The credit ratings of 12 companies listed on the capital market were completed in the past week (December 8-12). The Dhaka Stock Exchange (DSE) has published information on the companies whose credit ratings were completed. Stock Brokerage
The companies are: Eastern Insurance, Bangladesh Submarine Cables, United Power, Square Textile, Aramit Cement, Nahi Aluminum, Popular Life Insurance, Union Capital, Beximco Pharma, Silva Pharma, Kattali Textile and Star Adhesive.
Eastern Insurance: The company has a long-term rating of ‘AAA’ and a short-term rating of ‘ST-1’. This rating has been determined based on the audited financial statements for the fiscal year ended December 31, 2023. The company’s rating has been determined by National Credit Ratings Limited.
Bangladesh Submarine Cables: The company has a long-term rating of ‘AAA’ and a short-term rating of ‘ST-1’. This rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024, the unaudited financial statements for the fiscal year ended September 30, 2024 and other relevant information. The company’s rating has been determined by Credit Information and Services Limited.
United Power: The company has a long-term rating of ‘AAA’ and a short-term rating of ‘ST-1’. This rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024 and other relevant information. The company’s rating has been determined by Emerging Credit Rating Limited.
Square Textile: The company has a long-term rating of ‘AA+’ and a short-term rating of ‘ST-1’. The rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024, unaudited financial statements up to September 30, 2024 and other information. The company’s rating has been determined by Credit Rating Information and Services Limited.
Aramit Cement: The company has a long-term rating of ‘BB+’ and a short-term rating of ‘ST-5’. The rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024, unaudited financial statements up to September 30, 2024 and other information. The company’s rating has been determined by Credit Rating Information and Services Limited.
Nahi Aluminum: The company has a long-term rating of ‘A-‘ and a short-term rating of ‘ST-3’. The rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024 and other information. The company’s rating has been determined by National Credit Ratings Limited.
Popular Life Insurance: The company has a long-term rating of ‘AAA’ and a short-term rating of ‘ST-1’. This rating has been determined based on the audited financial statements for the fiscal year ended December 31, 2023. The company’s rating has been determined by National Credit Ratings Limited.
Union Capital: The company has a long-term rating of ‘BBB-‘ and a short-term rating of ‘ST-4’. This rating has been determined based on the audited financial statements for the fiscal year ended December 31, 2023. National Credit Ratings Limited has determined the credit rating of the company.
Beximco Pharma: The company has a long-term rating of ‘AAA’ and a short-term rating of ‘ST-1’. This rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024, unaudited statements up to September 30, 2024 and other information. The company’s rating has been determined by Credit Rating Information and Services Limited.
Silva Pharma: The company has a long-term rating of ‘A3’ and a short-term rating of ‘ST-1’. This rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2022 to 2024, unaudited reports to October 30, 2024 and other information. The company’s rating has been determined by Credit Rating Agency of Bangladesh Limited.
Kattali Textile: The company has a long-term rating of ‘BBB2’ and a short-term rating of ‘ST-3’. This rating has been determined based on the audited financial statements for the fiscal year ended June 30, 2024, unaudited reports to November 30, 2024 and other information. The company’s rating has been determined by Credit Rating Agency of Bangladesh Limited.
Star Adhesive: The company has a long-term rating of ‘A’ and a short-term rating of ‘ST-2’. This rating has been determined based on the audited financial statements and other information for the fiscal year ended June 30, 2024. The company’s rating has been determined by Emerging Credit Ratings Limited.
