rating update - september 2015 · 2019-01-09 · rating update - september 2015 (update up to 30...

RRR AAA TTT III NNN GGG UUU PPP DDD

CCC rrr eee ddd iii ttt RRR aaa ttt iii nnn ggg AAA ggg eee

AAA

BBB1

A3

AA2

CCC1

BB2

DAAA TTT EEE --- SSS EEE PPP TTT EEE MMM BBB EEE RRR

eee nnn ccc yyy ooo fff BBB aaa nnn ggg lll aaa ddd eee sss hhh LLL iii

R 222 000 111 555

iii mmm iii ttt eee ddd

(i)

TABLE OF CONTENT

Page #

List of Corporate and SME 01-46

List of Banks and Financial Institutions 47-47

List of Insurances 48-48

List of Micro Finance Institutions (MFIs) 48-48

Appendices: CRAB Rating Scales and Definitions

Appendix 01: Long Term Credit Rating: Corporate (Entity) 49-49

Appendix 02: Long Term Credit Rating: Corporate (Long Term Loan) 50-50

Appendix 03: Short Term Credit Rating: Corporate (Short Term Loan) 51-51

Appendix 04: Long Term Credit Rating: Bank 52-52

Appendix 05: Short Term Credit Rating: Bank 53-53

Appendix 06: Long Term Credit Rating: Financial Institutions 54-54

Appendix 07: Short Term Credit Rating: Financial Institutions 55-55

Appendix 08:Long Term Credit Rating: Insurance 56-56

Appendix 09: Short Term Credit Rating: Insurance 57-57

Appendix 10: Long Term Credit Rating: Debt Instruments 58-58

Appendix 11: Long Term Credit Rating: Project Finance 59-59

Appendix 18: CRAB Rating Scales and Definitions –SME 60-60

Rating Update - September 2015 (Update up to 30 September 2015)

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

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

Corporate and SME

1 1 Asia Communication Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 14-Mar-16

2 A & B Outwear Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-16

3 A & J International SME Initial Rating CRAB-SE 4 - - 4-Mar-16

4 A B Auto Rice Mill SME Initial Rating CRAB-SE 3 - - 12-Apr-16

5 A G F Plastic Industries SME Initial Rating CRAB-SE 4 - - 21-Sep-16

6 A Hossain & Brothers SME Surveillance CRAB-SE 4 - - 10-May-16

7 A J R Transport Agency SME Initial Rating CRAB-SE 3 - - 20-May-16

8 A K Traders (AAIBL) SME Surveillance CRAB-SE 4 - - 18-Oct-16

9 A K Traders (IDLC) SME Surveillance CRAB-SE 3 - - 27-May-16

10 A Kashem Timber & S'Mill Corporate Surveillance - BB1(Lr) ST-4 - 22-Oct-15

11 A M Bricks-2 SME Initial Rating CRAB-SE 4 - - 13-May-16

12 A M Cold Storage Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Oct-15

13 A One (BD) Ltd. Corporate Initial Rating BBB3(Lr) BBB3(Lr) ST-3 Stable 27-May-16

14 A R Enterprise (SIBL) SME Initial Rating CRAB-SE 4 - - 12-Apr-16

15 A R Enterprise (UCBL) SME Initial Rating CRAB-SE 4 - - 25-Nov-15

16 A Rahman & Sons SME Initial Rating CRAB-SE 3 - - 3-Jun-16

17 A Razzak Super Auto Rice Mills Ltd. Corporate Initial Rating B1(Pr) - - - 22-Oct-15

18 A S Enterprise SME Initial Rating CRAB-ME 2 - - 23-Dec-15

19 A S P Enterprise SME Surveillance CRAB-SE 3 - - 30-Mar-16

20 A Tex International Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 10-May-16

21 AA Synthetic Fibers Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

22 AB Bricks SME Initial Rating CRAB-SE 4 - - 27-May-16

23 Abbas Steel House Corporate Surveillance - - ST-3 - 30-Jun-16

24 ABC Garments Ltd. Corporate Surveillance - - ST-4 - 30-Dec-15

25 Abdul Kaium Traders SME Initial Rating CRAB-SE 4 - - 15-Sep-16

26 Abdul Malek Mondol & Son's Corporate Surveillance - C(Lr) ST-6 - 30-Dec-15

27 Abdullah Rice Mill Corporate Surveillance - BB1(Lr) ST-4 - 6-Jul-16

28 Abid Poultry Dairy & Fisheries SME Initial Rating CRAB-SE 3 - - 12-Oct-16

29 Abid Textile Corporate Surveillance - BB1(Lr) ST-3 - 19-Nov-15

30 Abir Car Selection Corporate Surveillance - BB1(Lr) ST-4 - 30-Aug-16

31 Abir Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 20-May-16

32 Abir Paribahan Sangstha Corporate Surveillance - - ST-3 - 30-Jun-16

33 Abul Hossain SME Initial Rating CRAB-SE 4 - - 17-Nov-15

34 Abul Kalam & Brothers Corporate Surveillance - BB3(Lr) ST-4 - 15-Nov-15

35 Abul Khair Ceramic Industries Ltd. Corporate Surveillance A1 - ST-2 Stable 30-Sep-16

36 Abul Khair Limited Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 30-Jun-16

37 Abul Khair Steel Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 30-Jun-16

38 Abul Khair Steel Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 30-Jun-16

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 Abul Khair Steel Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 30-Jun-16

