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JCR-VIS withdraws Management Quality Rating of Safeway Fund Limited - Press Release issued by JCR-VIS Credit Rating Company Limited

August 19, 2014



Following is the text of press release issued by JCR-VIS Credit Rating Company Limited

Quote

JCR-VIS Credit Rating Company Limited (JCR-VIS) has withdrawn the Management Quality (MQ) rating of 'AM4+' (AM Four Plus) assigned to Safeway Fund Limited (SFL), with immediate effect. SFL had two funds under management namely, Safeway Mutual Fund Limited (SFWF) and Asian Stocks Fund Limited (ASFL), which have been revoked. Accordingly, the rankings of these funds have also been dis-continued.

For more information, contact:

Ms. Sobia Maqbool

CFA

JCR-VIS Credit Rating Company Limited

VIS House, 128/C,

25th Lane Off Khayaban-e-Ittehad,

Phase VII, DHA, Karachi

Tel: +92-21-35311861-72

Fax: +92-21-35311873

Email: sobia@jcrvis.com.pk

Unquote


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Source: Pakistan Press International


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