3 companies credit ratings completed

Stock market Desk , Published: 2023-12-13 14:02:43, Updated: 2023-12-13 14:02:43

Credit rating of 3 companies listed in the capital market has been completed. The companies are – Union Capital Limited, Square Textile plc and Investment Corporation of Bangladesh.

This information is known from DSE sources.

According to reports, National Credit Rating Ltd. (NCR) Ltd. has assigned Union Capital’s credit rating at “BBB+” for long term and “ST-3” for short term.

This rating is determined based on the company’s audited financial statements as on December 31, 2023.

Credit Rating Information and Services Limited (CRISL) Ltd. has rated Square Textiles Limited at “AA+” for long term and “ST-1” for short term.

This rating is determined based on the company’s audited financial statements as on June 30, 2023.

Credit Rating of ICB National Credit Rating Limited (NCR) Limited has rated “AAA” for long term and “ST-1” for short term.

This rating is determined based on the company’s audited financial statements as on June 30, 2023.