Pakistan Credit Rating Agency Withdraws Ratings of First Dawood Investment Bank Limited

Lahore: The Pakistan Credit Rating Agency (PACRA) has withdrawn the Entity and TFC ratings of First Dawood Investment Bank Limited (FDIBL) (Entity “D” and TFC “D”).

PACRA attempts to keep its rating opinion valid by analyzing relevant information. However, with limited information and distressed profile of the company, it is difficult to formulate a valid opinion on FDIBL. Hence, PACRA withdraws its ratings.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town, Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com