Credit rating of five companies listed in the capital market has been completed.
This information is known from Dhaka Stock Exchange (DSE) sources.
The companies are: Kashem Industries, Shahjibazar Power, CVO Petrochemical, Crown Cement and Bashundhara Paper Mills Limited.
Kashem Industries: The company has been rated by Credit Rating Agency of Bangladesh Limited. The company is rated ‘A1’ for long term and ‘ST-3’ for short term. This rating has been determined based on audited financial reports for the financial years ended June 30, 2024, 2023 and 2022, unaudited financial reports for the period ended October 30, 2024 and other information.
Shahjibazar Power: The rating of the company has been determined by the Credit Rating Agency of Bangladesh Limited. The company is rated ‘AA1’ for long term and ‘ST-1’ for short term. This rating is based on the audited financial report for the financial year ended June 30, 2024, unaudited report as on October 31, 2024 and other information.
CVO Petrochemical: The company has been rated by Credit Rating Agency of Bangladesh Limited. The company is rated ‘BBB1’ for long term and ‘ST-3’ for short term. This rating is determined based on the audited financial report for the financial year ended June 30, 2024, unaudited report as on September 30, 2024 and other information.
Crown Cement: The company has been rated by Credit Rating Agency of Bangladesh Limited. The company is rated ‘AA1’ for long term and ‘ST-2’ for short term. This rating is based on the audited financial report for the financial year ended June 30, 2024, unaudited report as on October 31, 2024 and other information.
Bashundhara Paper: The company has been rated by Credit Rating Agency of Bangladesh Limited. The company is rated ‘AA1’ for long term and ‘ST-2’ for short term. This rating is determined based on the audited financial report for the financial year ended June 30, 2024, unaudited report as on November 30, 2024 and other information.
