RATING UPDATE - MARCH 2014crab.com.bd/.../2014/05/Rating-Update-March-2014_2.pdf · Rating Update - March 2014 ... 37 Advance Animal Science Co. Ltd. Miscellaneous Surveillance BBB3

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TABLE OF CONTENT

Page #

List of Corporate and SME 01-34

List of Banks and Financial Institutions 35-35

List of Merchant Banks and Securities Firms 35-35

List of Insurances 36-36

List of Micro Finance Institutions (MFIs) 36-36

Appendices: CRAB Rating Scales and Definitions

Appendix 01: Long Term Credit Rating: Corporate (Entity) 37-37

Appendix 02: Long Term Credit Rating: Corporate (Long Term Loan) 38-38

Appendix 03: Short Term Credit Rating: Corporate (Short Term Loan) 39-39

Appendix 04: Long Term Credit Rating: Bank 40-40

Appendix 05: Short Term Credit Rating: Bank 41-41

Appendix 06: Long Term Credit Rating: Financial Institutions 42-42

Appendix 07: Short Term Credit Rating: Financial Institutions 43-43

Appendix 08:Long Term Credit Rating: Insurance 44-44

Appendix 09: Short Term Credit Rating: Insurance 45-45

Appendix 10: Long Term Credit Rating: Debt Instruments 46-46

Appendix 11: Long Term Credit Rating: Project Finance 47-47

Appendix 18: CRAB Rating Scales and Definitions –SME 48-48

Rating Update - March 2014 (Update up to 31 March 2014)

Sl No. Name of Client/Company Industry Rating Type Entity Loan Ratings Rating

(Alphabetical order) Rating Long Term Short Term* Outlook Validity**

Corporate and SME

1 A & B Outwear Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

2 A Jabbar Auto Rice Mill Rice Mill Initial Rating - BBB3(Lr) - - 31-Mar-15

3 A K Traders (Al-Arafah) Trading Initial Rating - BB3(Lr) ST-4 - 30-Mar-15

4 A K Traders (NBL) Trading Initial Rating - BB2(Lr) - - 30-Nov-14

5 A Kashem Timber & S'Mill Timber & Furniture Surveillance - BB1(Lr) ST-4 - 22-Oct-14

6 A M Cold Storage Ltd. Cold Storage Initial Rating BBB1 BBB1(Lr) ST-3 Stable 30-Jun-14

7 A Plus Industries Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 15-Dec-14

8 A R S S Enterprise Trading Initial Rating - - ST-6 - 21-Jul-14

9 A S P Enterprise Trading Surveillance - - ST-3 - 31-Mar-14

10 A Tex International Ltd. Textile Initial Rating BBB1 BBB1(Lr) ST-3 Stable 10-May-14

11 A Wahab & Sons Trading Initial Rating - BBB3(Lr) ST-3 - 28-Jan-15

12 AA Accessories Ind. Ltd. RMG Accessories Initial Rating BB2 BB2(Lr) ST-4 Stable 30-Jun-14

13 AA Synthetic Fibers Mills Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-14

14 AB Trade Link Trading Initial Rating - D(Lr) ST-6 - 21-Jul-14

15 Abbas Steel House Trading Surveillance - - ST-3 - 30-Jun-14

16 ABC Garments Ltd. Textile Initial Rating - - ST-4 - 30-Dec-14

17 Abdul Baten & Brothers Trading Initial Rating - BBB3(Lr) ST-3 - 11-Dec-14

18 Abdul Malek Mondol & Son's Trading Surveillance - B2(Lr) ST-5 - 30-Dec-14

19 Abdul Mozid Biswas Trading Initial Rating - BB3(Lr) - - 6-Nov-14

20 Abdullah Rice Mill Rice Mill Initial Rating - BB1(Lr) ST-3 - 12-Jun-14

21 Abid Dyeing Mills Ltd. Dyeing & Printing Initial Rating - B3 (Lr) ST-5 - 13-Nov-14

22 Abid Textile Textile Initial Rating - BB1(Lr) ST-3 - 20-Nov-14

23 Abir Enterprise Trading Initial Rating - BB1(Lr) ST-4 - 29-Jun-14

24 Abir Paribahan Sangstha Miscellaneous Surveillance - - ST-3 - 20-Jun-14

25 ABL Specialized Cold Storage Pvt. Ltd. Cold Storage Surveillance - CCC1(Lr) - - 12-Aug-14

26 Abul Hossain Chaul Kal Rice Mill Initial Rating - BB2(Lr) ST-4 - 30-Sep-14

27 Abul Kalam & Brothers Trading Surveillance - BB3(Lr) ST-4 - 15-Nov-14

28 Abul Khair & Others Trading Surveillance - - ST-3 - 15-Feb-15

29 Abul Khair Ceramic Industries Ltd. Ceramic Initial Rating A2 A2(Lr) ST-2 Stable 30-Sep-14

30 Abul Khair Tannery Tennery Initial Rating - BB1(Lr) - - 21-Jul-14

31 Add Valley Miscellaneous Initial Rating - BB1(Lr) ST-4 - 15-Dec-14

32 Adex Corporation Ltd. Engineering Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

33 Adex Engineering Ltd. Engineering Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

34 Adhunik Paper Mills Ltd. Paper Surveillance BB2 BB2(Lr) ST-4 Stable 13-Apr-14

35 Adhunik Poshak Shilpa Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 18-Apr-14

36 Adiyat Traders & it's Sister Concerns Trading Initial Rating - BB1(Lr) - - 4-Feb-15

37 Advance Animal Science Co. Ltd. Miscellaneous Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-14

38 Advance Development & Tech. Ltd. Real Estate Surveillance A1 A1(Lr) ST-2 Stable 21-Nov-14

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation

* Short Term loans include both funded and non-funded limits.

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is earlier.




39 Advance EPS Technologies Ltd. Engineering Surveillance BBB2 BBB2(Lr) ST-3 Stable 1-Dec-14

40 Advance Ready Mix Concrete Ind. Ltd. Engineering Surveillance BBB2 BBB2(Lr) ST-3 Stable 1-Dec-14

41 Advance Technology & Ideas Ltd. Engineering Initial Rating - BBB3(Lr) ST-4 - 1-Dec-14

42 Afia Enterprise Trading Initial Rating - BB1(Lr) ST-4 - 17-Dec-14

43 Afrin Cold Storage Ltd. Cold Storage Surveillance - BBB3(Lr) - - 29-Dec-14

44 Afrin Jute Spinners Ltd. Jute Surveillance - BBB3(Lr) ST-4 - 29-Dec-14

45 Afsana Flour Mills Ltd. Food & Allied Initial Rating - BBB3(Lr) ST-3 - 26-Mar-15

46 Aftor Ali Trading Initial Rating - BB1(Lr) - - 27-Sep-14

47 Agrani Traders Trading Initial Rating - BB2(Lr) - - 30-Mar-15

48 Agro Equipments Ltd. Agro Inputs Surveillance BBB3 BBB3(Lr) ST-4 Stable 17-Apr-14

49 Agro Resources Company Ltd. Miscellaneous Initial Rating - BBB3(Lr) - - 19-Jun-14

50 Agrotech Feeds Ltd. Feed Mill Initial Rating BBB3 - ST-3 Stable 28-Feb-15

51 Ahad Trading Trading Initial Rating - BB3(Lr) ST-4 - 14-Dec-14

52 Ahmed & Sons Auto Rice Mill Rice Mill Surveillance - BB1(Lr) - - 21-Jul-14

53 Ahmed Agro Agency Agro Inputs Initial Rating - BB1(Lr) ST-4 - 29-Jun-14

54 Ahmed Store Trading Surveillance - - ST-3 - 14-Dec-14

55 Ahmmodia Rice & Flour Mills Rice Mill Surveillance - BBB3(Lr) ST-3 - 29-Jun-14

56 AirBell Development Technologies Ltd. Real Estate Initial Rating - BB1(Lr) ST-4 - 5-Aug-14

57 AJ Fashions Ltd. Textile Surveillance - BB2(Lr) ST-4 - 30-Jun-14

58 Akbar Composite Mills Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-14

59 Akbar Cotton Mills Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-14

60 Akbar Textile Mills Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 30-Jun-14

61 Akco Industries and Cold Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

62 Akhil & Brothers Trading Surveillance - - ST-4 - 28-Nov-14

63 Akon Traders Trading Initial Rating - BBB3(Lr) ST-3 - 31-Mar-14

64 Akram & Sons Trading Surveillance - - ST-3 - 28-Dec-14

65 Akther Hassan Traders Textile Surveillance - BB1(Lr) ST-4 - 29-Jun-14

66 Al Amin Enterprise (Jessore) Trading Surveillance - BBB3(Lr) ST-3 - 29-Mar-15

67 Al Amin Garment Inds. Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 17-Oct-14

68 Al Amin Plywood Industries Ltd. Plywood Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

69 Al Amin Printing & Packages Printing & Packaging Initial Rating - BBB3(Lr) ST-4 - 21-Jul-14

70 Al Bakara Steel & Co. Steel Initial Rating - BBB3(Lr) ST-3 - 18-Feb-15

71 Al Barakat Rice Mill Rice Mill Surveillance - - ST-3 - 30-Nov-14

72 Al Madina Industries Trading Initial Rating - BBB3(Lr) ST-3 - 4-Feb-15

73 Al Madina Pharmaceuticals Ltd. Pharmaceutical Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Sep-14

74 Al Madina Rice & Flour Mill Rice Mill Initial Rating - BB2(Lr) - - 4-Sep-14

75 Al Madina Traders Trading Surveillance - BBB3(Lr) - - 31-Mar-14

76 Al Marjan International Trading Initial Rating - BB3(Lr) - - 15-Dec-14

77 Al Modina Traders (IBBL) Trading Initial Rating - - ST-3 - 28-Aug-14

78 Al Monsur Oil Mill Food & Allied Initial Rating - BB3(Lr) - - 6-Nov-14

79 Al Mostafa Printing & Packaging Ltd. Printing & Packaging Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Nov-14

80 Al Mukaram Enterprise Trading Surveillance - - ST-3 - 30-Nov-14

81 Al Musafa Enterprise Trading Initial Rating - - ST-4 - 31-Jul-14


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82 Al Noor Paper & Board Mills Ltd. Paper Initial Rating - BBB2(Lr) ST-3 - 20-Nov-14

83 Al Noor Steel Complex Ltd. Steel Surveillance - A3(Lr) ST-3 - 31-Dec-14

84 Al Sahera & Sons Trading Initial Rating - BB3(Lr) - - 29-May-14

85 Alam & Brothers Bricks Brick Initial Rating - BB3(Lr) - - 6-Nov-14

86 Alam & Brothers Rice Mill Rice Mill Initial Rating - BBB3(Lr) - - 29-Sep-14

87 Alam Brothers Boiler Auto Rice Mill & its Sister ConcernRice Mill Initial Rating - BB2(Lr) ST-4 - 12-Mar-15

88 Alam Store Trading Initial Rating - - ST-3 - 28-Sep-14

89 Alcove Ltd. Real Estate Initial Rating - BB3(Lr) - - 29-Dec-14

90 Alfis Limited Trading Surveillance - BBB3(Lr) ST-3 - 31-Dec-14

91 Alhaj Traders Trading Initial Rating - BB1(Lr) - - 30-Mar-15

92 Ali Ahmed Re-Rolling Mills (Pvt) Ltd. Steel Initial Rating - - ST-4 - 12-Jun-14

93 Ali Akbar & Sons Trading Initial Rating - - ST-3 - 30-Dec-14

94 Ali Enterprise Trading Surveillance - - ST-3 - 21-Dec-14

95 Ali Enterprise (EXIM) Trading Initial Rating - BB1(Lr) - - 28-Dec-14

96 Ali Hossain Traders Trading Surveillance - BB2(Lr) ST-4 - 30-May-14

97 Ali Steel Enterprise Trading Initial Rating - BB3(Lr) ST-4 - 29-May-14

98 Alif Enterprise Trading Surveillance - - ST-4 - 29-Jun-14

99 Alif Tiles & Sanitary Trading Surveillance - - ST-3 - 30-Aug-14

100 Alim Industries Ltd. Trading Initial Rating BBB2 BBB2(Lr) ST-3 Stable 31-May-14

101 Alliance Holdings Ltd. Miscellaneous Surveillance A2 A1(Lr), A2(Lr) ST-1, ST-3 Stable 30-Oct-14

102 Al-Mahmud Filling Station Ltd. Filling Station Surveillance - BBB3(Lr) - - 30-Mar-15

103 Aman Agro Industries Ltd. Agro Inputs Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

104 Aman Associates Ltd. Trading Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Sep-14

105 Aman Cement Mills Ltd. Cement Surveillance A2 A2(Lr) ST-3 Stable 31-Dec-14

106 Aman Cold Storage Ltd. Cold Storage Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

107 Aman Cotton Fibrous Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 13-Nov-14

108 Aman Cotton Fibrous Unit-2 Ltd. Textile Initial Rating BBB1(Pr) - - - 18-Aug-14

109 Aman Feed Ltd. Feed Mill Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-14

110 Aman Knitting Ltd. Textile Initial Rating BBB2 BBB2(Lr) ST-3 Stable 1-Dec-14

111 Aman Poultry & Hatchery Ltd. Poultry & Fisheries Initial Rating BBB1 BBB1(Lr) ST-3 Stable 29-Dec-14

112 Aman Seed Storage Ltd. Cold Storage Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

113 Aman Spinning Mills Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-14

114 Aman Tex Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 30-Sep-14

115 Aman Trading Corporation Trading Surveillance - - ST-3 - 30-Sep-14

116 Amana Super Shop & Products (Pvt.) Ltd. Trading Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-14

117 Ambient Steel (BD) Ltd. Steel Initial Rating BB1 BB1(Lr) ST-4 Stable 11-Sep-14

118 AMC Knit Composite Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-14

119 Amex Limited Textile Surveillance AA2 AA2(Lr) ST-2 Stable 31-Mar-14

120 Amin & Sons Trading Initial Rating - BBB3(Lr) ST-3 - 12-Apr-15

121 Amin Trading Corporation Trading Initial Rating - BBB3(Lr) ST-3 - 29-Jun-14

122 Amity Design Ltd. Textile Surveillance BB3 BB3(Lr) ST-4 Stable 28-Dec-14

123 Amotex Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 23-May-14

124 Amrita Lal Dev Nath Trading Initial Rating - BB1(Lr) - - 15-Jan-15


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125 Anan Socks Ltd. Textile Initial Rating - B3 (Lr) ST-5 - 13-Nov-14

126 Anannya Traders Trading Surveillance - BBB3(Lr) ST-3 - 20-Jun-14

127 Ananta Apparels Ltd. Textile Surveillance AA3 AA3(Lr) ST-3 Stable 2-May-14

128 Ananta Casul Wear Ltd. Textile Surveillance AA3 AA3(Lr) ST-3 Stable 2-May-14

129 Ananta Denim Technology Ltd. Textile Surveillance AA3 AA3(Lr) ST-3 Stable 2-May-14

130 Ananta Paper Mills Ltd. Paper Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

131 Angasree Dyeing,Printing,Finishing & Calendering RMG Accessories Initial Rating - BBB3(Lr) - - 19-Mar-15

132 Angel Button Ltd. RMG Accessories Surveillance - BB1(Lr) ST-3 - 30-Apr-14

133 Angelic Print Sharee Textile Initial Rating - BBB3(Lr) - - 30-Dec-14

134 Angoshova Bastrolaya Trading Initial Rating - BB2(Lr) - - 23-Sep-14

135 Anik Composite Mills Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

136 Anmon Garments Accessories Ind. Ltd. RMG Accessories Initial Rating BB2 BB2(Lr) ST-4 Stable 30-Dec-14

137 Annyasha Trading Agency Trading Surveillance - BB2(Lr) ST-4 - 30-Dec-14

138 Anonda Bipony Trading Surveillance - - ST-3 - 29-Jun-14

139 Ansar Ali Biswas Dal Mill Food & Allied Initial Rating - BB3(Lr) - - 6-Nov-14

140 Anupam Fashion Wear Ltd. Textile Initial Rating - BB3(Lr), B1(Lr) ST-4 - 30-Dec-14

141 Anwar Enterprise Trading Surveillance - - ST-4 - 30-Jun-14

142 Anwar Trading (IBBL) Trading Surveillance - - ST-4 - 29-Jun-14

143 Anwara Ispat Steel Initial Rating - BBB3(Lr) ST-3 - 18-Feb-15

144 Anwara Mannan Textile Mills Textile Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-14

145 Anwer Khan Modern Hospital Ltd. Healthcare Surveillance - BBB1(Lr) ST-3 - 30-Dec-14

146 Apex Foods Ltd. Food & Allied Surveillance A2 - ST-3 Stable 31-Dec-14

147 Apex Lingerie Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

148 Apex Spinning & Knitting Mills Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 30-Sep-14

149 Apex Textile Printing Mills Ltd. RMG Accessories Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

150 Apex Yarn Dyeing Ltd. Dyeing & Printing Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

151 Apparel-21 Limited Textile Surveillance A2 A2(Lr) ST-3 Stable 30-Jun-14

152 Appollo Engineering and Construction Ltd. Construction Surveillance - BB2(Lr) ST-4 - 20-Jun-14

153 Arco Cold Storage Ltd. Cold Storage Initial Rating - BB3(Lr) ST-4 - 29-Dec-14

154 Arian Chemicals Ltd. Chemical Initial Rating BBB3 BBB3(Lr) ST-4 Stable 30-Jun-14

155 Arif Garments Textile Initial Rating - BB3(Lr) - - 27-Apr-14

156 Arif Traders Trading Initial Rating - BBB2(Lr) - - 10-May-14

157 ARL Ship Breaking Ltd. Shipbreaking Surveillance - BB1(Lr) ST-5 Negative 15-Dec-14

158 ARMAC Services Ltd. Services Surveillance - BBB2(Lr) ST-4 - 19-Sep-14

159 Arna & Arpa Enterprise Trading Initial Rating CRAB-SE 4 - - - 30-Mar-15

160 ARS Properties Ltd. Real Estate Surveillance - BB1(Lr) ST-3 - 30-Dec-14

161 Arshad Enterprise Trading Initial Rating - BB1(Lr) - - 15-May-14

162 ART Accessories Ltd. Miscellaneous Initial Rating BB2 - ST-4 Stable 30-Mar-15

163 Articulation Development Ltd. Real Estate Initial Rating - BBB3(Lr) - - 27-Sep-14

164 Aryan Stone and Marble Ltd. Trading Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-15

165 Asad Chanachur Factory Food & Allied Initial Rating CRAB-SE 3 - - - 30-Mar-15

166 Asahi Knit Apparels Textile Surveillance B1 B1(Lr) ST-5 Stable 2-Dec-14

167 Ashik Traders Trading Initial Rating - BB2(Lr) ST-4 - 30-Mar-15


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168 Ashiyan Homes Ltd. Real Estate Surveillance B1 B1(Lr) ST-5 Negative 29-Sep-14

169 Ashiyan Lands Development Ltd. Real Estate Surveillance B1 B1(Lr) ST-5 Negative 29-Sep-14

170 Asia Electronics Trading Surveillance - - ST-4 - 30-Nov-14

171 Asia Enterprise Trading Surveillance - - ST-3 - 30-Sep-14

172 Asian Apparels Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 15-Sep-14

173 Asian Dredgers Ltd. Miscellaneous Surveillance B2 B2(Lr) ST-5 Negative 30-Jun-14

174 ASS Knitwear Ltd. Textile Initial Rating - - ST-4 - 30-Dec-14

175 Asset Development & Holdings Ltd. Restaurant Surveillance AA3 AA3(Lr) ST-2 Stable 30-Oct-14

176 AST Beverage Ltd. Food & Allied Surveillance AA3 AA3(Lr) ST-2 Stable 17-Oct-14

177 Aswad Composite Mills Ltd. Textile Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-14

178 Ataur Traders Trading Initial Rating - BB1(Lr) ST-3 - 30-Oct-14

179 Atherton Imbros Company Ltd. Miscellaneous Initial Rating - B1(Lr) ST-5 - 4-Sep-14

180 Atlantic Enterprise Trading Initial Rating - B1(Lr) ST-5 - 21-Jul-14

181 Awal Store Trading Surveillance - - ST-4 - 30-Jun-14

182 Axiom Technologies Ltd. ICT Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-14

183 Ayesha Hide & Skin Miscellaneous Initial Rating - BB3(Lr) - - 30-Jun-14

184 Ayesha Jute Fibres Ltd. Jute Surveillance BB3 BB3(Lr) - Stable 14-Nov-14

185 Ayez Uddin Chaul Kal Rice Mill Initial Rating - BB1(Lr) - - 29-Sep-14

186 Ayubpur Textile Mills Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

187 Azad Syndicate Trading Surveillance - BB1(Lr) - - 30-Jun-14

188 Azad Traders Trading Initial Rating - BB2(Lr) - - 23-Dec-14

189 Azadi Printers Ltd. Printing & Packaging Initial Rating - B1(Lr) - - 13-Jun-14

190 Aziz Textile Textile Initial Rating - BB2(Lr) ST-4 - 18-Feb-15

191 Azmi Foods Ltd. Food & Allied Initial Rating BB1 BB1(Lr) ST-3 Stable 13-Nov-14

192 Azmir Rice Mill Rice Mill Surveillance - BB1(Lr) - - 21-Nov-14

193 B A Corporation Trading Surveillance - BB1(Lr) - - 10-Jul-14

194 B B Textile Textile Initial Rating - BB1(Lr) - - 10-May-14

195 B R Bricks Brick Initial Rating - BB2(Lr) - - 30-Oct-14

196 B S Enterprise Trading Initial Rating - BB2(Lr) ST-3 - 31-Aug-14

197 Babu Enterprise Trading Surveillance - BBB3(Lr) ST-3 - 28-Dec-14

198 Babul Hardware Store Trading Initial Rating - BB1(Lr) ST-3 - 4-Aug-14

199 Baly Garments Textile Initial Rating CRAB-ME 4 - - - 30-Mar-15

200 Bangladesh Chaul Kal Rice Mill Initial Rating - BB1(Lr) - - 29-Sep-14

201 Bangladesh Industrial Gases Ltd. Gas Surveillance BBB3 BBB3(Lr) ST-3 Stable 28-Dec-14

202 Bappy Enterprise Trading Surveillance - BB1(Lr) ST-4 - 15-Dec-14

203 Barakatullah Electro Dynamics Ltd. Fuel & Power Surveillance AA2 AA2(Lr) ST-3 Stable 30-Dec-14

204 Base Textile Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-Jun-14

205 Bashir Traders Trading Surveillance - BBB3(Lr) ST-3 - 18-Feb-15

206 Bashundhara Dredging Company Ltd. Miscellaneous Surveillance - BBB1(Lr) ST-4 - 31-Mar-14

207 Bashundhara Industrial Complex Ltd. Cement Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

208 Bashundhara LP Gas Ltd. Miscellaneous Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-14

209 Basori Auto Rice Mill Rice Mill Initial Rating BB1 - ST-4 - 12-Mar-15

210 Bata Shoe Company (Bangladesh) Ltd. Footwear Surveillance AAA - ST-1 Stable 31-Mar-14


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211 Bay Developments Ltd. Real Estate Initial Rating AA3 AA3(Lr) ST-3 Stable 30-Dec-14

