for manufacturing and supply of high voltage porcelain transmission line insulators, the company filing on PSX revealed today.

The medium to long-term rating of 'A-' denotes good credit quality with adequate protection factors.

Moreover, risk factors may vary with possible changes in the economy. The short-term rating of 'A-2' signifies good certainty of timely payment with sound liquidity and company fundamentals. Meanwhile, access to capital markets is good along with low risk factors. The outlook on the assigned ratings is ‘Stable’, the notice read.

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