Karachi, June 30,2026: VIS Credit Rating Company Limited has upgraded long-term entity ratings of First Paramount Modaraba from 'BBB’ (Triple B) to ‘BBB+’ (Triple B Plus) while maintaining short-term rating at ‘A3' (A Three). Outlook on the assigned ratings is ‘Stable’. Previous rating action was announced on March 11, 2026.

CREDIT RATING COMPANY	VIS
LONG TERM	'BBB+'
SHORT TERM	A-3
OUT LOOK	STABLE