In view of the change in the shareholding pattern and resulting change in management control of Javed Omer Vohra & Company Limited (JOVCL), JCR-VIS Credit Rating Company Limited has placed the entity ratings of A/A-1 (single A/A-one) assigned to JOVCL on 'Rating Watch'.
According to a press release issued here on Thursday the ratings will be revisited once a confirmed management team is in place and the company's future business strategy can be assessed.-PR