212 BBC Steel Trading Initial Rating - - ST-4 - 30-Mar-15

213 BD Corporation Trading Surveillance - BB2(Lr) ST-4 - 20-Jun-14

214 BD Foods Ltd. Food & Allied Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

215 BD Knit Design Ltd. Textile Initial Rating - - ST-4 - 30-Dec-14

216 BD Sea Food Ltd. Food & Allied Surveillance BBB1 BBB1(Lr) ST-3 Stable 15-Jun-14

217 BD Thai Food & Beverage Ltd. Food & Allied Surveillance - BB2(Lr) - - 30-Sep-14

218 Beats Fashion Ltd. Textile Surveillance - BB1(Lr) ST-4 - 30-Jun-14

219 Beauty Cycle Store Trading Initial Rating - BB1(Lr) - - 4-Feb-15

220 Bemisal Enterprise Trading Surveillance - - ST-3 - 30-Jun-14

221 Bengal Corporation Trading Initial Rating - BB2(Lr) - - 30-Dec-14

222 Bengal Huricane Dyeing & Printing Ltd. Dyeing & Printing Surveillance - A3(Lr), BBB2(Lr) ST-3 - 30-Dec-14

223 Bengal Meat Processing Ind. Ltd. Food & Allied Initial Rating BB1 BB1(Lr) - Stable 30-Dec-14

224 Bengal Pacific (Pvt.) Ltd. RMG Accessories Surveillance BBB3 BBB3(Lr) ST-3 Stable 14-Dec-14

225 Bengal Technological Corporation Ltd. Trading Initial Rating - BB2(Lr) ST-4 - 1-Dec-14

226 Bengal Windsor Thermoplastics Ltd. Plastics Surveillance AA3 AA1(Lr) ST-2 Stable 27-Dec-14

227 Best Shirts Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-14

228 Best Steel Industries Ltd. Steel Surveillance BBB2 BBB2(Lr) ST-3 Stable 14-Dec-14

229 BFL-HCL-JV Construction Surveillance - A2(Lr) ST-3 - 28-Dec-14

230 Bhai Bhai Corporation Trading Surveillance - BB3(Lr) ST-3 - 30-Oct-14

231 Bhai Bhai Enterprise Trading Initial Rating - BB1(Lr) - - 17-Apr-14

232 Bhai Bhai Traders Trading Initial Rating - BB2(Lr) - - 31-Mar-15

233 Bhawal Construction Construction Surveillance - BB3(Lr) ST-4 - 30-Dec-14

234 Bhuiyan & Company Trading Surveillance - CCC1(Lr) ST-5 - 2-Dec-14

235 Bhuyan Textile Mills Textile Initial Rating - B1(Lr) ST-5 - 13-Nov-14

236 Bikrampur Potato Flakes Ind. Ltd. Food & Allied Surveillance - A3(Lr) - - 31-Dec-14

237 Bilkis Auto Rice Mill Rice Mill Surveillance - BB2(Lr) ST-4 - 25-Jul-14

238 Binimoy Enterprise Trading Initial Rating - - ST-4 - 30-Nov-14

239 Biometrics. BD Ltd. Miscellaneous Initial Rating - BBB3(Lr) ST-4 - 30-Mar-15

240 Bismillah Aluminum Works Aluminum Surveillance - BBB1(Lr) - - 30-Sep-14

241 Bismillah Automatic Rice Mills Rice Mill Surveillance - BBB3(Lr) - - 19-Sep-14

242 Bismillah Business Service Trading Initial Rating - BB3(Lr) ST-4 - 30-Dec-14

243 Bismillah Iron Store Trading Initial Rating - BB1(Lr) ST-3 - 19-Mar-15

244 Bismillah Matsha Supplies Poultry & Fisheries Initial Rating - BB3(Lr) - - 30-Dec-14

245 Bismillah Moshari Store Textile Surveillance - BBB3(Lr) - - 30-Mar-15

246 Bismillah Trading Trading Surveillance - - ST-3 - 31-Oct-14

247 Biswas Traders & VIP Rice Mills Rice Mill Surveillance - BBB3(Lr) ST-3 - 30-Nov-14

248 Blue North Fisheries Poultry & Fisheries Initial Rating - BBB3(Lr) - - 27-Jun-14

249 Bogra Bhander Cold Storage Initial Rating - BB3(Lr), B1(Lr) ST-4 - 4-Dec-14

250 Bogra Bhander Auto Rice Flour Mill Cold Storage Initial Rating - BB3(Lr), B1(Lr) - - 4-Dec-14

251 Bogra Bhander Himagar Cold Storage Initial Rating - BB2(Lr) - - 30-Nov-14

252 Bogra Bhander Jute & Twine Industries Jute Initial Rating - BB3(Lr), B1(Lr) - - 4-Dec-14

253 Bonafide Knitting Mills Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-14


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254 Bonded Fashion Ltd. Textile Initial Rating - - ST-4 - 30-Dec-14

255 Bookman Printers & Publications Printing & Packaging Initial Rating - BBB3(Lr) ST-3 - 30-Jul-14

256 Borak Trading & Carrier Trading Initial Rating - BBB3(Lr) - - 10-May-14

257 Bright Sea Food Ltd. Food & Allied Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Nov-14

258 Bristi Enterprise Trading Initial Rating - BB1(Lr) - - 30-Nov-14

259 Brothers Enterprise Trading Initial Rating - - ST-6 - 21-Jul-14

260 BSB Spinning Mills Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 14-Nov-14

261 Building Construction Ltd. Construction Initial Rating - BB3(Lr) ST-4 - 23-Dec-14

262 Building Technology & Ideas Ltd. Real Estate Surveillance AA3 AA3(Lr) ST-2 Stable 31-May-14

263 Butterfly Marketing Ltd. Trading Initial Rating A3 A3(Lr) ST-3 Stable 24-Sep-14

264 Button Tex Ltd. RMG Accessories Surveillance BB2 BB2(Lr) ST-4 Stable 30-Dec-14

265 C & A Fashion Ltd. Textile Surveillance BB3 BB3(Lr) ST-4 Negative 30-Jun-14

266 C & A Textiles Ltd. Textile Surveillance BB3 BB3(Lr) ST-4 Negative 28-Dec-14

267 Caco Chemical Industries Ltd. Chemical Initial Rating BB1(Pr) - - - 11-Jun-14

268 Car Selection Trading Surveillance - BBB3(Lr) ST-3 - 5-Mar-15

269 Cardiac Care Ltd. Trading Surveillance - BB1(Lr) ST-4 - 13-Nov-14

270 CBN Bricks Ltd. Brick Initial Rating - C(Lr) ST-6 - 17-Dec-14

271 CEL Telecom Ltd. Telecommunication Surveillance - BB2(Lr) ST-4 - 21-Dec-14

272 Celluler Mobile Pte Ltd. ICT Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

273 Centro Tex Ltd. Textile Initial Rating BB1 BB1(Lr) ST-1 Stable 23-Dec-14

274 Century Spinning Mills Ltd. Textile Surveillance BB2 BB2(Lr) ST-4 Stable 2-Jun-14

275 Century Trade Syndicate Trading Surveillance - BB2(Lr) ST-4 - 30-Jun-14

276 Chakda Steel & Re-Rolling Mills Ltd. Steel Surveillance - BBB3(Lr) ST-3 - 15-Dec-14

277 Chancellor Publishers Printing & Packaging Initial Rating - BBB3(Lr) - - 27-Dec-14

278 Cherry Knitwear Ltd. Textile Surveillance - BBB1(Lr) ST-3 - 14-Dec-14

279 Chistia Brick Manufacturing Ltd. Brick Initial Rating - BB3(Lr) ST-4 - 27-Dec-14

280 Chittagong Asian Apparels Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 15-Sep-14

281 Chittagong Asian Paper Mills (Pvt.) Ltd. Paper Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-14

282 Chittagong Electric Manfg. Co. Ltd. Electrical & Electronics Surveillance BB2 BB2(Lr) ST-4 Stable 18-May-14

283 Chittagong Marine & Machinery Trading Surveillance - BB2(Lr) ST-3 - 14-Dec-14

284 Chittagong Padding Mills Ltd. Textile Surveillance BB2 BB2(Lr) ST-4 Stable 30-Nov-14

285 Chittagong Udaion Corporation Ltd. Construction Surveillance - - ST-4 - 25-Nov-14

286 Chittagong Waste Treatment Plants Ltd. Miscellaneous Surveillance BBB3 BBB3(Lr) ST-4 Negative 30-Nov-14

287 City Dal Mills Ltd. Food & Allied Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

288 City Feed Products Ltd. Feed Mill Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

289 City Navigations Ltd. Miscellaneous Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

290 City Seed Crushing Industries Ltd. Agro Inputs Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

291 City Sugar Industries Ltd. Sugar Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

292 City Traders Trading Initial Rating - BBB3(Lr) ST-3 - 6-Nov-14

293 Clamoon Garments Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jul-14

294 Classic Fabrics Textile Surveillance - BB1(Lr) ST-4 - 14-Nov-14

295 Combined Food & Cold Storage Ltd. Cold Storage Initial Rating - A2(Lr) ST-3 - 30-Jun-14

296 Comfit Composite Knit Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-14


7




297 Compustar (Pvt) Ltd. Trading Initial Rating BBB3 - ST-4 Stable 4-Feb-15

298 Confidence Power Ltd. Construction Initial Rating A3 A3(Lr) ST-3 Stable 30-Jun-14

299 Confidence Trade Ltd. Trading Surveillance - BBB1(Lr) ST-3 - 30-Sep-14

300 Consolidated Trading & Manu. Co. (Pvt) Ltd. Trading Initial Rating - - ST-1 - 12-Apr-14

301 Continental Garments Industries (Pvt.) Ltd. Textile Initial Rating A3 A3(Lr) ST-3 Stable 30-Nov-14

302 Corolla Corporation (BD) Ltd. Miscellaneous Surveillance BBB3 BBB3(Lr) ST-3 Stable 14-Dec-14

303 Cosmo Synthetic Ind. Ltd. Textile Surveillance - BB1(Lr) ST-4 - 26-Oct-14

304 Cosmopolitan Industries Pvt. Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

305 Cosmos Enterprise Trading Surveillance - BB2(Lr) ST-4 - 15-Nov-14

306 CP Bangladesh Co. Ltd. Miscellaneous Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

307 Crazy Fashions Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 18-Apr-14

308 Creative Sweater Pvt. Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

309 Cresent Rice Mills Ltd. Rice Mill Initial Rating B1(Pr) - - - 27-Jun-14

310 Crossline Factory (Pvt.) Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Apr-14

311 Crossline Knit Fabrics Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Apr-14

312 Crown Fashion & Sweater Ind. Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-14

313 Crown Knitwear Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-1, ST-3 Stable 30-Jun-14

314 Crown Metal Merchandising Trading Surveillance - BB1(Lr) ST-3 - 21-Jul-14

315 Crown Wool Wear Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-14

316 Crymson Glory Trading Surveillance - BBB3(Lr) ST-3 - 17-Sep-14

317 Crystal Steel & Ship Breaking Ltd. Shipbreaking Surveillance - - ST-5 - 12-Sep-14

318 Cutting Edge Garments Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 29-Dec-14

319 D S Fashion Ltd. Textile Surveillance - BBB3(Lr) ST-3 - 14-Dec-14

320 Dada Steel Mills Ltd. Steel Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-14

321 Daeyu Bangladesh Ltd. Textile Initial Rating BB3 BB3(Lr) ST-4 Stable 5-Jun-14

322 DAF Accessories Ltd. RMG Accessories Surveillance A3 A3(Lr) ST-3 Stable 5-Dec-14

323 DAF Ctg. Accessories Ltd. RMG Accessories Surveillance A3 A3(Lr) ST-3 Stable 5-Dec-14

324 DAL Knitwear Ltd. Textile Surveillance - BBB1(Lr) ST-3 - 30-Jun-14

325 Dallas Filling Station Filling Station Surveillance - BB1(Lr) - - 10-Jul-14

326 Danish Condensed Milk Bangladesh Ltd. Food & Allied Surveillance - AA2(Lr) ST-2 - 14-Dec-14

327 Danish Foods Limited Food & Allied Surveillance - BBB1(Lr) ST-3 - 11-Jul-14

328 Decent Pharma Laboratories Pharmaceutical Initial Rating - B1(Lr) ST-5 - 30-Jul-14

329 Deepa Food Products Ltd. Food & Allied Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

330 Deepshikha International Printing & Packaging Surveillance - BBB3(Lr) ST-3 - 15-Dec-14

331 Dekko Knitwears Ltd. Textile Surveillance A2 A2(Lr) ST-3 Positive 30-Jun-14

332 Delhi Aluminum Factory Ltd. Aluminum Surveillance A3 A3(Lr) ST-3 Stable 30-Dec-14

333 Deluxe Hardware Trading Initial Rating - BB1(Lr) - - 15-Dec-14

334 Deluxe Traders Trading Surveillance - - ST-4 - 29-Jun-14

335 Denim Expert Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 15-Dec-14

336 Desh Cold Storage (Pvt.) Ltd. Cold Storage Surveillance - BB2(Lr) - - 30-Dec-14

337 Desh Cotton Mills Textile Initial Rating - BB1(Lr) ST-3 - 28-Aug-14

338 Devine Design Ltd. Textile Initial Rating BBB1 BBB1(Lr) ST-3 Stable 29-Sep-14

339 Dewan CNG Station Filling Station Initial Rating - BBB3(Lr) - - 30-Oct-14


8




340 Dhaka Pet Enterprise Trading Surveillance - - ST-3 - 29-Jun-14

341 Dhaka Trading House Trading Surveillance - D(Lr) ST-6 - 18-Jul-14

342 Dhrubo Construction Contractor Initial Rating - - ST-1, ST-3 - 1-Dec-14

343 Digilab Medical Service Ltd. Healthcare Initial Rating BB2 BB2(Lr) - Stable 1-Dec-14

344 Digital Power and Associates Ltd. Fuel & Power Surveillance A2(Pr) - - - 31-Jul-14

345 Dip Knitwear Ltd. Textile Initial Rating - BB1(Lr) ST-4 - 6-Nov-14

346 Dody Trims Ltd. RMG Accessories Surveillance BB3 BB3(Lr) ST-4 Stable 31-May-14

347 Doreen Power Generations & Sys. Ltd. Fuel & Power Surveillance AA2 AA2(Lr) ST-1 Stable 21-Dec-14

348 Doreen Power House & Technologies Ltd. Fuel & Power Surveillance AA2 AA2(Lr) ST-1 Stable 30-Dec-14

349 Dost Traders Trading Initial Rating - BBB3(Lr) - - 19-Mar-15

350 Doud Corporation Trading Initial Rating - BB1(Lr) - - 30-Oct-14

351 Dragoni Fashions Ltd. Textile Initial Rating - - ST-4 - 28-Jan-15

352 Dream Integrated Agro Complex Ltd. Agro Inputs Initial Rating - - ST-3 - 17-Dec-14

353 Dresden Textile Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

354 Dress Shirts Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

355 Dui Bhai Weaving Factory Rice Mill Initial Rating - BBB3(Lr) - - 10-May-14

356 Dui Vai Auto Rice Mill Rice Mill Initial Rating - BB2(Lr) - - 30-Oct-14

357 Dulal Miah Trading Surveillance - - ST-3 - 30-Jun-14

358 Dulal Shikder Trading Surveillance - - ST-3 - 20-Jun-14

359 Dysin-Chem Limited Chemical Surveillance BBB3 - ST-3 Stable 7-Nov-14

360 E B Solutions Ltd. Miscellaneous Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

361 Earth Footwear Ltd. Footwear Surveillance BB1 BB1(Lr) ST-4 Negative 28-Dec-14

362 East Asia Maritime Shipbreaking Surveillance - BBB3(Lr) ST-3 - 27-Dec-14

363 East West Fashion Garments Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

364 Eastern Medical College & Hospital Ltd. Healthcare Surveillance BBB3 BBB3(Lr) ST-3 Stable 12-Aug-14

365 ECPV Chittagong Ltd. Fuel & Power Surveillance A2(Pr) - - Negative 2-Jun-14

366 Ekushey Crusing Plant Trading Initial Rating - BB3(Lr) - - 15-Dec-14

367 Electrical & Electronics Company Ltd. Electrical & Electronics Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Nov-14

