Spencer and Company (Pakistan) Limited makes final payment of structured term loan facility (PKR 420mn); rated ‘AA’ (Double A)

Lahore, May 17, 2013 (PPI-OT): Spencer and Company (Pakistan) Limited (SCL) made the final payment of its structured term loan facility (PKR 420mn); rated ‘AA’ (Double A), on May 16, 2013. Subsequent to the completion of the redemption process, the Pakistan Credit Rating Agency (PACRA) has withdrawn the rating of the term loan facility issued by SCL.

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