JCR-VIS withdraws Rating/Ranking of Funds by National Asset Management Company Limited

Karachi, March 30, 2016 (PPI-OT):JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn Fund Stability Rating of ‘BB-’ (Double B Minus (f)) of NAMCO Income Fund (NIF) along with mutual fund ranking of NAMCO Balanced Fund (NBF), with immediate effect. Rating and ranking withdrawal is on account of notice on the stock exchange dated 29th March 2016 pertaining to winding up of NIF and NBF issued by MCB Financial Services Limited (the Trustee).

For more information, contact:
Ms. Sobia Maqbool
CFA
JCR-VIS Credit Rating Company Limited
VIS House, 128/C,
25th Lane off Khayaban-e-Ittehad,
Phase VII, DHA, Karachi
Tel: +92-21-35311861-72
Fax: +92-21-35311873
Email: sobia@jcrvis.com.pk