368 Electro Battery Company Ltd. Engineering Surveillance BBB1 - ST-3 Negative 31-Dec-14

369 Electro Mart Ltd. Trading Surveillance - BBB3(Lr) ST-4 - 30-Nov-14

370 Electro Mechanical Service Ltd. Services Surveillance A3 - ST-3 Negative 31-Dec-14

371 Electro Solar Power Ltd. Engineering Surveillance BBB1 - ST-3 Negative 31-Dec-14

372 EM Power Ltd. Engineering Surveillance A3 - ST-3 Negative 31-Dec-14

373 Emdad Banijjaloy Trading Surveillance - BB3(Lr) - - 28-Aug-14

374 Enayetpur Rice Mill Rice Mill Initial Rating BB2 - ST-4 - 12-Mar-15

375 Enayetpur Spinning Mills Ltd. Textile Surveillance BB1 - ST-4 Stable 31-Dec-14

376 Energis Power Corporation Ltd. Fuel & Power Initial Rating BBB3 BBB3(Lr) - Stable 31-Mar-14

377 Energy Meter Company Ltd. Engineering Surveillance A3 A3(Lr) ST-3 Negative 30-Jun-14

378 Envoy Textiles Ltd. Textile Surveillance AA2 AA2(Lr) ST-2 Stable 30-Sep-14

379 Epcot Apparels Ltd. Textile Surveillance - BBB3(Lr) ST-3 - 30-Jun-14

380 Epic Garments & Manufacturing Co. Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

381 Epyllion Fabrics Ltd. Textile Surveillance A2 A2(Lr) ST-3 Positive 30-Jun-14

382 Epyllion Knitex Ltd. Textile Surveillance A2 A2(Lr) ST-3 Positive 31-Dec-14


9




383 Epyllion Knitwears Ltd. Textile Surveillance A2 A2(Lr) ST-3 Positive 31-Dec-14

384 Epyllion Limited Textile Surveillance A3 A3(Lr) ST-3 Positive 31-Dec-14

385 Epyllion Style Ltd. Textile Initial Rating A2 A2(Lr) ST-3 Positive 31-Dec-14

386 Ershad Brothers Corporation Construction Surveillance - A3(Lr) ST-3 - 30-Jun-14

387 Ershad Builders Ltd. (Ershad & Sons) Real Estate Surveillance - A3(Lr) ST-3 - 30-Jun-14

388 Esack Brothers Industries Ltd. Miscellaneous Surveillance BBB2 BBB2(Lr) ST-4 Stable 30-Apr-14

389 Esquire Accessories Ltd. RMG Accessories Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

390 Esquire Dyeing Industries Ltd. Dyeing & Printing Surveillance AA2 AA2(Lr) ST-2 Stable 30-Jun-14

391 Esquire Electronics Ltd. Electrical & Electronics Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

392 Esquire Knit Composite Ltd. Textile Surveillance A2 A2(Lr) ST-2 Stable 30-Jun-14

393 Estia Enterprise Trading Initial Rating - BB1(Lr) ST-4 - 18-Feb-15

394 Etasia Interlinings Ltd. Textile Initial Rating BBB1 - ST-3 Positive 12-Mar-15

395 Etco Car Centre Trading Initial Rating - - ST-4 - 28-Sep-14

396 Ethical Garments Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 4-Sep-14

397 Euro Bangla Ceramics Ltd. Ceramic Surveillance BB3(Pr) - - - 2-Jun-14

398 Euro Label Ltd. RMG Accessories Surveillance BBB3 - ST-3 Stable 30-Dec-14

399 Europa Cold Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

400 Eurozone Fashion Ltd. Textile Surveillance BBB3 - ST-3 Stable 31-Dec-14

401 Everest Sweaters Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 13-Jun-14

402 Excel Telecom Pvt Ltd. Trading Surveillance BBB1 BBB1(Lr) ST-4 Stable 26-Apr-14

403 Export Pack Ltd. Textile Surveillance B1 B1(Lr) ST-5 Negative 30-Jun-14

404 F A C Eastern Enterprise Ltd. Trading Surveillance - - ST-1 - 18-May-14

405 F A C Holdings Ltd. Real Estate Initial Rating BB2 - - Stable 18-May-14

406 F K Steel Corporation Trading Surveillance - - ST-6 - 30-Jun-14

407 F Rahman Tea Co. Ltd. Tea Surveillance BBB3 - - Stable 30-Dec-14

408 Fab-Con Textile Mills Ltd. Textile Initial Rating - A2(Lr) ST-3 - 27-Dec-14

409 Fabian Industries Ltd. Textile Surveillance A3 - ST-3 Stable 18-Mar-15

410 Fabian Thread Ltd. RMG Accessories Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Dec-14

411 Fabitex Industries Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 24-Jul-14

412 Fahim Traders Trading Surveillance - - ST-3 - 30-Jun-14

413 Fair Apparels Ltd. Textile Initial Rating - BBB2(Lr) ST-3 - 23-Sep-14

414 Faisal Enterprise Trading Initial Rating - BB1(Lr) - - 23-Sep-14

415 Fakir Fashion Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

416 Fakir Flour & Daul Mill Food & Allied Surveillance - BB1(Lr) ST-3 - 14-Nov-14

417 Fame Design Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

418 Farid Ahmed Trading Surveillance - - ST-3 - 25-Jul-14

419 Farid Uddin & Sons Trading Surveillance - BB2(Lr) ST-4 - 2-Dec-14

420 Fariha Spinning Mills Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-4 Stable 29-Jun-14

421 Farzana Oil Refineries Ltd. Food & Allied Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

422 Fashion Flash Ltd. Textile Initial Rating BBB1 BBB1(Lr) ST-1, ST-3 Stable 1-Dec-14

423 Fashion Makers Textile Initial Rating - BBB3(Lr) - - 30-Jun-14

424 Fashion Plastic & Packaging Ltd. Plastics Surveillance AA1 AA1(Lr) ST-1 Stable 30-Dec-14

425 Fashion Skirt & Trousers Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14


10




426 Fashion Suit & Trousers Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

427 Fashion Trousers Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

428 Fast Corporation (Pvt.) Ltd. Trading Initial Rating - BB2(Lr) ST-4 - 25-Mar-15

429 Fatema Enterprise Trading Surveillance - BB3(Lr) - - 30-Jun-14

430 Fatema Traders Trading Surveillance - - ST-3 - 30-Sep-14

431 Ferdaous Steel Corporation Shipbreaking Initial Rating - - ST-4 - 1-Dec-14

432 Ferdaus Jute Mills Ltd. Jute Surveillance BBB3 BBB3(Lr) ST-3 Stable 15-May-14

433 Fiat Fashion Ltd. Textile Surveillance BB1 BB1(Lr) ST-3 Stable 15-Dec-14

434 Fiber@Home Ltd. ICT Initial Rating A3 A3(Lr) ST-3 Stable 14-Jan-15

435 Five Star Ice & Clod Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

436 Fiza & Co. Trading Surveillance - BBB3(Lr) - - 29-Sep-14

437 Flora Limited ICT Initial Rating A3 A3(Lr) ST-3 Stable 30-Dec-14

438 Florence Fashions Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 8-Jan-15

439 FMC Group (Bangladesh) Ltd. Textile Surveillance BBB1 - - Stable 15-Dec-14

440 FN Fan Industries Ltd. Electrical & Electronics Initial Rating B1 B1(Lr) ST-5 Stable 26-Jun-14

441 Fortune Apparels Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Dec-14

442 Four H Dyeing & Printing Ltd. Dyeing & Printing Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Mar-14

443 Four H Fashion Ltd. Textile Surveillance A1 A1(Lr) ST-2 Stable 30-Jun-14

444 Fresco Steel Mills Ltd. Steel Initial Rating - BB3(Lr) ST-4 - 29-Dec-14

445 Friends & Friends Apparels (Pvt) Ltd. Textile Initial Rating - BB2(Lr) ST-4 - 11-Sep-14

446 Friends Multi Trade Company Trading Surveillance - A3(Lr) ST-3 - 15-Dec-14

447 Fu-Wang Ceramic Industry Ltd. Ceramic Surveillance BBB2 BBB2(Lr) ST-3 Stable 2-Dec-14

448 G M Trading Trading Surveillance - BB1(Lr) ST-4 - 30-Jun-14

449 G M Trading (Ctg.) Trading Initial Rating - BB1(Lr) ST-4 - 30-Jul-14

450 G R Traders Trading Surveillance - A3(Lr) - - 30-Dec-14

451 Galco Steel (Bangladesh) Ltd. Steel Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Dec-14

452 Gallant Fashion Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-14

453 Gani Flour Mills & Industries Food & Allied Surveillance - - ST-4 - 29-Sep-14

454 Garib-E-Newaz Clod Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

455 Garland Fashions Ltd. Textile Initial Rating BB1 BB1(Lr) ST-3 Stable 15-Apr-14

456 Gateway Real Estate Development Real Estate Initial Rating - BB1(Lr) - - 30-Nov-14

457 Gazi Enterprise Trading Initial Rating - BB2(Lr) ST-4 - 4-Feb-15

458 Gazi Trading Trading Review - - ST-1, ST-4 - 29-Jun-14

459 General Computer Embroidery Ltd. RMG Accessories Surveillance - BB3(Lr) ST-4 - 30-Jun-14

460 General Trading Company Trading Initial Rating - BBB3(Lr) ST-4 - 30-Dec-14

461 Genetic Limited Real Estate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Nov-14

462 GETCO Agro Vision Ltd. Agro Inputs Surveillance - - ST-3 - 30-Dec-14

463 GETCO Limited Contractor Surveillance - - ST-3 - 30-Dec-14

464 Ghatail Green Tech Bricks Ltd. Brick Initial Rating BB3(Pr) - - - 2-Apr-14

465 Ghulam Mortaza Biswas Trading Surveillance - - ST-5 - 5-Dec-14

466 Giant Textiles Ltd. Textile Surveillance BBB3 - ST-4 Stable 22-Oct-14

467 Glasstech Ltd. Textile Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

468 Global Brand (Pvt) Ltd. ICT Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-14


11




469 Global Garments Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

470 Global Knitwear Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

471 Global Shirts Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

472 Global Specialized Garments Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

473 Global Trousers Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 19-Sep-14

474 Globe Agrovet Ltd. Miscellaneous Initial Rating BBB3 BBB3(Lr) ST-3 Stable 11-Dec-14

475 Globe Biscuits & Dairy Milk Ltd. Food & Allied Surveillance A3 A3(Lr) ST-3 Stable 17-Oct-14

476 Globe Drugs Ltd. Pharmaceutical Surveillance A3 A3(Lr) ST-3 Stable 17-Oct-14

477 Globe Engineering Works Construction Initial Rating - B1(Lr) - - 29-Jun-14

478 Globe Foundrical Works Construction Initial Rating - B1(Lr) - - 29-Jun-14

479 Globe Pharmaceuticals Ltd. Pharmaceutical Surveillance A2 A2(Lr) ST-3 Stable 17-Oct-14

480 Globe Soft Drinks Ltd. Food & Allied Surveillance AA3 AA3(Lr) ST-2 Stable 17-Oct-14

481 Globe Textile Textile Initial Rating - B1(Lr) - - 29-Jun-14

482 Globex Marketing Company Ltd. Miscellaneous Surveillance A3 A3(Lr) ST-1, ST-3 Stable 30-Sep-14

483 GM Textile Dyeing & Printing Mills Ltd. Dyeing & Printing Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-May-14