40 Acme Traders SME Initial Rating CRAB-SE 4 - - 6-May-16

41 Adex Corporation Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-16

42 Adex Engineering Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-16

43 Adhunik Poshak Shilpa Ltd. Corporate Surveillance BBB1 - ST-3 Stable 30-Jun-16

44 Advance Animal Science Co. Ltd. Corporate Surveillance BBB2 - ST-3 Stable 30-Jun-16

45 Advance Development & Tech. Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 21-Nov-15

46 Advance EPS Technologies Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 1-Dec-15

47 Advance Ready Mix Concrete Ind. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 1-Dec-15

48 Advance Technology & Ideas Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 1-Dec-15

49 Afia Enterprise Corporate Surveillance - BB2(Lr) ST-4 - 17-Dec-15

50 Afsana Flour Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 26-Mar-16

51 Aftab Automobiles Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 28-Feb-16

52 Aftor Ali Corporate Surveillance - BB1(Lr) - - 29-Mar-16

53 Agragami Engineers Ltd. Corporate Initial Rating BB1 - - Stable 31-Dec-15

54 Agro Resources Company Ltd. Corporate Surveillance - BBB2(Lr) - - 19-Mar-16

55 Agrotech Feeds Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 27-Feb-16

56 Ahmed Agro Agency Corporate Surveillance - BB1(Lr) ST-4 - 20-May-16

57 Ahmed Food Products (Pvt.) Ltd. SME Initial Rating CRAB-ME 4 - - 18-Oct-15

58 Ahmed Store Corporate Surveillance - - ST-3 - 14-Dec-15

59 Ahmedia Apartment & Developers Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 26-Jan-16

60 Ahmedia Enterprise Corporate Initial Rating - BB1(Lr) ST-4 - 26-Jan-16

61 Ahsan Fish & Nursery SME Initial Rating CRAB-SE 4 - - 9-Sep-16

62 Air Condition World SME Initial Rating CRAB-SE 3 - - 21-Sep-16

63 Air Galaxy Ltd. Corporate Initial Rating - - ST-2 - 20-May-16

64 Air Trade SME Initial Rating CRAB-ME 3 - - 2-Sep-16

65 Aishwarja Agro Foods Processing Ltd. Corporate Initial Rating BBB3(Pr) - - - 15-Dec-15

66 AJ Fashions Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 29-Jun-16

67 Akash Enterprise SME Initial Rating CRAB-SE 4 - - 2-Sep-16

68 Akata Container Carrier Service SME Initial Rating CRAB-ME 3 - - 11-Feb-16

69 Akco Industries and Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

70 Akhi Electronics SME Initial Rating CRAB-SE 3 - - 29-Oct-15

71 Akhi Sajal Enterprise SME Initial Rating CRAB-SE 4 - - 24-Jun-16

72 Akhil & Brothers Corporate Surveillance - - ST-4 - 28-Nov-15

73 Akota Auto Rice Mill (Dinajpur) SME Initial Rating CRAB-SE 4 - - 6-May-16

74 Akota Auto Rice Mill (Sunamgonj) SME Initial Rating CRAB-SE 4 - - 20-May-16

75 Akota Press & Publications SME Initial Rating CRAB-SE 4 - - 26-Jan-16

76 Akota Traders SME Initial Rating CRAB-SE 4 - - 29-Jul-16

77 Akram & Sons Corporate Surveillance - - ST-3 - 28-Dec-15

78 Al Amin & Sons SME Initial Rating CRAB-ME 4 - - 10-Jun-16

79 Al Amin Banijjalay SME Initial Rating CRAB-SE 4 - - 6-Oct-16

80 Al Amin Enterprise (IBBL) Corporate Surveillance - - ST-3 - 17-Mar-16

81 Al Amin Enterprise (SIBL) SME Initial Rating CRAB-SE 4 - - 29-Mar-16


2




82 Al Amin Garment Inds. Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 17-Oct-15

83 Al Amin Steel House SME Initial Rating CRAB-SE 4 - - 26-Aug-16

84 Al Amin Traders SME Initial Rating CRAB-SE 3 - - 13-May-16

85 Al Bakara Steel & Co. Corporate Surveillance - BBB3(Lr) ST-3 - 21-Sep-16

86 Al Barakat Rice Mill Corporate Surveillance - - ST-3 - 30-Nov-15

87 Al Fahad Air Ticketing and Medical Tourism Ltd. SME Initial Rating CRAB-SE 4 - - 22-Oct-15

88 Al Hera Traders SME Initial Rating CRAB-SE 4 - - 25-Feb-16

89 Al Isra Consumer Products Ltd. SME Initial Rating CRAB-ME 4 - - 19-Aug-16

90 Al Madina Engineering SME Initial Rating CRAB-SE 4 - - 29-Jul-16

91 Al Madina Industries Corporate Initial Rating - BBB3(Lr) ST-3 - 4-Feb-16

92 Al Madina Pharmaceuticals Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Sep-15

93 Al Madina Traders & Its Sister Concern SME Surveillance CRAB-ME 3 - - 21-May-16

94 Al Modina Auto Rice Mill Corporate Initial Rating - BB2(Lr) - - 19-Aug-16

95 Al Mostafa Printing & Packaging Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Nov-15

96 Al Mukaram Enterprise Corporate Surveillance - - ST-3 - 29-Dec-15

97 Al Noor Paper & Board Mills Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 20-Nov-15

98 Al Noor Steel Complex Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

99 Alam & Co. Corporate Initial Rating - BB1(Lr) ST-4 - 21-Mar-16

100 Alam Packaging SME Initial Rating CRAB-SE 3 - - 13-May-16

101 Alauddin Store SME Initial Rating CRAB-SE 4 - - 13-May-16

102 ALEMA Textiles Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16

103 Alfis Limited Corporate Surveillance - BBB3(Lr) ST-3 - 31-Dec-15

104 Alhaj Md Ataur Rahman SME Surveillance CRAB-SE 4 - - 21-May-16

105 Alhaj Md. Ishaque Badsha & Co. SME Initial Rating CRAB-SE 3 - - 15-Sep-16

106 Alhaj Traders Corporate Surveillance - BB1(Lr) - - 31-Mar-16

107 Alhaj Trading & Co. SME Initial Rating CRAB-SE 3 - - 6-Jul-16

108 Ali CNG & Filling Station Corporate Initial Rating - BB3(Lr) - - 22-Oct-15

109 Ali Enterprise (EXIM) Corporate Surveillance - BB1(Lr) - - 28-Dec-15

110 Ali Enterprise (UCBL) SME Initial Rating CRAB-SE 4 - - 5-Nov-15

111 Ali Hossain Traders Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-16

112 Ali Natural Oil Mills & Agro Industries Ltd. Corporate Initial Rating BBB3 - ST-3 Stable 5-Aug-16

113 Alif Tiles & Sanitary Corporate Surveillance - BB1(Lr) ST-3 - 19-Aug-16

114 Alif Traders SME Initial Rating CRAB-ME 3 - - 18-Oct-15

115 Alif Vision Ltd. SME Surveillance CRAB-SE 4 - - 17-Sep-16

116 Alim Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 23-Dec-15

117 Alim Knit Wears Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-3 Stable 30-Dec-15

118 Allah Rahmat Fruits Agency SME Initial Rating CRAB-ME 3 - - 19-Aug-16

119 Alliance Holdings Ltd. Corporate Surveillance A2 A2(Lr), A1(Lr) ST-1, ST-3 Stable 30-Oct-15

120 Alliance Properties Ltd. Corporate Surveillance BBB3 - ST-4 Stable 30-Aug-16

121 Al-Mahmud Filling Station Ltd. Corporate Surveillance - BBB3(Lr) - - 26-Aug-16

122 Aman Agro Industries Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 31-Oct-15

123 Aman Associates Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Oct-15

124 Aman Cement Mills Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 31-Dec-15


3




125 Aman Cold Storage Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 31-Oct-15

126 Aman Cotton Fibrous Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 30-Nov-15

127 Aman Electronics SME Initial Rating CRAB-SE 3 - - 25-Feb-16

128 Aman Feed Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

129 Aman Jute Fibrous Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-4 Stable 31-Dec-15

130 Aman Poultry & Hatchery Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Dec-15

131 Aman Seeds Storage Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 31-Oct-15

132 Aman Tex Ltd. Corporate Surveillance A2 - ST-3 Stable 21-Sep-16

133 Aman Trading Corporation Corporate Surveillance - - ST-3 - 31-Oct-15

134 Amana Super Shop & Products (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-16

135 AMC Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-16

136 Amena Trading SME Initial Rating CRAB-SE 4 - - 24-Jun-16

137 Amin & Co and its sister concern SME Surveillance CRAB-SE 4 - - 21-May-16

138 Amin & Sons SME Surveillance CRAB-SE 3 - - 12-Apr-16

139 Amin Traders SME Initial Rating CRAB-SE 4 - - 5-Nov-15

140 Amina Cloth Store SME Initial Rating CRAB-SE 3 - - 29-Sep-16

141 Amir Shirt's Ltd. Corporate Initial Rating BBB3 - ST-3 Stable 15-Sep-16

142 Amir Sweaters & Fabrics Ltd. SME Initial Rating CRAB-SE 4 - - 10-Jun-16

143 Amity Design Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 28-Dec-15

144 Amotex Ltd. Corporate Surveillance BBB1 - ST-3 Stable 31-Jul-16

145 Amran Textile SME Initial Rating CRAB-SE 4 - - 5-Apr-16

146 Amrita Lal Dev Nath SME Surveillance CRAB-ME 4 - - 15-Jan-16

147 Anannya Samaj Kallyan Sangstha Corporate Initial Rating BB1 - - Stable 22-Dec-15

148 Ananta Apparels Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 30-Sep-15

149 Ananta Casul Wear Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 30-Sep-15

150 Ananta Denim Technology Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 30-Sep-15

151 Ananta Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

152 Angasree Dyeing, Printing, Finishing & Calendering Corporate Surveillance - BBB3(Lr) - - 19-Mar-16

153 Angel Button Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Apr-16

154 Angelic Print Sharee Corporate Surveillance - BBB3(Lr) - - 30-Dec-15

155 Angoshova Bastrolaya SME Surveillance CRAB-ME 4 - - 30-Sep-15

156 Ani Enterprise SME Initial Rating CRAB-SE 4 - - 11-Mar-16

157 Anik Composite Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

158 Anika Steel SME Surveillance CRAB-SE 4 - - 17-Sep-16

159 Anjuman Garments Pvt. Ltd. Corporate Initial Rating BB1 - - Stable 26-Jan-16

160 Anokul Traders Corporate Initial Rating - BBB3(Lr) ST-3 - 26-Aug-16

161 Anon & Brothers SME Initial Rating CRAB-SE 4 - - 10-Jun-16

162 Anowara Textile Mills SME Initial Rating CRAB-SE 3 - - 22-Oct-15

163 Anowara Traders SME Initial Rating CRAB-SE 4 - - 3-Jun-16

164 Anupam Fashion Wear Ltd. Corporate Surveillance - BB3(Lr), B1(Lr) ST-4 - 30-Dec-15

165 Anwar & Brothers SME Initial Rating CRAB-SE 3 - - 5-Feb-16

166 Anwar Enterprise Corporate Surveillance - - ST-3 - 30-Jun-16

167 Anwar Trading (IBBL) Corporate Surveillance - - ST-4 - 29-Jun-16


4




168 Anwar Trading (SIBL) SME Initial Rating CRAB-SE 3 - - 4-Feb-16

169 Anwara Ispat Corporate Surveillance - BBB3(Lr) - - 15-Jun-16

170 Anwara Mannan & Sons SME Initial Rating CRAB-SE 4 - - 8-Dec-15

171 Anwara Mannan Textile Mills Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

172 Anwer Khan Modern Hospital Ltd. Corporate Surveillance - A3(Lr) ST-3 - 30-Dec-15

173 Apex Foods Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 31-Dec-15

174 Apex Lingerie Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-15

175 Apex Spinning & Knitting Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Sep-15

176 Apex Textile Printing Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-16

177 Apex Yarn Dyeing Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-16

178 Apon Traders SME Surveillance CRAB-SE 4 - - 18-Oct-16

179 Appollo Ispat Complex Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 15-Dec-15

180 Appolo Shopping Center SME Initial Rating CRAB-SE 4 - - 17-Nov-15

181 Apurbo Electrical Industries Ltd. SME Initial Rating CRAB-ME 3 - - 4-Mar-16

182 Arafat Grain Industries Ltd. Corporate Initial Rating - BB1(Lr) - - 19-Aug-16

183 Arafat Trading SME Initial Rating CRAB-SE 4 - - 29-Apr-16

184 Arco Cold Storage Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

185 Ares Trading SME Initial Rating CRAB-SE 3 - - 19-Aug-16

186 Argenta Garments Industries Ltd. SME Initial Rating CRAB-ME 4 - - 25-Nov-15

187 Arian Chemicals Ltd. Corporate Surveillance BBB2 - ST-3 Stable 5-Aug-16

188 Aristo Corporation Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 25-Nov-15

189 ARL Ship Breaking Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

190 ARS Properties Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Dec-15

191 ARS Washing Ltd. SME Initial Rating CRAB-ME 4 - - 28-Apr-16

192 Aryan Stone and Marble Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-16

193 Asad Chanachur Factory SME Surveillance CRAB-SE 3 - - 30-Mar-16

194 Asheem Traders Corporate Initial Rating - BB3(Lr) ST-4 - 22-Oct-15

195 Ashif Sanitary Corporate Surveillance - BBB3(Lr) ST-3 - 30-Aug-16

196 Ashik Machinaries SME Initial Rating CRAB-SE 4 - - 27-May-16

197 Ashik Traders Corporate Surveillance - BB2(Lr) ST-4 - 30-Mar-16

198 Ashirbad Chaul Kal Corporate Surveillance - BB2(Lr) - - 3-Jun-16

199 Asia Electronics Corporate Surveillance - - ST-4 - 30-Nov-15

200 Asia Enterprise Corporate Surveillance - - ST-3 - 30-Sep-16

201 Asia Industries (Pvt) Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 28-Feb-16

202 Asian Apparels Limited. Corporate Surveillance A3 A3(Lr) ST-3 Stable 14-Sep-16

203 Asif Enterprise SME Initial Rating CRAB-SE 3 - - 4-Feb-16

204 Asif Traders SME Initial Rating CRAB-SE 3 - - 5-Nov-15

205 ASS Knitwear Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

206 Asset Development & Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Oct-15

207 Associate Tubes Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 3-Jun-16

208 AST Beverage Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 17-Oct-15

209 Astro Stitch Art Ltd. SME Initial Rating CRAB-ME 3 - - 14-Dec-15

210 Ataur Traders Corporate Surveillance - BB1(Lr) ST-3 - 30-Oct-15


5




211 ATS Apparels Ltd. Corporate Surveillance - - ST-4 - 31-Dec-15

212 Auto Motor Importing Corporate Initial Rating - BB2(Lr) ST-4 - 25-Nov-15

213 Awal Store Corporate Surveillance - - ST-4 - 30-Jun-16

214 Axiom Technologies Ltd. Corporate Surveillance BBB3 - ST-3 Stable 29-Jun-16

215 Ayan Enterprise SME Initial Rating CRAB-SE 4 - - 29-Mar-16

216 Ayesha Enterprise Corporate Surveillance - - ST-3 - 14-Dec-15

217 Ayesha Jute Fibres Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 14-Nov-15

218 Ayubpur Textile Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Mar-16

219 Azad Particle Board Mills Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

220 Azad Pulp & Paper Mills Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

221 Azad Store SME Initial Rating CRAB-ME 3 - - 29-Dec-15

222 Azad Traders Corporate Surveillance - BB2(Lr) - - 23-Dec-15

223 Azad Twist Thread Mills Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

224 Azim Boiler & Rice Mill SME Initial Rating CRAB-SE 4 - - 20-May-16

225 Aziz & Sons & Its Sister Concern SME Initial Rating CRAB-SE 3 - - 6-May-16

226 Azmi Foods Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jul-16

227 Azmir Shopping Centre SME Initial Rating CRAB-SE 3 - - 22-Oct-15

228 B Hakim Agro Complex Corporate Surveillance BB2(Pr) - - - 31-Mar-16

229 B M Motors SME Initial Rating CRAB-SE 3 - - 29-Sep-16

230 B R Bricks Corporate Surveillance - BB2(Lr) - - 30-Oct-15

231 Babul Plastic & Rubber Industries SME Initial Rating CRAB-ME 3 - - 29-Jun-16

232 Badal Mia SME Initial Rating CRAB-SE 4 - - 29-Mar-16

233 Badol Store SME Initial Rating CRAB-SE 3 - - 11-Aug-16

234 Badsha Enterprise SME Initial Rating CRAB-SE 4 - - 6-Jul-16

235 Baki Chaul Kal Corporate Surveillance - BB2(Lr) - - 3-Jun-16

236 Bakkar Traders SME Initial Rating CRAB-SE 3 - - 12-Feb-16

237 Bakkar Trading SME Initial Rating CRAB-SE 4 - - 4-Feb-16

238 Baktiar Enterprise SME Initial Rating CRAB-SE 4 - - 4-Feb-16

239 Baly Garments SME Surveillance CRAB-ME 4 - - 30-Mar-16

240 Bandar Steel Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-Feb-16

241 Banga Dredgers Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 30-Jun-16

242 Bangla Chemical SME Initial Rating CRAB-SE 3 - - 29-Jun-16

243 Bangla Foils Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 29-Oct-15

244 Bangladesh Industrial Gases Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 28-Dec-15

245 Bangladesh Monospool Paper Mfg. Company Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 26-Jan-16

246 Bangladesh Science House Corporate Surveillance - BB3(Lr) ST-4 - 31-Dec-15

247 Banolata Sweets & Bakery SME Initial Rating CRAB-ME 3 - - 29-Jul-16

248 Bappy Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 15-Dec-15

249 Barakatullah Electro Dynamics Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-3 Stable 29-Dec-15

250 Base Technologies Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 13-May-16

251 Bashir Traders Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-16

252 Bashundhara Food & Beverage Ind. Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 30-Jun-16

