The Pakistan Credit Rating Agency Limited
27-Jun-23
Analyst
Kanwal Ejaz
kanwal.ejaz@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Corporate Rating | Jun-22
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Jun-22
- Methodology | Rating Modifiers | Jun-22
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Withdraws Entity Ratings of Suzuki Islamabad Motors
| Rating Type | Entity | |
|
Current (27-Jun-23 ) |
Previous (29-Jun-22 ) |
|
| Action | Withdraw | Initial |
| Long Term | - | BBB- |
| Short Term | - | A3 |
| Outlook | Stable | |
| Rating Watch | - | - |
Subsequent to management's decision to discontinue the entity ratings of Suzuki Islamabad Motors, PACRA withdraws the entity ratings of Suzuki Islamabad Motors.
About
the Entity
Suzuki Islamabad Motors was established as a sole proprietor in 2007. SIM is certified as a 3S authorized dealership (Sales, Service, and Parts) of Pak Suzuki Motors Limited, the partner of Suzuki Motors Japan. The registered office of the Company is situated at Potohar Road, I-9 Industrial Area, Islamabad. The dealership is owned by Mr. Iftikhar Hussain (Chairman).