The credit rating of 3 companies listed in the stock market has been completed.The companies are: United Power, Bangladesh Submarine Cables and Eastern Insurance.
United Power: The company has long-term rating of ‘AAA’ and short-term rating of ‘ST-1’. The rating is based on audited financial statements for the financial year ended June 30, 2024 and other relevant information. The company is rated by Emerging Credit Rating Limited.
Bangladesh Submarine Cables: The company has long-term rating of ‘AAA’ and short-term rating of ‘ST-1’. The rating has been determined based on the audited financial report for the fiscal year ended June 30, 2024, the unaudited financial report for the fiscal year ended September 30, 2024 and other relevant information. The company is rated by Credit Information and Services Limited.
Eastern Insurance: The company has long-term rating of ‘AAA’ and short-term rating of ‘ST-1’. The rating is based on the audited financial statements for the fiscal year ended December 31, 2023. The company is rated by National Credit Ratings Limited.
This information is known from Dhaka Stock Exchange (DSE) sources.