253 Bashundhara LP Gas Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15


6




254 Bashundhara Multi Paper Industries Ltd. Corporate Surveillance BBB1(Pr) - - - 9-Feb-16

255 Bashundhara Steel Complex Ltd. Corporate Initial Rating - BBB3(Lr), BB1(Lr) ST-4 - 30-Sep-15

256 Basori Auto Rice Mill Corporate Surveillance - BB1(Lr) ST-4 - 12-Mar-16

257 Bata Shoe Company (Bangladesh) Ltd. Corporate Surveillance AAA - ST-1 Stable 29-Mar-16

258 Bay Developments Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 30-Dec-15

259 BBC Steel Corporate Surveillance - - ST-4 - 12-Apr-16

260 BCL Cold Storage Ltd. SME Initial Rating CRAB-SE 4 - - 23-Dec-15

261 BCL Paper Mills Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 2-Dec-15

262 BD Corporation Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Jul-16

263 BD Foods Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 30-Jul-16

264 BD Knit Design Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

265 BD Sea Food Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jul-16

266 Beacon Infotech (Pvt) Ltd. SME Surveillance CRAB-ME 3 - - 22-Jul-16

267 Belal Traders SME Initial Rating CRAB-SE 4 - - 29-Apr-16

268 Belamy Textiles Ltd. Corporate Surveillance BBB1 - ST-3 Stable 29-Sep-16

269 Bemisal Enterprise Corporate Surveillance - - ST-3 - 29-Jun-16

270 Bengal Auto Rice Mill Corporate Surveillance - BB1(Lr) - - 22-Jul-16

271 Bengal Meat Processing Ind. Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Positive 30-Dec-15

272 Bengal NFK Textile Ltd. Corporate Surveillance A3 - ST-3 Stable 21-Sep-16

273 Bengal Pacific (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 14-Dec-15

274 Bengal Technological Corporation Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 1-Dec-15

275 Bengal Tiles & Sanitary SME Initial Rating CRAB-SE 4 - - 12-Apr-16

276 Bengal Trading Co. SME Initial Rating CRAB-SE 2 - - 10-Jun-16

277 Bengal Windsor Thermoplastics Ltd. Corporate Surveillance AA3 AA1(Lr) ST-2 Stable 26-Dec-15

278 Best Shirts Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 18-Jun-16

279 Best Steel Industries Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 14-Dec-15

280 Best Wool Sweaters Ltd. Corporate Initial Rating A2 - ST-1,ST-3 Stable 19-Aug-16

281 Bhai Bhai Bricks SME Initial Rating CRAB-SE 4 - - 26-Aug-16

282 Bhai Bhai Corporation Corporate Surveillance - BB3(Lr) ST-3 - 13-May-16

283 Bhai Bhai Development Store & Fashion SME Initial Rating CRAB-SE 4 - - 2-Sep-16

284 Bhai Bhai Paper Mills Ltd. Corporate Initial Rating - BB2(Lr) - - 31-Dec-15

285 Bhai Bhai Poultry Farm & Hatchery Ltd. Corporate Initial Rating - BB2(Lr) - - 2-Dec-15

286 Bhai Bhai Textile SME Initial Rating CRAB-ME 4 - - 4-Feb-16

287 Bhai Bhai Timber Traders Corporate Initial Rating - BB2(Lr) - - 5-Nov-15

288 Bhai Bhai Traders SME Initial Rating CRAB-SE 3 - - 2-Sep-16

289 Bhawal Construction Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

290 Bhuiyan & Brothers Corporate Surveillance - - ST-3 - 4-Jun-16

291 Bhuiyan Alumnium Works Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 30-Dec-15

292 Big Bazar Super Shop Corporate Surveillance - - ST-3 - 5-Apr-16

293 Bikrampur Potato Flakes Ind. Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

294 Bilkis Chaul Kal SME Surveillance CRAB-SE 4 - - 10-Jun-16

295 Binimoy Construction Company SME Initial Rating CRAB-SE 4 - - 30-Jun-16

296 Binimoy Enterprise Corporate Surveillance - BB2(Lr) - - 30-Nov-15


7




297 Bio Health Co. Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 24-Sep-16

298 Biplob Bhandar SME Initial Rating CRAB-SE 4 - - 18-Oct-15

299 Bishal Electronics SME Initial Rating CRAB-SE 4 - - 25-Nov-15

300 Bismillah Airlines Ltd. Corporate Initial Rating - BBB1(Lr) ST-3 - 15-Dec-15

301 Bismillah Aluminum Works Corporate Surveillance - BBB1(Lr) - - 30-Sep-15

302 Bismillah Business Service Corporate Surveillance - BB2(Lr) - - 30-Dec-15

303 Bismillah Chal Dal Ata & Tel Mill SME Initial Rating CRAB-SE 4 - - 9-Sep-16

304 Bismillah Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Mar-16

305 Bismillah Iron Store Corporate Surveillance - BB1(Lr) ST-3 - 19-Mar-16

306 Bismillah Moshari Store Corporate Surveillance - BBB3(Lr) - - 30-Mar-16

307 Bismillah Store SME Surveillance CRAB-ME 3 - - 22-Apr-16

308 Bismillah Traders SME Initial Rating CRAB-SE 4 - - 15-Dec-15

309 Biswas Chaul Kal SME Initial Rating CRAB-SE 4 - - 2-Sep-16

310 Biswas Traders & VIP Rice Mills Corporate Surveillance - BBB2(Lr) ST-3 - 30-Nov-15

311 Blind Education and Rehabilitation Development Organisation (BERDO)Corporate Initial Rating BB2 - - Stable 22-Dec-15

312 Bodice Apparels Ltd. Corporate Initial Rating BB2(Pr) - - - 6-Apr-16

313 Bogra Motors (Pvt) Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 17-Nov-15

314 Boishakhi Automatic Rice Mills Corporate Surveillance - BBB2(Lr) ST-4 - 18-Feb-16

315 Bonafide Knitting Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

316 Bonanza Trade Marketing Corporate Surveillance - BB1(Lr) ST-4 - 28-Nov-15

317 Bonded Fashion Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

318 Bookman Printers & Publications Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-16

319 Boras Knitwear Ltd. SME Surveillance CRAB-ME 4 - - 22-Apr-16

320 Brahmmaputra Printing & Packaging SME Initial Rating CRAB-SE 4 - - 5-Aug-16

321 Bright Technologies Ltd. SME Initial Rating CRAB-SE 4 - - 11-Aug-16

322 Brilliant Library SME Initial Rating CRAB-SE 3 - - 22-Oct-15

323 Bristi Enterprise SME Surveillance CRAB-SE 3 - - 27-May-16

324 Brothers Hardware & Paint SME Initial Rating CRAB-SE 4 - - 30-Sep-15

325 Brothers Poultry Products & Medicine SME Initial Rating CRAB-SE 3 - - 29-Jul-16

326 BSM Syndicate Corporate Initial Rating - BBB3(Lr) ST-3 - 15-Dec-15

327 Building Construction Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 23-Dec-15

328 Building Technology & Ideas Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-May-16

329 Bulbul General Electronics SME Initial Rating CRAB-SE 3 - - 26-Jan-16

330 Business Communication SME Initial Rating CRAB-SE 4 - - 15-Jun-16

331 Butterfly Marketing Ltd. Corporate Surveillance A2 - ST-3 Stable 24-Sep-16

332 C & A Textiles Ltd. Corporate Surveillance B1 B1(Lr) ST-4 Stable 28-Dec-15

333 Caco Chemical Industries Ltd. Corporate Surveillance BB1(Pr) - - - 31-Mar-16

334 Camy Electrical Industries SME Initial Rating CRAB-SE 2 - - 10-Jun-16

335 Capital Stationery SME Initial Rating CRAB-SE 3 - - 9-Sep-16

336 Car Selection Corporate Surveillance - BBB2(Lr) ST-3 - 5-Mar-16

337 CBN Bricks Ltd. Corporate Surveillance - C(Lr) ST-6 - 17-Dec-15

338 Celluler Mobile Pte Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

339 CEM Readymix Concrete Ltd. SME Initial Rating CRAB-ME 2 - - 15-Sep-16


8




340 Center For Community Development & Research Corporate Initial Rating BB3 - - Stable 22-Dec-15

341 Centro Tex Ltd. Corporate Surveillance BB1 BB1(Lr) ST-1 Stable 23-Dec-15

342 Century Spinning Mills Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 2-Jun-16

343 Century Trade Syndicate Corporate Surveillance - BB2(Lr) ST-4 - 29-Jun-16

344 Ceramics World SME Initial Rating CRAB-SE 3 - - 5-Apr-16

345 Chancellor Publishers Corporate Surveillance - BBB3(Lr) - - 27-Dec-15

346 Chattagram Metropolitan Hashpatal Pvt. Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 11-Mar-16

347 Chauddagram Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 5-Aug-16

348 Chens Crop Science Bangladesh Ltd. Corporate Surveillance BBB1 - ST-3 Stable 30-Dec-15

349 China Bangla Foods SME Initial Rating CRAB-ME 3 - - 19-Aug-16

350 China Bangla Shopping Complex Corporate Surveillance - BBB3(Lr) ST-3 - 19-Aug-16

351 Chistia Brick Manufacturing Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 27-Dec-15

352 Chistya CNG Refueling & Conversion Ltd. SME Initial Rating CRAB-SE 4 - - 30-Mar-16

353 Chitra Agro Farm SME Initial Rating CRAB-ME 4 - - 5-Apr-16

354 Chittagong Asian Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 14-Sep-16

355 Chittagong Electric Manfg. Co. Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 24-Jun-16

356 Chittagong Metal Store SME Initial Rating CRAB-SE 4 - - 21-Mar-16

357 Chittagong Padding Mills Ltd. Corporate Surveillance BB2 BB1(Lr) ST-4 Stable 30-Nov-15

358 Chittagong Waste Treatment Plants Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 29-Nov-15

359 Choice Crokeries & Gift Centre SME Initial Rating CRAB-SE 4 - - 18-Oct-15

360 Chowdhury Enterprise SME Initial Rating CRAB-SE 4 - - 12-Jul-16

361 Chowdhury Enterprise (IBBL) Corporate Surveillance - - ST-3 - 28-May-16

362 Chowdhury Himagar Ltd. SME Initial Rating CRAB-ME 4 - - 17-Jun-16

363 Chowdhury International SME Initial Rating CRAB-SE 4 - - 14-Dec-15

364 Chung Hua Aluminium Industry Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 21-May-16

365 City Dal Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

366 City Feed Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

367 City Navigations Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

368 City Seed Crushing Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

369 City Sugar Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

370 Clamoon Garments Ltd. Corporate Surveillance BBB2 - ST-3 Stable 31-Jul-16

371 Classic Attires Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 - 21-Sep-16

372 Classic Center SME Initial Rating CRAB-SE 2 - - 17-Jun-16

373 Cobite Computers SME Surveillance CRAB-SE 4 - - 29-Sep-16

374 Color Solution Ltd. SME Initial Rating CRAB-ME 4 - - 11-Feb-16

375 Combined Food & Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

376 Comfit Composite Knit Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-Feb-16

377 Comfort Living Ltd. Corporate Initial Rating BB2 - - Stable 26-Aug-16

378 Compustar (Pvt) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 4-Feb-16

379 Concord Creations Ltd. Corporate Initial Rating BBB3 - - Stable 25-Nov-15

380 Confidence Ltd. SME Surveillance CRAB-SE 4 - - 15-Sep-16

381 ConnectBD Ltd. SME Initial Rating CRAB-ME 2 - - 15-Jun-16

382 Consolidated Trading & Manu. Co. (Pvt) Ltd. Corporate Surveillance - - ST-1 - 20-May-16


9




383 Continental Garments Industries (Pvt.) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Nov-15

384 Corolla Corporation (BD) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 14-Dec-15

385 Corona Industries Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 29-Apr-16

386 Corona Oil & Lubricants Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 29-Apr-16

387 Corona Tractors Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 29-Apr-16

388 Cosmo Synthetic Ind. Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 26-Oct-15

389 Cosmopolitan Industries Pvt. Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable 29-Dec-15

390 Cosmos Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 15-Nov-15

391 Cotton Textile & Apparels Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 15-Dec-15

392 Craft Castle SME Surveillance CRAB-ME 3 - - 28-May-16

393 Crazy Fashions Ltd. Corporate Surveillance BBB2 - ST-3 Stable 30-Jun-16

394 Creative I (Classic Fabrics) Corporate Surveillance - BB1(Lr) ST-4 - 14-Nov-15

395 Creative Zone SME Initial Rating CRAB-SE 4 - - 17-Nov-15

396 Crossline Factory (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Apr-16

397 Crossline Knit Fabrics Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Apr-16

398 Crown Cement Concrete & Building Products Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 11-May-16

399 Crown Fashion & Sweater Ind. Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

400 Crown Knitwear Ltd. Corporate Surveillance BBB1 - ST-3 Stable 30-Jun-16

401 Crown Mariners Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 11-May-16

402 Crown Polymer Bagging Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 11-May-16

403 Crown Transportation Logistics Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 11-May-16

404 Crown Wool Wear Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

405 Crystal International Corporate Initial Rating - - ST-3 - 11-Aug-16

406 Cutting Edge Garments Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 28-Dec-15

407 D K Apparels Ltd. SME Initial Rating CRAB-ME 4 - - 27-May-16

408 Daeyu Bangladesh Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 5-Jun-16

409 DAF Accessories Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 5-Dec-15

410 DAF Ctg. Accessories Ltd. Corporate Surveillance - A3(Lr) ST-4 - 31-Dec-15

411 DAF Knitwears Ltd. Corporate Surveillance - - ST-4 - 31-Dec-15

412 DAF Packaging Industries Ltd. Corporate Surveillance BB1 - ST-4 Stable 15-Jun-16

413 Daffodil Knit Fabrics Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 10-Sep-16

414 DAL Knitwear Ltd. Corporate Surveillance - A3(Lr) ST-3 - 30-Jun-16

415 Dalim Traders SME Initial Rating CRAB-SE 4 - - 20-May-16

416 Danish Condensed Milk Bangladesh Ltd. Corporate Surveillance - AA2(Lr) ST-2 - 26-Dec-15

417 Danys Knitwear Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 26-Aug-16

418 Dasdee Hatchery & Feeds Ltd. Corporate Initial Rating BB3(Pr) - - - 31-Mar-16

419 Daveed Enterprise Ltd. SME Surveillance CRAB-SE 4 - - 22-Apr-16

420 DBS & Co. (Dhaka Bricks Supply & Co.) SME Initial Rating CRAB-ME 3 - - 5-Nov-15

421 Deepa Food Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

422 Dekko Knitwears Ltd. Corporate Surveillance A1 - ST-3 Stable 30-Jun-16

423 Delhi Aluminum Factory Ltd. Corporate Surveillance A3 - ST-3 Stable 31-Dec-15

424 Delowara Food Industries SME Initial Rating CRAB-SE 4 - - 15-Sep-16

425 Deluxe Hardware Corporate Surveillance - B1(Lr) ST-5 - 15-Dec-15


10




426 Denim Expert Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-15

427 Desh Cold Storage (Pvt.) Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

428 Desh Cotton Mills Corporate Surveillance - BB1(Lr) ST-3 - 26-Aug-16

429 Desh Ship Building Engineering Ltd Corporate Initial Rating - BB1(Lr) ST-4 - 29-Mar-16

430 Devine Design Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-15

431 Dhaka Community Hospital Trust Corporate Surveillance - BBB1(Lr) ST-3 - 15-Jun-16

432 Dhaka Hongkong Thread Ind. Ltd. SME Surveillance CRAB-SE 4 - - 17-Sep-16

433 Dhaka PET Enterprise Corporate Surveillance - - ST-3 - 29-Jul-16

434 Dhansheri Doi Ghar & Dhansheri Enterprise SME Initial Rating CRAB-SE 3 - - 29-Dec-15

435 Diamond Jute Diversification & Co. SME Initial Rating CRAB-SE 3 - - 14-Dec-15

436 Diba Ratri Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 6-May-16

437 Digilab Medical Service Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 1-Dec-15

438 Digital Power and Associates Ltd. Corporate Surveillance A1 A1(Lr) - Stable 31-Jul-16

439 Dip Knitwear Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 6-Nov-15

440 Dody Exportwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 14-Mar-16

441 Dody Trims Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 31-May-16

442 Donga Leather Ltd. Corporate Initial Rating B1 B1(Lr) ST-4 Stable 30-Jun-16

443 Doreen Power Generations & Sys. Ltd. Corporate Surveillance AA2 AA2(Lr) ST-1 Stable 21-Dec-15

444 Doreen Power House & Technologies Ltd. Corporate Surveillance AA2 AA2(Lr) ST-1 Stable 30-Dec-15

445 Doud Corporation Corporate Surveillance - BB1(Lr) - - 30-Oct-15

446 Doyel Engineering Works SME Initial Rating CRAB-SE 3 - - 14-Dec-15

447 Doyel Metal Industries SME Initial Rating CRAB-SE 3 - - 14-Dec-15

448 Dragoni Fashions Ltd. Corporate Surveillance - - ST-3 - 31-May-16

449 Dream Integrated Agro Complex Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 31-Dec-15

450 Dresden Textile Ltd. Corporate Surveillance BBB2 - ST-3 Stable 30-Jun-16

451 Dui Vai Auto Rice Mill Corporate Surveillance - BB2(Lr) - - 30-Oct-15

452 Dulal & Sons SME Initial Rating CRAB-ME 4 - - 26-Aug-16

453 Dulal Shikder Corporate Surveillance - - ST-3 - 30-Jun-16

454 Durjoy Enterprise SME Initial Rating CRAB-SE 4 - - 5-Nov-15

