VIS Credit Rating Company Suspends Entity Ratings of Sitara Textile Industries Limited - Press Release issued by VIS Credit Rating Company Limited.

Karachi -- January 30, 2023 (PPI-OT)

Following is the text of press release issued by VIS Credit Rating Company Limited


VIS Credit Rating Company Limited (VIS) has suspended the entity ratings of 'BBB+/A-2' (Triple B Plus/A-Two) assigned to Sitara Textile Industries Limited (STIL) with immediate effect due to non-availability of required information for ratings analysis. The ratings will be reassessed as and when required information is available. Previous rating action announced on December 31, 2021.

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