484 Gobindaganj Cold Storage Ltd. Cold Storage Surveillance - BB1(Lr) - - 30-Dec-14

485 GokalDas Images (BD) Pvt. Ltd. Textile Surveillance - - ST-4 - 15-Dec-14

486 Gold Mart Apparels (Pvt.) Ltd. Textile Surveillance BB1 BB1(Lr) ST-1, ST-3 Stable 15-Dec-14

487 Gold Star Garments Ltd. Textile Surveillance BBB3 - ST-3 Stable 18-Feb-15

488 Golden Containers Ltd. Container Surveillance BB3 BB1(Lr) ST-1 Stable 5-Dec-14

489 Golden Food Processing Industry Food & Allied Surveillance - BBB3(Lr) - - 30-Jun-14

490 Golden Son Ltd. Miscellaneous Surveillance AA3 AA3(Lr) ST-2 Positive 30-Jun-14

491 Golden Traders Trading Surveillance - BBB3(Lr) ST-4 - 28-Sep-14

492 Good Luck Flour Mills Food & Allied Initial Rating - BBB3(Lr) - - 15-Dec-14

493 Good Rich Sweaters Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

494 Gopal Krishna Banik Trading Initial Rating - BB1(Lr) - - 4-Sep-14

495 Goribay Nawaj Enterprise Trading Surveillance - BB3(Lr) - - 20-May-14

496 Gothic Design Ltd. Textile Surveillance AA1 AA1(Lr) ST-1 Stable 30-Dec-14

497 Gous Garments Industries Ltd. Textile Initial Rating - B1(Lr) ST-4 - 15-Dec-14

498 GPH Ispat Ltd. Steel Surveillance AA2 AA2(Lr) ST-2 Stable 28-Aug-14

499 GQ Ball Pen Industries Ltd. Miscellaneous Surveillance A1 A1(Lr) ST-2 Stable 30-Jun-14

500 Grace Accessories Ltd. RMG Accessories Surveillance BB1 BB1(Lr) ST-3 Stable 1-Aug-14

501 Grace Builders Ltd. Real Estate Initial Rating - BB2(Lr) - - 31-Mar-15

502 Grace Packaging Ltd. Printing & Packaging Surveillance BB1 BB1(Lr) ST-4 Negative 30-Jun-14

503 Gram Bangla Tubes Ltd. Plastics Surveillance BBB3 BBB3(Lr) ST-4 Stable 6-Jun-14

504 Grambangla Poultry & Fish Feed Ltd. Feed Mill Initial Rating - BB1(Lr) ST-3 - 12-Apr-15

505 Grameenphone Ltd. Telecommunication Surveillance AAA AAA(Lr) ST-1 Stable 31-Dec-14

506 Graphics Ltd. Textile Initial Rating - - ST-3 - 11-Dec-14

507 Graphics Textiles Ltd. Textile Surveillance BB1 - ST-3 Stable 27-Mar-15

508 Great Wall Ceramics Industries Ltd. Ceramic Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-14

509 Green Granite & Marble Ltd. Trading Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-15

510 Green Paradise Enterprise Trading Initial Rating - BB3(Lr) - - 19-Sep-14

511 Green Power Electrical & Electronics Electrical & Electronics Surveillance BB1 BB1(Lr) ST-4 Stable 31-May-14


12




512 Green Power Transformer Company Electrical & Electronics Surveillance BB1 BB1(Lr) ST-4 Stable 31-May-14

513 Green View Filling Station Filling Station Initial Rating - BBB3(Lr) - - 17-Dec-14

514 Gulf Knitting & Textile Ltd. Textile Initial Rating - BB2(Lr) ST-4 - 30-Dec-14

515 Gulf Oil Bangladesh Ltd. Lubricant Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Sep-14

516 Gulf Travels Miscellaneous Initial Rating - BB3(Lr) - - 10-May-14

517 Gunjan Engineering Works Ltd. Engineering Initial Rating BB3 BB3(Lr) - - 20-Nov-14

518 Gunjan Metal Works Ltd. Engineering Initial Rating BB3 BB3(Lr) - - 20-Nov-14

519 H & H Digital Equipment Trading Initial Rating - - ST-4 - 4-Sep-14

520 H K Steel Ltd. Steel Surveillance BBB2 BBB2(Lr) ST-3 Stable 14-Dec-14

521 H R Enterprise Trading Surveillance - - ST-4 - 15-Dec-14

522 H R Re-Rolling Mills Ltd. Steel Initial Rating - BB1(Lr) ST-4 - 18-Feb-15

523 H&W Apparels Ltd. Textile Surveillance BB2 BB2(Lr) ST-4 Stable 4-Jul-14

524 Ha Mim Footwear Ltd. Footwear Initial Rating B1 B1(Lr) ST-4 Stable 30-Jun-14

525 Habib Aggregate Industry Miscellaneous Initial Rating CRAB-SE 3 - - - 31-Mar-15

526 Habib Clinic & Diagnostic Centre Healthcare Initial Rating - BB2(Lr) ST-3 - 26-Jun-14

527 Habib Enterprise Trading Surveillance - - ST-4 - 30-Oct-14

528 Hafiz Chaul Kal Rice Mill Surveillance - BB2(Lr) - - 14-Dec-14

529 Haji Dana Miah and Sons Trading Surveillance - BB1(Lr) ST-3 - 20-Jun-14

530 Haji Kabir Ahmed Trading Surveillance - - ST-3 - 13-Dec-14

531 Haji Md Turon Miah Trading Initial Rating - BB1(Lr) - - 30-Mar-15

532 Haji Nurul Islam Auto Rice Mills Rice Mill Initial Rating - BB1(Lr) - - 29-Sep-14

533 Hakim Foods (Pvt.) Ltd. Food & Allied Initial Rating - BB3(Lr) - - 2-Jun-14

534 Hakim Jute Mill Jute Initial Rating - BB2(Lr) - - 1-Dec-14

535 Halda Accessories Ind. Ltd. RMG Accessories Initial Rating BB2 BB2(Lr) ST-4 Stable 30-Jun-14

536 Halda Enterprise Ltd. Trading Initial Rating BB2 BB2(Lr) ST-4 Stable 11-Dec-14

537 Hamdard Laboratories (WAQF) Bangladesh Pharmaceutical Surveillance A1 A1(Lr) ST-3 Stable 15-Dec-14

538 Ha-Meem Denim Mills Ltd. Textile Surveillance AA2 AA2(Lr) ST-2 Stable 30-Sep-14

539 Hamid Fabrics Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 30-Dec-14

540 Hamid Hardware Store Trading Initial Rating - BB1(Lr) - - 30-Mar-15

541 Hamid Weaving Ltd. Textile Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-14

542 Hamida Plastic Ltd. Plastics Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

543 Hanifi Auto Board Mills Ltd. Paper Initial Rating - BBB3(Lr) ST-3 - 27-Sep-14

544 Hannan CNG Station Filling Station Initial Rating - BB3(Lr) ST-4 - 19-Mar-15

545 Haque & Co. (Dry Cell) Ltd. Engineering Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-14

546 Haque & Company Ltd. FMCG Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Sep-14

547 Haque Brothers (Carbide) Ltd. Engineering Surveillance BBB3 BBB3(Lr) ST-4 Stable 29-Dec-14

548 Haque Brothers (Industries) Ltd. Food & Allied Surveillance A2 A3(Lr) ST-3 Stable 18-May-14

549 Haque Chemicals Enterprise Chemical Initial Rating - BB3(Lr) - - 15-May-14

550 Haque Enterprise Trading Surveillance - - ST-3 - 26-Jun-14

551 Haque Oil and Flour Mill Food & Allied Surveillance - BB2(Lr) ST-3 - 19-May-14

552 Haque Traders Trading Initial Rating - - ST-3 - 31-May-14

553 Haroon Engineering Ltd. Engineering Surveillance - BB1(Lr) ST-3 - 27-Jun-14

554 Harrods Knit Wear Ltd. Textile Surveillance - - ST-3 - 29-Jun-14


13




555 Harun Flour Mills Ltd. Food & Allied Surveillance - BB2(Lr) - - 2-Apr-15

556 Hasan Book Depot Trading Surveillance - BBB3(Lr) ST-3 - 14-Nov-14

557 Hasan Flour Mills Ltd. Food & Allied Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

558 Hasan Pulp & Paper Mills Ltd. Paper Initial Rating BB3(Pr) - - - 17-May-14

559 Hasan Trade Trading Initial Rating - BBB3(Lr) ST-3 - 28-Sep-14

560 Hasanjan Hardware Store Trading Initial Rating - BBB3(Lr) - - 30-Nov-14

561 Hasib Electric Trading Surveillance - - ST-3 - 30-Jun-14

562 Hasmotullah Knitwear Ltd. Textile Surveillance BB3 BB3(Lr) ST-4 Stable 28-Aug-14

563 Hassan Brothers Trading Surveillance - - ST-3 - 14-Nov-14

564 Hazi Amir Hossain Mollah Trading Initial Rating - BB2(Lr) - - 14-Nov-14

565 Hazi Rice Mill Rice Mill Initial Rating - BB3(Lr) - - 20-Nov-14

566 Hedayet & Brothers Trading Surveillance - BBB3(Lr) ST-3 - 11-Dec-14

567 Helal Electric Co. Trading Surveillance - BBB3(Lr) ST-3 - 12-Mar-15

568 Heritage Polymer & Lami Tubes Ltd. Polymer Initial Rating BBB3 - ST-3 Stable 19-Mar-15

569 Hi-Fashion Composite Textiles Ltd. Textile Initial Rating BB2 - ST-4 Stable 30-Mar-15

570 Himalaya Ltd. Trading Surveillance BB2 BB2(Lr) ST-4 Stable 31-Mar-15

571 Homeland Chemical Industries Ltd. Chemical Initial Rating - BBB3(Lr) - - 1-Dec-14

572 Horizon Fashion Wear Ltd. Textile Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

573 Hossain Ahmed Contractor Initial Rating - BB2(Lr) - - 11-Dec-14

574 Hossain Electronics Trading Initial Rating - BB2(Lr) - - 28-Aug-14

575 Hossain International Trading Surveillance - BBB2(Lr) ST-3 - 22-Jan-15

576 Hossain Traders Trading Initial Rating - - ST-4 - 4-Sep-14

577 Hotel Sea Palace Ltd. Tourism & Hospitality Surveillance A3 - - Stable 17-Dec-14

578 Hotel Sea Place Ltd. Tourism & Hospitality Initial Rating A3 A3(Lr) - Stable 17-Dec-14

579 HS Enterprise Ltd. Trading Surveillance - BBB1(Lr) ST-3 - 29-Dec-14

580 HTMS Packaging Ind. Ltd. Packaging Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

581 Hydroxide Knitwear Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Mar-14

582 Ibn Sina Trust Healthcare Surveillance A2 A2(Lr) ST-3 Stable 13-Aug-14

583 Idris & Company (Pvt.) Ltd. Rice Mill Surveillance BB3 BB3(Lr) - Stable 29-Dec-14

584 IFAD Autos Ltd. Automotive Surveillance A1 A1(Lr) ST-3 Stable 30-Dec-14

585 Imperial Embroidery Ltd. RMG Accessories Surveillance BB2 BB2(Lr) ST-4 Stable 29-Jun-14

586 Imperial Poly Products Ltd. Polymer Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-14

587 Impex Trade International Trading Initial Rating - BB1(Lr) ST-3 - 30-Apr-14

588 Imroz Traders Trading Initial Rating - BBB3(Lr) - - 30-Nov-14

589 Index Housing Ltd. Real Estate Initial Rating BB3 BB3(Lr) - Stable 30-Oct-14

590 Innstyle Fashion Ltd. Textile Surveillance - BB2(Lr) ST-4 - 30-Nov-14

591 INTEFA Trading Surveillance - - ST-3 - 30-Jun-14

592 Integrated Security Services Ltd. Services Initial Rating - BBB3(Lr) ST-3 - 25-Mar-15

593 Interfab Shirt Manufacturing Ltd. Textile Surveillance AA1 AA1(Lr) ST-1 Stable 30-Dec-14

594 International Shirt Line Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 21-Nov-14

595 International Trading Services Ltd. Trading Surveillance BBB1 BBB1(Lr) ST-3 Stable 23-May-14

596 Intimates Elastic Industries Ltd. Miscellaneous Initial Rating BBB2 - ST-3 Stable 30-Mar-15

597 Iqbal Kalim Trading Initial Rating - BB3(Lr) ST-4 - 30-Jul-14


14




598 IRIS Fabrics Ltd. Textile Surveillance BB3 BB3(Lr) ST-3 Stable 29-Jun-14

599 Islam Brothers & Co. Trading Surveillance - - ST-3 - 29-Sep-14

600 Islam Pack & Accessories Ltd. RMG Accessories Initial Rating BBB1 BBB1(Lr) ST-3 Stable 30-Sep-14

601 Islamia Filament Industries Trading Surveillance - - ST-3 - 30-Jun-14

602 Ispahani Foods Ltd. Food & Allied Surveillance BBB3 BBB3(Lr) ST-4 Stable 15-Dec-14

603 J & J Fabrics and Textile Ltd. Textile Surveillance - B1(Lr) ST-5 - 20-Jun-14

604 J A Traders Trading Initial Rating - BB3(Lr) ST-4 - 27-Dec-14

605 J B Cylinder Ltd. Miscellaneous Surveillance BBB1 BBB1(Lr) ST-3 Stable 7-Nov-14

606 J B Oil Mills Food & Allied Initial Rating - BB1(Lr) - - 30-Dec-14

607 J B Refinery Ltd. Miscellaneous Surveillance BB3 BB3(Lr) ST-4 Stable 2-Jun-14

608 J K International Trading Surveillance - - ST-4 - 30-Jun-14

609 J K Shirt & Fabrics Ltd. Textile Surveillance - - ST-4 - 18-May-14

610 J K Steel Trading Initial Rating - BB1(Lr) - - 15-Mar-15

611 J M Steel Trading Surveillance - BB1(Lr) - - 30-Jun-14

612 J N Industries Ltd. Rice Mill Initial Rating - BBB2(Lr) ST-3 - 10-May-14

613 Jahangir & Others Ltd. Trading Surveillance BBB1 BBB1(Lr) ST-3 Stable 6-Dec-14

614 Jalal & Sons Trading Initial Rating - BB3(Lr) ST-4 - 14-Dec-14

615 Jalal Ahmed Spinning Mills Ltd. Textile Surveillance BBB1 A3(Lr) ST-3 Stable 31-Dec-14

616 Jalalabad Ragib Rabeya Medical College Healthcare Surveillance A1 A1(Lr) ST-3 Stable 15-Dec-14

617 Jamal Enterprise Trading Initial Rating - BB1(Lr) - - 10-May-14

618 Jamal Enterprise (Ctg.) Trading Initial Rating - BBB3(Lr) - - 28-Jan-15

619 Jamuna Auto Rice Mill (Naogaon) Rice Mill Surveillance - BB1(Lr) ST-3 - 10-Oct-14

620 Jamuna Automatic Rice Mill (Dinajpur) Rice Mill Surveillance - BB1(Lr) - - 20-Jun-14

621 Jamuna Jute Industries Ltd. Jute Surveillance - BB2(Lr) ST-4 - 5-Dec-14

622 Jamuna Seeds Storage (Pvt.) Ltd. Agro Inputs Surveillance - BB2(Lr) - - 21-Dec-14

623 Jamuna Trade Syndicate Trading Initial Rating - BB1(Lr) - - 18-Feb-15

624 Janata Machineries Trading Surveillance - BB1(Lr) ST-3 - 31-Oct-14

625 Janata Steel & Iron House Trading Initial Rating - - ST-3 - 29-May-14

626 Jannat Flour Mills Food & Allied Surveillance - - ST-3 - 30-Jun-14

627 Jannath Medico Trading Initial Rating - BBB1(Lr) - - 31-May-14

628 Jans Elastica Ltd. RMG Accessories Initial Rating BB1 BB1(Lr) ST-4 Stable 1-Dec-14

629 Japan Solartech (Bangladesh) Ltd. Engineering Initial Rating - BBB3(Lr) ST-3 - 19-Mar-15

630 Jashim & Brothers Trading Surveillance - - ST-3 - 13-Dec-14

631 Jayson Pharmaceuticals Ltd. Pharmaceutical Initial Rating BB1 BB1(Lr) ST-4 Stable 5-Jun-14

632 Jharna Enterprise Trading Surveillance - B1(Lr) - - 6-Nov-14

633 Jharna Fish Feed Ltd. Trading Initial Rating - BBB3(Lr) - - 4-Feb-15

634 JMS Garments Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-1, ST-3 Stable 15-Dec-14

635 Joardar Rice Mills Rice Mill Surveillance - - ST-3 - 28-Feb-15

636 Jony Trading Corporation Trading Initial Rating - BBB3(Lr) ST-3 - 12-Apr-15

637 Joty Plastic Company Plastics Surveillance - BBB1(Lr) - - 30-Dec-14

638 Joy Flour Mills Food & Allied Initial Rating - BBB3(Lr) - - 30-Mar-15

639 Joy Jute Mills Jute Initial Rating - BB1(Lr) - - 30-Mar-15

640 Joypara Lungi Textile Initial Rating - BBB3(Lr) ST-3 - 28-Jan-15


15




641 Julfikar Fashion's Ltd. Textile Initial Rating - - ST-4 - 23-Dec-14

642 Jumara Enterprise Trading Initial Rating - BBB2(Lr) - - 15-Dec-14

643 Juvenile Construction Construction Surveillance - - ST-3 - 29-Sep-14

644 Juvenile Trade Int’l Ltd. Trading Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Sep-14

645 K G N Automatic Rice Mill Rice Mill Initial Rating B1(Pr) - - - 27-Jun-14

646 K M Trading Trading Surveillance - - ST-4 - 29-Jun-14

647 K S International Trading Initial Rating - BB1(Lr) ST-3 - 23-Sep-14

648 Kabir Construction Construction Initial Rating - BB1(Lr) ST-3 - 15-Mar-15

649 Kajal Traders Trading Initial Rating - - ST-3 - 12-Jun-14

650 Kallandi Textile Textile Surveillance - BB2(Lr) ST-4 - 30-Jun-14

651 Kamal Iron Mart Trading Initial Rating - BB1(Lr) - - 29-Sep-14

652 Kamal Kanti Sen Trading Initial Rating - BB1(Lr) - - 4-Feb-15

653 Kamal Vegetable Oil Ltd. Food & Allied Surveillance - B1(Lr) ST-5 - 30-Jun-14

654 Kangaroo Foot Wear Inds. Ltd. Footwear Surveillance BBB2 BBB2(Lr) ST-3 Stable 13-Jun-14

655 Karim Spinning Mills Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

656 Karim Textiles Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

657 Karnaphuli Enterprise Trading Initial Rating - B1(Lr) ST-5 - 15-May-14

658 Karnaphuly Filling Station Filling Station Surveillance - BB1(Lr) - - 25-Apr-14

659 Karooni Knit Composite Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Dec-14

660 Karotoa Spinning Mills Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Dec-14

661 Karotoa Tea Associate Trading Initial Rating BBB3 - ST-3 Stable 12-Mar-15

662 Kashipur Boil Salt Washing Factory Miscellaneous Initial Rating - BB2(Lr) - - 30-Mar-15

663 Kazi Arfanur Rahman Contractor Initial Rating - - ST-4 - 17-Dec-14

664 Kazi Md. Shoyeb Trading Surveillance - BBB3(Lr) - - 29-Jun-14

665 Kazipur Fashions Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 18-Apr-14

666 Khalil Traders Trading Initial Rating - - ST-3 - 29-Dec-14

667 Khan & Sons Trading Initial Rating - BB1(Lr) ST-4 - 14-Nov-14

668 Khan & Sons Auto Rice Mill Rice Mill Initial Rating - BB2(Lr) ST-4 - 12-Jun-14

669 Khan Auto Rice Mill Ltd. Rice Mill Surveillance - BB2(Lr) ST-4 - 14-Nov-14

670 Khan Brothers Trading Surveillance - BBB3(Lr) - - 31-May-14

671 Khan Complex Construction Surveillance - BB2(Lr) - - 31-May-14

672 Khaza Moinuddin Chisti Enterprise Trading Initial Rating - BBB3(Lr) - - 10-Oct-14

673 Khoshroz Kitab Mahal Printing Initial Rating - BBB1(Lr) - - 26-Mar-15

674 Khulna Trading Trading Surveillance - BB1(Lr) ST-3 - 29-Sep-14

675 KHWAJA Enterprise (IBBL) Trading Surveillance - - ST-3 - 10-Jul-14

676 Kingwon Jute Traders. Jute Surveillance - - ST-1, ST-3 - 30-Dec-14

677 Knit & Knittex (Pvt) Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

678 Knit Lustre Textile Surveillance - - ST-5 - 30-Dec-14

679 Knit Plus Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 11-Dec-14

680 Knitexpo Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 12-Sep-14

681 Knittex Industries Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

682 Krishan Auto Rice Mill Rice Mill Surveillance - BBB3(Lr) - - 1-Dec-14

683 Krishan Enterprise Trading Surveillance - BBB3(Lr) - - 21-Dec-14


16




684 Kron Sweater Ltd. Textile Surveillance BB1 BB1(Lr) ST-3 Stable 15-Dec-14

685 Kuakata Sea Foods Ltd. Food & Allied Initial Rating BB3(Pr) BB3(Lr) - - 17-Jun-14

686 Kushtia Rice Mill Rice Mill Surveillance - BBB3(Lr) ST-3 - 30-Sep-14

687 Label Tex Ltd. RMG Accessories Surveillance BB2 BB2(Lr) ST-4 Stable 30-Dec-14

688 Lake Shore Service Apart. (Pvt.) Ltd. Tourism & Hospitality Surveillance A3 A3(Lr) ST-3 Stable 23-Sep-14

689 Lantus Holdings Ltd. Real Estate Initial Rating - BB2(Lr) ST-4 - 30-Dec-14

690 Layla Iron Trading Surveillance - BB3(Lr) ST-4 - 15-May-14

691 Legend Holdings Real Estate Surveillance - BB1(Lr) ST-4 - 30-Mar-15

692 Leisure Bangladesh Ltd. Tourism & Hospitality Surveillance BB3(Pr) - - - 14-Jun-14

693 Les Pulls D'Alex Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 30-Jun-14

694 Lighting Zone Trading Initial Rating - BB1(Lr) ST-4 - 28-Sep-14

695 Liz Fashion Industries Ltd. Textile Surveillance A2 A2(Lr) ST-2 Stable 15-Dec-14

696 Liza Garments Textile Surveillance - BB2(Lr) - - 4-Dec-14

697 Lodestar Fashions Ltd. Textile Surveillance - BB1(Lr) ST-4 - 28-Dec-14

698 Lodestar Packaging Ltd. Textile Surveillance - BB1(Lr) - - 28-Dec-14

699 Logistics Management Services Ltd. Services Surveillance AA1 AA1(Lr) ST-1 Stable 30-Dec-14

700 Lolit Mohon Shaha Trading Initial Rating - BBB2(Lr) - - 15-May-14

701 Lotus Corporation Trading Surveillance - BB1(Lr) - - 9-Oct-14

702 Lotus Enterprise Trading Initial Rating - BB1(Lr) ST-4 - 29-Jun-14

703 Lovely Food Industries (Pvt) Ltd. Food & Allied Surveillance - BB1(Lr) - - 30-Jun-14

704 Lub House Ltd. Lubricant Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-14

705 Lucky & Aukhy Traders Trading Initial Rating - BB1(Lr) ST-3 - 19-Mar-15

706 Lucky Star Apparels Ltd. Textile Surveillance - BB2(Lr) ST-4 - 30-Jun-14

707 Lucky Traders Trading Initial Rating - BB2(Lr) - - 30-Dec-14

708 M A Zaher Contractor Initial Rating - BB2(Lr) ST-4 - 20-Nov-14

709 M Ali Textile Textile Initial Rating - BBB2(Lr) - - 1-Dec-14

710 M D Steel Custing Industries Ltd. Engineering Surveillance BBB3 - ST-3 Stable 15-Dec-14

711 M G Trading Co. Trading Initial Rating CRAB-SE 4 - - - 30-Mar-15

712 M I Cement Factory Ltd. Cement Surveillance AA2 AA2(Lr) ST-2 Stable 1-Dec-14

713 M J Construction Construction Initial Rating - B1(Lr) ST-5 - 29-May-14

714 M K Enterprise Trading Surveillance - - ST-3 - 5-Mar-15

715 M M Enterprise Trading Initial Rating - BB1(Lr) ST-4 - 17-Dec-14

716 M M Ispahani Ltd. Miscellaneous Surveillance AA1 - ST-1 Stable 30-Jun-14

717 M N Fishing Ltd. Poultry & Fisheries Surveillance BB1(Pr) BB1(Lr) - - 15-Jun-14

718 M N Huda Construction Ltd. Construction Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jul-14

719 M N Traders Trading Surveillance - BB1(Lr) ST-4 - 3-May-14

720 M R Brothers Trading Initial Rating - A3(Lr) - - 30-Dec-14

721 M R Rice & Flour Mill Rice Mill Initial Rating - - ST-3 - 30-Oct-14

722 M/S Tazul Islam Construction Initial Rating - BB3(Lr) ST-4 - 30-Jul-14

723 Maa Bhandary Rice Mill Rice Mill Surveillance - BBB3(Lr) ST-3 - 30-Nov-14

724 Maa Enterprise Trading Initial Rating - BB1(Lr) - - 15-May-14

725 Madina Cement Ltd. Cement Surveillance A1 A1(Lr) ST-3 Stable 15-May-14

726 Madina Cement Mills Ltd. Cement Initial Rating - A1(Lr) ST-3 - 30-Dec-14


17




727 Madina Oxyzen & Steel Ltd. Steel Surveillance - BBB3(Lr), BB1 (Lr) ST-4 - 31-Mar-14

728 Madina Polymer Industries Ltd. Polymer Surveillance A3 A3(Lr) ST-3 Stable 30-Dec-14

729 MAF Shoes Ltd. Footwear Surveillance BB1 BB1(Lr) ST-4 Stable 6-Jun-14

730 Magnum Marketing Ltd. Trading Surveillance BBB1 - ST-3 Stable 31-Dec-14

731 Magnum Steel Industries Ltd. Steel Surveillance BBB1 BBB1(Lr) ST-3 Positive 30-Jun-14

732 Mahboob Apparels Ltd. Textile Initial Rating BB1 - ST-3 Stable 30-Mar-15

733 Mahbub Brothers Trading Initial Rating - BB1(Lr) - - 11-Sep-14

734 Mahbub Enterprise Trading Initial Rating - BB1(Lr) - - 27-Dec-14

735 Maheen Enterprise Trading Surveillance - BB1(Lr) ST-5 Negative 15-Dec-14

736 Mahek Enterprise Trading Initial Rating - BBB3(Lr) - - 29-Dec-14

737 Mahmud Fish Traders Trading Surveillance - BBB3(Lr) ST-4 - 30-Mar-15

738 Mahmudul Hussain Tufa Trading Initial Rating - BB2(Lr) - - 15-Dec-14

739 Mahmudun Nabi Trading Initial Rating - - ST-4 - 31-May-14

740 Majumder Products Ltd. Rice Mill Initial Rating - BBB1(Lr) ST-3 - 30-Nov-14

741 MAK Corporation Trading Surveillance - - ST-4 - 30-Mar-15

742 Makka Foods & Confectionary Food & Allied Initial Rating - - ST-3 - 30-Jul-14

743 Makka Paper & Board Mills Ltd. Paper Initial Rating - BBB1(Lr) ST-3 - 20-Nov-14

744 Maliha Chaul Kal Rice Mill Initial Rating - - ST-4 - 30-Sep-14

745 Mam Auto Rice Mill Rice Mill Initial Rating - BBB3(Lr) - - 19-Mar-15

746 Mamun Agro Products Ltd. Agro Inputs Initial Rating - BBB3(Lr) ST-4 - 30-Oct-14

747 Mamun Machineries Store Trading Surveillance - - ST-4 - 31-Mar-14

748 Mamun Machinery & Hardware Store Trading Initial Rating - BBB3(Lr) - - 30-Nov-14

749 Mamun PVC Factory Plastics Initial Rating - BB3(Lr) ST-4 - 23-Sep-14

750 Manik Bastralaya Trading Initial Rating - BB1(Lr) - - 29-May-14

751 Maps Steel Corporation Steel Surveillance - - ST-5 - 31-Mar-14

752 Marine Explorer Ltd. Miscellaneous Surveillance - BBB3(Lr) ST-4 - 30-Mar-15

753 Marino Hotel Tourism & Hospitality Initial Rating - - ST-3 - 30-Oct-14

754 Mark Mode Ltd. Textile Initial Rating - - ST-4 - 5-Jun-14

755 Marshal Agrovet Chemical Industries Ltd. Chemical Initial Rating BB3 BB3(Lr) ST-4 Stable 17-Dec-14

756 Mashrifa Food Products Ltd. Food & Allied Initial Rating BB2(Pr) - - - 13-May-14

757 Masihata Sweaters Ltd. Textile Initial Rating A2 A2(Lr) ST-3 Stable 30-Sep-14

758 Maspo Flour Mill Food & Allied Initial Rating - BB3(Lr) - - 6-Nov-14

759 Master & Brothers Trading Initial Rating - BB1(Lr) - - 15-May-14

760 Master Steel Re-Rolling Mills Steel Initial Rating - BB3(Lr) - - 29-Aug-14

761 Masud & Brothers Trading Surveillance - A3(Lr) ST-1, ST-3 - 15-Dec-14

762 Matador Ball Pen Industries Miscellaneous Initial Rating A3 A3(Lr) ST-3 Stable 30-Nov-14

763 Matador Toothbrush Industries Ltd. Miscellaneous Surveillance A3 A3(Lr) ST-3 Stable 27-Dec-14

764 Matex Bangladesh Ltd. Textile Surveillance A1 A1(Lr) ST-2 Stable 31-Dec-14

765 Matexport (Bangladesh) Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 27-Jun-14

766 Matrix Styles Ltd. Textile Surveillance BB2 BB2(Lr) ST-4 Stable 31-May-14

767 Max Automobile Products Ltd. Automotive Surveillance A1 A1(Lr) ST-1, ST-2 Stable 30-Dec-14

768 Mayer Doa Matsho Khamar Poultry & Fisheries Surveillance - BB1(Lr) - - 5-Dec-14

769 Mazidsons Construction Ltd. Construction Initial Rating - BBB3(Lr) ST-3 - 12-Apr-15


18




770 MBM Garments Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 31-Mar-14

771 Md Nizam Uddin (Pvt) Ltd. Trading Initial Rating - - ST-4 - 13-Nov-14

772 Md Rezaul Karim Trading Surveillance - - ST-3 - 14-Dec-14

773 Md Sirajul Islam Trading Surveillance - BB3(Lr) ST-4 - 29-Jun-14

774 Md Zahid Miah Contractor Surveillance - BB3(Lr) ST-4 - 11-Dec-14

775 MEB Industrial Complex Ltd. Food & Allied Initial Rating - BB3(Lr) ST-5 - 30-Dec-14

776 Mecca Multilayer Ltd. Miscellaneous Surveillance BBB1 BBB1(Lr) ST-4 Stable 30-Jun-14

777 Medha Construction & Developers Ltd. Construction Initial Rating - BB1(Lr) - - 28-Jan-15

778 Media Electronics Industries Ltd. Electrical & Electronics Surveillance BB2 BB2(Lr) ST-3 Stable 14-Nov-14

779 Medinova Medical Services Ltd. Healthcare Surveillance - BBB3(Lr) ST-3 - 19-Jun-14

780 Meek Knit Ltd. Textile Surveillance - BB2(Lr) ST-1, ST-3 - 30-Jun-14

781 Meem Food & Consumer Products Trading Initial Rating - BB3(Lr) - - 15-Dec-14

782 Meem Trade International Trading Initial Rating - BB3(Lr) ST-4 - 27-Dec-14

783 Mega Lubricants Bangladesh Lubricant Initial Rating - BB3(Lr) ST-4 - 28-Jan-15

784 Meghna Cement Mills Ltd. Cement Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

785 Meghna Food Industries Food & Allied Surveillance - BB1(Lr) ST-4 - 30-Jun-14

786 Meghna Traders Trading Initial Rating - BBB2(Lr) - - 2-Mar-15

787 Mehnaz Styles & Craft Ltd. Ready Made Garments Initial Rating - - ST-3 - 18-Feb-15

788 Meicoba Industries Ltd. Trading Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

789 Men's Fashion Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

790 Merlin Knitwear Limited Textile Surveillance - - ST-1, ST-3 - 30-Jun-14

791 Mesh Export House (Pvt.) Ltd. Textile Surveillance BBB2 - ST-3 Stable 15-Dec-14

792 Metro Homes Ltd. Real Estate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-May-14

793 Metro Trading Trading Surveillance - - ST-4 - 30-Sep-14

794 Metrocem Cement Ltd. Cement Initial Rating A3 A3(Lr) ST-3 Stable 31-Dec-14

795 MID Asia Fashion Ltd. Textile Surveillance - BB1(Lr) ST-4 - 28-Dec-14

796 Milan Cold Storage Ltd. Cold Storage Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-14

797 Milkco Dairy & Poultry Feeds Ltd. Feed Mill Initial Rating B1(Pr) - - - 18-Aug-14

798 Millennium Trade International Trading Surveillance - - ST-3 - 31-Mar-14

799 Milon Traders Trading Surveillance - BB1(Lr) ST-4 - 30-Dec-14

800 Mirpur Diagnostic Centre Ltd. Healthcare Surveillance - BB1(Lr) - - 30-Jun-14

801 Mirpur Fashion Ltd. Textile Initial Rating - BB3(Lr), B1(Lr) ST-4 - 30-Dec-14

802 Mirza Auto Rice Mills Ltd. Rice Mill Surveillance - BB1(Lr) ST-4 - 26-Dec-14

803 Mirza Woven Bag (Pvt.) Ltd. Packaging Surveillance - BB1(Lr) ST-4 - 26-Dec-14

804 Misham Agro Industries Ltd. Poultry & Fisheries Surveillance BBB2 BBB2(Lr) ST-3 Stable 5-Dec-14

805 Mishuk Textiles Textile Initial Rating - BB3(Lr) - - 19-Mar-15

806 Mitali Stone Pvt. Ltd. Trading Surveillance BB1 BB1(Lr) ST-3 Stable 23-Oct-14

807 Mithela Textile Industry Textile Surveillance - BB2(Lr) ST-3 - 29-Sep-14

808 Mithu Carpets Trading Initial Rating - BBB3(Lr) ST-3 - 23-Dec-14

809 Mitu Fruit International Trading Surveillance - - ST-4 - 21-Dec-14

810 MM Ship Breaking Industries Shipbreaking Surveillance - A3(Lr) ST-1, ST-4 - 30-Jun-14

811 Mobarak & Brothers Trading Initial Rating - BB2(Lr) ST-4 - 12-Mar-15

812 Mobarak Ali Spinning Mills Ltd. Textile Surveillance - B1(Lr) ST-5 - 20-Jun-14


19




813 Modern Poly Industries Ltd. Polymer Initial Rating - - ST-4 - 20-Nov-14

814 Modern Sea Food Ind. Ltd. Food & Allied Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Nov-14

815 Modern Steel Mills Ltd. Steel Surveillance A1 A1(Lr) ST-2 Stable 31-Mar-15

816 Modhuban Bread & Biscuits Ind. (Pvt.) Ltd. Food & Allied Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

817 Modiste (Bangladesh) Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

818 Modiste (CEPZ) Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

819 Modris Ali & Co. Trading Surveillance - - ST-3 - 30-Sep-14

820 Mofa Fish Processing (Pvt) Ltd. Food & Allied Initial Rating BB2 BB2(Lr) ST-4 Stable 31-Mar-14

821 Mofiz Auto Rice Mill Rice Mill Surveillance - - ST-3 - 5-Dec-14

822 Mofizuddin Automatic Rice Mill Rice Mill Initial Rating - BBB3(Lr) - - 2-Mar-15

823 Mohammadi Electric Wires & Multi Products Ltd. Electrical & Electronics Surveillance - BBB3(Lr) ST-1, ST-3 - 19-Mar-15