455 Dutch Bangla Power & Associates Ltd. Corporate Surveillance A1 - ST-3 Stable 19-Aug-16

456 Dynamic Freight Systems Corporate Initial Rating - BB3(Lr) ST-4 - 4-Feb-16

457 Dysin-Chem Limited Corporate Surveillance BBB3 BBB3(Lr), AA3(Lr) ST-3 Stable 7-Nov-15

458 E H Enterprise SME Initial Rating CRAB-SE 4 - - 13-May-16

459 Earth Footwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Negative 28-Dec-15

460 Easin Flour Mill Corporate Initial Rating - BB1(Lr) - - 12-Feb-16

461 East Asia Maritime Corporate Surveillance - BBB3(Lr) ST-3 - 27-Dec-15

462 East West Property Development Co. Ltd. Corporate Initial Rating AA3 AA3(Lr) ST-3 Stable 31-Dec-15

463 Eastern Associate SME Initial Rating CRAB-ME 4 - - 14-Dec-15

464 Eastern Medical College & Hospital Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 12-Aug-16

465 Eastern Shipping SME Initial Rating CRAB-SE 4 - - 14-Dec-15

466 Ecosystems Bangladesh Ltd. SME Initial Rating CRAB-SE 4 - - 5-Aug-16

467 ECPV Chittagong Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 31-Mar-16

468 Ejab Trading Co. Ltd. Corporate Initial Rating BBB2 BBB2(Lr) - Stable 22-Apr-16


11




469 Ejaj Store SME Initial Rating CRAB-SE 3 - - 21-Sep-16

470 Ekushey Crusing Plant SME Surveillance CRAB-ME 4 - - 29-Apr-16

471 Electrical & Electronics Company Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Nov-15

472 Electro Mart Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 30-Nov-15

473 Emdadia Re-Rolling Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 10-May-16

474 Empire Dyeing Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 - 18-Feb-16

475 Enani Hatchery Ltd. SME Surveillance CRAB-ME 3 - - 15-Apr-16

476 Enayetpur Spinning Mills Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Positive 31-Dec-15

477 Energis Power Corporation Ltd. Corporate Surveillance BBB3 BBB3(Lr) - Stable 29-Jun-16

478 Energypac Power Generation Ltd. Corporate Initial Rating A2 - ST-3 Stable 21-Sep-16

479 Envoy Textiles Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 24-Jun-16

480 Epcot Apparels Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 30-Dec-15

481 Epic Garments & Manufacturing Co. Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Positive 29-Dec-15

482 Epic Properties Ltd. Corporate Initial Rating - B1(Lr) - - 29-Oct-15

483 Epyllion Fabrics Ltd. Corporate Surveillance A1 - ST-3 Stable 30-Jun-16

484 Epyllion Knitex Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Dec-15

485 Epyllion Knitwears Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-15

486 Epyllion Limited Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Dec-15

487 Epyllion Style Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-15

488 Epyllion Washing Ltd. Corporate Initial Rating A3 - ST-3 Stable 22-Sep-16

489 Era Construction Corporate Surveillance - BB1(Lr) ST-4 - 10-Sep-16

490 Ershad & Sons Ltd. Corporate Initial Rating - A3(Lr) ST-3 - 6-Oct-16

491 Ershad Brothers Corporation Corporate Surveillance - A3(Lr) ST-3 - 30-Jun-16

492 Esack Brothers Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Apr-16

493 Eshan Agro & Food SME Initial Rating CRAB-SE 3 - - 25-Nov-15

494 Esquire Accessories Ltd. Corporate Surveillance A3 - ST-3 Stable 30-Jun-16

495 Esquire Dyeing Industries Ltd. Corporate Surveillance AA2 - ST-2 Stable 30-Jun-16

496 Esquire Electronics Ltd. Corporate Surveillance AA3 - ST-2 Stable 30-Jun-16

497 Esquire Knit Composite Ltd. Corporate Surveillance A2 - ST-2 Stable 30-Jun-16

498 Esquire Sweater Ltd. Corporate Initial Rating - - ST-4 - 27-May-16

499 Etasia Interlinings Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 12-Mar-16

500 Ethical Garments Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Positive 4-Sep-16

501 Euro Label Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

502 Europa Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

503 Eurozone Fashion Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Dec-15

504 Everest Enterprise Corporate Surveillance - BBB3(Lr) ST-3 - 15-Mar-16

505 Everest Sweaters Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 13-Jun-16

506 Excel Telecom Pvt Ltd. Corporate Surveillance BBB1 - ST-4 Stable 26-Apr-16

507 Executive Technologies Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 26-Feb-16

508 Export View Accessories Industry Ltd. SME Initial Rating CRAB-SE 4 - - 5-Apr-16

509 F A C Eastern Enterprise Ltd. Corporate Surveillance - - ST-1 - 24-Jun-16

510 F A C Holdings Ltd. Corporate Surveillance BB2 - - Stable 24-Jun-16

511 F F Enterprise Corporate Initial Rating - BBB3(Lr) ST-3 - 11-Nov-15


12




512 F M Accessories SME Initial Rating CRAB-SE 4 - - 23-Dec-15

513 F M Rubber & Chemical SME Surveillance CRAB-SE 4 - - 29-Sep-16

514 F Rahman Tea Co. Ltd. Corporate Surveillance BBB3 - - Stable 29-Dec-15

515 Fab-Con Textile Mills Ltd. Corporate Surveillance - A2(Lr) ST-3 - 27-Dec-15

516 Fabian Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 18-Mar-16

517 Fabian Thread Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Dec-15

518 Fabitex Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-16

519 Fahad Enterprise SME Initial Rating CRAB-SE 4 - - 5-Aug-16

520 Fahim Traders Corporate Surveillance - - ST-3 - 30-Sep-16

521 Fairytale Automobiles SME Initial Rating CRAB-SE 3 - - 25-Nov-15

522 Faith International SME Initial Rating CRAB-SE 4 - - 19-Aug-16

523 Fakir Flour & Daul Mill Corporate Surveillance - BB1(Lr) ST-3 - 14-Nov-15

524 Fame Apparels Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 3-Jun-16

525 Fame Design Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-16

526 Famous International SME Initial Rating CRAB-ME 3 - - 13-May-16

527 Far East Consumer Brands Ltd. Corporate Initial Rating BB1 - ST-1,ST-4 Stable 9-Sep-16

528 Faraji Motors SME Initial Rating CRAB-SE 5 - - 9-Dec-15

529 Faraji Traders SME Initial Rating CRAB-SE 5 - - 9-Dec-15

530 Farib Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 22-Apr-16

531 Farid Uddin & Sons Corporate Surveillance - BB2(Lr) ST-4 - 15-Dec-15

532 Farjana Textile & Printing Processing (Pvt) Ltd. SME Initial Rating CRAB-ME 4 - - 30-Dec-15

533 Faruk Cottage SME Initial Rating CRAB-SE 3 - - 18-Oct-15

534 Farzana Oil Refineries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

535 Fashion Flash Ltd. Corporate Surveillance - - ST-1, ST-3 - 1-Dec-15

536 Fashion Plastic & Packaging Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

537 Fast Corporation (Pvt.) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 25-Mar-16

538 Faststream Logistics Ltd. Corporate Initial Rating - BB1(Lr) - - 11-Feb-16

539 Fatema Enterprise (MTBL) SME Surveillance CRAB-SE 3 - - 29-Sep-16

540 Fatema Traders Corporate Surveillance - - ST-3 - 30-Sep-15

541 Fawn International Corporate Initial Rating - BBB3(Lr) ST-3 - 29-Dec-15

542 Fazal & Brothers (Ctg.) SME Initial Rating CRAB-ME 3 - - 19-Aug-16

543 Fazal & Brothers (MTBL) SME Initial Rating CRAB-SE 4 - - 18-Feb-16

544 Federal Air Cargo Corporate Initial Rating - BB3(Lr) ST-4 - 14-Dec-15

545 Federal Motors Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 14-Dec-15

546 Ferdaous Steel Corporation Corporate Surveillance - BB1(Lr) ST-4 - 19-Aug-16

547 Fiat Fashion Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 15-Dec-15

548 Fiber@Home Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 31-Jan-16

549 First Creation (Pvt) Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Jan-16

550 First Iron & Steel Trading SME Initial Rating CRAB-SE 4 - - 21-Mar-16

551 Five Star Ice & Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

552 Flora Limited Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Dec-15

553 FMC Group (Bangladesh) Ltd. Corporate Surveillance BBB1 BBB1(Lr) - Stable 30-Dec-15

554 Fortune Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Dec-15


13




555 Four H Dyeing & Printing Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 15-Mar-16

556 Four H Fashion Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable 30-Jun-16

557 Four H Lingerie Ltd. Corporate Surveillance A3 - ST-3 Stable 29-Sep-16

558 Fresco Steel Mills Ltd. SME Surveillance CRAB-ME 4 - - 18-Oct-15

559 Fresh Apparels Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 21-May-16

560 Friends Chemitec Corporate Initial Rating - BB2(Lr) ST-4 - 2-Dec-15

561 Friends Multi Trade Company Corporate Surveillance - A3(Lr) ST-3 - 30-Dec-15

562 Fulpur Knit & Garments Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 8-Dec-15

563 Future Agro Complex (Pvt) Ltd. Corporate Initial Rating - BB1(Lr) - - 11-Mar-16

564 Fu-Wang Ceramic Industry Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Negative 15-Dec-15

565 G M Steel SME Initial Rating CRAB-SE 4 - - 15-Sep-16

566 G R Traders SME Initial Rating CRAB-SE 3 - - 21-Mar-16

567 Galaxy Facilitation Service Ltd. Corporate Initial Rating - A3(Lr) - - 20-May-16

568 Galaxy Hotels & Resorts Ltd. Corporate Initial Rating - BBB3(Lr) - - 20-May-16

569 Galaxy Lines Ltd. Corporate Initial Rating - - ST-2 - 20-May-16

570 Galaxy Travel International Corporate Initial Rating - - ST-2 - 20-May-16

571 Galaxy World Logistic Ltd Corporate Initial Rating - A3(Lr) ST-2 - 20-May-16

572 Galco Steel (Bangladesh) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Dec-15

573 Gangchil Real Estae SME Surveillance CRAB-SE 3 - - 22-May-16

574 Gani Flour Mills & Industries Corporate Surveillance - - ST-4 - 30-Sep-15

575 Garib-E-Newaz Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

576 Gausia Store SME Surveillance CRAB-ME 3 - - 18-Jun-16

577 Gazi Trading Corporate Surveillance - BB1(Lr) ST-1,ST-3 - 29-Jun-16

578 GBX Logistics Ltd. Corporate Initial Rating - A3(Lr) ST-2 - 20-May-16

579 Gemini Fashions (PVT) Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 6-May-16

580 General Computer Embroidery Ltd. Corporate Surveillance - BB3(Lr) ST-4 Negative 30-Jun-16

581 General Pharmaceuticals Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Dec-15

582 General Scientific Company Ltd. SME Initial Rating CRAB-SE 4 - - 21-Sep-16

583 General Trading Company Corporate Surveillance - BBB3(Lr) ST-4 - 30-Dec-15

584 Genetic Limited Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 30-Nov-15

585 Geneva International SME Initial Rating CRAB-SE 4 - - 21-Mar-16

586 German Bangladesh Machine & Steel Corporate Surveillance - BB2(Lr) ST-4 - 21-May-16

587 GETCO Agro Vision Ltd. Corporate Surveillance - - ST-3 - 30-Dec-15

588 GETCO Limited Corporate Surveillance - - ST-3 - 30-Dec-15

589 GETCO Telecommunications Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-4 Negative 30-Jun-16

590 Ghosh Automatic Rice Mill SME Initial Rating CRAB-SE 4 - - 27-May-16

591 Ghulam Mortaza Biswas Corporate Surveillance - - ST-5 - 5-Dec-15

592 Giant Textiles Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 22-Oct-15

593 Glasstech Ltd. SME Surveillance CRAB-SE 3 - - 29-Dec-15

594 Global Brand (Pvt) Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

595 Global Fabrics (Pvt.) Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Negative 30-Dec-15

596 Global Shirts Ltd. Corporate Surveillance A3 - ST-3 Stable 30-Jun-16

597 Global Specialized Garments Ltd. Corporate Surveillance A2 - ST-3 Stable 30-Jun-16


14




598 Globe Agrovet Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 11-Dec-15

599 Globe Biscuits & Dairy Milk Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 17-Oct-15

600 Globe Drugs Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 17-Oct-15

601 Globe Fisheries Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 17-Nov-15

602 Globe Pharmaceuticals Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 17-Oct-15

603 Globe Soft Drinks Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 17-Oct-15

604 Glory Recycling Oil Industries Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 21-Sep-16

605 GokalDas Images (BD) Pvt. Ltd. Corporate Surveillance - - ST-3 - 15-Dec-15

606 Golam Mostafa Traders SME Surveillance CRAB-SE 4 - - 17-Jun-16

607 Golam Mostofa Miah SME Initial Rating CRAB-SE 3 - - 22-Oct-15

608 Gold Star Garments Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 18-Feb-16

609 Golden Containers Ltd. Corporate Surveillance BB2 BB1(Lr) ST-1 Stable 5-Dec-15

610 Golden Enterprise SME Initial Rating CRAB-SE 3 - - 11-Feb-16

611 Golden Son Ltd. Corporate Surveillance AA3 - ST-3 Stable 30-Jun-16

612 Golden Steel Alloy Works Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 25-Feb-16

613 Good Luck Flour Mills SME Surveillance CRAB-SE 3 - - 17-Dec-15

614 Good Rich Sweaters Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-16

615 Goribay Nawaj Enterprise SME Surveillance CRAB-SE 3 - - 19-May-16

616 Gothic Design Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

617 Goura Bhandar SME Initial Rating CRAB-SE 4 - - 4-Mar-16

618 Gous Garments Industries Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 15-Dec-15

619 GPH Ispat Ltd. Corporate Surveillance AA3 - ST-2 Stable 24-Sep-16

620 GQ Ball Pen Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

621 Gram Bangla Tubes Ltd. Corporate Surveillance - - ST-3 - 30-Jun-16

622 Grameenphone Ltd. Corporate Surveillance AAA AAA(Lr) ST-1 Stable 31-Dec-15

623 Grand Trading Enterprise Ltd. Corporate Initial Rating BBB3 - ST-4 Stable 2-Sep-16

624 Graphics Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 10-Dec-15

625 Graphics Textiles Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 27-Mar-16

626 Great Wall Ceramics Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

627 Green Granite & Marble Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-16

628 Green Housing & Energy Ltd. Corporate Surveillance BB1 BB1(Lr) - Stable 22-Dec-15

629 Greenland Apparels Ltd. SME Initial Rating CRAB-ME 4 - - 5-Aug-16

630 Gulf Knitting & Textile Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 29-Dec-15

631 Gulf Oil Bangladesh Ltd. Corporate Surveillance BBB2 - ST-3 Stable 30-Jun-16

632 Gulf Travels Corporate Surveillance - BB3(Lr) - - 15-Dec-15

633 Gulshan Enterprise SME Initial Rating CRAB-SE 3 - - 11-Nov-15

634 Gunabati Traders SME Initial Rating CRAB-SE 4 - - 22-Oct-15

635 Gunjan Engineering Works Ltd. Corporate Surveillance CC - ST-6 - 20-Nov-15

636 Gunjan Metal Works Ltd. Corporate Surveillance - B3(Lr) ST-5 - 20-Nov-15

637 H I Apparels Ltd. SME Initial Rating CRAB-ME 5 - - 20-May-16

638 H K Apparels Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 - 18-Feb-16

639 H K Steel Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 14-Dec-15

640 H M Corporation SME Initial Rating CRAB-SE 3 - - 29-Sep-16


15




641 H M Electric Store SME Initial Rating CRAB-SE 4 - - 13-May-16

642 H R Enterprise Corporate Surveillance - - ST-4 - 15-Dec-15

643 H R Transport Agency SME Initial Rating CRAB-ME 3 - - 17-Nov-15

644 Habib Aggregate Industry SME Surveillance CRAB-SE 3 - - 31-Mar-16

645 Habib Brothers Corporate Surveillance - BB1(Lr) - - 21-May-16

646 Habib Enterprise (IBBL) Corporate Surveillance - - ST-4 - 30-Sep-15

647 Habib Enterprise (NBL) SME Initial Rating CRAB-SE 4 - - 2-Sep-16

648 Habiganj Agro Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 29-Sep-16

649 Hadia Nur Enterprise SME Initial Rating CRAB-ME 3 - - 15-Sep-16

650 Hafeza General Store SME Initial Rating CRAB-SE 4 - - 5-Apr-16

651 Hafizur & Brothers SME Initial Rating CRAB-SE 4 - - 29-Dec-15

652 Hafsa Food Product SME Initial Rating CRAB-SE 3 - - 29-Oct-15

653 Haider Machinaries Corporate Initial Rating - BB1(Lr) ST-4 - 21-Mar-16

654 Haider Machinery Store Corporate Initial Rating - BB1(Lr) ST-4 - 20-May-16

655 Hajee Abdul Gafur & Alamgir Steel & Iron SME Initial Rating CRAB-SE 4 - - 12-Apr-16

656 Hajee Abdul Gafur Sowdagor SME Surveillance CRAB-SE 4 - - 10-May-16

657 Haji Dana Miah and Sons Corporate Surveillance - BB1(Lr) ST-3 - 30-Jun-16

658 Haji Enterprise & It's Sister Concern SME Initial Rating CRAB-SE 4 - - 20-May-16

659 Haji Kabir Ahmed Corporate Surveillance - - ST-3 - 13-Dec-15

660 Haji Md Asad Mia SME Initial Rating CRAB-SE 4 - - 5-Nov-15

