September 12, 2007	Wednesday	Sha'aban 29, 1428

KARACHI, Sept 11: The JCR-VIS Credit Rating Company has assigned a preliminary medium to long-term rating of ‘single A minus’ to the proposed Sukuk issue of Rs500m of Shahmurad Sugar Mills. The preliminary rating will be converted to final on review of relevant signed legal documents. Further, the medium to long-term entity rating of Triple B and short-term entity rating of A-2 have been affirmed. The outlook on the medium to long-term ratings is stable.

The JCR-VIS has also reaffirmed the Insurer Financial Strength Rating of Century Insurance Company Ltd at ‘single A’ with a stable outlook, says a press release.