Rating of Company.
As announced on August 26, 2019 VIS Credit Rating Co. Ltd., has maintained the entity ratings of Ittehad Chemicals Limited (ICL) at ‘A- /A-2‘(Single A Minus / A-Two). Outlook on assigned ratings has been revised from ‘Stable’ to ‘Positive’. The medium to long-term rating of ‘A-‘ signifies good credit quality with strong protection factors. The short-term rating of ‘A-2’ denotes good certainty of timely payments coupled with sound liquidity and company fundamentals.