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Karachi: VIS Credit Rating Company Ltd. has withdrawn the entity ratings for Intermarket Securities Limited, which were previously rated A- and placed under ‘Rating Watch – Developing’. This action comes as a result of the company’s merger with EFG Hermes Pakistan Limited.
According to VIS Credit Rating Company Limited, the merger has led to the formation of a new entity named Intermarket Securities, formerly known as EFG Hermes Pakistan Limited. The previous rating action regarding Intermarket Securities was announced on August 13, 2024. The withdrawal reflects the completion of the merger process and the resultant changes in the company’s structure and operations.
The post VIS Withdraws Ratings Following Intermarket Securities Merger appeared first on Pakistan Business News.