Final Credit Rating Award of the Bank Submitted by CRAB
Credit Rating Agency of Bangladesh Ltd (CRAB), the appointed rating agency of AIBL, submitted Final Rating Award on June 26, 2012. Rating of the bank for the year 2011 awarded by CRAB is as follows:
|
Long Term |
Short Term |
Rating-2011 |
AA3 |
ST-2 |
Rating-2010 |
A1 |
ST-2 |
Date of Rating |
26 June, 2012 |
Validity |
30 June, 2013 |
Definition of AA3 (Very Strong Capacity & Very High Quality): Commercial Banks rated AA3 have very strong capacity to meet their financial commitments. They differ from the highest-rated Commercial Banks only to a small degree. AA3 is judged to be of very high Quality and is subject to very low credit risk.
Definition of ST-2 (High Grade): Commercial Banks rated in this category are considered to have strong capacity for timely repayment of obligations. Commercial Banks rated in this category are characterized with commendable position in terms of liquidity, internal fund generation, and access to alternative sources of funds in outstanding. |
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