PPI Original Text (PPI-OT) – JCR-VIS Places Management Quality Rating of IGI Funds Limited under Rating Watch

Karachi, May 30, 2012 (PPI-OT): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has placed the Management Quality Rating of IGI Funds Limited (IGI Funds) of ‘AM2-’ (AM-Two Minus) under ‘Rating Watch – Developing’ status.

This rating action has been taken in view of a recent development whereby Bank Alfalah Limited has initiated negotiations for the takeover of IGI Investment Bank Limited together with its two wholly-owned subsidiaries (IGI Funds and IGI Finex Securities Limited).

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

Leave a Reply