Karachi: JCR-VIS Credit Rating Co. Ltd. (JCR-VIS) has suspended the Insurer Financial Strength (IFS) rating of National Insurance Company Limited (NICL), with immediate effect. In the absence of Board of Directors, the financial statements for the year ended December 31, 2010 have so far not been approved. Furthermore, in the absence of any approving authority, interim results for 2011 have also not been shared with JCR-VIS.
The rating will be re-assessed once latest financial statements are made available.
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