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The Pakistan Credit Rating Agency Limited
Press Release

Date
24-Dec-20

Analyst
Kanwal Ejaz
kanwal.ejaz@pacra.com
+92-42-35869504
www.pacra.com

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Disclaimer
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 Mobile Sales and Distribution (Private) Limited

Rating Type Entity
Current
(24-Dec-20)
Previous
(27-Dec-19)
Action Withdraw Maintain
Long Term - BBB+
Short Term - A2
Outlook Stable Stable
Rating Watch - -


Subsequent to the management's decision to discontinue the ratings, PACRA withdraws the Entity Ratings of Mobile Sales and Distribution (Private) Limited with immediate effect.

About the Entity
Mobiles Sales & Distribution (Private) Limited incorporated in 2012, is a Private Limited Company. The Company was principally involved in distributing mobile phones and allied products of Samsung.

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.