2024-03-31 06:41:08
It was revealed by determining the credit rating of two companies listed in the capital market. The companies are – Insurance sector Sikdar Insurance Company Limited and textile sector listed company Far East Knitting and Dyeing Industries.
On Sunday (March 31), this information was revealed by Dhaka and Chittagong Stock Exchange (DSE-CSE).
Sikdar Insurance: The company’s credit rating has been completed by Argus Credit Rating Services Limited (CRAB). The company has a long-term rating of ‘AA-‘. And short term rating is ‘ST-2’. The rating is determined on the basis of audited financial reports and other qualitative data for the financial year ended 31 December 2022.
Fareast Knitting & Dyeing: The company’s credit rating has been completed by Credit Rating Information and Services Limited (CRISL). The company has a long term rating of ‘AA’. And short term rating is ‘ST-2’. The rating has been determined based on the audited financial report for the financial year ended June 30, 2023, the unaudited financial report for the period ended December 31, 2023 and other qualitative data.