VIS: Reaffirm Entity Ratings for Yunus Energy Limited with Stable Outlook

VIS Credit Rating Company Limited (VIS) reaffirmed its long-and short-term entity ratings on Yunus Energy Limited (YEL) at A+ and A-1 respectively with stable outlook.

A long-term rating of A+ was assigned, with VIS citing good credit quality and sufficient protection factors as justification for the rating. VIS stated that risk factors could vary in line with possible changes in the economy.

The entity’s short-term rating of A-1 reflects VIS’ high certainty of timely payments, strong liquidity factors supported by sound fundamental protection and minor risk factors.

VIS noted that the credit rating accounted for YEL’s satisfacto...