661 Haji Saber Ahmed Timber Co. Ltd. SME Initial Rating CRAB-ME 4 - - 29-Sep-16

662 Hakim & Sons Corporate Surveillance - - ST-4 - 13-Mar-16

663 Hakim Variety Store SME Initial Rating CRAB-SE 4 - - 5-Aug-16

664 Halda Enterprise Ltd. Corporate Surveillance - B1(Lr) ST-5 - 11-Dec-15

665 Hamdard Laboratories (WAQF) Bangladesh Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 14-Dec-15

666 Ha-Meem Denim Mills Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 31-Oct-15

667 Hamid Fabrics Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-15

668 Hamid Weaving Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Dec-15

669 Hamida Plastic Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

670 Hanif Miah SME Initial Rating CRAB-SE 4 - - 12-Apr-16

671 Hanifi Auto Board Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 19-Dec-15

672 Hannan CNG Station Corporate Surveillance - BB3(Lr) ST-4 - 19-Mar-16

673 Haque & Co. SME Initial Rating CRAB-SE 3 - - 29-Mar-16

674 Haque & Co. (Dry Cell) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Dec-15

675 Haque & Company Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Dec-15

676 Haque & Sons SME Initial Rating CRAB-SE 4 - - 15-Sep-16

677 Haque Brothers (Carbide) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Dec-15

678 Haque Brothers (Industries) Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 28-Dec-15

679 Haque Enterprise Corporate Surveillance - - ST-3 - 27-Jun-16

680 Haque Sanitary & Hardware SME Surveillance CRAB-SE 4 - - 29-Sep-16

681 Haque Store SME Surveillance CRAB-SE 4 - - 30-Jun-16

682 Haque Textile SME Initial Rating CRAB-ME 3 - - 29-Mar-16

683 Haque Trade International SME Initial Rating CRAB-SE 4 - - 19-Dec-15


16




684 Haroon Engineering Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Mar-16

685 Harun Flour Mills Ltd. Corporate Surveillance - BB1(Lr) - - 2-Apr-16

686 Hasan Book Depot Corporate Surveillance - BBB2(Lr) ST-3 - 14-Nov-15

687 Hasan Flour Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

688 Hasan Trade Corporate Surveillance - - ST-3 - 27-Sep-16

689 Hashmatullah Knitwear Ltd. Corporate Surveillance BB2 - ST-4 Stable 28-Aug-16

690 Hasib Electric Corporate Surveillance - - ST-3 - 30-Jun-16

691 Hasna Corporation SME Initial Rating CRAB-SE 4 - - 11-Aug-16

692 Hassan Brothers Corporate Surveillance - BBB2(Lr) ST-3 - 15-Dec-15

693 Hazarat Tayabia Corporation SME Initial Rating CRAB-SE 4 - - 3-Jun-16

694 Hazi Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 12-Apr-16

695 Hazi Distribution SME Initial Rating CRAB-SE 4 - - 29-Oct-15

696 Hazi Nur Begum Furniture SME Surveillance CRAB-SE 3 - - 8-Jul-16

697 Hazi Textile SME Initial Rating CRAB-SE 4 - - 30-Dec-15

698 Hazrat Ali Traders SME Initial Rating CRAB-SE 4 - - 9-Sep-16

699 Hedayet & Brothers Corporate Surveillance - BBB3(Lr) ST-3 - 11-Dec-15

700 Hejaj Steel Corporate Initial Rating - BB1(Lr) ST-4 - 18-Oct-15

701 Hena Enterprise SME Initial Rating CRAB-SE 4 - - 11-Mar-16

702 Heritage Polymer & Lami Tubes Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 19-Mar-16

703 Hi-Fashion Composite Textiles Ltd. Corporate Surveillance BB2 - ST-4 Stable 10-May-16

704 Himalaya Ltd. Corporate Surveillance BB1 - ST-3 Stable 2-Sep-16

705 Holy Cross International School Corporate Surveillance B2(Pr) - - - 14-Dec-15

706 Home Collection SME Surveillance CRAB-SE 4 - - 25-Sep-16

707 Homeland Chemical Industries Ltd. Corporate Surveillance - BBB3(Lr) - - 2-Dec-15

708 Hoque & Sons Enterprise SME Initial Rating CRAB-SE 5 - - 11-Feb-16

709 Hoque Traders SME Initial Rating CRAB-SE 4 - - 22-Oct-15

710 Horizon Fashion Wear Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

711 Hospicare BD Ltd. SME Surveillance CRAB-SE 3 - - 7-Jul-16

712 Hossain Ali Traders SME Initial Rating CRAB-SE 3 - - 17-Nov-15

713 Hossain International Corporate Surveillance - BBB2(Lr) ST-3 - 22-Jan-16

714 Hotel Mishuk Raj Bangshi & Co. Pvt. Ltd. SME Initial Rating CRAB-ME 4 - - 22-Oct-15

715 Hotel Naz Garden SME Initial Rating CRAB-ME 3 - - 12-Jul-16

716 Hotel Sea Place Ltd. Corporate Surveillance A3 A3(Lr) - Stable 30-Dec-15

717 Hridoy Traders SME Initial Rating CRAB-SE 4 - - 14-Dec-15

718 HRM Accessories Ltd. SME Initial Rating CRAB-ME 4 - - 19-Aug-16

719 HRM Corporation SME Initial Rating CRAB-ME 3 - - 15-Sep-16

720 HTMS Packaging Ind. Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 30-Jun-16

721 Humayun Enterprise SME Initial Rating CRAB-SE 3 - - 5-Apr-16

722 Humayun Enterprise-2 SME Initial Rating CRAB-SE 3 - - 5-Apr-16

723 Hydroxide Knitwear Ltd. Corporate Surveillance BBB1 - ST-3 Stable 10-Aug-16

724 Hyopshin Co. Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable 6-Jul-16

725 Ideal Electrical Enterprise Ltd. Corporate Surveillance - - ST-1, ST-2 - 15-May-16

726 Idris & Company (Pvt.) Ltd. Corporate Surveillance BB3 BB3(Lr) - Stable 29-Dec-15


17




727 IFAD Autos Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Dec-15

728 IFAD Multi Products Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Nov-15

729 Image Highway Filling Station SME Initial Rating CRAB-SE 4 - - 13-May-16

730 Imon Bastra Biponi SME Initial Rating CRAB-SE 4 - - 29-Oct-15

731 Imperial Embroidery Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Positive 29-Jun-16

732 Impex Trade International Corporate Surveillance - - ST-3 - 30-Apr-16

733 Index Agro Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 18-Jun-16

734 Information Technology Consultants Ltd. Corporate Initial Rating A3 A3(Lr) ST-2, ST-3 Stable 30-Dec-15

735 Infrastructure Development Company Ltd. Corporate Surveillance AAA - ST-1 Stable 31-Dec-15

736 Innstyle Fashion Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Nov-15

737 INTEFA Corporate Surveillance - - ST-3 - 30-Jun-16

738 Integrated Security Services Ltd. Corporate Surveillance - BBB3(Lr) - - 25-Mar-16

739 Interfab Shirt Manufacturing Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

740 Interlink Accessories Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Dec-15

741 Interlink Accessories Ltd. SME Initial Rating CRAB-ME 3 - - 31-Dec-15

742 Interlink Apparels Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Dec-15

743 Interlink Dresses Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Dec-15

744 International Shirt Line Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 21-Nov-15

745 International Trading Services Ltd. Corporate Surveillance BBB1 - ST-3 Stable 31-Jul-16

746 Intimates Elastic Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Mar-16

747 Inventa Pro Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 25-Nov-15

748 Ipshu Trading SME Initial Rating CRAB-SE 5 - - 24-Jun-16

749 Iqbal & Brothers SME Initial Rating CRAB-ME 4 - - 23-Dec-15

750 Iqbal Trading Corporation Corporate Initial Rating - BB1(Lr) ST-4 - 11-Nov-15

751 Ireen Thai Aluminium SME Surveillance CRAB-SE 3 - - 21-May-16

752 Islam Brothers & Co. Corporate Surveillance - - ST-3 - 31-Oct-15

753 Islam Pack & Accessories Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-15

754 Islamabad Rice Mill SME Initial Rating CRAB-SE 4 - - 25-Nov-15

755 Islamia Filament Industries Corporate Surveillance - - ST-3 - 30-Jun-16

756 Ismail Poultry Feed Corporate Initial Rating - BB1(Lr) ST-4 - 30-Apr-16

757 Iso Tech Chemical Industries Ltd. Corporate Surveillance - BB3(Lr) - - 29-Sep-16

758 Ispahani Foods Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 15-Dec-15

759 J B Cylinder Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 7-Nov-15

760 J B Oil Mills Corporate Surveillance - BB1(Lr) - - 30-Dec-15

761 J H Brothers SME Initial Rating CRAB-ME 3 - - 6-May-16

762 J K Corporation SME Initial Rating CRAB-SE 3 - - 29-Sep-16

763 J K Cotton Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

764 J K International Corporate Surveillance - - ST-4 - 30-Jun-16

765 J K Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

766 J K Shirt & Fabrics Ltd. Corporate Surveillance - - ST-4 - 29-Apr-16

767 J K Spinning Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

768 J K Synthetic Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

769 J M Steel Corporate Surveillance - BB1(Lr) - - 22-Jun-16


18




770 J N Industries Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 28-Feb-16

771 J R Corporation Corporate Initial Rating - BBB2(Lr) ST-3 - 30-Dec-15

772 J R Trading SME Initial Rating CRAB-SE 4 - - 11-Feb-16

773 J S C Products SME Initial Rating CRAB-ME 4 - - 25-Nov-15

774 Jafar & Co SME Surveillance CRAB-ME 3 - - 24-Sep-16

775 Jahangir & Others Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 6-Dec-15

776 Jahangir Enterprise SME Surveillance CRAB-SE 3 - - 29-May-16

777 Jahangir Iron Mart SME Surveillance CRAB-ME 4 - - 29-Jun-16

778 Jahangir Store SME Initial Rating CRAB-ME 4 - - 5-Aug-16

779 Jahir Textile SME Initial Rating CRAB-SE 3 - - 22-Oct-15

780 Jalal Ahmed Spinning Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

781 Jalalabad Flour Mills Ltd. SME Initial Rating CRAB-ME 3 - - 21-Sep-16

782 Jamal & Brothers SME Initial Rating CRAB-SE 3 - - 9-Sep-16

783 Jamal Construction Company SME Surveillance CRAB-SE 5 - - 24-Nov-15

784 Jamal Enterprise (Ctg.) SME Surveillance CRAB-SE 3 - - 28-Jan-16

785 Jamuna Auto Rice Mill Corporate Surveillance - BB1(Lr) ST-3 - 10-Oct-15

786 Jamuna Bricks Manufacturing Company SME Surveillance CRAB-SE 4 - - 9-Sep-16

787 Jamuna Jute Industries Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 4-Dec-15

788 Jamuna Major Auto Rice Mill SME Initial Rating CRAB-ME 4 - - 5-Aug-16

789 Jamuna Seeds Storage (Pvt.) Ltd. Corporate Surveillance - BB2(Lr) - - 20-Dec-15

790 Janata Chira & Muri Mill & its sister concern SME Initial Rating CRAB-SE 3 - - 22-Oct-15

791 Janata Machineries Corporate Surveillance - BB1(Lr) ST-3 - 31-Oct-15

792 Jannat Enterprise SME Initial Rating CRAB-SE 4 - - 25-Feb-16

793 Jannat Flour Mills Corporate Surveillance - - ST-3 - 30-Sep-16

794 Janoprio Agency SME Initial Rating CRAB-SE 3 - - 6-May-16

795 Jans Elastica Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 2-Dec-15

796 Japan Solartech (Bangladesh) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 19-Mar-16

797 Jar World Ltd. SME Initial Rating CRAB-SE 4 - - 14-Dec-15

798 Jarina Metal Works Corporate Initial Rating - BB2(Lr) ST-4 - 30-Dec-15

799 Jashim & Brothers Corporate Surveillance - - ST-3 - 13-Dec-15

800 Jashim Bricks Manufacturing SME Surveillance CRAB-SE 4 - - 15-Sep-16

801 Jasim Timber Traders SME Initial Rating CRAB-SE 4 - - 27-May-16

802 JBL Drug Laboratories SME Initial Rating CRAB-SE 4 - - 25-Nov-15

803 Jeans Manufacturing Co. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 20-Aug-16

804 Jeans Treat Ltd. SME Initial Rating CRAB-SE 4 - - 15-Sep-16

805 Jemi Traders Corporate Surveillance - BBB3(Lr) ST-3 - 25-Jun-16

806 Jes Motors Corporate Surveillance BB1 BBB3(Lr) ST-3 Stable 19-Dec-15

807 Jewel Brothers SME Surveillance CRAB-ME 3 - - 21-May-16

808 Jharna Enterprise SME Initial Rating CRAB-SE 4 - - 22-Apr-16

809 Jharna Fish Feed Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 4-Feb-16

810 Jilan Motors SME Surveillance CRAB-ME 4 - - 22-Jul-16

811 Jim Enterprise SME Initial Rating CRAB-SE 3 - - 25-Nov-15

812 JMG International SME Surveillance CRAB-SE 3 - - 18-Jun-16


19




813 JMS Garments Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-1, ST-3 Stable 15-Dec-15

814 Jononi Traders SME Initial Rating CRAB-SE 4 - - 7-Jan-16

815 Josnara Auto Rice Mills SME Initial Rating CRAB-ME 3 - - 6-Oct-16

816 Joty Plastic Company Corporate Surveillance - BBB1(Lr) - - 28-Dec-15

817 Joy Enterprise SME Initial Rating CRAB-SE 3 - - 11-Aug-16

818 Joy Flour Mills SME Surveillance CRAB-SE 3 - - 21-Sep-16

819 Joy Jute Mills SME Surveillance CRAB-SE 4 - - 21-Sep-16

820 Joy Tex SME Initial Rating CRAB-SE 3 - - 2-Sep-16

821 Joynal Abedin SME Initial Rating CRAB-SE 4 - - 27-May-16

822 Joynpuri Ashrafia Textile Mills SME Initial Rating CRAB-ME 3 - - 19-Aug-16

823 Joypara Lungi Corporate Surveillance - BBB3(Lr) ST-3 - 28-Jan-16

824 Jubilee Footwear (Pvt) Ltd. SME Initial Rating CRAB-SE 3 - - 17-Nov-15

825 Jubilee Shoe Center SME Initial Rating CRAB-SE 3 - - 17-Nov-15

826 Julfikar Fashion's Ltd. Corporate Surveillance - - ST-4 - 23-Dec-15

827 Juvenile Construction Corporate Surveillance - - ST-3 - 31-Oct-15

828 Juvenile Trade Int’l Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 31-Oct-15

829 K D A Motors SME Surveillance CRAB-SE 4 - - 25-Jun-16

830 K H International SME Initial Rating CRAB-SE 4 - - 26-Jun-16

831 K R Electronics SME Initial Rating CRAB-ME 3 - - 5-Aug-16

832 K R Trading SME Initial Rating CRAB-SE 3 - - 15-Sep-16

833 Kabir Auto Agency SME Initial Rating CRAB-ME 4 - - 11-Aug-16

834 Kader Motors & Engineering Workshop SME Initial Rating CRAB-SE 4 - - 11-Aug-16

835 Kais Enterprise SME Initial Rating CRAB-SE 3 - - 4-Mar-16

836 Kaiser Enterprise SME Initial Rating CRAB-SE 4 - - 21-Sep-16

837 Kajol & Sons SME Initial Rating CRAB-SE 4 - - 24-Jun-16

838 Kalam Traders & Sons SME Initial Rating CRAB-SE 4 - - 21-Mar-16

839 Kallandi Textile Corporate Surveillance - - ST-3 - 30-Jun-16

840 Kamal & Brothers (CTG.) Corporate Surveillance - BBB3(Lr) ST-3 - 21-Dec-15

841 Kamal & Brothers (MTBL) SME Initial Rating CRAB-SE 4 - - 27-May-16

842 Kamal Iron Mart SME Surveillance CRAB-SE 4 - - 29-Sep-16

843 Kamal Kanti Sen SME Surveillance CRAB-SE 4 - - 4-Feb-16

844 Kamal Motors Corporate Initial Rating - BB1(Lr) - - 25-Nov-15

845 Kamrul Hasan Chowdhury SME Initial Rating CRAB-SE 4 - - 14-Dec-15

846 Kanchan Tailors & Cloth Store SME Surveillance CRAB-SE 4 - - 24-Sep-16

847 Kangaroo Foot Wear Inds. Ltd. Corporate Surveillance BBB2 - ST-3 Stable 29-Sep-16

848 Kanok Enterprise SME Initial Rating CRAB-SE 4 - - 11-Aug-16

849 Kanta Food Industries SME Initial Rating CRAB-SE 4 - - 21-Sep-16

850 Karib Auto Ltd. SME Initial Rating CRAB-SE 4 - - 17-Nov-15

851 Karim Spinning Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16

852 Karim Textiles Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16

853 Karooni Knit Composite Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

854 Karotoa Spinning Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 31-Dec-15

855 Karotoa Tea Associate Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 12-Mar-16


20




856 Kartik Store SME Initial Rating CRAB-SE 3 - - 25-Feb-16

857 Kashem & Rahman Printing Press SME Initial Rating CRAB-SE 4 - - 15-Jun-16

858 Kashful Textile Corporate Initial Rating - BB3(Lr) ST-4 - 5-Nov-15

859 Kashipur Boil Salt Washing Factory Corporate Surveillance - BB1(Lr) - - 30-Mar-16

860 Kausar Hamid Textile SME Initial Rating CRAB-SE 3 - - 22-Oct-15

861 Kazi Arfanur Rahman SME Surveillance CRAB-SE 4 - - 8-Dec-15

862 Kazi Enterprise SME Surveillance CRAB-SE 4 - - 3-Jun-16

863 Kazi Enterprise SME Initial Rating CRAB-SE 5 - - 22-Oct-15

864 Kazi Paribahan Shangstha SME Initial Rating CRAB-SE 3 - - 22-Apr-16

865 Kazipur Fashions Ltd. Corporate Surveillance AA3 - ST-2 Stable 30-Jun-16

866 KBC Recycling SME Initial Rating CRAB-ME 3 - - 13-May-16

867 Kemiko Pharmaceuticals Ltd. Corporate Surveillance BBB2 - ST-3 Stable 18-Jun-16

868 Keya Super Shop SME Initial Rating CRAB-SE 4 - - 19-Aug-16

869 Khadim Ceramics Ltd. Corporate Initial Rating - A2(Lr),BBB3(Lr) ST-3,ST-1 - 4-Mar-16

870 Khaja Polythine Mart SME Initial Rating CRAB-SE 4 - - 8-Dec-15

871 Khalek Iron Store SME Initial Rating CRAB-SE 3 - - 29-Oct-15

872 Khan & Sons Corporate Surveillance - BB1(Lr) ST-4 - 14-Nov-15

873 Khan & Sons Auto Rice Mill Corporate Surveillance - BB1(Lr) ST-4 - 5-Aug-16

874 Khan Auto Rice Mill Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 14-Nov-15

875 Khan Brothers & Co. SME Initial Rating CRAB-SE 4 - - 26-Aug-16

876 Khan Complex Corporate Surveillance - BB2(Lr) - - 31-May-16

877 Khan Electronics SME Initial Rating CRAB-ME 3 - - 5-Aug-16

878 Khan Enterprise SME Initial Rating CRAB-SE 4 - - 6-Oct-16

