JCR-VIS has withdrawn preliminary rating of proposed TFC issue of Pakistan Railways Advisory and Consultancy Services

Karachi, May 20, 2013 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn preliminary rating of ‘AAA (SO)’ (Triple A (Structured Obligation)) assigned to the proposed five year rated, unlisted and secured Privately Placed Term Finance Certificate (PPTFC) of Rs. 6.1 billion to be issued by Pakistan Railways Advisory and Consultancy Services Limited (PRACS).

This decision has been taken in view of the issuer’s plan to shelf the proposed TFC issuance.

For more information, contact:
Mr. Javed Callea
Advisor
JCR-VIS Credit Rating Company Limited
Tel: +9221 35311861 (10 lines) (Ext: 501)
Fax: +9221 35311872-3
E mail: javed.callea@jcrvis.com.pk

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