Karachi: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has placed the outstanding Fund Stability Rating of ABL Islamic Income Fund (formerly ABL Islamic Cash Fund) of ‘AA(f)’ (Double A (f)) under ‘Rating Watch-Developing’ status.
This rating action has been taken in view of the change in categorization of the fund from an Islamic money market scheme to an Islamic income scheme. Ratings will be re-assessed on finalization of the operational investment policy of the fund.
For more information, contact:
Mr. Javed Callea
JCR-VIS Credit Rating Company Limited
Tel: +9221 35311861 (10 lines) (Ext: 501)
Fax: +9221 35311872-3
E mail: firstname.lastname@example.org