879 Khan Enterprise (AAIBL) SME Initial Rating CRAB-SE 4 - - 15-Dec-15

880 Khan PVC Pipe Factory SME Initial Rating CRAB-SE 4 - - 26-Aug-16

881 Khan Timber & Saw Mill SME Initial Rating CRAB-SE 4 - - 9-Sep-16

882 Khan Traders SME Initial Rating CRAB-ME 4 - - 19-Dec-15

883 Khandaker Store SME Surveillance CRAB-SE 3 - - 23-Dec-15

884 Khandoker Brothers Corporate Initial Rating - BBB2(Lr) ST-3 - 15-Dec-15

885 Khandoker Enterprise Corporate Initial Rating - BBB2(Lr) ST-3 - 15-Dec-15

886 Khaza Trading SME Initial Rating CRAB-SE 4 - - 22-Oct-15

887 Khondoker Traders SME Initial Rating CRAB-SE 3 - - 20-May-16

888 Khoshroz Kitab Mahal Corporate Surveillance - BBB1(Lr) - - 26-Mar-16

889 Khulna Trading Corporate Surveillance - BBB3(Lr) ST-3 - 29-Sep-16

890 Khushi International SME Initial Rating CRAB-SE 4 - - 13-May-16

891 Kibria Agro Industries Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-16

892 Kibria Traders Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-16

893 King Wood SME Initial Rating CRAB-SE 4 - - 29-Sep-16

894 Kiribati Enterprise Corporate Initial Rating - A1(Lr) ST-3 - 11-Feb-16

895 Knit & Knittex (Pvt) Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 30-Jun-16

896 Knit City Ltd. Corporate Initial Rating - - ST-3 - 30-Dec-15

897 Knit Concept Ltd. Corporate Surveillance BB3 BB3(Lr) ST-3 Stable 30-Sep-15

898 Knit World Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 7-Jul-16


21




899 Knittex Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

900 Kohinoor Enterprise SME Initial Rating CRAB-ME 3 - - 29-Apr-16

901 Kohinoor Textile SME Initial Rating CRAB-SE 4 - - 29-Oct-15

902 Kolka CNG SME Initial Rating CRAB-SE 4 - - 12-Mar-16

903 Kores Bangladesh Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 4-Mar-16

904 Krishan Auto Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 21-Dec-15

905 Krishan Enterprise Corporate Surveillance - BBB3(Lr) ST-3 - 21-Dec-15

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

907 Kuakata Sea Foods Ltd. Corporate Surveillance BB2(Pr) - - - 29-Mar-16

908 Kushtia Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 30-Mar-16

909 L M Trading House SME Initial Rating CRAB-ME 4 - - 14-Dec-15

910 Laila Food Products Ltd. Corporate Surveillance BB1 - ST-4 Stable 31-Mar-16

911 Lakdhanavi Bangla Power Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 12-Feb-16

912 Lal Mia & Co SME Surveillance CRAB-ME 4 - - 30-Jun-16

913 Lal Teer Seed Ltd. Corporate Surveillance BBB1 - ST-3 Stable 30-Dec-15

914 Lamesa Chemical SME Surveillance CRAB-ME 4 - - 28-Apr-16

915 Lantus Holdings Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

916 Latif Traders SME Initial Rating CRAB-SE 3 - - 6-Jul-16

917 Laxmi Vander Corporate Surveillance - BBB3(Lr) - - 15-Jun-16

918 Lee Tsai Steel Ltd. Corporate Initial Rating - - ST-3 - 6-Jul-16

919 Les Pulls D'Alex Ltd. Corporate Surveillance BB3 - ST-4 Stable 30-Jun-16

920 Limb Associates SME Surveillance CRAB-SE 4 - - 25-Sep-16

921 Lira Industries Enterprise Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-May-16

922 Lira Polymer Industries Corporate Surveillance - BBB2(Lr) ST-3 - 28-May-16

923 Lithe Apparel Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 26-Jan-16

924 Liton Enterprise SME Initial Rating CRAB-SE 4 - - 29-Jun-16

925 Liz Fashion Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-2 Stable 15-Dec-15

926 Liza Garments Corporate Surveillance - BB1(Lr) ST-3 - 15-Dec-15

927 Liza Timber & Hardware Corporate Initial Rating - BB2(Lr) - - 5-Nov-15

928 Lodestar Fashions Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 28-Dec-15

929 Lodestar Packaging Ltd. SME Surveillance CRAB-ME 4 - - 28-Dec-15

930 Logistics Management Services Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

931 Loknath Cotton Center SME Initial Rating CRAB-SE 4 - - 27-May-16

932 Loknath Flour & Foods Industries SME Initial Rating CRAB-ME 4 - - 23-Dec-15

933 Lovely Food Industries (Pvt) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-16

934 Lub House Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

935 Lucky & Aukhy Traders Corporate Surveillance - BB1(Lr) ST-3 - 19-Mar-16

936 Lucky Star Apparels Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 29-Jun-16

937 Lukman Agro Fisheries Ltd. Corporate Initial Rating - - ST-3 - 29-Sep-16

938 L'Usine Fashion Ltd. Corporate Initial Rating A3 - ST-3 Stable 2-Sep-16

939 M A Rahman Enterprise SME Initial Rating CRAB-SE 4 - - 17-Jun-16

940 M A Zig-Zag Bricks Manufacture Corporate Initial Rating - BB2(Lr) - - 29-Oct-15

941 M Ali Textile Corporate Surveillance - BBB2(Lr) ST-3 - 1-Dec-15


22




942 M Aziz Enterprise SME Surveillance CRAB-ME 3 - - 7-May-16

943 M D Steel Custing Industries Ltd. Corporate Surveillance BBB3 - ST-3 Stable 30-Jun-16

944 M E Z Bricks SME Initial Rating CRAB-SE 4 - - 19-Dec-15

945 M G Trading Co. SME Surveillance CRAB-SE 4 - - 30-Mar-16

946 M H Enterprise SME Initial Rating CRAB-ME 3 - - 5-Aug-16

947 M H Traders SME Initial Rating CRAB-SE 3 - - 6-May-16

948 M I Cement Factory Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 15-Dec-15

949 M K Enterprise Corporate Surveillance - - ST-3 - 5-Mar-16

950 M M Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

951 M M Ispahani Ltd. Corporate Surveillance AA1 - ST-1 Stable 29-Jun-16

952 M N Cables Industries SME Initial Rating CRAB-SE 3 - - 20-May-16

953 M N Fishing Ltd. Corporate Surveillance - BB1(Lr) - - 22-Apr-16

954 M N Huda Construction Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Sep-16

955 M N International SME Surveillance CRAB-ME 4 - - 3-Jun-16

956 M N Traders SME Surveillance CRAB-SE 4 - - 2-May-16

957 M R Brothers Corporate Surveillance - A3(Lr) - - 30-Dec-15

958 M R C Bricks SME Initial Rating CRAB-SE 4 - - 17-Jun-16

959 M R Rice & Flour Mill Corporate Surveillance - - ST-3 - 30-Nov-15

960 M Rahman Steel Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 19-Mar-16

961 M S Attires Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 6-Nov-15

962 M S Jute Shoe Thread & Accessories Factory Corporate Surveillance - BBB3(Lr) ST-3 - 28-Apr-16

963 M S S Bricks Manufacturing Co. Corporate Initial Rating - - ST-4 - 22-Oct-15

964 M/s Abbas Ahmed SME Initial Rating CRAB-SE 5 - - 29-Jul-16

965 M/s Abdur Rahim SME Initial Rating CRAB-SE 4 - - 5-Apr-16

966 M/s Dody Corporate Surveillance - - ST-4 - 31-May-16

967 M/s Hossain Ahmed Corporate Surveillance - BB2(Lr) - - 11-Dec-15

968 M/s Kripa SME Initial Rating CRAB-SE 3 - - 29-Sep-16

969 M/s Md Abul Khair SME Initial Rating CRAB-SE 4 - - 6-Jul-16

970 M/s Md. Lutfor Rahman SME Initial Rating CRAB-SE 4 - - 9-Sep-16

971 M/s Muhibur Rahman Corporate Surveillance - - ST-3 - 30-Nov-15

972 M/s Nazrul Islam Khan Corporate Initial Rating - BB1(Lr) - - 22-Apr-16

973 M/s Salman Khurshid Corporate Surveillance - BB2(Lr) ST-4 - 7-Nov-15

974 M/s Serajul Haque Corporate Surveillance - BBB3(Lr) - - 21-May-16

975 M/s Shadow Corporate Surveillance - BB1(Lr) ST-3 - 3-Apr-16

976 M/s Sirajullah SME Initial Rating CRAB-SE 4 - - 21-Mar-16

977 M/s Tazul Islam Corporate Surveillance - BB2(Lr) ST-4 - 30-Jul-16

978 Maa Bhandary Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 30-Nov-15

979 Maa Sakhina Textile Mills SME Initial Rating CRAB-ME 3 - - 4-Feb-16

980 Maa Shaheda Khatun Food Industries SME Initial Rating CRAB-SE 3 - - 24-Jun-16

981 Maa Steel Technology SME Surveillance CRAB-SE 4 - - 4-Jun-16

982 Maati Properties Ltd. Corporate Initial Rating - BB1(Lr) - - 6-Oct-16

983 MACK Shirts Ltd. Corporate Initial Rating BBB3 - ST-3 Stable 11-Aug-16

984 Madan Gopal Paul SME Initial Rating CRAB-SE 4 - - 12-Apr-16


23




985 Madina Auto Rice Mill Corporate Surveillance - BB1(Lr) - - 21-May-16

986 Madina Cement Industries Ltd. Corporate Surveillance A1 A1 (Lr) ST-3 Stable 31-Dec-15

987 Madina Oxyzen & Steel Ltd. Corporate Surveillance - BB3(Lr) - - 11-Nov-15

988 Madina Poly Fibre Ltd. Corporate Initial Rating - A3(Lr) ST-3 - 17-Nov-15

989 Madina Store & Sister Concern SME Initial Rating CRAB-ME 3 - - 2-Dec-15

990 MAF Newsprint Mills Ltd. Corporate Surveillance BBB3 - ST-4 Stable 26-Aug-16

991 MAF Shoes Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 6-Jun-16

992 Magnum Marketing Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

993 Magnum Steel Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Oct-15

994 Mahboob Apparels Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Mar-16

995 Maheen Enterprise Corporate Surveillance - BB1(Lr) ST-5 - 15-Dec-15

996 Mahek Enterprise Corporate Surveillance - BBB3(Lr) - - 29-Dec-15

997 Mahfuz & Brothers Corporate Surveillance - BBB3(Lr) ST-3 - 29-Mar-16

998 Mahmud Hossain SME Initial Rating CRAB-SE 3 - - 11-Feb-16

999 Majumder Products Ltd. Corporate Surveillance - BBB1(Lr) - - 17-Jun-16

1000 MAK Corporation Corporate Surveillance - - ST-4 - 30-Mar-16

1001 Makka Jute Trading Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Mar-16

1002 Makka Paper & Board Mills Ltd. Corporate Surveillance - A3(Lr) ST-3 - 20-Nov-15

1003 Mala Textile SME Initial Rating CRAB-SE 4 - - 15-Sep-16

1004 Mamtaz Traders SME Initial Rating CRAB-SE 4 - - 29-Oct-15

1005 Mamun Agro Products Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 31-Mar-16

1006 Mamun Traders SME Initial Rating CRAB-SE 3 - - 12-Apr-16

1007 MAN Enterprise SME Initial Rating CRAB-ME 4 - - 22-Oct-15

1008 Manvil Styles Ltd. Corporate Surveillance - B1(Lr) ST-5 - 29-Dec-15

1009 Maolana Traders SME Initial Rating CRAB-SE 4 - - 20-May-16

1010 Marhaba Enterprise SME Initial Rating CRAB-SE 4 - - 6-Oct-16

1011 Marine Explorer Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 26-Aug-16

1012 Marium Textile Mills Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable 29-Jun-16

1013 Marshal Agrovet Chemical Industries Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 17-Dec-15

1014 Mashal Al Tamiz Trading Corporate Initial Rating - BB1(Lr) - - 14-Dec-15

1015 Mashrifa Food Products Ltd. Corporate Surveillance BBB3 - - Stable 30-Jun-16

1016 Masswell Packers Ltd. SME Initial Rating CRAB-SE 4 - - 20-May-16

1017 Master & Brothers Corporate Surveillance - - ST-4 - 17-Jun-16

1018 Master Electronics SME Surveillance CRAB-SE 4 - - 29-Sep-16

1019 Master Nayan Oil Mill & Chaul Kall SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1020 Master Simex Paper Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 25-Jun-16

1021 Master Traders (AAIBL) SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1022 Master Traders (UCBL) SME Initial Rating CRAB-SE 4 - - 13-May-16

1023 Masu & Sons SME Initial Rating CRAB-SE 4 - - 17-Nov-15

1024 Masud & Brothers Corporate Surveillance - A3(Lr) ST-1, ST-3 - 15-Dec-15

1025 Masud Motors SME Initial Rating CRAB-SE 4 - - 21-Mar-16

1026 Matador Ball Pen Industries Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Nov-15

1027 Matex Bangladesh Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable 31-Dec-15


24




1028 Matla Enterprise SME Initial Rating CRAB-SE 4 - - 25-Feb-16

1029 Matrix Styles Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-16

1030 Maverick Traders SME Initial Rating CRAB-SE 4 - - 26-Aug-16

1031 Mawla Textile Mills (Pvt) Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 22-Apr-16

1032 Max Automobile SME Surveillance CRAB-SE 4 - - 30-Jun-16

1033 Max Automobile Products Ltd. Corporate Surveillance A1 A1(Lr) ST-1, ST-2 Stable 30-Dec-15

1034 Maya Oil Mill SME Initial Rating CRAB-SE 4 - - 5-Apr-16

1035 Mayc's Garments Ltd. Corporate Initial Rating BB1 - ST-3 Stable 5-Aug-16

1036 Mayer Doa Matsho Khamar Corporate Surveillance - BB1(Lr) - - 5-Dec-15

1037 Mayer Doya Traders Corporate Initial Rating - BB2(Lr) - - 30-Sep-15

1038 Mayer Dua Traders SME Initial Rating CRAB-SE 4 - - 16-Sep-16

1039 Mazidsons Construction Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 12-Apr-16

1040 MBM Garments Ltd. Corporate Surveillance A1 - ST-3 Stable 30-Sep-16

1041 Md Habibur Rahman SME Surveillance CRAB-ME 4 - - 28-Apr-16

1042 Md Ishaque & Sons SME Initial Rating CRAB-SE 4 - - 18-Feb-16

1043 Md Rezaul Karim Corporate Surveillance - - ST-3 - 14-Dec-15

1044 Md Sirajul Islam Corporate Surveillance - BB2(Lr) - - 28-Jun-16

1045 Md Zahid Miah Corporate Surveillance - A3(Lr) ST-3 - 17-Jun-16

1046 Md. Jamilur Rahman Khan SME Initial Rating CRAB-SE 3 - - 19-Dec-15

1047 Md. Rakib Uddin Dewan & Md. Rukon Uddin Dewan Corporate Initial Rating - BBB3(Lr) - - 3-Jun-16

1048 Md. Shahidul Islam SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1049 MEB Industrial Complex Ltd. Corporate Surveillance - B2(Lr) ST-5 - 30-Dec-15

1050 Mecca Multilayer Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-4 Stable 30-Jun-16

1051 Medha Construction & Developers Ltd. Corporate Surveillance - BB1(Lr) - - 21-Sep-16

1052 Media Electronics Industries Ltd. Corporate Surveillance BB2 BB2(Lr) ST-3 Stable 14-Nov-15

1053 Medinova Medical Services Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 19-Jun-16

1054 Meek Knit Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Jun-16

1055 Meem Trade International Corporate Surveillance - B1(Lr) ST-5 - 28-Dec-15

1056 Mega Yarn Dyeing Mills Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 19-Dec-15

1057 Meghna Knit Composite Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 26-Feb-16

1058 Meghna Rice Mill & Boiler Corporate Surveillance - BB2(Lr) - - 20-May-16

1059 Meghna Sanitary & Hardware Store SME Initial Rating CRAB-SE 4 - - 26-Jan-16

1060 Meghna Traders Corporate Initial Rating - BBB2(Lr) - - 10-Jun-16

1061 Mellow Fashion Ltd. SME Initial Rating CRAB-SE 4 - - 2-Dec-15

1062 Men's Fashion Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-16

1063 Mercury Knitwear (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 29-Jun-16

1064 Merlin Knitwear Limited Corporate Surveillance - BB1(Lr) ST-1,ST-3 - 30-Jun-16

1065 Mesh Export House (Pvt.) Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 15-Dec-15

1066 Mesh Garments (Pvt) Unit-1 Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Jan-16

1067 Mesh Sports Wear (Pvt) Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 - 30-Jun-16

1068 Metro Homes Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 29-Apr-16

1069 Metro Spinning Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Dec-15

1070 Miami Roto Film Ltd. Corporate Initial Rating - BB1(Lr) - - 11-Nov-15


25




1071 MID Asia Fashion Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 28-Dec-15

1072 Mihran Ship Recycling Industries Ltd. Corporate Initial Rating BBB3 - ST-4 Stable 2-Sep-16

1073 Milan Cold Storage Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Oct-15

1074 Millenium Pharmacy SME Initial Rating CRAB-SE 3 - - 29-Apr-16

1075 Millennium Trade International Corporate Surveillance - - ST-3 - 9-Sep-16

1076 MIM Design Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-16

1077 MIM Sweaters Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-16

1078 Mim Traders SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1079 MIM Trading Corporate Surveillance - - ST-3 - 6-Oct-16

1080 Mim Trading Corporation SME Initial Rating CRAB-ME 4 - - 26-Jan-16

1081 Minto Sons SME Initial Rating CRAB-SE 3 - - 5-Nov-15

1082 Mir Brothers SME Initial Rating CRAB-ME 4 - - 10-Jun-16

1083 Mir Trading Corporation SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1084 Mirsharai Poultry Farm Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 20-May-16

1085 Mirza Auto Rice Mills Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 31-Dec-15

1086 Mirza Jute Mills Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 31-Dec-15

1087 Mirza Woven Bag (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 31-Dec-15

1088 Misami Garments Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable 29-Jun-16

1089 Misham Agro Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Mar-16

1090 Miskat Sharee Center SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1091 Mita Apparels (Pvt) Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 18-Jun-16