824 Mohammed Sons Trading Initial Rating - - ST-3 - 5-Jun-14

825 Mohanagar Motors & its Sister Concern Trading Initial Rating - BBB3(Lr) ST-3 - 31-Aug-14

826 Mohara Asian Apparels Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Sep-14

827 Mohona Enterprise Trading Initial Rating CRAB-ME 3 - - - 30-Mar-15

828 Mohsin Tubewell Agency Engineering Surveillance - BB3(Lr) ST-4 - 21-Nov-14

829 Moinuddin Paper Mills Ltd. Paper Initial Rating - BB3(Lr) ST-4 - 21-Jul-14

830 Mokbul Enterprise Trading Initial Rating - BB3(Lr) - - 15-Dec-14

831 Mokka Traders Trading Initial Rating - BBB3(Lr) ST-4 - 29-Sep-14

832 Molla & Sons Trading Surveillance - - ST-3 - 19-Sep-14

833 Molla Trading Corporation Trading Initial Rating - BBB3(Lr) ST-3 - 18-Feb-15

834 Mollah Glass House Trading Initial Rating - BB1(Lr) ST-3 - 30-Dec-14

835 Momin Spinning Mills Textile Surveillance - BBB3(Lr) ST-3 - 31-Mar-15

836 Momin Textile Textile Surveillance - BBB3(Lr) ST-3 - 31-Mar-15

837 Momtaz Hossain Trading Initial Rating - BB1(Lr) - - 29-Sep-14

838 Mona Food Industries Food & Allied Initial Rating - BBB1(Lr) ST-3 - 28-Sep-14

839 Mona Wire Industry Trading Initial Rating - BBB3(Lr) ST-3 - 5-Jun-14

840 Monarch Engineers Trading Surveillance - BB2(Lr) ST-4 - 11-Sep-14

841 Mondol Auto Rice Mill & Food Ind. Ltd. Rice Mill Surveillance - BBB3(Lr) ST-3 - 5-Mar-15

842 Mongla Engineering & Ship Repairs Ltd. Engineering Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Dec-14

843 Monica Button & Garments Accessories (Pvt.) Ltd. RMG Accessories Initial Rating - BB3(Lr) ST-4 - 30-Dec-14

844 Monica Trading International Trading Initial Rating - D(Lr) ST-6 - 21-Jul-14

845 Monira Knit Apparels Ltd. Textile Initial Rating - BB3(Lr) ST-4 - 6-Nov-14

846 Monowara Traders & Industries Trading Surveillance - BB1(Lr) - - 30-Dec-14

847 Moon Enterprise Trading Surveillance - BB2(Lr) ST-4 - 30-Dec-14

848 Moon Hardware Trading Initial Rating - BB1(Lr) ST-3 - 31-Mar-15

849 Moon Knitwear & Composite Dyeing Textile Initial Rating BB2 BB2(Lr) ST-4 Stable 7-Jul-14

850 Moshiur Traders Trading Surveillance - B1(Lr) ST-5 - 27-Jun-14

851 Mostafa Paper Complex Ltd. Paper Initial Rating BBB2 - ST-3 Stable 18-Feb-15

852 Mostofa Communications Construction Initial Rating - - ST-3 - 29-May-14

853 Mostofa Construction Construction Initial Rating - - ST-4 - 29-May-14

854 Motaleb Monowara Composite (Pvt.) Ltd. Cold Storage Surveillance - BB1(Lr) ST-5 - 30-Jun-14

855 Mother Steel Ltd. Steel Surveillance - BBB3(Lr) ST-3 - 30-Nov-14


20




856 Mouchak Knit Composite Ltd. Textile Initial Rating - BBB3(Lr) ST-3 - 30-Mar-15

857 Mouren Enterprise Trading Initial Rating - BB2(Lr) ST-4 - 11-Dec-14

858 Mousumi Chaul Kal Rice Mill Initial Rating - BBB3(Lr) - - 30-Sep-14

859 Moyeenuddin Bashi Trading Surveillance - BB2(Lr) ST-4 - 17-May-14

860 Mozammel & Brothers Trading Surveillance - - ST-3 - 13-Mar-15

861 MRF Trade House Ltd. Trading Surveillance - B1(Lr) - - 30-Jun-14

862 MSA Spinning Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-14

863 Muhibur Rahman Contractor Initial Rating - - ST-3 - 30-Nov-14

864 Muksood Ahmed Trading Surveillance - BB2(Lr) ST-4 - 30-Jun-14

865 Mukta Store Trading Surveillance - BBB3(Lr) - - 29-Jun-14

866 Mukter General Store Trading Initial Rating - BB1(Lr) - - 5-Jun-14

867 Multi Safh Bags Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

868 Multi Trade Enterprise Ltd. Construction Initial Rating - A3(Lr) ST-3 - 15-May-14

869 Multiplan Limited Real Estate Surveillance BB1 - ST-4 Stable 30-Dec-14

870 Munayem Khan Babul Trading Surveillance - BBB3(Lr) ST-3 - 30-Sep-14

871 Munshigonj Fiber & Agro Industries Ltd. Agro Inputs Surveillance BBB3 BBB3(Lr) ST-4 Stable 5-Jun-14

872 Musa & Issa Enterprise Trading Initial Rating - BB1(Lr) ST-4 - 17-Dec-14

873 Muslim Garments Textile Surveillance - BB3(Lr) ST-4 - 4-Dec-14

874 Mutual Properties Ltd. Real Estate Initial Rating BB2 - ST-4 Stable 31-Mar-15

875 MZM (CEPZ) Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Positive 18-Oct-14

876 N H Enterprise Trading Surveillance - - ST-4 - 30-May-14

877 N Islam Steel Trading Surveillance - BB3(Lr) - - 30-Sep-14

878 N N Enterprise Trading Initial Rating - - ST-4 - 30-Dec-14

879 N R Amin Trading Trading Initial Rating - BBB3(Lr) - - 17-Dec-14

880 Nafi International Trading Initial Rating - - ST-3 - 29-Dec-14

881 Nafisa Apparels Ltd. Textile Surveillance BBB3 BBB3(Lr) - Stable 15-Dec-14

882 Nafiz Traders Trading Initial Rating - BB2(Lr) - - 23-Sep-14

883 Nahar Trading Corporation Ltd. Trading Surveillance BB3 BB3(Lr) ST-5 Negative 30-Jun-14

884 Nahid Motors Trading Surveillance - - ST-3 - 28-Nov-14

885 Nahid Plastic (BD) Ltd. Plastics Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jul-14

886 Naj Enterprise Trading Surveillance - BBB3(Lr) ST-3 - 21-Dec-14

887 Narshingdhi Sizing & Fishing Mills Poultry & Fisheries Initial Rating - BB1(Lr) - - 28-Jan-15

888 Nasim Brothers Automatic Rice Mill Rice Mill Surveillance - B1(Lr) ST-5 - 30-Jun-14

889 Nasir & Co. Trading Surveillance - - ST-3 - 20-Jun-14

890 Nasir Textile Textile Initial Rating - BB2(Lr) ST-4 - 4-Sep-14

891 NASSA Design & Development Ltd. Real Estate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

892 NASSA Holdings Ltd. Real Estate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

893 National Auto Rice Mill Rice Mill Surveillance - BBB3(Lr) ST-3 - 5-Dec-14

894 National Feed Mill Ltd. Feed Mill Surveillance BBB3 BBB3(Lr) ST-4 Stable 22-Dec-14

895 National Trade Syndicate Trading Surveillance - - ST-3 - 30-Jun-14

896 Navana Poly Packaging Ltd. Polymer Initial Rating - BB3(Lr) ST-4 - 30-Dec-14

897 Navana Real Estate Ltd. Real Estate Surveillance AA3 AA3(Lr) ST-2 Stable 15-Nov-14

898 Nayna Flour Mills Food & Allied Initial Rating - BB1(Lr) - - 30-Mar-15


21




899 Nayna Flour Mills-3 Food & Allied Initial Rating - BB1(Lr) - - 30-Mar-15

900 Nazrul & Brothers Trading Initial Rating - BB2(Lr) - - 4-Feb-15

901 NDR Corporation Trading Initial Rating - BB1(Lr) - - 10-May-14

902 Needle Work Ltd. Textile Initial Rating - - ST-3 - 30-Jun-14

903 Nemsan Container Ltd. Container Surveillance B2 - ST-5 Negative 15-Sep-14

904 Neo Zipper Company Ltd. RMG Accessories Surveillance A1 A1(Lr) ST-2 Positive 30-Jun-14

905 Neptune Packaging Industries (Pvt) Ltd. Packaging Initial Rating - BB1(Lr) ST-3 - 2-Mar-15

906 Nesa Trading Company Trading Initial Rating - BBB3(Lr) - - 27-Apr-14

907 New Auto Galaxy Trading Surveillance - - ST-3 - 21-Dec-14

908 New Barawlia Store Trading Surveillance - BB2(Lr) ST-1 - 21-Oct-14

909 New Bogdad Rice Mill Rice Mill Surveillance - BB2(Lr) ST-4 - 30-Jun-14

910 New Foods Ltd. Food & Allied Surveillance - BB2(Lr) ST-4 - 30-Dec-14

911 New Generation Fashion Ltd. Textile Initial Rating - BB1(Lr) ST-3 - 20-Nov-14

912 New Generation Trading Ltd. Trading Surveillance - BB2(Lr) ST-4 - 31-Aug-14

913 New Mahi Bricks Brick Initial Rating - BBB3(Lr) - - 12-Mar-15

914 New Progati Traders Trading Initial Rating - BB2(Lr) - - 23-Dec-14

915 New S H International Trading Initial Rating - BB1(Lr) - - 28-Aug-14

916 New Sawdagar Pharmacy Trading Initial Rating - BBB3(Lr) - - 29-Sep-14

917 New Sea Fish Sales Centre Trading Initial Rating - BB1(Lr) - - 17-Dec-14

918 Newaz Farming Complex Poultry & Fisheries Initial Rating - BBB3(Lr) - - 4-Feb-15

919 Newtex Knit Fashions Ltd. Textile Surveillance BBB3 BBB2(Lr), A1(Lr) ST-3 Stable 30-Dec-14

920 Nextgen Style Ltd. Textile Initial Rating - - ST-3 - 30-Jun-14

921 Nezam Uddin & Brothers Trading Surveillance - BB1(Lr) ST-1 - 13-Nov-14

922 Niagara Textiles Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-14

923 Nikhil Alongkar Trading Initial Rating - BB3(Lr) - - 4-Sep-14

924 Nilufa Automatic Rice Mill Rice Mill Surveillance - BB1(Lr) - - 20-Jun-14

925 Nina Holdings Ltd. Real Estate Initial Rating A3 A3(Lr) ST-3 Stable 31-Dec-14

926 Niribili Fisheries Ltd. Poultry & Fisheries Surveillance BB2 BB2(Lr) ST-4 Negative 30-Jun-14

927 Nirman Enterprise Trading Initial Rating - BB2(Lr) ST-4 - 28-Sep-14

928 Nizamia Trade International Trading Surveillance - BB1(Lr) ST-4 - 11-Oct-14

929 Noapara Trading Trading Surveillance - BBB3(Lr) ST-3 - 28-Dec-14

930 Noboudoy Housing Ltd. Real Estate Surveillance BBB2 BBB2(Lr) - Stable 12-Sep-14

931 Nofel Agro Fisheries Ltd. Poultry & Fisheries Initial Rating - BB3(Lr) - - 30-Dec-14

932 Noor Hossain Contractor Surveillance - BBB3(Lr) ST-3 - 15-Dec-14

933 North Bengal Flour Mill & Md Yakub Ali Food & Allied Surveillance - - ST-4 - 28-Nov-14

934 North Bengal Grain Industries Ltd. Rice Mill Surveillance - BBB1(Lr) - - 1-Aug-14

935 North Bengal Plastic Bag Industries Plastics Surveillance - BB2(Lr) - - 30-Jun-14

936 North’s Egg Ltd. Poultry & Fisheries Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

937 Nova Auto Bricks Brick Initial Rating - B1(Lr) - - 4-Aug-14

938 Novel Huricane Knit Garments Ltd. Ready Made Garments Surveillance - BBB1(Lr), BBB2(Lr) ST-3 - 30-Dec-14

939 Novelta Bestway Pharmaceuticals Ltd. Pharmaceutical Initial Rating BB3 BB3(Lr) ST-4 Stable 30-Jun-14

940 Novimoda Knitwear Ltd. Textile Surveillance BB1 BB1(Lr) ST-3 Stable 20-Nov-14

941 Nowapara Clod Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14


22




942 Nowapara Packaging Industries Ltd. Packaging Initial Rating CRAB-ME 4/BB3 - - 5-Apr-15

943 Nuruddin Enterprise Trading Initial Rating - BB1(Lr) ST-3 - 23-Sep-14

944 Nurul Huda & Brothers Trading Initial Rating - BB2(Lr) - - 2-Mar-15

945 Nurul Islam Spinning Mills Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

946 Oasis Services (Agro) Ltd. Agro Inputs Surveillance BBB2 BBB2(Lr) - Stable 14-Dec-14

947 Obaidullah Textile Jute Initial Rating - BB2(Lr) - - 30-Dec-14

948 Ocean Apparels Textile Surveillance - BB1(Lr) ST-4 - 20-Jun-14

949 OK Enterprise Pvt. Ltd. Trading Surveillance - BB3(Lr) - - 28-Dec-14

950 OK Properties Ltd. Real Estate Surveillance - BB3(Lr) - - 28-Dec-14

951 Olympic Accessories Ltd. RMG Accessories Initial Rating - BB3(Lr) ST-4 - 30-Dec-14

952 Olympic Cement Ltd. Cement Surveillance A2 A2(Lr) ST-3 Positive 30-Jun-14

953 Ope Properties Ltd. Real Estate Surveillance B2 - ST-5 Stable 30-Mar-15

954 Orascom Telecom Bangladesh Ltd. Telecommunication Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

955 Orascom Telecom Bangladesh Ltd.-Bond Telecommunication Surveillance A1(SO) - - - 30-Jun-14

956 Orchid Sweater Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

957 Orchid Towels (BD) Ltd. Textile Initial Rating - BB3(Lr) - - 12-Dec-14

958 Oriental Oil Company Ltd. Lubricant Initial Rating B2 B2(Lr) ST-5 Negative 29-Dec-14

959 Orion Gas Ltd. Gas Surveillance BBB2(Pr) - - - 22-Jun-14

960 Orion Pharmaceuticals Ltd. Pharmaceutical Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-14

961 Osanian Style & Fashion Wear Textile Initial Rating - BB2(Lr) ST-4 - 29-Dec-14

962 Osman Auto Rice Mills Rice Mill Initial Rating - BB2(Lr) - - 6-Nov-14

963 Osmanli Trade Ltd. Trading Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

964 Ovee Enterprise & Sister Concern Trading Initial Rating - BBB3(Lr) - - 2-Mar-15

965 Pabna Knit Design Ltd. Textile Initial Rating - - ST-3 - 28-Jan-15

966 Pacific Impex Trading Initial Rating - BB2(Lr) ST-4 - 30-Jun-14

967 Pacific Marine Service Dredging Surveillance - BBB3(Lr) ST-3 - 30-Jun-14

968 Pacific Spinning Mills Ltd. Textile Surveillance - BB1(Lr) ST-4 - 30-Jun-14

969 Packmart Industries Ltd. Packaging Surveillance AA2 AA2(Lr) ST-3 Stable 30-Apr-14

970 Padma Cold Storage (Pvt.) Ltd. Cold Storage Surveillance BB2 BB2(Lr) ST-4 Stable 31-Mar-15

971 Pailac Chemicals Company Chemical Surveillance A3 A3(Lr) ST-3 Stable 25-Sep-14

972 Pan Mark Apparels (Pvt.) Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Sep-14

973 Panasia Clothing Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-14

974 Panasia Sweaters Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-14

975 Panorama Apparels Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Mar-14

976 Pantaloon Fashion Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

977 Papri Traders Trading Surveillance - BBB3(Lr) ST-3 - 29-Jun-14

978 Paramount Apparels Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-14

979 Parity Garments (Pvt) Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

980 Partex Furniture Industries Ltd. Timber & Furniture Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

981 Partex Laminates Ltd. Miscellaneous Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

982 Parul Enterprise Trading Surveillance - - ST-4 - 31-May-14

983 Passion Apparels & Wears Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-4 Stable 30-Dec-14

984 Pavel Enterprise Trading Initial Rating CRAB-SE 4 - - - 30-Mar-15


23




985 Pearl Garments Company Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

986 Pearl Prince Apparels Ltd. Textile Surveillance BB2 BB2(Lr) ST-4 Negative 19-Sep-14

987 Pearls & Pouce Ltd. Textile Surveillance - BBB1(Lr) ST-3 - 14-Dec-14

988 PEB Steel Alliance Ltd. Steel Surveillance A3 A3(Lr) ST-3 Stable 11-Jul-14

989 Pepco Bangladesh Trading Initial Rating - BB1(Lr) ST-4 - 19-Mar-15

990 Perfect Fashions Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

991 Photolab Trading Trading Initial Rating - - ST-3 - 4-Aug-14

992 Pintu Dutta Trading Surveillance - - ST-3 - 29-Mar-15

993 Pintu Motors Trading Surveillance - BB1(Lr) ST-3 - 29-Mar-15

994 Pitstop Foods Ltd. Food & Allied Initial Rating - BBB3(Lr) - - 15-Dec-14

995 Plastic Concern (Pvt) Ltd. Plastics Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jul-14

996 Podder Chaul Kal Rice Mill Initial Rating - BB1(Lr) - - 29-Sep-14

997 Pole Star Apparels (Pvt.) Ltd. Textile Surveillance C C(Lr) ST-6 Negative 13-Jun-14

998 Polo Composite Knit Industry Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Mar-14

999 Port Land International Miscellaneous Initial Rating - BB2(Lr) - - 15-Dec-14

1000 Portcity Poly & Accessories Industry Ltd. RMG Accessories Surveillance - - ST-4 - 30-Jun-14

1001 Power Trade Building Ltd. Engineering Surveillance BB3 BB3(Lr) ST-4 - 15-Dec-14

1002 Power Trade Engineering Ltd. Engineering Surveillance BB3 BB3(Lr) ST-4 - 15-Dec-14

1003 Pragoti Industries Ltd. Automotive Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

1004 Pratik Apparels Ltd. Textile Surveillance BB2 BB2(Lr) ST-3 Stable 15-Mar-15

1005 Premier Accessories Ltd. RMG Accessories Initial Rating - BB2(Lr) ST-4 - 15-Mar-15

1006 Premier Stone Crusher Stone Crushing Initial Rating - BBB3(Lr) - - 28-Feb-15

1007 Prime Corporation Trading Surveillance - A3(Lr) ST-3 - 25-Jul-14

1008 Prime Enterprise Trading Initial Rating - A3(Lr) - - 15-Dec-14

1009 Prince High Design Ltd. Textile Surveillance - BB3(Lr) ST-4 - 30-Dec-14

1010 Priti Enterprise Trading Initial Rating - BB1(Lr) - - 15-Mar-15

1011 Priyam Garments Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Dec-14

1012 Progati Electronics Electrical & Electronics Surveillance - BB2(Lr) ST-4 - 29-Mar-15

1013 Progressive Fishing Ltd. Poultry & Fisheries Initial Rating BB1(Pr) BB1(Lr) - - 15-Jun-14

1014 Prome Agro Foods Ltd. Food & Allied Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Dec-14

1015 Purbani Fabrics Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

1016 Purbani Rotor Spinning Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

1017 Purbani Synthetic Spinning Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

1018 Purbani Yarn Dyeing Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

1019 Q N Queue Accessories Ltd. RMG Accessories Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jul-14

1020 QNS Container Services Ltd. Container Surveillance BBB1 BBB1(Lr) ST-3 Stable 14-Nov-14

1021 Quality Trade International Trading Initial Rating - BB1(Lr) ST-4 - 29-Dec-14

1022 Quantum Corporation Ltd. Food & Allied Initial Rating - BB3(Lr) - - 18-Feb-15

1023 Quasem Drycells Ltd. Miscellaneous Surveillance A3 A3(Lr) ST-3 Stable 15-Dec-14

1024 Quasem Food Products Ltd. Food & Allied Surveillance BBB3 BBB3(Lr) ST-4 Stable 19-Sep-14

1025 Quasem Zinc Ltd. Miscellaneous Initial Rating BBB3 BBB3(Lr) ST-3 Stable 4-Dec-14

1026 Quest Accessories (BD) Ltd. RMG Accessories Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Jul-14

1027 R K International Trading Initial Rating - - ST-4 - 28-Jan-15


24




1028 R M Fabitech Ltd. Textile Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

1029 R M Interlinings Ltd. Textile Surveillance AA3 AA3(Lr) ST-3 Stable 22-Jan-15

1030 R N Auto Rice Mill Rice Mill Initial Rating - BBB3(Lr) - - 31-Mar-15

1031 R S Enterprise Trading Surveillance - - ST-3 - 26-Mar-15

1032 R S Machineries Trading Surveillance - BB1(Lr) ST-3 - 30-Jun-14

1033 Rabab Fashion Industries Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Mar-15

1034 Rabeya Automatic Rice Mill Rice Mill Surveillance - BBB3(Lr) - - 19-Sep-14

1035 Radial International Ltd. Textile Surveillance - A2(Lr) ST-3 - 14-Dec-14

1036 Radiance Fashion Ltd. Textile Surveillance - BBB1(Lr) ST-3 - 14-Dec-14

1037 Radiance Jeans Ltd. Textile Surveillance - BBB1(Lr) ST-3 - 14-Dec-14

1038 Radiance Packaging & Accessories Ltd. Textile Surveillance - BBB1(Lr) ST-3 - 14-Dec-14

1039 Radisson Apparels Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-14

1040 Rafi Computer Trading Surveillance - - ST-4 - 3-Apr-14

1041 Rafia Paper Converting & Coating Inds. Ltd. Paper Initial Rating - BB1(Lr) ST-3 - 31-Dec-14

1042 Rahat Corporation Trading Initial Rating - A3(Lr) - - 29-May-14

1043 Rahbar Agro Complex (Pvt) Ltd. Agro Inputs Initial Rating - BBB3(Lr) - - 30-Nov-14

1044 Rahbar Himagar (Pvt) Ltd. Cold Storage Initial Rating - BB1(Lr) - - 30-Nov-14

1045 Rahman Brothers Trading Initial Rating - BBB3(Lr) ST-3 - 28-Jun-14

1046 Rahman Jute Mills (Pvt.) Ltd. Jute Surveillance - BB1(Lr) ST-4 - 21-Dec-14

1047 Rahman Knit Wear Textile Initial Rating - BB1(Lr) - - 1-Dec-14

1048 Rahman Steel House Trading Initial Rating - BB2(Lr) - - 20-Nov-14

1049 Rahmania Cloth Store Trading Surveillance - BBB3(Lr) - - 28-Jun-14

1050 Rahmat Traders Trading Surveillance - - ST-3 - 28-Nov-14

1051 Rainbow Associates Trading Initial Rating - - ST-3 - 30-Dec-14

1052 Rainbow Jute Mills Ltd. Jute Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

1053 Raisa Fashion Ltd. Textile Initial Rating - - ST-3 - 30-Mar-15

1054 Raj Steel Corporation Construction Initial Rating - BBB1(Lr) - - 26-Jun-14

1055 Rakib Brothers Trading Initial Rating - - ST-3 - 5-Jun-14

1056 Raks Fashion Ltd. Textile Initial Rating - BB2(Lr) ST-4 - 30-Dec-14

1057 Rams Fashion & Embroidery Textile Initial Rating - BB1(Lr) - - 30-Mar-15

1058 Rana Flour Mill Food & Allied Initial Rating - BB3(Lr) - - 6-Nov-14

1059 Rana Rice Mill Rice Mill Initial Rating - BB1(Lr) - - 29-Sep-14

1060 Ranu Agro Industries Ltd. Agro Inputs Initial Rating BB1 BB1(Lr) ST-4 Stable 6-Nov-14

1061 Raquef Apparel Washing & Packaging Ind. Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Stable 2-Apr-14

1062 Rashid Enterprise Trading Surveillance - - ST-3 - 14-Mar-15

1063 Rasid Agro Food Products Ltd. Food & Allied Initial Rating A3 A3(Lr) ST-3 Stable 31-Dec-14

1064 Ratanpur Ship Re-Cycling Ind. Ltd Shipbreaking Initial Rating BBB3 BBB3(Lr) ST-4 Negative 18-Apr-14

1065 Ratanpur Steel Re-Rolling Mills Ltd. Steel Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

1066 Ratna Auto Rice Mills & Poultry Rice Mill Surveillance - BB3(Lr) - - 19-Apr-14

1067 Raya Spinning Mills Ltd. Textile Surveillance B1 - ST-4 Positive 31-Dec-14

1068 Rayan Trade International Trading Initial Rating - - ST-1, ST-3 - 4-Aug-14

1069 Razzak Brothers Trading Initial Rating - BBB2(Lr) - - 4-Feb-15

1070 Razzak Motors Trading Initial Rating - - ST-2 - 17-Jun-14


25




1071 Razzaque Steel House Trading Surveillance - BB1(Lr) ST-4 - 3-Apr-15

1072 Refat Garments Ltd. Textile Surveillance AA2 AA2(Lr) ST-2 Stable 30-Sep-14

1073 Renaissance Development Ltd. Real Estate Initial Rating - BBB3(Lr) - - 23-Dec-14

1074 Renaissance Hospital & Research Ins. Ltd. Healthcare Surveillance BB3 BB3(Lr) ST-4 Stable 30-Dec-14

1075 Renata Limited – Entity Pharmaceutical Surveillance AA1 AA1(Lr) ST-1 Stable 30-Jun-14

1076 Renata Limited-Bond Pharmaceutical Surveillance AA2(SO) - - Stable 20-Nov-14

1077 Resource Planning & Management Consultants (Pvt) Ltd.Miscellaneous Initial Rating A3 A3(Lr) ST-3 Stable 29-May-14

1078 Rhythm Apparels Ltd. Textile Initial Rating BB3 BB3(Lr) ST-4 Stable 30-Dec-14

1079 Rhythm Fashion Ltd. Textile Initial Rating BB3 BB3(Lr) ST-4 Stable 30-Dec-14

1080 Rhythm Garments Ltd. Textile Initial Rating BB3 BB3(Lr) ST-4 Stable 30-Dec-14

1081 Ridwan Textile Textile Initial Rating - BB1(Lr) ST-3 - 27-Apr-14

1082 Rinku Rimon Auto Rice Mill Rice Mill Surveillance - BB2(Lr) - - 29-Jun-14

1083 Riyadh Salt Industries Salt Initial Rating - BB2(Lr) - - 22-Jul-14

1084 Robi Axiata Ltd. Telecommunication Surveillance AA3 AA3(Lr) ST-1 Positive 30-Jun-14

1085 Roity Enterprise Trading Surveillance - - ST-4 - 31-May-14

1086 Rony Enterprise Trading Surveillance - - ST-4 - 8-May-14

1087 Roto Smart Ltd. Miscellaneous Initial Rating - BB1(Lr) ST-3 - 30-Dec-14

1088 Rowa Knitwear Ltd. Textile Surveillance BB1 BB1(Lr) ST-3 Stable 29-Jun-14

1089 Royal Fashions Ltd. Textile Initial Rating - BB3(Lr) ST-4 - 30-Dec-14

1090 Royal Gold Trading Surveillance - - ST-1, ST-3 - 11-Sep-14

1091 Royal International Trading Surveillance - - ST-1, ST-3 - 11-Sep-14

1092 Royal Shoes Footwear Initial Rating - - ST-3 - 30-Sep-14

1093 RS & Brothers Trading Initial Rating - - ST-4 - 10-May-14

1094 RS & T International Trading Surveillance - BBB2(Lr) ST-3 - 30-Sep-14

1095 Rubel Dyeing Screen Printing Works (Pvt) Ltd. Dyeing & Printing Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-14

