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Daily Archives: March 21, 2012

Insurer Financial Strength – Vital information services Revises Sukuk Rating of Quetta Textile Mills Limited

Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the Sukuk rating of Quetta Textile Mills Limited (QTML) from ‘BBB-’ (Triple B Minus) to ‘BB’ (Double B). Outlook on the rating remains ‘Negative’. The rating action has been taken in view of the latest information made available, as per which, …

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Insurer Financial Strength – Vital information services Suspends Rating of National Insurance Company Limited

Karachi: JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has suspended the Insurer Financial Strength (IFS) rating of National Insurance Company Limited (NICL), with immediate effect. In the absence of Board of Directors, the financial statements for the year ended December 31, 2010 have so far not been approved. Furthermore, in the …

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