1092 Mitali Fashions Ltd. Corporate Initial Rating A3 - ST-3 Stable 2-Sep-16

1093 Mitali Steel Corporation SME Initial Rating CRAB-SE 4 - - 10-Jun-16

1094 Mitali Stone Pvt. Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 23-Oct-15

1095 Mithela Textile Industry Corporate Surveillance - BB2(Lr) ST-3 - 30-Oct-15

1096 Mithu Carpets Corporate Surveillance - BBB3(Lr) ST-3 - 23-Dec-15

1097 Mithu Enterprise SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1098 Mitu Fruit International Corporate Surveillance - - ST-3 - 21-Dec-15

1099 Mitu Steel King SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1100 Mizan Brothers SME Initial Rating CRAB-ME 3 - - 4-Mar-16

1101 MM Enterprise Corporate Initial Rating - BB2(Lr) ST-4 - 15-Dec-15

1102 Mobile Plus SME Surveillance CRAB-ME 3 - - 30-Sep-16

1103 Modern Diagnostic Centre Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

1104 Modern Poly Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 20-Nov-15

1105 Modhoil Filling Station SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1106 Modhuban Bread & Biscuits Ind. (Pvt.) Ltd. Corporate Surveillance BBB1 - ST-3 Stable 2-Sep-16

1107 Modina Electronics SME Initial Rating CRAB-SE 3 - - 27-May-16

1108 Modiste (Bangladesh) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16

1109 Modiste (CEPZ) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16

1110 Mofa Fish Processing (Pvt) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 15-Dec-15

1111 Mofiz Auto Rice Mill Corporate Surveillance - - ST-3 - 5-Dec-15

1112 Mohammad Ali Traders SME Initial Rating CRAB-SE 3 - - 29-Mar-16

1113 Mohammadi Electric Wires & Multi Products Ltd. Corporate Surveillance - BBB3(Lr) ST-1,ST-3 - 19-Mar-16


26




1114 Mohammadia Complex SME Surveillance CRAB-ME 4 - - 30-Aug-16

1115 Mohammed & Sons Corporate Surveillance - - ST-3 - 5-Jun-16

1116 Mohanagar Steel Corporation SME Initial Rating CRAB-SE 3 - - 29-Dec-15

1117 Mohiuddin & Brothers SME Initial Rating CRAB-SE 5 - - 15-Dec-15

1118 Mohoshin Tea Holdings Ltd. SME Initial Rating CRAB-ME 3 - - 21-Sep-16

1119 Mohoshin Traders SME Surveillance CRAB-SE 4 - - 18-Oct-16

1120 Mohsin Ahmed Chowdhury SME Surveillance CRAB-SE 4 - - 28-May-16

1121 Moinuddin Shah (R.) Enterprise SME Initial Rating CRAB-SE 4 - - 29-Mar-16

1122 Moitry Enterprise SME Initial Rating CRAB-SE 3 - - 6-Jul-16

1123 Mokbul Enterprise SME Surveillance CRAB-ME 4 - - 22-Apr-16

1124 Molla Trading Corporation Corporate Surveillance - BBB3(Lr) ST-3 - 21-Dec-15

1125 Mollah & Sons SME Surveillance CRAB-SE 3 - - 24-Sep-16

1126 Mollah Glass House Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1127 Mollah Potato Cold Storage Ltd. Corporate Initial Rating BBB3(Pr) - - - 15-Dec-15

1128 Momin Spinning Mills Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-16

1129 Momin Textile Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-16

1130 Momtaj Enterprise Corporate Surveillance - BBB3(Lr) ST-3 - 21-May-16

1131 Momtaz Uddin & Brothers SME Surveillance CRAB-ME 3 - - 28-Apr-16

1132 Mona Food Industries Corporate Surveillance - BBB1(Lr) ST-3 - 27-Sep-16

1133 Mondol Auto Rice Mill & Food Ind. Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 6-Oct-16

1134 Moni Enterprise SME Initial Rating CRAB-SE 4 - - 17-Jun-16

1135 Monica Button & Garments Accessories (Pvt.) Ltd. . Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

1136 Monir Enterprise SME Initial Rating CRAB-SE 3 - - 12-Apr-16

1137 Monna General Store SME Surveillance CRAB-SE 3 - - 21-May-16

1138 Monowara Knit Fashions Ltd. SME Initial Rating CRAB-SE 4 - - 10-Jun-16

1139 Monowara Traders & Industries Corporate Surveillance - BB1(Lr) - - 30-Dec-15

1140 Monowara Trading SME Initial Rating CRAB-ME 4 - - 29-Oct-15

1141 Montaj Ali Khan SME Initial Rating CRAB-SE 4 - - 13-May-16

1142 Mony Traders SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1143 Moon Enterprise (Bank Asia) SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1144 Moon Enterprise (MBL) Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

1145 Moon Hardware Corporate Surveillance - BB1(Lr) - - 31-Mar-16

1146 Moon Light Pharmaceuticals SME Surveillance CRAB-ME 4 - - 19-Aug-16

1147 Moon Steel SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1148 Moon View Trading Co. SME Initial Rating CRAB-SE 4 - - 29-Sep-16

1149 Morol Enterprise SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1150 Mosharaf Chaul Kal SME Surveillance CRAB-SE 4 - - 17-Jun-16

1151 Mosharraf & Sons Filling Station SME Initial Rating CRAB-SE 4 - - 6-May-16

1152 Mother Printers SME Initial Rating CRAB-SE 3 - - 2-Sep-16

1153 Mother Steel Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 30-Nov-15

1154 Mouchak Knit Composite Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 30-Mar-16

1155 Moula Boksh Karim Boksh SME Initial Rating CRAB-ME 2 - - 6-May-16

1156 Mouren Enterprise Corporate Surveillance - B1(Lr) ST-5 - 11-Dec-15


27




1157 Mozammel & Brothers Corporate Surveillance - - ST-3 - 13-Mar-16

1158 Mridah Traders SME Initial Rating CRAB-SE 4 - - 15-Dec-15

1159 MRM International Corporate Surveillance - BB1(Lr) ST-4 - 10-Sep-16

1160 MSA Spinning Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

1161 Mukta Hardware Store SME Initial Rating CRAB-SE 3 - - 17-Jun-16

1162 Mukta Store Corporate Surveillance - BBB3(Lr) - - 29-Jun-16

1163 Mukter General Store SME Surveillance CRAB-ME 3 - - 5-Jun-16

1164 Multi Safh Bags Ltd. Corporate Surveillance BBB2 - ST-3 Stable 29-Jun-16

1165 Multi Trade Enterprise Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-1, ST-3 - 30-Dec-15

1166 Multibiz Pipe Industries Ltd. SME Initial Rating CRAB-SE 4 - - 12-Apr-16

1167 Multiplan Limited Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 30-Dec-15

1168 Munhata Navigation Ltd. SME Initial Rating CRAB-ME 4 - - 23-Dec-15

1169 Muntahin Traders SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1170 Musa & Issa Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

1171 Musa Enterprise SME Initial Rating CRAB-SE 4 - - 21-Mar-16

1172 Musa Sowdagor SME Initial Rating CRAB-ME 2 - - 15-Sep-16

1173 Muslim Garments Corporate Surveillance - BB3(Lr) ST-4 - 15-Dec-15

1174 Mutual Foam & Tableware Inds. Ltd. SME Initial Rating CRAB-ME 4 - - 11-Mar-16

1175 My Cars SME Initial Rating CRAB-SE 3 - - 15-Jun-16

1176 MZM (CEPZ) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 18-Oct-15

1177 N A Re-Rolling Mills Ltd. SME Surveillance CRAB-ME 4 - - 20-Aug-16

1178 N Islam Steel Corporate Surveillance - BB3(Lr) - - 30-Sep-16

1179 N N Enterprise Corporate Surveillance - - ST-4 - 30-Dec-15

1180 N R Amin Trading Corporate Surveillance - BBB3(Lr) ST-4 - 17-Dec-15

1181 N S Car Traders Corporate Surveillance - BB2(Lr) ST-4 - 28-May-16

1182 N S Steel SME Initial Rating CRAB-SE 3 - - 6-May-16

1183 Nabisco Biscuit & Bread Factory Ltd. SME Initial Rating CRAB-ME 3 - - 21-Mar-16

1184 Naboti Industries (Pvt.) Ltd. SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1185 Nafco Construction Development Company Ltd. Corporate Initial Rating BBB3 - - Stable 29-Sep-16

1186 Nafisa Apparels Ltd. Corporate Surveillance BBB3 BBB3(Lr) - Stable 15-Dec-15

1187 Nagri SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1188 Nahar CNG Refuling Station SME Initial Rating CRAB-SE 4 - - 11-Mar-16

1189 Nahid Motors Corporate Surveillance - - ST-3 - 28-Nov-15

1190 Nalta Ahsania Fish SME Initial Rating CRAB-ME 3 - - 9-Sep-16

1191 Nandanik Packaging Industries SME Initial Rating CRAB-SE 3 - - 27-May-16

1192 Nantu Saw Mill & Timber Merchant SME Initial Rating CRAB-ME 4 - - 21-Mar-16

1193 Nar Sweaters Ltd. Corporate Surveillance - - ST-3 - 11-Nov-15

1194 Narshingdhi Sizing & Fishing Mills Corporate Surveillance - BB1(Lr) - - 28-Jan-16

1195 Naser Enterprise SME Surveillance CRAB-SE 3 - - 5-Jun-16

1196 Nasir & Brothers SME Initial Rating CRAB-ME 5 - - 25-Feb-16

1197 Nasir & Co. Corporate Surveillance - - ST-3 - 30-Jun-16

1198 Nasir Garments SME Initial Rating CRAB-SE 4 - - 11-Mar-16

1199 National Auto Rice Mill Corporate Surveillance - BBB2(Lr) ST-3 - 5-Dec-15


28




1200 National Feed Mill Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Mar-16

1201 Natore Jute Mills SME Surveillance CRAB-ME 4 - - 30-Jun-16

1202 Navana Batteries Ltd. Corporate Initial Rating AA3 AA3(Lr) ST-3 Stable 20-May-16

1203 Navana CNG Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-1,ST-3 Stable 30-Sep-16

1204 Navana Limited Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 31-Jan-16

1205 Navana Poly Packaging Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

1206 Nayan Fishers SME Initial Rating CRAB-SE 4 - - 29-Mar-16

1207 Nayeem Enterprise SME Initial Rating CRAB-SE 5 - - 6-Oct-16

1208 NAZ Bangladesh Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Positive 30-Nov-15

1209 Nazim Fashion Ltd. Corporate Initial Rating - B1(Lr) ST-4 - 4-Mar-16

1210 Nazrul & Brothers SME Surveillance CRAB-SE 4 - - 4-Feb-16

1211 Nazrul Enterprise SME Surveillance CRAB-ME 4 - - 20-Aug-16

1212 Nazrul Enterprise SME Initial Rating CRAB-SE 4 - - 11-Mar-16

1213 Nazrul Islam & Brothers SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1214 NDR Corporation Corporate Surveillance - BB1(Lr) ST-4 - 11-May-16

1215 Needle Work Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 11-Aug-16

1216 Neo Zipper Company Ltd. Corporate Surveillance A1 A1 (Lr) ST-2 Stable 30-Jun-16

1217 New Amin Jewellers Corporate Surveillance - BBB2(Lr) - - 22-Oct-15

1218 New Auto Galaxy Corporate Surveillance - - ST-3 - 21-Dec-15

1219 New Barawlia Store Corporate Surveillance - BB2(Lr) ST-1 - 21-Oct-15

1220 New Bogdad Rice Mill Corporate Surveillance - - ST-3 - 30-Jun-16

1221 New Bombay Fruit Agency SME Initial Rating CRAB-SE 4 - - 29-Apr-16

1222 New Color Vision SME Initial Rating CRAB-SE 4 - - 24-Jun-16

1223 New Foods Ltd. Corporate Surveillance - BB1(Lr) - - 2-Sep-16

1224 New Ganga Chaul Kal SME Initial Rating CRAB-ME 4 - - 5-Aug-16

1225 New Garden Silk House SME Initial Rating CRAB-SE 4 - - 21-Sep-16

1226 New Generation Fashion Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 11-Aug-16

1227 New Generation Trading Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Sep-16

1228 New Madina Plastics Industries SME Initial Rating CRAB-SE 4 - - 29-Jun-16

1229 New Mahi Bricks Corporate Surveillance - BBB3(Lr) - - 12-Mar-16

1230 New Prince Food Products SME Surveillance CRAB-ME 3 - - 10-Sep-16

1231 New Progati Traders Corporate Surveillance - BB2(Lr) - - 23-Dec-15

1232 New Raju Enterprise SME Initial Rating CRAB-SE 4 - - 22-Apr-16

1233 New S H International Corporate Surveillance - BB1(Lr) ST-4 - 29-Sep-16

1234 New Siddiques SME Initial Rating CRAB-SE 3 - - 11-Aug-16

1235 New Sonali Enterprise SME Initial Rating CRAB-SE 4 - - 6-Oct-16

1236 New Sony Electronics SME Initial Rating CRAB-SE 4 - - 13-May-16

1237 New Troyeeshakh SME Initial Rating CRAB-SE 4 - - 5-Apr-16

1238 Newaz Farming Complex Corporate Surveillance - BBB3(Lr) ST-3 - 4-Feb-16

1239 Newtex Knit Fashions Ltd. Corporate Surveillance BBB3 BBB2(Lr), A1(Lr) ST-3 Stable 30-Dec-15

1240 Next Accessories Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 28-May-16

1241 Next Step Corporate Surveillance - BBB3(Lr) ST-3 - 18-Jun-16

1242 Nextgen Style Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 11-Aug-16


29




1243 Nezam Uddin & Brothers Corporate Surveillance - BB1(Lr) ST-1 - 13-Nov-15

1244 Niagara Textiles Ltd. Corporate Surveillance BBB1 - ST-3 Stable 19-Aug-16

1245 Nila & Sons Corporate Surveillance - BB1(Lr) - - 15-Jun-16

1246 Nilima Traders SME Surveillance CRAB-SE 3 - - 28-Apr-16

1247 Niloy Knitwear Corporate Surveillance - - ST-4 - 30-Jun-16

1248 Nina Holdings Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Positive 31-Dec-15

1249 Nira Construction SME Initial Rating CRAB-SE 3 - - 19-Aug-16

1250 Niribili Fisheries Ltd. Corporate Surveillance BB2 - ST-4 Stable 29-Jun-16

1251 Nirmal Traders SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1252 Nirman Traders SME Initial Rating CRAB-SE 4 - - 29-Jul-16

1253 Nitya Gopal Shaha SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1254 Nizam Enterprise Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-16

1255 Nizam Traders SME Initial Rating CRAB-ME 4 - - 5-Apr-16

1256 Nizamia Trade International Corporate Surveillance - BB1(Lr) ST-4 - 11-Oct-15

1257 Noman Fabrics Ltd. Corporate Initial Rating A3 A3(Lr) - Stable 29-Jun-16

1258 Noman Home Textile Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 29-Jun-16

1259 Noman Spinning Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

1260 Noman Terry Towel Mills Ltd. Corporate Surveillance A3 - ST-3 Stable 31-Aug-16

1261 Noman Textiles Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 29-Jun-16

1262 Noor Alam EXIM Industries Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 31-Dec-15

1263 Noor Hossain Corporate Surveillance - BBB3(Lr) ST-3 - 15-Dec-15

1264 Noor Plastic Industries Ltd. SME Initial Rating CRAB-ME 2 - - 3-Jun-16

1265 Noor Syndicate SME Initial Rating CRAB-ME 4 - - 17-Jun-16

1266 North Bengal Grain Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jul-16

1267 North South Seed Ltd. Corporate Surveillance BBB1 - ST-3 Stable 30-Dec-15

1268 North’s Egg Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 28-Feb-16

1269 Novo Com Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable 19-Dec-15

1270 Novo Tel Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 19-Dec-15

1271 Nowapara Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1272 Nur Enterprise SME Initial Rating CRAB-SE 4 - - 12-Apr-16