1096 Rubel Steel Mills Ltd. Steel Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

1097 Ruby Food Products Ltd. Food & Allied Surveillance - BBB3(Lr) ST-3 - 28-Sep-14

1098 Ruhul Amin Automatic Rice Mill Rice Mill Surveillance - BB1(Lr) ST-4 - 10-Oct-14

1099 Rumana Fashion Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

1100 Rumman & Brothers Trading Surveillance - - ST-4 - 5-Mar-15

1101 Rumpa Enterprise Trading Surveillance - B1(Lr) ST-5 - 29-Jun-14

1102 Runner Automobiles Ltd. Automotive Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-14

1103 Runner Bricks Ltd. Brick Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-14

1104 Runner Motors Ltd. Automotive Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Jun-14

1105 Rupali Agencies Trading Surveillance - BBB3(Lr) ST-3 - 30-Nov-14

1106 Rupali Garments Textile Surveillance - BB3(Lr) - - 13-Mar-15

1107 Rupam Packages & Printing (Pvt) Ltd. Printing & Packaging Initial Rating - BB1(Lr) ST-3 - 4-Sep-14

1108 Rupsha Jute Diversification Ltd. Jute Initial Rating - B1(Lr) - - 11-Sep-14

1109 Ruslan Corporation Trading Surveillance - BBB2(Lr) ST-4 - 15-Dec-14

1110 S & A Bay of Bengal Poultry & Fisheries Initial Rating - BB2(Lr) - - 10-Dec-14

1111 S A Consumer Products Ltd. Food & Allied Initial Rating - BB2(Lr) ST-4 - 5-Sep-14

1112 S A Traders Trading Initial Rating - - ST-6 - 30-Jul-14

1113 S Ahmed Trading Corporation Trading Surveillance - BBB3(Lr) - - 30-Dec-14


26




1114 S H Trading Co. Trading Surveillance - BB2(Lr) - - 31-Jul-14

1115 S K Motors Trading Surveillance - BBB2(Lr) - - 20-Jun-14

1116 S N Builders Construction Initial Rating - - ST-4 - 31-May-14

1117 S N Corporation Shipbreaking Surveillance - BBB1(Lr) ST-3 - 12-Jun-14

1118 S N Sanitary & Tiles Trading Initial Rating - BB3(Lr) ST-4 - 15-Dec-14

1119 S O Trade Trading Initial Rating - BB1(Lr) - - 18-Feb-15

1120 S R Bricks Brick Initial Rating - BB3(Lr) - - 12-Mar-15

1121 S R Jute Processing Jute Surveillance - BB1(Lr) - - 30-Jun-14

1122 S Rahman & Brothers Trading Surveillance - - ST-4 - 6-Nov-14

1123 S Rahman Machinery & Motor Cycle Agency Trading Initial Rating - BB1(Lr) - - 4-Feb-15

1124 S S Enterprise Trading Initial Rating - BBB3(Lr) - - 23-Dec-14

1125 S S Fabrics Ltd. Textile Surveillance - BB3(Lr) - - 14-Dec-14

1126 S S Food Industry Food & Allied Initial Rating - BB1(Lr) - - 23-Sep-14

1127 S S Traders Trading Initial Rating - - ST-4 - 29-May-14

1128 S Uddin & Co. Trading Initial Rating - BB2(Lr) - - 30-Mar-15

1129 S&S Poultry Farm Poultry & Fisheries Surveillance - - ST-3 - 30-Dec-14

1130 Sabjiana Ltd. Food & Allied Surveillance BBB3 BBB3(Lr) ST-4 Stable 20-Jun-14

1131 Sadat Real Estate Real Estate Initial Rating - BBB1(Lr) - - 28-Jan-15

1132 Sadia Enterprise Trading Initial Rating CRAB-SE 4 - - - 5-Apr-15

1133 Sadip Enterprise Trading Initial Rating - BBB3(Lr) - - 29-Dec-14

1134 Sadma Fashionwear Ltd. Textile Initial Rating - BBB3(Lr) ST-3 - 30-Mar-15

1135 Saif Powertec Ltd. Engineering Surveillance BBB1 BBB1(Lr) ST-3 Stable 15-Dec-14

1136 Saiful & Co. Trading Surveillance - - ST-3 - 29-Jun-14

1137 Saiham Cotton Mills Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 20-Aug-14

1138 Sakib Textiles Textile Initial Rating - BBB3(Lr) - - 18-Apr-14

1139 Salahuddin Trading Company Trading Surveillance - - ST-1, ST-3 - 2-Aug-14

1140 Salam & Kalam Daul Mill Food & Allied Surveillance - BB3(Lr) - - 7-Nov-14

1141 Salima Machineries Trading Surveillance - - ST-3 - 10-May-14

1142 Salma Trade International Ltd. Trading Surveillance BBB2 BBB2(Lr) ST-3 Stable 14-Nov-14

1143 Sam As Bricks Brick Initial Rating - - ST-4 - 30-Dec-14

1144 Sam Associates Ltd. Miscellaneous Surveillance - BBB3(Lr) - - 30-Mar-15

1145 Sam Ree Dyeing (BD) Ltd. Dyeing & Printing Initial Rating BB3 BB3(Lr) ST-4 Stable 5-Jun-14

1146 Samata Enterprise & It's Sister Concern Trading Initial Rating - BBB3(Lr) - - 30-Nov-14

1147 Sameer Enterprise Trading Surveillance - - ST-4 - 29-Jun-14

1148 Sami Chawl Kal Rice Mill Surveillance - BB2(Lr) ST-4 - 20-Dec-14

1149 Samrat Industries Plastics Initial Rating - BBB3(Lr) ST-4 - 20-Nov-14

1150 Sanitary World Trading Initial Rating - BBB2(Lr) - - 29-Sep-14

1151 Sanjay Trading Trading Surveillance - BB2(Lr) ST-4 - 30-Dec-14

1152 Sanzi Textile Mills Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-15

1153 SAR & Co. Ltd. Trading Surveillance - BB3(Lr) - - 30-Jun-14

1154 Sarada Knitwear Ltd. Textile Surveillance - - ST-4 - 3-May-14

1155 SARC Enterprise Trading Surveillance - BB3(Lr) ST-4 - 15-Dec-14

1156 Sarker Brothers Filling Station Filling Station Initial Rating - BB2(Lr) ST-4 - 30-Jun-14


27




1157 Sarker Hardware Store Trading Initial Rating - BB2(Lr) - - 20-Nov-14

1158 Sarker Printing & Publishing Printing & Packaging Surveillance - BBB1(Lr) ST-3 - 12-Aug-14

1159 Sarker Rice Mill Rice Mill Initial Rating - BB2(Lr) ST-4 - 12-Mar-15

1160 Sarwar Kamal Chy. Enterprise Trading Initial Rating - BB2(Lr) - - 26-Mar-15

1161 Satkhira Feed Industries Ltd. Feed Mill Surveillance BBB3 - ST-3 Stable 30-Dec-14

1162 Satkhira Ice & Cold Storage Cold Storage Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

1163 Satter & Brothers Trading Surveillance - - ST-3 - 31-Mar-15

1164 Saturn Textiles Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Jun-14

1165 Savar Sweater Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-14

1166 Sayed Shappu Ahmed Trading Initial Rating - BBB3(Lr) - - 26-Mar-15

1167 Sayeman Beach Resort Ltd. Tourism & Hospitality Surveillance BBB3(Pr) BBB3(Lr) ST-3 Stable 20-Jun-14

1168 Saymon Hosiery Hosiery Initial Rating - BB2(Lr) - - 30-Mar-15

1169 Sea Blue Textile Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Mar-14

1170 Sea Food Corporation Ltd. Food & Allied Surveillance BB3 BB3(Lr) ST-4 Stable 30-Jun-14

1171 Sea Shell Hotel Restaurant & Party Palace Restaurant Initial Rating - BBB2(Lr) - - 27-Dec-14

1172 Seema Flour Mills Food & Allied Initial Rating - BBB3(Lr) ST-3 - 30-Mar-15

1173 Sefat Trade International Trading Initial Rating - BB2(Lr) ST-4 - 5-Jun-14

1174 Sensible Fashion (Pvt.) Ltd. Textile Initial Rating BB2 BB2(Lr) ST-4 Stable 23-Dec-14

1175 Senu Miah Textile Textile Surveillance BB1 BB1(Lr) ST-3 - 29-Jun-14

1176 Setara Fish Farm Ltd. Poultry & Fisheries Surveillance - BBB3(Lr) ST-4 - 4-Dec-14

1177 Setu Enterprise Construction Initial Rating - BB1(Lr) ST-3 - 5-Sep-14

1178 Seven Seas Shipping Logistics Initial Rating - BB3(Lr) - - 15-Dec-14

1179 Shabbir Enterprise Trading Initial Rating - BBB3(Lr) ST-3 - 29-May-14

1180 Shadow Trading Surveillance - BB1(Lr) ST-3 - 3-Apr-14

1181 Shafi Traders Trading Surveillance - - ST-3 - 22-Oct-14

1182 Shah Amanat Cutting Center Trading Surveillance - BBB2(Lr) ST-3 - 12-Mar-15

1183 Shah Amanat Traders Trading Initial Rating - BB3(Lr) ST-4 - 27-Dec-14

1184 Shah Enterprise Trading Initial Rating - BBB3(Lr) - - 30-Apr-14

1185 Shah Fatehullah Textile Mills Ltd. Textile Surveillance BBB1 A3(Lr) ST-3 Stable 31-Dec-14

1186 Shah Nur Traders Trading Initial Rating - BB2(Lr) - - 23-Sep-14

1187 Shah Perfumery Products Ltd. Miscellaneous Surveillance BB1(Pr) - - - 2-Jun-14

1188 Shah Sultan Textile Ltd. Textile Initial Rating - BB2(Lr) - - 30-Apr-14

1189 Shahadat Husking Mills Rice Mill Surveillance - BB1(Lr) - - 21-Jul-14

1190 Shaheen Garments Textile Surveillance - BB3(Lr) ST-4 - 4-Dec-14

1191 Shahin Traders Trading Surveillance - - ST-3 - 30-Sep-14

1192 Shahinoor Alam Trading Initial Rating - BBB1(Lr) - - 29-Dec-14

1193 Shahjania Traders Trading Surveillance - - ST-4 - 30-Jun-14

1194 Shahjibazar Power Company Ltd. Fuel & Power Surveillance AA2 - ST-2 Stable 28-Jan-15

1195 Shahnaj Print Sharee Textile Initial Rating - BBB1(Lr) - - 27-Apr-14

1196 Shajalal Enterprise Trading Initial Rating - BBB3(Lr) - - 30-Apr-14

1197 Shajalal Motors Trading Initial Rating - BBB3(Lr) - - 30-Apr-14

1198 Shakal Shandha Poultry Feed & Sister Concerns Feed Mill Initial Rating - BBB3(Lr) - - 2-Mar-15

1199 Shakti Engineering Ltd. Engineering Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Oct-14


28




1200 Shampa Flour Mills Ltd. Food & Allied Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-14

1201 Shams Styling Wear Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 23-May-14

1202 Shangu Tex Ltd. Textile Surveillance BB2 BB2(Lr) ST-3 Stable 30-Jun-14

1203 Shankar Bostralaya Textile Initial Rating - BBB3(Lr) - - 29-Sep-14

1204 Shanta Properties Ltd. Real Estate Surveillance A3 A3(Lr) ST-3 Stable 31-May-14

1205 Shanta Trading Corporation Trading Initial Rating - BB2(Lr) - - 29-May-14

1206 Shapla Auto Rice Mill Rice Mill Surveillance - BB2(Lr) - - 6-Jun-14

1207 Sharif Clod Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

1208 Sharija Oil Refinery Ltd. Food & Allied Surveillance - B1(Lr) ST-5 - 30-Jun-14

1209 Sharp Kargo Kare Ltd. Miscellaneous Surveillance BB3 BB3(Lr) ST-4 Negative 31-Mar-14

1210 Shasha Denims Ltd. Textile Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-14

1211 Shasha Garments Ltd. Textile Initial Rating BBB1 BBB1(Lr) ST-3 Stable 13-Nov-14

1212 Shawon Fish Product (Pvt) Ltd. Poultry & Fisheries Surveillance - BBB3(Lr) ST-4 - 4-Dec-14

1213 Shawon Textile Textile Initial Rating - BB1(Lr) ST-3 - 30-Jul-14

1214 Sheikh Agency Trading Surveillance - BB1(Lr) ST-4 - 29-Jun-14

1215 Shipon Print Sharee Textile Initial Rating - BBB3(Lr) - - 28-Jan-15

1216 Shiv Textile Textile Surveillance - BBB3(Lr) ST-3 - 28-Nov-14

1217 Shohagpur Textile Mills Ltd. Textile Surveillance A2 A2(Lr) ST-3 Stable 18-May-14

1218 Shohel & Brothers Trading Initial Rating - BB1(Lr) ST-4 - 30-Oct-14

1219 Shohorab & Brothers Trading Initial Rating - BBB3(Lr) - - 23-Dec-14

1220 Shovessa Electronics & Motors Electrical & Electronics Surveillance - BBB3(Lr) - - 30-Jun-14

1221 Show Motion Ltd. Textile Initial Rating - A3(Lr) ST-3 - 27-Dec-14

1222 Shuvo Knit Ltd. Textile Surveillance - BB3(Lr) - - 29-Jun-14

1223 Shyamoli Beverage (Pvt) Ltd. Food & Allied Initial Rating - BB3(Lr) - - 4-Jul-14

1224 Sibah Enterprise Trading Initial Rating - BB1(Lr) ST-3 - 30-Oct-14

1225 SIC Syndicate Trading Initial Rating - - ST-3 - 10-May-14

1226 Siddeswari Clod Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

1227 Sign Media Ltd. Trading Initial Rating - BB1(Lr) ST-3 - 20-Nov-14

1228 Sikder Construction Construction Initial Rating - BB1(Lr) ST-3 - 5-Sep-14

1229 Silkways Card & Printing Ltd. Printing & Packaging Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Jun-14

1230 Silver Fabrics Textile Initial Rating - BBB3(Lr) ST-3 - 29-May-14

1231 Silver Style & Design Ltd. Textile Initial Rating - BBB3(Lr) ST-3 - 29-May-14

1232 Sinha Fabrics Ltd. Textile Initial Rating BBB1 BBB1(Lr) ST-3 Stable 29-Jun-14

1233 Siraj & Brothers Trading Surveillance - BB1(Lr) - - 25-Apr-14

1234 Siraz Cycle Industries Ltd. Miscellaneous Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

1235 Sirina Garments & Textiles Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 15-May-14

1236 Siyan Corporation Trading Surveillance - BB1(Lr) ST-4 - 30-Jun-14

1237 Sizda Motors Trading Surveillance - BB1(Lr) - - 29-Jun-14

1238 Skyline Apparels Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

1239 Skyline Garments Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

1240 Smart Accumulator Pvt. Ltd. Miscellaneous Surveillance - BB1(Lr) ST-4 - 5-Mar-15

1241 Snowtex Apparels Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 31-Mar-14

1242 Sobhan Ice & Clod Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14


29




1243 Sogo International Trading Initial Rating - B2(Lr) ST-5 - 30-Mar-15

1244 Sohel Sanitary Trading Initial Rating - BB1(Lr) ST-4 - 29-Sep-14

1245 Sohel Traders Trading Initial Rating - - ST-3 - 29-May-14

1246 Sohel Trading Corporation Trading Surveillance - - ST-3 - 30-Jun-14

1247 Sohel Trading Corporation Ltd. Trading Initial Rating - BBB3(Lr) - - 11-Dec-14

1248 Solar Television Mfg. Ltd. Miscellaneous Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Nov-14

1249 Solid Feeds Ltd. Food & Allied Initial Rating - BBB3(Lr) - - 30-Oct-14

1250 Sonali Paper & Board Mills Ltd. Paper Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-14

1251 Sonali Taranga International Trading Surveillance - BBB3(Lr) ST-3 - 30-Apr-14

1252 Sonargaon Textiles Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-4 Negative 30-Jun-14

1253 Sonica Agri Foods Trading Initial Rating - BBB3(Lr) ST-4 - 29-Dec-14

1254 Sony Electronics Trading Initial Rating - BB1(Lr) ST-3 - 31-Aug-14

1255 Sopura Silk Mills Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Mar-15

1256 Sourav Fish Poultry & Fisheries Initial Rating - - ST-4 - 3-Apr-14

1257 South Bengal Fertilizer Mills Ltd. Fertilizer Surveillance BBB3 BBB3(Lr) ST-3 Stable 28-Dec-14

1258 South Eastern Paper Mills Ltd. Paper Initial Rating - BB2(Lr) ST-4 - 5-Sep-14

1259 South West Printing & Packaging Ltd. Printing & Packaging Surveillance - BB3(Lr) ST-4 - 31-Mar-14

1260 Soya Protein Marketing Company Trading Initial Rating - BB2(Lr) - - 30-Dec-14

1261 SP Fashions Ltd. Textile Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-14

1262 Sparkle Company Trading Initial Rating - BB1(Lr) - - 30-Mar-15

1263 Standard Collection Manufacturing Co. Trading Surveillance - BBB3(Lr) ST-3 - 5-Mar-15

1264 Standard Finis Oil Co. Miscellaneous Surveillance - BBB3(Lr) ST-3 - 19-Sep-14

1265 Standard Group Ltd. Textile Surveillance AA3 - ST-2 Stable 30-Sep-14

1266 Standard Stitches Ltd. Textile Surveillance AA3 AA3(Lr) ST-2 Stable 23-May-14

1267 Star Bread & Biscuit Factory Ltd. Food & Allied Initial Rating BB3(Pr) - - - 27-Jun-14

1268 Star Line Auto Major Flour Mills Ltd. Food & Allied Surveillance - - ST-4 - 29-Sep-14

1269 Star Line Auto Rice Foods & Beverage Ltd. Food & Allied Surveillance - BBB3(Lr) ST-4 - 31-Dec-14

1270 Star Line Food Products Ltd. Food & Allied Surveillance - BBB3(Lr) ST-4 - 29-Sep-14

1271 Star Line Special Ltd. Logistics Surveillance - BBB2(Lr) ST-3 - 29-Sep-14

1272 Star Partical Board Mills Ltd. Partical Board Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-14

1273 Star Sea Food Industries Ltd. Food & Allied Surveillance BB2 BB2(Lr) ST-4 Stable 31-Dec-14

1274 Starling Rinse Effect Ltd. Textile Surveillance A3 - ST-3 Stable 31-Jan-15

1275 Steam & Diesel International Ltd. Miscellaneous Surveillance - BB2(Lr) ST-4 - 31-Mar-14

1276 Steel & Cement Corporation Trading Surveillance - - ST-3 - 13-Sep-14

1277 Sterling Designs Ltd. Textile Surveillance BBB2 - ST-3 Stable 7-Dec-14

1278 STS Holdings Ltd. Healthcare Surveillance A1 A1(Lr) ST-3 Positive 31-Mar-14

1279 Suman Enterprise Trading Initial Rating - BB1(Lr) - - 30-Dec-14

1280 Sumi Printing & Weaving Industries (Pvt) Ltd. Printing & Packaging Initial Rating - BB3(Lr) ST-4 - 4-Dec-14

1281 Summit Alliance Port Ltd. Container Initial Rating A1 A1(Lr) ST-3 Stable 30-Dec-14

1282 Sumon Traders Trading Initial Rating - BBB3(Lr) ST-1 - 27-Apr-14

1283 Sunny Enterprise Trading Initial Rating - - ST-3 - 10-May-14

1284 Super Thai Plastic Ltd. Plastics Surveillance BB1 BB1(Lr) ST-4 Stable 30-Jun-14

1285 Supershine Apparel Ltd. Textile Initial Rating - - ST-1, ST-4 - 11-Sep-14


30




1286 Supti Sweater Ltd. Textile Initial Rating BB2 BB2(Lr) - Stable 17-Jun-14

1287 Suravi Traders Trading Initial Rating - BB1(Lr) - - 1-Dec-14

1288 Surma Enterprise Trading Initial Rating - - ST-4 - 30-Jun-14

1289 Surma Oil Mills Food & Allied Initial Rating - BB1(Lr) - - 30-Apr-14

1290 Surma Petroleum Lubricant Surveillance - BBB3(Lr) ST-3 - 30-Nov-14

1291 Suvastu Development Ltd. Real Estate Surveillance A3 A3(Lr) ST-3 Stable 1-Apr-14

1292 Suvechcha Banijya Trading Initial Rating - - ST-4 - 29-May-14

1293 Swan Jeans Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Mar-14

1294 Syed Miah Trading Initial Rating - - ST-4 - 12-Mar-15

1295 T M Auto Rice Mill Rice Mill Initial Rating - BB2(Lr) ST-4 - 30-Dec-14

1296 T P C Bricks Brick Initial Rating - BB1(Lr) - - 30-Oct-14

1297 T R Textile Mills (Pvt) Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-14

1298 Taher Food Industries Food & Allied Surveillance - - ST-4 - 22-May-14

1299 Tahmid Auto Rice Mills Rice Mill Initial Rating - BB1(Lr) - - 30-Oct-14

1300 Taj Plastic Industries Plastics Surveillance - BB1(Lr) ST-4 - 30-Jun-14

1301 Taj Trading Trading Surveillance - BB1(Lr) ST-4 - 30-Jun-14

1302 Talukder Plastic Industries Ltd. Plastics Initial Rating BB3 BB3(Lr) ST-4 Negative 23-Dec-14

1303 Talukder uPVC Fittings Ltd. Plastics Initial Rating BB3 BB3(Lr) ST-4 Negative 23-Dec-14

1304 Tamanna Enterprise Trading Initial Rating - BB3(Lr) - - 12-Mar-15

1305 Tamanna Ltd. Trading Surveillance - BBB2(Lr) ST-4 - 31-May-14

1306 Tamanna Sweaters Ltd. Textile Surveillance - BB2(Lr) ST-4 10-Apr-14

1307 Tampaco Foils Ltd. Paper Surveillance A1 A1(Lr) ST-3 Stable 30-Sep-14

1308 Tanayabi Enterprise Trading Initial Rating - BB1(Lr) - - 18-Feb-15

1309 Tanveer Enterprise Trading Initial Rating - BB1(Lr) - - 29-May-14

1310 Tapash Traders Trading Initial Rating - BBB3(Lr) ST-3 - 23-Sep-14

1311 Tara Spinning Mills Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-4 Stable 28-Nov-14

1312 Tarasima Apparels Ltd. Textile Initial Rating - A3(Lr) ST-3 - 30-Nov-14

1313 Taratex (BD) Ltd. Textile Initial Rating - BBB3(Lr) ST-3 - 6-Nov-14

1314 Tarif Auto Flour Mills Food & Allied Initial Rating - BB1(Lr) - - 17-Dec-14

1315 Tasnim Properties Ltd. Real Estate Initial Rating BB1 - - Stable 31-May-14

1316 Tawheed Plastic Industries Plastics Initial Rating - BB3(Lr) ST-4 - 29-Dec-14

1317 Tech Squad Trading Initial Rating - - ST-3 - 30-Sep-14

1318 Techven Properties Ltd. Real Estate Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-14

1319 Teco Electronics Trading Initial Rating - BB1(Lr) - - 26-Jun-14

1320 Teen Tara Enterprise Trading Initial Rating - BB1(Lr) - - 6-Nov-14

1321 Tex Tailor Export (BD) Ltd. Textile Initial Rating - - ST-3 - 11-Dec-14

1322 Texcomm Exports Ltd. Textile Initial Rating - BBB3(Lr) - - 13-Nov-14

1323 Textile Horizon Ltd. Textile Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

1324 Thakral Information System Pvt. Ltd. ICT Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Sep-14

1325 That's It Knit Ltd. Textile Surveillance AA2 AA2(Lr) ST-2 Stable 30-Sep-14

1326 The AB Marketing & Distribution Trading Surveillance - BB1(Lr) ST-3 - 30-Apr-14

1327 The ACME Laboratories Ltd. Pharmaceutical Surveillance AA2 AA2(Lr) ST-1 Positive 30-Jun-14

1328 The Aristocrat Agro Ltd.-Auto Rice Mill Rice Mill Surveillance - BB3(Lr) - - 11-Jul-14


31




1329 The Civil Engineers Ltd. Engineering Surveillance BBB1 BBB1(Lr) ST-3 Stable 23-May-14

1330 The Electric View Trading Surveillance - - ST-3 - 30-Jun-14

1331 The Immaculate (Pvt.) Ltd. Textile Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-14

1332 The Immaculate Accessories Ltd. Textile Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-14

1333 The Immaculate Apparels Ltd. Textile Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-14

1334 The Immaculate Exports Ltd. Textile Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-14

1335 The Immaculate Textiles Ltd. Textile Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-14

1336 The Metal (Pvt.) Ltd. Trading Surveillance BBB3 BBB3(Lr) ST-4 Negative 30-Jun-14

1337 The New Abul Stone Crushing Industries Stone Crushing Surveillance - - ST-3 - 30-Nov-14

1338 The Peninsula Chittagong Ltd. Tourism & Hospitality Surveillance AA3 AA3(Lr) ST-1 Positive 30-Jun-14

1339 The Pipeline Engineers & Associates Ltd. Construction Surveillance - AA3(Lr) ST-3 - 28-Feb-15

1340 The Rani Re-Rolling Mills Ltd. Steel Surveillance BBB2 BBB2(Lr) ST-4 Stable 28-Dec-14

