Determination of credit rating of two companies

by times news cr

2024-09-28 00:41:26

Published: 14:43, 26 September 2024

It was revealed by determining the credit rating of two companies listed in the capital market.

Determination of credit rating of two companies

The companies are – International Leasing and Finance Services Limited and IPDC Finance Limited listed in the financial sector.

On Thursday (September 26), Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) informed this information.

According to information, the credit rating of International Leasing and Finance Services Limited has been determined by National Credit Ratings Limited (NCR). The company is rated ‘BBB’ for long term and ‘ST-4’ for short term. The rating has been determined based on the audited financial report for the financial year ended December 31, 2023.

IPDC Finance Limited’s credit rating has been determined by Emerging Credit Ratings Limited (ECRL). The company is rated ‘AAA’ for long term and ‘ST-1’ for short term. This credit rating has been determined on the basis of audited financial report for the financial year ended 2023, unaudited financial report up to 30 June 2024 and other relevant quantitative and qualitative data.

Dhaka/NT/Eva

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