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Karachi, VIS Credit Rating Company Limited (VIS) has announced the withdrawal of the entity ratings assigned to Chiniot Textile Mills Limited (CTML) with immediate effect due to the non-renewal of the rating contract. The previous rating action was disclosed on July 12, 2023.
According to VIS Credit Rating Company Limited, the decision to withdraw the ratings was made in response to the non-renewal of the contract between VIS and Chiniot Textile Mills Limited. Details regarding the reasons behind the non-renewal were not provided.
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