1341 The Rose Dresses Ltd. Textile Surveillance A3 - ST-3 Stable 31-Jan-15

1342 The Well Tex Ltd. Textile Initial Rating - B3 (Lr) ST-5 - 13-Nov-14

1343 Time Power Engineering Ltd. Engineering Surveillance BBB3 - - Stable 5-Jun-14

1344 Tip Top Fashions Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 18-Apr-14

1345 Tithi Textile Mills (Pvt) Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-14

1346 TNTS Enterprise Trading Surveillance - BBB3(Lr) - - 20-Mar-15

1347 Tofazzal & Brothers Trading Initial Rating - - ST-3 - 4-Sep-14

1348 Tofazzal Cosmetic & Gift Shop Miscellaneous Surveillance - - ST-3 - 14-Mar-15

1349 Tokai Power Products Ltd. Engineering Surveillance BB1 BB1(Lr) ST-3 Stable 29-Jun-14

1350 Toma Concrete Ltd. Construction Surveillance - BBB2(Lr) ST-3 - 30-Dec-14

1351 Toma Construction & Co. Ltd. Construction Surveillance A3 A3(Lr) ST-3 Stable 14-Aug-14

1352 Tongi Oil Mill & Company Food & Allied Surveillance - BBB1(Lr) - - 30-Dec-14

1353 Top Jeans Ltd. Textile Initial Rating BB3(Pr) - - - 23-Jun-14

1354 Top Star Fashions Ltd. Textile Surveillance - - ST-4 - 26-Jun-14

1355 Total Agro & Aqua Culture Ltd. Agro Inputs Surveillance BB1 BB1(Lr) ST-4 Stable 30-Jun-14

1356 Toyota Auto Advance Automotive Surveillance - - ST-5 - 15-May-14

1357 Trade International Marketing Ltd. Trading Initial Rating - BB3(Lr) ST-4 - 29-Dec-14

1358 Transonic Communications Ltd. ICT Surveillance - BBB3(Lr) ST-3 - 18-Apr-14

1359 Trisha Flour Mill Food & Allied Surveillance - BB2(Lr) ST-4 - 31-May-14

1360 Trouser World (Pvt.) Ltd. Textile Initial Rating - B1(Lr) ST-5 - 23-Dec-14

1361 TSF Corporation Trading Initial Rating - B1(Lr) ST-5 - 17-Dec-14

1362 TSN Online IGW Initial Rating - BB3(Lr) - - 30-Dec-14

1363 Tulagaon Fashions Ltd. Textile Surveillance AA3 - ST-2 Stable 7-Dec-14

1364 Tulip Enterprise Trading Surveillance - - ST-3 - 30-Jun-14

1365 Tulshi Industries Rice Mill Initial Rating - BB1(Lr) ST-3 - 30-Nov-14

1366 Tung Hai Sweaters Ltd. Textile Surveillance - A3(Lr) ST-3 - 30-Dec-14

1367 Turag Garments & Hosiery Mills Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Nov-14

1368 Turjo Apparels Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 30-Dec-14

1369 Turna Enterprise Trading Initial Rating - - ST-4 - 29-Dec-14

1370 Tushar Traders & its Sister Concerns Trading Initial Rating - BBB3(Lr) - - 4-Feb-15

1371 Tushin Emporium Trading Initial Rating - BB1(Lr) - - 17-Apr-14


32




1372 Tusuka Fashions Ltd. Textile Initial Rating A3 A3(Lr) ST-3 Stable 30-Oct-14

1373 Ultra Design & Fashion Ltd. Textile Initial Rating BB2 BB2(Lr) ST-4 Stable 30-Jun-14

1374 Unicom Textile Mills Ltd. Textile Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-14

1375 Unifill Composite Dyeing Mills Ltd. Textile Initial Rating BB2 BB2(Lr) ST-4 Stable 29-Jun-14

1376 Unilliance Textiles Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 27-Jun-14

1377 Unimex Textile Mills Ltd. Textile Initial Rating - BB3(Lr) ST-4 - 29-Sep-14

1378 Unipex Trade Corporation Ltd. Food & Allied Surveillance - - ST-4 - 30-Sep-14

1379 Unique Construction Pvt Ltd. Textile Initial Rating - - ST-3 - 29-Sep-14

1380 Unique Footwear Industries Footwear Surveillance - BBB3(Lr) ST-3 - 30-Jun-14

1381 United Airways (Bangladesh) Ltd. Airways Surveillance BBB1 BBB1(Lr) ST-1, ST-3 Stable 30-Dec-14

1382 United Fashion Trousers Ltd. Textile Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-14

1383 United Ship Recycling Shipbreaking Surveillance - BB1(Lr) ST-4 - 2-Oct-14

1384 United Traders Trading Surveillance - AA3(Lr) ST-2 - 31-Dec-14

1385 Universal Menswear Ltd. Textile Initial Rating BBB1 BBB1(Lr) ST-3 Stable 14-Jan-15

1386 Universal Paper & Board Mills Ltd. Paper Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

1387 Usha Jute Spinners Ltd. Jute Surveillance BBB2 BBB2(Lr) - Stable 31-Mar-14

1388 Vai Vai & Mama Automatic Rice Industries Rice Mill Surveillance - BBB3(Lr) - - 30-Dec-14

1389 Vai Vai Rice Mill Rice Mill Initial Rating - BB1(Lr) - - 29-Sep-14

1390 Valuka Feeds Food & Allied Surveillance - BB1(Lr) - - 5-Dec-14

1391 Vastech Ltd. Trading Surveillance - BB1(Lr) ST-4 - 13-Nov-14

1392 Venus Telecom Ltd. Telecommunication Initial Rating - BBB3(Lr) ST-3 - 21-Jul-14

1393 Versatile Apparel (PVT) Ltd. Textile Surveillance - BBB3(Lr) ST-3 - 22-Oct-14

1394 Vets Farma Formulations Miscellaneous Initial Rating - BB2(Lr) ST-4 - 27-Mar-15

1395 Vitalac Diary & Food Industries Ltd. Food & Allied Initial Rating BBB2 BBB2(Lr) ST-3 Stable 30-Dec-14

1396 Viyellatex Limited Textile Surveillance AA1 AA1(Lr) ST-1 Stable 30-Dec-14

1397 Viyellatex Spinning Ltd. Textile Surveillance AA1 AA1(Lr) ST-1 Stable 30-Dec-14

1398 Vosta LMG-Karnafuly Joint Venture Consortium Ltd. Engineering Initial Rating - B1(Lr) ST-5 - 30-Jun-14

1399 VOTT Oil Refineries Ltd. Food & Allied Surveillance AA2 AA2(Lr) ST-2 Stable 31-Dec-14

1400 Wahed Steel Corporation Trading Surveillance - BB1(Lr) ST-4 - 30-Jun-14

1401 Wasco Biscuit & Bread Factory Food & Allied Surveillance - BBB1(Lr) - - 15-Dec-14

1402 Well Accessories Ltd. RMG Accessories Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-14

1403 Well Designers Ltd. Textile Surveillance BB1 - ST-4 Stable 19-Mar-15

1404 Well Dresses Ltd. Textile Surveillance BBB3 BBB3(Lr) ST-3 Stable 15-Dec-14

1405 Well Fashion Ltd. Textile Initial Rating BBB3 - ST-3 Stable 26-Mar-15

1406 Well Foods Ltd. Food & Allied Initial Rating BBB1 BBB1(Lr) ST-3 Stable 26-Jun-14

1407 Well Mart Ltd. Textile Surveillance BBB3 - ST-4 Stable 13-Mar-15

1408 Well Trade Trading Surveillance - BB2(Lr) ST-4 - 15-Dec-14

1409 Widespread Solutions Ltd. Miscellaneous Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Dec-14

1410 William Agencies Trading Initial Rating - - ST-3 - 15-May-14

1411 Winsome Knit Composite Ltd. Textile Initial Rating - - ST-3 - 30-Mar-15

1412 Woman's World Beauty Parlour Initial Rating BBB2 - - - 28-Jan-15

1413 Woodland Plywood & Particle Board Ltd. Partical Board Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Dec-14

1414 Woolsey Knit Wear Ltd. Textile Initial Rating - BB3(Lr) ST-4 - 13-Nov-14


33




1415 World Trade Trading Surveillance - - ST-4 - 30-Jun-14

1416 Y B Garments Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 30-Sep-14

1417 Yakub Food Industries Food & Allied Initial Rating - BBB3(Lr) - - 30-Nov-14

1418 Yasir Enterprise Trading Surveillance - B1(Lr) ST-5 - 18-Jun-14

1419 Yeakin Polymer Ltd. Polymer Surveillance BBB2 - ST-3 Stable 30-Dec-14

1420 Younus Cold Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

1421 Younus Fine Paper Mills Ltd. Paper Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

1422 Younus Newsprint Mill Ltd. Paper Surveillance - AA3(Lr) ST-2 - 30-Jun-14

1423 Younus Offset Paper Mills Ltd. Paper Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

1424 Younus Paper Mills Ltd. Paper Surveillance - AA3(Lr) ST-2 - 30-Jun-14

1425 Younus Specialized Cold Storage Ltd. Cold Storage Surveillance - A2(Lr) ST-3 - 30-Jun-14

1426 Younus Spinning Mills Ltd. Textile Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-14

1427 Yusuf Chemicals Industries Chemical Surveillance - - ST-3 - 25-Jul-14

1428 Zaber & Brothers Trading Initial Rating - - ST-3 - 30-Jul-14

1429 Zahed Motors & Electronics Electrical & Electronics Initial Rating - BB2(Lr) - - 30-Dec-14

1430 Zaheen Spinning Mills Ltd. Textile Surveillance - BBB3(Lr) ST-3 - 30-Jun-14

1431 Zahid Enterprise Ltd. Trading Surveillance A3 A3(Lr) ST-1, ST-3 Stable 15-Dec-14

1432 Zakir Textile Textile Surveillance - BB1(Lr) ST-4 - 30-Jun-14

1433 Zakmars Fashion Ltd. Textile Initial Rating BBB3 BBB3(Lr) ST-3 Stable 30-Nov-14

1434 Zaman Enterprise Trading Initial Rating - BBB3(Lr) - - 28-Sep-14

1435 Zaman Traders Trading Surveillance - BBB3(Lr) ST-3 - 31-Mar-14

1436 Zihan & Company (Pvt.) Ltd. Rice Mill Surveillance - BB3(Lr) - - 29-Dec-14

1437 Zihan Auto Rice Mills Ltd. Rice Mill Surveillance - BB3(Lr) - - 29-Dec-14

1438 Zillur Rahman Trading Initial Rating - - ST-3 - 30-Apr-14

1439 Zinnah Auto Rice Mill Rice Mill Initial Rating - BB3(Lr) - - 30-Mar-15

1440 Ziri Subedar Steel Re-Rolling Mills Shipbreaking Initial Rating - BB1(Lr) ST-4 - 1-Dec-14

1441 Ziska Pharmaceuticals Ltd. Pharmaceutical Surveillance BBB3 - ST-3 Stable 31-Dec-14

1442 ZSB Garments Ltd. Textile Initial Rating BB3 - ST-4 Stable 30-Mar-15

1443 Zuma Enterprise Shipbreaking Initial Rating - BB1(Lr) ST-4 - 17-Dec-14


* Short Term loans include both funded and non-funded limits.

For any clarification please contact: H S Sohrawardhi, Executive Vice President

Cell: 01713 032807, E-mail: [email protected]

Mohammed Tajul Islam, Senior Vice President & Chief Rating OfficerCell: 01713 002320, E-mail: [email protected]

Ehsanul Kabir, Vice PresidentCell: 01715 064775, E-mail: [email protected]

Mohammed Nazrul Islam Bhuiyan, Senior Analyst, Rating AdministrationCell: 01938 001099, E-mail: [email protected]

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is earlier.


34


Sl No. Name of Bank/ Financial Institution Industry Rating Type Entity Ratings Validity

(Alphabetical order) Long Term Short Term Outlook

1 AB Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

2 Al-Arafah Islami Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

3 Bank Alfalah Ltd. Bank Surveillance A2 ST-2 Stable 30-Jun-14

4 Bank Asia Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

5 BASIC Bank Ltd. Bank Surveillance A2, BBB1 ST-3 Stable 30-Jun-14

6 BRAC Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

7 Dutch-Bangla Bank Ltd. Bank Surveillance AA1 ST-1 Stable 30-Jun-14

8 HSBC Bangladesh Bank Surveillance AAA ST-1 Stable 30-Jun-15

9 IFIC Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-14

10 Jamuna Bank Ltd. Bank Surveillance A1 ST-2 Stable 30-Jun-14

11 National Bank of Pakistan Ltd.-Bangladesh Bank Surveillance BB1 ST-3 Negative 30-Jun-14

12 Prime Bank Ltd. Bank Initial Rating AA2 ST-2 Stable 30-Jun-14

13 Standard Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

14 The City Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

15 Trust Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

16 Uttara Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-14

17 Dhaka Bank Ltd.-Bond Bank-Bond Surveillance A1 - Stable 19-Mar-15

18 BRAC Bank Ltd.–Bond Bank-Bond Surveillance A1 - Stable 30-Oct-14

19 National Bank Ltd.-Bond Bank-Bond Surveillance A2 - Stable 30-Jun-14

20 The City Bank Ltd.-Bond Bank-Bond Initial Rating A1 - Stable 30-Jun-14

21 Bay Leasing & Investment Ltd. Financial Institution Surveillance BBB1 ST-3 Stable 30-Jun-14

22 DBH Finance Corporation Ltd. Financial Institution Surveillance AAA ST-1 Stable 31-Dec-14

23 Infrastructure Development Company Ltd. Financial Institution Surveillance AA1 ST-1 Positive 31-Dec-14

24 Islamic Finance & Investment Ltd. Financial Institution Surveillance A3 ST-3 Stable 30-Jun-14

25 LankaBangla Finance Ltd. Financial Institution Surveillance A2 ST-3 Stable 30-Jun-14

26 National Housing Finance & Investments Ltd. Financial Institution Surveillance A2 ST-3 Stable 30-Jun-14

27 People's Leasing & Fin. Services Ltd. Financial Institution Surveillance A2 ST-3 Stable 30-Jun-14

Sl No. Name of Merchant Bank/ Securities Firm Industry Rating Type Entity Ratings Validity


1 AB Investment Ltd. Merchant Bank Surveillance A3 - Stable 30-Jun-14

2 Trust Bank Investment Ltd. Merchant Bank Surveillance A3 - Stable 30-Jun-14

3 AB Securities Ltd. Securities Firm Surveillance A2 - Negative 30-Jun-14

4 LankaBangla Securities Ltd. Securities Firm Surveillance AA2 - Stable 30-Jun-15






35

Rating Update - March 2014(Updated up to 31 March 2014)

Sl No. Name of Insurance Industry Rating Type Entity Ratings Validity


1 Bangladesh National Insurance Co. Ltd. Insurance Surveillance BBB3 ST-3 Stable 30-Jun-14

2 Central Insurance Company Ltd. Insurance Surveillance A3 ST-3 Stable 30-Jun-14

3 Crystal Insurance Company Ltd. Insurance Surveillance BBB2 ST-3 Stable 30-Jun-14

4 Dhaka Insurance Ltd. Insurance Surveillance A3 ST-3 Stable 30-Jun-14

5 Green Delta Insurance Company Ltd. Insurance Surveillance AA1 ST-1 Stable 30-Jun-14

6 Islami Insurance Bangladesh Ltd. Insurance Surveillance BBB1 ST-3 Stable 30-Jun-14

7 Pragati Insurance Ltd. Insurance Surveillance AA1 ST-1 Stable 30-Jun-14

8 Republic Insurance Company Ltd. Insurance Surveillance BBB1 ST-3 Stable 30-Jun-14

9 Rupali Life Insurance Company Ltd. Insurance Surveillance BBB1 - Stable 30-Jun-14

10 Sandhani Life Insurance Co. Ltd. Insurance Surveillance A1 - Stable 30-Jun-14

11 Sunflower Life Insurance Co. Ltd. Insurance Surveillance BB1 - Stable 30-Jun-14

12 Sunlife Insurance Company Ltd. Insurance Surveillance BBB3 - Stable 30-Jun-14

13 Takaful Islami Insurance Ltd. Insurance Surveillance BBB1 ST-3 Stable 30-Jun-14

Sl No. Name of Micro Finance Institution Industry Name Type of Rating Entity Ratings Validity


1 Association for Development Activity (ADAMS) MFI Surveillance BBB3 - Stable 22-Jun-14

2 BRAC MFI Surveillance AAA ST-1 Stable 30-Jun-14

3 BRIDGE MFI Surveillance BB2 - Negative 22-Dec-14

4 Buro Bangladesh MFI Surveillance AA3 ST-2 Stable 22-Dec-14

5 DESHA Shechsashebi Artho-Samajik Unnyan O Manobik Kallyan SangsthaMFI Surveillance BBB2 - Negative 22-Dec-14

6 Dushtha Shasthya Kendra MFI Surveillance A3 - Stable 22-Dec-14

7 Jagorani Chakra Foundation MFI Surveillance A1 - Stable 22-Dec-14

8 Padakhep Manabik Unnayan Kendra MFI Surveillance BB1 - Stable 22-Dec-14

9 People's Oriented Program Implementation (POPI) MFI Surveillance BB1 - Stable 17-Dec-14

10 Sajida Foundation MFI Surveillance A1 ST-2 Stable 22-Dec-14

11 Samajik Seba Shanghathan MFI Initial Rating BB1 - Stable 22-Dec-14

12 Socio Economic Health Education Organization MFI Surveillance BBB3 ST-4 Stable 22-Dec-14

13 TMSS MFI Surveillance AA2 - Stable 22-Dec-14

14 United Development Initiatives for Programmed Action (UDDIPON)MFI Surveillance AA3 ST-2 Stable 22-Dec-14






36

CRAB Rating Scales and Definitions

37

Appendix 01: CRAB Rating Scales and Definitions –Corporate (Entity)

LONG TERM CREDIT RATING:CORPORATE (ENTITY)

Long Term Rating Definition

AAA

(Triple A)

Extremely Strong

Capacity &Minimal

Credit Risk

Companies rated in this category have extremely strong capacity to meet financial

commitments. These companies are judged to be of the highest quality, with minimal

credit risk.

AA1, AA2, AA3*

(Double A)

Very Strong Capacity

&Very Low Credit Risk

Companies rated in this category have very strong capacity to meet financial

commitments. These companies are judged to be of very high quality, subject to very

low credit risk.

A1, A2, A3

(Single A)

Strong Capacity &

LowCredit Risk

Companies rated in this category have strong capacity to meet financial commitments,

but are susceptible to the adverse effects of changes in circumstances and economic

conditions. These companies are judged to be of high quality, subject to low credit

risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Moderate Credit Risk

Companies rated in this category have adequate capacity to meet financial

commitments but more susceptible to adverse economic conditions or changing

circumstances. These companies are subject to moderate credit risk. Such companies

possess certain speculative characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity &

Substantial Credit Risk

Companies rated in this category have inadequate capacity to meet financial

commitments. Have major ongoing uncertainties and exposure to adverse business,

financial, or economic conditions. These companies have speculative elements,

subject to substantial credit risk.

B1, B2, B3

(Single B)

Weak Capacity & High

Credit Risk

Companies rated in this category have weak capacity to meet financial commitments.

These companies have speculative elements, subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)

Very Weak Capacity &

Very High Credit Risk

Companies rated in this category have very weak capacity to meet financial

obligations. These companies have very weak standing and are subject to very high

credit risk.

CC

(Double C)

Extremely Weak

Capacity & Extremely

High Credit Risk

Companies rated in this category have extremely weak capacity to meet financial

obligations. These companies are highly speculative and are likely in, or very near,

default, with some prospect of recovery of principal and interest.

C

(Single C)

Near to Default

Companies rated in this category are highly vulnerable to non-payment, have payment

arrearages allowed by the terms of the documents, or subject of bankruptcy petition,

but have not experienced a payment default. Payments may have been suspended in

accordance with the instrument's terms. These companies are typically in default, with

little prospect for recovery of principal or interest.

D

Default

D rating will also be used upon the filing of a bankruptcy petition or similar action if

payments on an obligation are jeopardized.

*Note: CRAB appends numerical modifiers 1, 2, and 3 to each generic rating classification from AA through CCC.

The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2

indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating

category.


38

Appendix 02: CRAB Rating Scales and Definitions –Corporate (Long Term Loan)

LONG TERM CREDIT RATING: LOANS/FACILITIES FROM BANK/FI

(All loans/facilities with original maturity exceeding one year)

Long Term Ratings Definition

AAA (Lr)

(Triple A)

Highest Safety

Loans/facilities rated AAA (Lr) are judged to offer the highest degree of safety, with

regard to timely payment of financial obligations. Any adverse changes in

circumstances are unlikely to affect the payments on the loan facility.

AA (Lr)*

(Double A)

High Safety

Loans/facilities rated AA (Lr) are judged to offer a high degree of safety, with regard to

timely payment of financial obligations. They differ only marginally in safety from AAA

(Lr) rated facilities.

A (Lr)

(Single A)

Adequate Safety

Loan/facilities rated A (Lr) are judged to offer an adequate degree of safety, with

regard to timely payment of financial obligations. However, changes in circumstances

can adversely affect such issues more than those in the higher rating categories.

BBB (Lr)

(Triple B)

Moderate Safety

Loans/facilities rated BBB (Lr) are judged to offer moderate safety, with regard to

timely payment of financial obligations for the present; however, changing

circumstances are more likely to lead to a weakened capacity to pay interest and repay

principal than for issues in higher rating categories.

BB (Lr)

(Double B)

Inadequate Safety

Loans/facilities rated BB (Lr) are judged to carry inadequate safety, with regard to

timely payment of financial obligations; they are less likely to default in the immediate

future than instruments in lower rating categories, but an adverse change in

circumstances could lead to inadequate capacity to make payment on financial

obligations.

B (Lr)

(Single B)

High Risk

Loans/facilities rated B (Lr) are judged to have high risk of default; while currently

financial obligations are met, adverse business or economic conditions would lead to

lack of ability or willingness to pay interest or principal.

CCC (Lr)

(Triple C)

Very High Risk

Loans/facilities rated CCC (Lr) are judged to have factors present that make them very

highly vulnerable to default; timely payment of financial obligations is possible only if

favorable circumstances continue.

CC (Lr)

(Double C)

Extremely High Risk

Loans/facilities rated CC (Lr) are judged to be extremely vulnerable to default; timely

payment of financial obligations is possible only through external support.

