Five Companies Complete Their Credit Ratings

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Five Companies Complete Their Credit Ratings

BM Desk : Five capital market-listed firms have had their credit ratings finished. These details were disclosed by the Dhaka Stock Exchange (DSE).

Standard Bank, Trust Bank, Asia Insurance, Federal Insurance, and Prime Bank PLC are the companies in question.

Standard Bank: National Credit Rating Limited has decided on the company’s rating. The business has a long-term rating of ‘AA’ and a short-term rating of ‘ST-2’. The audited financial report for the fiscal year that concluded on December 31, 2024, along with additional data, served as the basis for this assessment.

Trust Bank: Credit Rating Agency of Bangladesh Limited has decided on the company’s rating. The business has a long-term rating of ‘AA1’ and a short-term rating of ‘ST-1’. The audited financial report for the fiscal year that concluded on December 31, 2024, along with additional data, served as the basis for this assessment.

Asia Insurance: National Credit Rating Limited has decided on the company’s rating. The corporation is rated ‘ST-1’ for the short term and ‘AAA’ for the long term. The audited financial accounts for the fiscal year that concluded on December 31, 2024, along with additional data, were used to obtain this grade.

Federal Insurance: National Credit Rating Limited has assigned a rating to the business. The corporation is rated ‘ST-2’ for the short term and ‘AA+’ for the long term. The audited financial accounts for the fiscal year that concluded on December 31, 2024, along with additional data, were used to obtain this grade.

Prime Bank: Credit Rating Agency of Bangladesh Limited has assigned a rating to the company. The corporation is rated ‘ST-1’ for the short term and ‘AAA’ for the long term. The audited financial accounts for the fiscal year that concluded on December 31, 2024, as well as additional data as of the rating release date, were used to derive this rating.

 

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