Credit Rating Report: Still Standing Strong

Credit Rating Agency of Bangladesh Limited (CRAB) has affirmed ‘AA3‘ rating in the long term and ‘ST-2’ rating in the short term to AB Bank Ltd. for the year ended 31 December 2011 (based on audited financials).

Entity Rating December 2010 Entity Rating December 2011 Definition
Long Term Long Term Banks rated AA3 in the long term belong to “Very strong capacity & Very high quality” cohort. Bank has very strong capacity to meet their financial commitments. Bank is judged to be of high quality and is subject to low credit risk.
Short Term Short Term The bank rated ST-2 in the short term is considered to have strong capacity for timely repayment. Bank is characterized with commendable position in terms of liquidity, internal fund generation, and access to alternative sources of funds.
ST-2 ST-2
Date of Rating 21 June, 2012

By the order of the Board
Company Secretary