VIS suspends ratings of Foundation Securities due to lack of relevant information

MG News | March 13, 2019 at 10:59 AM GMT+05:00

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March 13, 2019 (MLN): VIS Credit Rating Company (VIS) has suspended the entity ratings of Foundation Securities (Private) Limited (FSL) with immediate effect according to an official announcement signed by Javed Callea, Advisor to the Credit Rating Company.

The announcement elaborated that the previous rating of ‘A-/A-2’ (Single A Minus/A-Two) that was announced on November 1, 2017, has been suspended due to non-availability of current information for rating analysis and risk evaluation.

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