Staff Reporter
Karachi
VIS Credit Rating Company Limited has reaffirmed the entity ratings of Saudi Pak Industrial and Agricultural Investment Company Limited at double A Plus/A-One Plus. The medium to long-term rating of ‘AA+’ denotes high credit quality, with strong protection factors. Moreover, risk factors are modest but may vary slightly with possible changes in the economy, said press release on Monday. The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk free short-term obligations of Government of Pakistan.
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from Pakistan Observer http://bit.ly/2Kp9nby
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