C (Lr)

(Single C)

Near to Default

Loans/facilities rated C (Lr) are currently highly vulnerable to non-payment, having

obligations with payment arrearages allowed by the terms of the documents, or

obligations that are subject of a bankruptcy petition or similar action but have not

experienced a payment default. C is typically in default, with little prospect for

recovery of principal or interest. C (Lr) are typically in default, with little prospect for

recovery of principal or interest.

D (Lr)

Default

Loans/facilities rated D (Lr) are in default or are expected to default on scheduled

payment dates.




category.


39

Appendix 03: CRAB Rating Scales and Definitions –Corporate (Short Term Loan)

SHORT TERM CREDIT RATING: LOANS/FACILITIES OF BANK/FI

(All loans/facilities with original maturity within one year)

Short Term Ratings Definition

ST-1

Highest Grade

This rating indicates that the degree of safety regarding timely payment on the

loans/facilities is very strong.

ST-2

High Grade


loans/facilities is strong; however, the relative degree of safety is lower than that for

issues rated higher.

ST-3

Adequate Grade


loans/facilities is adequate; however, the issues are more vulnerable to the adverse effects

of changing circumstances than issues rated in the two higher categories.

ST-4

Marginal


loans/facilities is marginal; and the issues are quite vulnerable to the adverse effects of

changing circumstances.

ST-5

Inadequate Grade


loans/facilities is minimal, and it is likely to be adversely affected by short-term adversity

or less favorable conditions.

ST-6

Lowest Grade

This rating indicates that the loans/facilities are expected to be in default on maturity or

is in default.

© Copyright 2014, CREDIT RATING AGENCY OF BANGLADESH LIMITED ("CRAB"). All rights reserved. ALL

INFORMATION CONTAINED HEREIN IS PROTECTED BY COPYRIGHT LAW AND NONE OF SUCH INFORMATION MAY BE

COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED,

REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN

ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT CRAB’S PRIOR WRITTEN

CONSENT. All information contained herein is obtained by CRAB from sources believed by it to be accurate and

reliable. Because of the possibility of human or mechanical error as well as other factors, however, such information

is provided “as is” without warranty of any kind and CRAB, in particular, makes no representation or warranty,

express or implied, as to the accuracy, timeliness, completeness, merchantability or fitness for any particular

purpose of any such information. Under no circumstances shall CRAB have any liability to any person or entity for (a)

any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or

other circumstance or contingency within or outside the control of CRAB or any of its directors, officers, employees

or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication,

publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or

incidental damages whatsoever (including without limitation, lost profits), even if CRAB is advised in advance of the

possibility of such damages, resulting from the use of or inability to use, any such information. The credit ratings

and financial reporting analysis observations, if any, constituting part of the information contained herein are, and

must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell

or hold any securities. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS,

MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR

INFORMATION IS GIVEN OR MADE BY CRAB IN ANY FORM OR MANNER WHATSOEVER. Each rating or other opinion

must be weighed solely as one factor in any investment decision made by or on behalf of any user of the information

contained herein, and each such user must accordingly make its own study and evaluation of each security and of

each issuer and guarantor of, and each provider of credit support for, each security that it may consider purchasing,

holding or selling.


40

Appendix 04: CRAB Rating Scales and Definitions –Banks(Long Term)

LONG TERM CREDIT RATING: BANK


AAA

(Triple A)

Extremely Strong

Capacity & Highest

Quality

Commercial Banks rated 'AAA' have extremely strong capacity to meet their financial

commitments. 'AAA' is the highest issuer credit rating assigned by CRAB. AAA is judged

to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

Double A


& Very High Quality

Commercial Banks rated 'AA' have very strong capacity to meet their financial

commitments. They differ from the highest-rated Commercial Banks only to a small

degree. AA is judged to be of very high quality and is subject to very low credit risk.

A1, A2, A3

(Single A)

(Strong Capacity &

High Quality)

Commercial Banks rated 'A' have strong capacity to meet their financial commitments but

are somewhat more susceptible to the adverse effects of changes in circumstances and

economic conditions than Commercial Banks in higher-rated categories. A is judged to

be of high quality and are subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Medium Quality

Commercial Banks rated 'BBB' have adequate capacity to meet their financial

commitments. However, adverse economic conditions or changing circumstances are

more likely to lead to a weakened capacity of the Commercial Banks to meet their

financial commitments. BBB is subject to moderate credit risk.

BB1, BB2, BB3

(Double B)

Inadequate Capacity

& Substantial Credit

Risk

Commercial Banks rated 'BB' are less vulnerable in the near term than other lower-rated

Commercial Banks. However, they faces major ongoing uncertainties and exposure to

adverse business, financial, or economic conditions, which may lead to the Commercial

Bank’s inadequate capacity to meet their financial commitments. BB is judged to have

speculative elements and is subject to substantial credit risk.

B1, B2, B3

(Single B)


Credit Risk

Commercial Banks rated 'B' are more vulnerable than the Commercial Banks rated 'BB',

but the Commercial Banks currently have the capacity to meet their financial

commitments. Adverse business, financial, or economic conditions are likely to impair

the Banks’ capacity or willingness to meet their financial commitments. B is considered

speculative and weak capacity and is subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)



Commercial Banks rated 'CCC' are currently vulnerable, and are dependent on favorable

business, financial, and economic conditions to meet their financial commitments. CCC

is judged to be of very weak standing and is subject to very high credit risk.

CC

(Double C)

Extremely Weak


High Credit Risk

Commercial Banks rated 'CC' are currently highly vulnerable. CC is highly speculative and

is likely in, or very near, default, with some prospect of recovery of principal and interest.

C

(Single C)

Near to Default

A 'C' rating is assigned to Banks that are currently highly vulnerable to non-payment of

obligations, or in the verge of default or faced with insolvency petition or bankruptcy

petition or similar actions, but have not yet experienced a payment default with external

support.

D

Default

'D' is in default. The 'D' rating also will be used upon the filing of a bankruptcy petition

or the taking of a similar action if payments on an obligation are jeopardized.




category.


41

Appendix 05: CRAB Rating Scales and Definitions –Banks(Short Term)

SHORTTERM CREDIT RATING: BANK


ST-1

Highest Grade

Commercial Banks rated in this category are considered to have the highest capacity for

timely repayment of obligations. Commercial Banks rated in this category are characterised

with excellent position in terms of liquidity, internal fund generation, and access to

alternative sources of funds.

ST-2

High Grade

Commercial Banks rated in this category are considered to have strong capacity for timely

repayment. Commercial Banks rated in this category are characterised with commendable

position in terms of liquidity, internal fund generation, and access to alternative sources of

funds.

ST-3

Average Grade

Commercial Banks rated in this category are considered to average capacity for timely

repayment of obligations, although such capacity may impair by adverse changes in

business, economic, or financial conditions. Commercial Banks rated in this category are

characterised with satisfactory level of liquidity, internal fund generation, and access to


ST-4

Below Average

Grade

Commercial Banks rated in this category are considered to have below average capacity for

timely repayment of obligations. Such capacity is highly susceptible to adverse changes in

business, economic, or financial conditions than for obligations in higher categories.

Commercial Banks rated in this category are characterised with average liquidity, internal

fund generation, and access to alternative sources of funds.

ST-5

Inadequate Grade

Commercial Banks rated in this category are considered to have inadequate capacity for

timely repayment of obligations susceptible to adverse changes in business, economic, or

financial conditions. Commercial Banks rated in this category are characterised with risky

position in terms of liquidity, internal fund generation, and access to alternative sources of

funds.

ST-6

Lowest Grade

Commercial Banks rated in this category are considered to have obligations which have a

high risk of default or which are currently in default. Commercial Banks rated in this

category are characterised with risky position in terms of liquidity, internal fund

generation, and access to alternative sources of funds.

© Copyright 2014, CREDIT RATING AGENCY OF BANGLADESH LIMITED ("CRAB"). All rights reserved. ALL INFORMATION

CONTAINED HEREIN IS PROTECTED BY COPYRIGHT LAW AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE

REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR

STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY

MEANS WHATSOEVER, BY ANY PERSON WITHOUT CRAB’S PRIOR WRITTEN CONSENT. All information contained herein is

obtained by CRAB from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical

error as well as other factors, however, such information is provided “as is” without warranty of any kind and CRAB, in

particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness, completeness,

merchantability or fitness for any particular purpose of any such information. Under no circumstances shall CRAB have any

liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any

error (negligent or otherwise) or other circumstance or contingency within or outside the control of CRAB or any of its

directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation,

communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential,

compensatory or incidental damages whatsoever (including without limitation, lost profits), even if CRAB is advised in

advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The credit

ratings and financial reporting analysis observations, if any, constituting part of the information contained herein are, and

must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold

any securities. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY

OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE

BY CRAB IN ANY FORM OR MANNER WHATSOEVER. Each rating or other opinion must be weighed solely as one factor in any

investment decision made by or on behalf of any user of the information contained herein, and each such user must

accordingly make its own study and evaluation of each security and of each issuer and guarantor of, and each provider of

credit support for, each security that it may consider purchasing, holding or selling.


42

Appendix 06: CRAB Rating Scales and Definitions –Financial Institutions (Long Term)

LONGTERM CREDIT RATING: FINANCIAL INSTITUTIONS


AAA

(Triple A)

Extremely Strong

Capacity & Highest

Quality

Financial Institutions rated 'AAA' have extremely strong capacity to meet their financial

commitments. 'AAA' is the highest issuer credit rating assigned by CRAB. AAA is judged

to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

(Double A)


& Very High Quality

Financial Institutions rated 'AA' have very strong capacity to meet their financial

commitments. They differ from the highest-rated Financial Institutions only to a small

degree. AA is judged to be of very high quality and is subject to very low credit risk.

A1, A2, A3

(Single A)

Strong Capacity &

High Quality

Financial Institutions rated 'A' have strong capacity to meet their financial commitments

but are somewhat more susceptible to the adverse effects of changes in circumstances

and economic conditions than Financial Institutions in higher-rated categories. A is

judged to be of high quality and are subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Medium Quality

Financial Institutions rated 'BBB' have adequate capacity to meet their financial

commitments. However, adverse economic conditions or changing circumstances are

more likely to lead to a weakened capacity of the Financial Institutions to meet their

financial commitments. BBB rated FIs are subject to moderate credit risk. They are

considered medium-grade and as such may possess certain speculative characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity &

Substantial Credit Risk

Financial Institutions rated 'BB' are less vulnerable in the near term than other lower-rated

Financial Institutions. However, they face major ongoing uncertainties and exposure to

adverse business, financial, or economic conditions, which might lead to inadequate

capacity to meet their financial commitments. BB is judged to have speculative elements

and is subject to substantial credit risk.

B1, B2, B3

(Single B)


Credit Risk

Financial Institutions rated 'B' are more vulnerable than the Financial Institutions rated

'BB', but the Financial Institutions currently have the capacity to meet their financial

commitments. Adverse business, financial, or economic conditions are likely to impair the

capacity or willingness to meet their financial commitments. B is considered speculative

and weak capacity and is subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)



Financial Institutions rated 'CCC' are currently vulnerable, and are dependent upon

favourable business, financial, and economic conditions to meet their financial

commitments. CCC is judged to be of very weak standing and is subject to very high

credit risk.

CC

(Double C)

Extremely Weak


High Credit Risk

Financial Institutions rated 'CC' are currently highly vulnerable. CC is highly speculative

and is likely in, or very near, default, with some prospect of recovery of principal and

interest.

C

(Single C)

Near to Default

A 'C' rating is assigned to Financial Institutions that are currently highly vulnerable to

non-payment, having obligations with payment arrearages allowed by the terms of the

documents, or obligations that are subject of a bankruptcy petition or similar action but

have not experienced a payment default. C is typically in default, with little prospect for

recovery of principal or interest.

D

Default

'D' is in default. The 'D' rating also will be used upon the filing of a bankruptcy petition or

the taking of a similar action if payments on an obligation are jeopardized.




category.


43

Appendix 07: CRAB Rating Scales and Definitions –Financial Institutions (Short Term)

SHORTTERM CREDIT RATING: FINANCIAL INSTITUTIONS


ST-1

Highest Grade

Financial Institutions rated in this category are considered to have the highest capacity

for timely repayment of obligations. Financial Institutions rated in this category are

characterised with excellent position in terms of liquidity, internal fund generation, and

access to alternative sources of funds.

ST-2

High Grade

Financial Institutions rated in this category are considered to have strong capacity for

timely repayment. Financial Institutions rated in this category are characterised with

commendable position in terms of liquidity, internal fund generation, and access to


ST-3

Average Grade

Financial Institutions rated in this category are considered to average capacity for timely

repayment of obligations, although such capacity may impair by adverse changes in

business, economic, or financial conditions. Financial Institutions rated in this category

are characterised with satisfactory level of liquidity, internal fund generation, and access

to alternative sources of funds.

ST-4

Below Average Grade

Financial Institutions rated in this category are considered to have below average

capacity for timely repayment of obligations. Such capacity is highly susceptible to

adverse changes in business, economic, or financial conditions than for obligations in

higher categories. Financial Institutions rated in this category are characterised with

average liquidity, internal fund generation, and access to alternative sources of funds.

ST-5

Inadequate Grade

Financial Institutions rated in this category are considered to have inadequate capacity

for timely repayment of obligations susceptible to adverse changes in business,

economic, or financial conditions. Financial Institutions rated in this category are

characterised with risky position in terms of liquidity, internal fund generation, and

access to alternative sources of funds.

ST-6

Lowest Grade

Financial Institutions rated in this category are considered to have obligations which have

a high risk of default or which are currently in default. Financial Institutions rated in this

category are characterised with risky position in terms of liquidity, internal fund

generation, and access to alternative sources of funds.

























44

Appendix 08: CRAB Rating Scales and Definitions –Insurance(Long Term)

LONGTERM CREDIT RATING: INSURANCE


AAA

(Triple A)

Extremely Strong

Financial Security

Insurance Companies rated ‘AAA’ have EXTREMELY STRONG financial security

characteristics. ‘AAA’ is the highest Insurer Financial Strength Rating assigned by CRAB.

AA1, AA2, AA3*

(Double A)

Very Strong Financial

Security

Insurance Companies rated ‘AA’ has VERY STRONG financial security characteristics,

differing only slightly from those rated higher.

A1, A2, A3

(Single A)

Strong Financial

Security

Insurance Companies rated ‘A’ have STRONG financial security characteristics, but are

somewhat more likely to be affected by adverse business conditions than Insurers with

higher ratings.

BBB1, BBB2, BBB3

(Triple B)

Good Financial

Security

Insurance Companies rated ‘BBB’ have GOOD financial security characteristics, but are

more likely to be affected by adverse business conditions than higher rated insurers.

BB1, BB2, BB3

(Double B)

Marginal Financial

Security

Insurance Companies rated ‘BB’ have MARGINAL financial security characteristics.

Positive attributes exist, but adverse business conditions could lead to insufficient ability

to meet financial commitments.

B1, B2, B3

(Single B)

Weak Financial

Security

Insurance Companies rated ‘B’ have WEAK financial security characteristics. Adverse

business conditions are likely to impair their ability to meet financial commitments.

CCC1, CCC2, CCC3

(Triple C)

Very Weak Financial

Security

Insurance Companies rated ‘CCC’ have VERY WEAK financial security characteristics, and

are dependent on favorable business conditions to meet financial commitments.

CC

(Double C)

Extremely Weak

Financial Security

Insurance Companies rated ‘CC’ have EXTREMELY WEAK financial security characteristics

and are likely not to meet some of their financial commitments.

C

(Single C)

Near to Default

A 'C' rating is assigned to insurance companies that are currently highly vulnerable to

non-payment, having obligations with payment arrearages allowed by the terms of the

documents, or have obligations subject of a bankruptcy petition or similar action though

have not experienced a payment default. C is typically in default, with little prospect for

meeting its financial commitments.

D

Default

'D' is assigned to insurance companies which are in DEFAULT. The 'D' rating also will be

used upon the filing of a bankruptcy petition or the taking of a similar action if payments

on an obligation are jeopardized.




category.


45

Appendix 09: CRAB Rating Scales and Definitions –Insurance (Short Term)

SHORT TERM CREDIT RATING: INSURANCE


ST-1

Insurance companies rated ‘ST 1’ have STRONG ability to meet their financial

commitments on short-term policy obligations. They are rated in the highest category

by CRAB.

ST-2

Insurance companies rated ‘ST 2’ have a GOOD ability to meet their financial

commitments on short-term policy obligations. However, they are somewhat more

susceptible to the adverse effects of changes in circumstances and economic conditions

than insurers in the highest rating category.

ST-3

Insurance Companies rated ‘ST 3’ have an ADEQUATE ability to meet their financial

commitments on short-term policy obligations. However, adverse economic conditions

or changing circumstances are more likely to lead to a weakened ability of the insurers

to meet their financial obligations.

ST-4

Insurance Companies rated ‘ST 4’ are regarded as VULNERABLE and has significant

speculative characteristics. The insurance companies currently have the ability to meet

their financial commitments on short-term policy obligations; however, they may be

facing major ongoing uncertainties which can lead to the insurer’s inadequate ability to

meet their financial obligations.

ST-5

Insurance Companies rated ‘ST 5’ are regarded as CURRENTLY VULNERABLE to non-

payment and are dependent upon favorable business, financial, and economic

conditions for them to meet their financial commitments on short-term policy

obligations.

ST -6Insurance Companies rated ‘ST 6’ are considered to have Obligations which have a high

risk of DEFAULT or which are currently in default.

























46

Appendix 10: CRAB Rating Scales and Definitions –Debt Instruments (Long Term)

LONG TERM CREDIT RATING: DEBT INSTRUMENTS


AAA

(Triple A)

Extremely Strong

Capacity

Debt instruments rated 'AAA' have extremely strong capacity to meet financial

commitments. These are judged to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

(Double A)


Debt instruments rated 'AA' have very strong capacity to meet financial commitments.

These are judged to be of very high quality, subject to very low credit risk.

A1, A2, A3

(Single A)

Strong Capacity

Debt instruments rated 'A' have strong capacity to meet financial commitments, but

susceptible to the adverse effects of changes in circumstances and economic

conditions. These are judged to be of high quality, subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity

Debt instruments rated 'BBB' have adequate capacity to meet financial commitments but

more susceptible to adverse economic conditions or changing circumstances. They are

subject to moderate credit risk. Such rated projects possess certain speculative

characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity

Debt instruments rated 'BB' have inadequate capacity to meet financial commitments.

They have major ongoing uncertainties and exposure to adverse business, financial, or

economic conditions. Such projects have speculative elements, and are subject to

substantial credit risk.

B1, B2, B3

(Single B)

Weak Capacity

Debt instruments rated 'B' have weak capacity to meet financial commitments. They

have speculative elements and are subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)

Very Weak Capacity

Debt instruments rated 'CCC' have very weak capacity to meet financial obligations.

They have very weak standing and are subject to very high credit risk.

CC

(Double C)

Extremely Weak

Capacity

Debt instruments rated 'CC' have extremely weak capacity to meet financial obligations.

They are highly speculative and are likely in, or very near, default, with some prospect

of recovery of principal and interest.

C

(Single C)

Near to Default

Debt instruments rated 'C' are highly vulnerable to non-payment, have payment

arrearages allowed by the terms of the documents, or subject of bankruptcy petition,

but have not experienced a payment default. Payments may have been suspended in

accordance with the instrument's terms. They are typically in default, with little prospect

for recovery of principal or interest.

D

Default

'D' rating will also be used upon the filing of a bankruptcy petition or similar action if





category.


47

Appendix 11: CRAB Rating Scales and Definitions –Project Finance (Long Term)

LONG TERM CREDIT RATING:PROJECT FINANCE


AAA

(Triple A)

Extremely Strong

Capacity &Minimal

Credit Risk

Projects rated 'AAA' have extremely strong capacity to meet financial commitments.

These are judged to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

(Double A)


&Very Low Credit Risk

Projects rated 'AA' have very strong capacity to meet financial commitments. These are

judged to be of very high quality, subject to very low credit risk.

A1, A2, A3

(Single A)

Strong Capacity &

Low Credit Risk

Projects rated 'A' have strong capacity to meet financial commitments, but susceptible to

the adverse effects of changes in circumstances and economic conditions. These are

judged to be of high quality, subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Moderate Credit Risk

Projects rated 'BBB' have adequate capacity to meet financial commitments but more

susceptible to adverse economic conditions or changing circumstances. They are subject

to moderate credit risk. Such rated projects possess certain speculative characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity

& Substantial Credit

Risk

Projects rated 'BB' have inadequate capacity to meet financial commitments. They have

major ongoing uncertainties and exposure to adverse business, financial, or economic

conditions. Such projects have speculative elements, and are subject to substantial credit

risk.

B1, B2, B3

(Single B)


Credit Risk

Projects rated 'B' have weak capacity to meet financial commitments. They have

speculative elements and are subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)



Projects rated 'CCC' have very weak capacity to meet financial obligations. They have very

weak standing and are subject to very high credit risk.

CC

(Double C)

Extremely Weak


High Credit Risk

Projects rated 'CC' have extremely weak capacity to meet financial obligations. They are

highly speculative and are likely in, or very near, default, with some prospect of recovery

of principal and interest.

C

(Single C)

Near to Default

Projects rated 'C' are highly vulnerable to non-payment, have payment arrearages allowed

by the terms of the documents, or subject of bankruptcy petition, but have not

experienced a payment default. Payments may have been suspended in accordance with

the instrument's terms. They are typically in default, with little prospect for recovery of

principal or interest.

D

Default

'D' rating will also be used upon the filing of a bankruptcy petition or similar action if





category.

Appendix 12: CRAB Rating Scales and Definitions –SME


48

Rating Rating Definition

CRAB-SE 1/ME 1 The highest credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 2/ME 2 The high credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 3/ME 3 The adequate credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 4/ME 4 The moderate credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 5/ME 5 The inadequate credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 6/ME 6 The risk prone credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 7/ME 7 The poor credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 8/ME 8 The lowest credit-quality rating assigned by CRAB to an SE/ME

Phone: 8802 9571497,

CRAB

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Corporate Office:Sena Kalayan Bhaban (SKB)

Level: 16, Suite: 1601 & 1602195 Motijheel C/A, Dhaka 1000, Bangladesh

Phone: 8802 9571497, 9571238, 7175368, 7125439, 7118615Fax: 8802 9563837

Email: [email protected]: www.crab.com.bd, www.crabrating.com

Chittagong Office:Excel SM Tower, Ground Floor

62, Zakir Hossain Road(Garibulla Shah Mazar Road)

GEC, KhulshiPhone: 88031 632021, 632022, Fax: 88031

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Corporate Office:Sena Kalayan Bhaban (SKB)

Level: 16, Suite: 1601 & 1602195 Motijheel C/A, Dhaka 1000, Bangladesh

9571238, 7175368, 7125439, 7118615Fax: 8802 9563837

Email: [email protected]: www.crab.com.bd, www.crabrating.com

Chittagong Office:Excel SM Tower, Ground Floor

62, Zakir Hossain Road(Garibulla Shah Mazar Road)

GEC, Khulshi, Chittagong88031 632023

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