6 companies Completed credit ratings

Credit rating of 6 companies listed in the capital market has been completed. The companies are – Trust Bank Limited, Shasha Denims Limited, Jamuna Bank Limited, Eastern Bank Limited, National Housing Finance and Investment Limited and United Finance Limited.

This information is known from DSE sources.

It is reported that Credit Rating Information and Services Limited (CRICL) has determined the credit rating of National Housing Finance and Investment Limited. And United Finance Limited’s credit is rated by Emerging Credit Rating Limited (ACRL). Also Credit Rating Agency of Bangladesh Limited (CRAB) determined the credit rating of the remaining 4 companies.

It is reported that based on the audited financial status of Trust Bank Limited, long-term ‘AA1’ and short-term ‘ST-1’ and Yamuna Bank Limited’s long-term ‘AA1’ and short-term ‘ST-1’ and Eastern Bank Limited’s long-term ‘AAA’ and short-term ‘ST’. -1 rating has been determined.

In addition, among the other three companies, Shasha Denims Limited has been rated ‘AA3’ based on its audited financial position (30 June 2022) and ‘ST-2’ in the short term based on unaudited financial reports as on (31 March 2023) and other information.

National Housing Finance and Investment Limited has rated ‘AA-‘ for long term and ‘ST-2’ for short term based on its audited financials and unaudited financial position as on (31 March 2013).

United Finance Limited has also assigned ‘AA-‘ for long term and ‘ST-2’ for short term based on the company’s audited financial position as on 31-Dec-22.

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