1273 Nur Trading SME Initial Rating CRAB-SE 3 - - 17-Nov-15

1274 Nurani Himagar Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 - 25-Nov-15

1275 Nurul Huda & Brothers SME Surveillance CRAB-SE 4 - - 2-Mar-16

1276 Nurul Huda Filling Station Corporate Surveillance - BBB3(Lr) - - 10-May-16

1277 Nurul Islam Traders SME Initial Rating CRAB-SE 4 - - 13-May-16

1278 Nusrat Builders Corporate Initial Rating - BB1(Lr) ST-4 - 18-Oct-15

1279 Nusrat Development Company (Pvt) Ltd. SME Initial Rating CRAB-SE 4 - - 17-Jun-16

1280 Nusrat Trading Corporate Surveillance - - ST-4 - 17-Oct-15

1281 Oasis Services (Agro) Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable 14-Dec-15

1282 Obaidullah Textile SME Surveillance CRAB-SE 4 - - 21-Sep-16

1283 OK Enterprise Pvt. Ltd. SME Surveillance CRAB-ME 4 - - 28-Dec-15

1284 OK Properties Ltd. SME Surveillance CRAB-ME 4 - - 28-Dec-15

1285 Oli Traders SME Initial Rating CRAB-SE 4 - - 11-Nov-15


30




1286 Olympic Cement Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Positive 30-Jun-16

1287 Olympic Travels (BD) Ltd. SME Surveillance CRAB-SE 4 - - 10-May-16

1288 Onib Textile Mills SME Initial Rating CRAB-ME 3 - - 11-Feb-16

1289 Orbit Corporation SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1290 Orbital International SME Initial Rating CRAB-ME 3 - - 6-Oct-16

1291 Orchid Gallery SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1292 Orchid Sweater Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16

1293 Organic Auto Bricks Fields Ltd. SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1294 Orient Export Import Co. Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 29-Dec-15

1295 Oriental Oil Company Ltd. Corporate Surveillance B2 B2(Lr) ST-5 Negative 28-Dec-15

1296 Orion Gas Ltd. Corporate Surveillance BBB2(Pr) - - - 17-Jun-16

1297 Orion Infusion Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Dec-15

1298 Orion Pharma Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-16

1299 Orion Power Dhaka Ltd. Corporate Surveillance BBB1(Pr) - - - 17-Jun-16

1300 Orion Power Meghnaghat Ltd. / IEL Corporate Surveillance A1 A1(Lr) - Stable 30-Jun-16

1301 Orlance Shipping & Trading Agency SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1302 Ortack Company SME Initial Rating CRAB-SE 3 - - 5-Apr-16

1303 Osanian Style & Fashion Wear Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

1304 Osman Auto Rice Mills Corporate Surveillance - BB2(Lr) - - 6-Nov-15

1305 Osmanli Trade Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16

1306 Ovee Enterprise & Sister Concern Corporate Surveillance - BBB3(Lr) - - 10-Jun-16

1307 Pabna Knit Design Ltd. Corporate Surveillance - - ST-3 - 28-Jan-16

1308 Pacific Impex Corporate Surveillance - BB2(Lr) ST-4 - 13-May-16

1309 Packmart Industries Ltd. Corporate Surveillance AA2 - ST-3 Stable 9-Jul-16

1310 Padma Cold Storage (Pvt.) Ltd. Corporate Surveillance BB1 - ST-3 Stable 2-Sep-16

1311 Padma Industries Ltd. SME Surveillance CRAB-ME 4 - - 30-Aug-16

1312 Padma Traders Corporate Surveillance - BBB2(Lr) ST-3 - 28-Feb-16

1313 Padma Travels Ltd. SME Surveillance CRAB-SE 4 - - 21-May-16

1314 Pailac Chemicals Company Corporate Surveillance - A3(Lr) ST-3,ST-4 - 25-Sep-16

1315 Palash Tex & Fabric Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 30-Dec-15

1316 Palash Timber Saw Mill & Furniture Corporate Initial Rating - BB1(Lr) - - 18-Oct-15

1317 Panasia Clothing Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 31-Mar-16

1318 Panasia Sweaters Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 31-Mar-16

1319 Panorama Apparels Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-16

1320 Panorama Washing Co. Ltd. Corporate Initial Rating - BBB3(Lr) - - 8-Dec-15

1321 Papri Traders Corporate Surveillance - BBB3(Lr) ST-1,ST-3 - 29-Jun-16

1322 Paradise Food Products Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 4-Feb-16

1323 Paradise Sun Company Ltd. SME Initial Rating CRAB-SE 3 - - 19-Aug-16

1324 Paragon Garments SME Initial Rating CRAB-ME 3 - - 12-Apr-16

1325 Paramount Apparels Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-16

1326 Paramount Trading SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1327 Parity Fashions Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 - 18-Feb-16

1328 Partex Cables Ltd. Corporate Initial Rating - A3(Lr) ST-3 - 6-Jul-16


31




1329 Partex Furniture Industries Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-16

1330 Partex Laminates Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-16

1331 Partex PVC Industries Ltd. Corporate Initial Rating - A1(Lr) ST-3 - 6-Oct-16

1332 Pavel Enterprise SME Surveillance CRAB-SE 4 - - 30-Mar-16

1333 Peacock Metal SME Initial Rating CRAB-SE 4 - - 29-Mar-16

1334 Peak Apparels Ltd. Corporate Initial Rating - BBB3(Lr) ST-1,ST-3 - 11-Mar-16

1335 Pearl Garments Company Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable 29-Dec-15

1336 Pearl Paper & Board Mills Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 - 22-Apr-16

1337 Pearl Prince Apparels Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 19-Sep-16

1338 PEB Steel Alliance Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Oct-15

1339 Pepco Bangladesh Corporate Surveillance - BB1(Lr) ST-4 - 19-Mar-16

1340 Perfect Fashions Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

1341 Pinki Super Fashion SME Initial Rating CRAB-SE 4 - - 19-Aug-16

1342 Pioneer Footwear Ltd. SME Initial Rating CRAB-ME 3 - - 11-Feb-16

1343 Pioneer Imaging Systems Ltd. SME Surveillance CRAB-SE 4 - - 24-Sep-16

1344 Piticon Industries SME Surveillance CRAB-ME 3 - - 29-Sep-16

1345 Pitstop Foods Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 15-Dec-15

1346 Plan View Consultant & Engineering SME Surveillance CRAB-ME 3 - - 30-Aug-16

1347 Platinum Communications Ltd. SME Initial Rating CRAB-ME 4 - - 11-Aug-16

1348 Polli Feed Industries SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1349 Poly Point Ltd. SME Surveillance CRAB-SE 4 - - 12-Aug-16

1350 Port Land International Corporate Surveillance - BB2(Lr) ST-4 - 15-Dec-15

1351 Port Land International (BD) Ltd Corporate Initial Rating - BB3(Lr) - - 30-Dec-15

1352 Power Trade Building Ltd. SME Surveillance CRAB-SE 5 - - 29-Dec-15

1353 Power Trade Engineering Ltd. Corporate Surveillance - - ST-5 - 15-Dec-15

1354 Pragoti Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-15

1355 Prantik Marine Service Ltd Corporate Initial Rating - BB1(Lr) ST-1 - 11-Mar-16

1356 Prantika International SME Initial Rating CRAB-SE 4 - - 20-May-16

1357 Pratik Apparels Ltd. Corporate Surveillance BB2 BB2(Lr) ST-3 Stable 14-Mar-16

1358 Premier Accessories Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 15-Mar-16

1359 Premium Sweets SME Initial Rating CRAB-ME 3 - - 29-Apr-16

1360 Prime Enterprise Corporate Surveillance - A3(Lr) - - 15-Dec-15

1361 Prince High Design Ltd. Corporate Surveillance - BB3(Lr) ST-1, ST-4 - 30-Dec-15

1362 Printing Mart Ltd. SME Initial Rating CRAB-ME 3 - - 22-Oct-15

1363 Priti Agro Complex Ltd. Corporate Initial Rating BB3(Pr) - - - 30-Sep-15

1364 Priti Enterprise SME Surveillance CRAB-SE 4 - - 15-Mar-16

1365 Priyam Garments Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Dec-15

1366 Progati Traders SME Initial Rating CRAB-SE 4 - - 27-May-16

1367 Progressive Fishing Ltd. Corporate Surveillance - BB1(Lr) - - 22-Apr-16

1368 Prome Agro Foods Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-Dec-15

1369 Purbani Fabrics Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16

1370 Purbani Rotor Spinning Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16

1371 Purbani Synthetic Spinning Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16


32




1372 Purbani Yarn Dyeing Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16

1373 Pushpa Poultry Feed SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1374 Pustee Food Products SME Initial Rating CRAB-SE 4 - - 11-Aug-16

1375 QNS Container Services Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 14-Nov-15

1376 Quality Enterprise SME Initial Rating CRAB-SE 3 - - 11-Aug-16

1377 Quality Mineral Industries SME Initial Rating CRAB-SE 3 - - 29-Jun-16

1378 Quartel Infotech Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 4-Feb-16

1379 Quasem Drycells Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 15-Dec-15

1380 Quasem Zinc Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 4-Dec-15

1381 R K Fashion Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 - 18-Feb-16

1382 R K International Corporate Surveillance - BB2(Lr) ST-4 - 28-Jan-16

1383 R K P Enterprise SME Initial Rating CRAB-SE 4 - - 18-Oct-15

1384 R K Socks Industries Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 - 18-Feb-16

1385 R K Spinning Mills Ltd. Corporate Initial Rating - BBB1(Lr) ST-3 - 18-Feb-16

1386 R M Fabitech Ltd. SME Surveillance CRAB-ME 2 - - 29-Dec-15

1387 R M Interlinings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 5-Apr-16

1388 R M Textile SME Initial Rating CRAB-SE 3 - - 11-Mar-16

1389 R R Construction SME Initial Rating CRAB-SE 4 - - 13-May-16

1390 R S Enterprise Corporate Surveillance - - ST-3 - 26-Mar-16

1391 R S Machineries Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-16

1392 RA Hospital Education and Training Institute Dhaka (RAHETID)Corporate Initial Rating - BBB3(Lr) - - 17-Jun-16

1393 Rabab Fashion Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 29-Mar-16

1394 Rabey Enterprise SME Initial Rating CRAB-SE 4 - - 24-Jun-16

1395 Rabeya Tiles & Sanitary SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1396 Radisson Apparels Ltd. Corporate Surveillance BBB2 - ST-3 Stable 29-Jun-16

1397 Rafia Paper Converting & Coating Inds. Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 31-Dec-15

1398 Rafique & Brothers SME Initial Rating CRAB-SE 4 - - 27-May-16

1399 Rafique & Brothers (Tangail) SME Initial Rating CRAB-SE 4 - - 6-Jul-16

1400 Rafsan Food (Pvt) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 22-Oct-16

1401 Rahim Fashion SME Initial Rating CRAB-SE 3 - - 15-Sep-16

1402 Rahima Textile SME Initial Rating CRAB-ME 4 - - 21-Sep-16

1403 Rahman Jute Mills (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 20-Dec-15

1404 Rahman Knitwear Corporate Surveillance - BB1(Lr) ST-4 - 1-Dec-15

1405 Rahman Steel House Corporate Surveillance - BB2(Lr) - - 20-Nov-15

1406 Rahmania Cloth Store SME Surveillance CRAB-SE 3 - - 27-Jun-16

1407 Rahmat Traders Corporate Surveillance - - ST-3 - 28-Nov-15

1408 Rahul Flour Mill SME Initial Rating CRAB-ME 3 - - 19-Dec-15

1409 Rahul Oil & Food Product SME Initial Rating CRAB-ME 3 - - 19-Dec-15

1410 Rainbow Associates Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1411 Rainbow Chemicals SME Initial Rating CRAB-SE 4 - - 19-Aug-16

1412 Rainbow Jute Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

1413 Rainbow Tailors and Fabrics SME Initial Rating CRAB-SE 4 - - 29-Oct-15

1414 Raisa Fashion Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Mar-16


33




1415 Raj Lanka Power Co. Limited Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 21-Mar-16

1416 Raja Foundry & Distribution SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1417 Rajshahi Transport Agency SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1418 Rakib Enterprise SME Surveillance CRAB-ME 4 - - 29-Dec-15

1419 Rakib Trading Corporate Surveillance - BB2(Lr) - - 22-Apr-16

1420 Raks Fashion Ltd. Corporate Surveillance BB1 BB1(Lr) - Stable 30-Dec-15

1421 Ramgonj Enterprise SME Initial Rating CRAB-SE 4 - - 6-Jul-16

1422 Ramisa Enterprise SME Initial Rating CRAB-SE 4 - - 15-Dec-15

1423 RAMS Builders Ltd. SME Initial Rating CRAB-ME 3 - - 8-Dec-15

1424 Rams Fashion & Embroidery Corporate Surveillance - BB1(Lr) - - 30-Mar-16

1425 Ranjan Agarwala SME Initial Rating CRAB-ME 4 - - 17-Nov-15

1426 Ranks FC Properties Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable 31-Oct-15

1427 Rashid Enterprise Corporate Surveillance - - ST-3 - 14-Mar-16

1428 Rasid Agro Food Products Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

1429 Ratanpur Ship Re-Cycling Ind. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 18-Apr-16

1430 Ratul Collection Corporate Surveillance - BB2(Lr) ST-3 - 30-Jun-16

1431 Raya Spinning Mills Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 31-Dec-15

1432 Razzak Brothers Corporate Surveillance - BBB2(Lr) ST-3 - 4-Feb-16

1433 Razzak Motors Corporate Surveillance - - ST-3 - 17-Jun-16

1434 Refat Garments Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 31-Oct-15

1435 Rehat Enterprise SME Initial Rating CRAB-SE 4 - - 22-Apr-16

1436 Reliance Trade International SME Initial Rating CRAB-ME 3 - - 4-Mar-16

1437 Renaissance Hospital & Research Ins. Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 30-Dec-15

1438 Renata Agro Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Negative 12-Apr-16

1439 Renata Limited Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 30-Jun-16

1440 REPHCO Pharmaceuticals Ltd. Corporate Initial Rating - CCC1(Lr) ST-6 - 5-Aug-16

1441 Resource Planning & Management Consultants (Pvt) Ltd.Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-May-16

1442 Reverie Power & Automation Engineering Ltd. SME Initial Rating CRAB-ME 3 - - 29-Oct-15

1443 Rigs Marketing Corporate Initial Rating - BBB2(Lr) ST-3 - 15-Dec-15

1444 Rimso Battery & Co. (Pvt.) Ltd. (Smart Accumulator Pvt. Ltd.)Corporate Surveillance - BBB3(Lr) ST-3 - 5-Mar-16

1445 Ripon Traders SME Initial Rating CRAB-SE 3 - - 4-Feb-16

1446 Risda Bangladesh Corporate Surveillance BB3 - - Stable 22-Dec-15

1447 Rita Chaul Kal Corporate Surveillance - BB2(Lr) - - 17-Jun-16

1448 Robi Axiata Ltd. Corporate Surveillance AA2 AA2(Lr) ST-1 Stable 29-Jul-16

1449 Roni Traders SME Initial Rating CRAB-SE 4 - - 17-Jun-16

1450 Ronok Tiles & Sanitary Mart SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1451 Rony Enterprise Corporate Surveillance - - ST-4 - 8-May-16

1452 Rony Plywood Industries Corporate Surveillance - BB2(Lr) ST-4 - 25-Nov-16

1453 Roto Smart Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1454 Rowa Knitwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Oct-15

1455 Royal Blue SME Surveillance CRAB-ME 2 - - 10-Sep-16

1456 Royal Fashions Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

1457 Royal Hospital & Resource Center Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 27-May-16


34




1458 Royal Shoes Corporate Surveillance - - ST-3 - 30-Sep-15

1459 RP Animal Health Co. Corporate Surveillance - BBB3(Lr) ST-3 - 24-Sep-16

1460 RR Imperial Electricals Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Positive 17-Nov-15

1461 RS & Brothers Corporate Surveillance - - ST-4 - 10-May-16

1462 RS & T International Corporate Surveillance - - ST-3 - 31-Oct-15

1463 Rubel Dyeing Screen Printing Works (Pvt) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-16

1464 Rubel Enterprise Corporate Initial Rating - BB2(Lr) - - 12-Apr-16

1465 Rubel Enterprise (MTBL) SME Initial Rating CRAB-SE 3 - - 29-Oct-15

1466 Rubel Rice Agency SME Initial Rating CRAB SE-4 - - 9-Sep-16

1467 Rubel Steel Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Dec-15

1468 Ruby Food Products Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 28-Oct-15

1469 Ruhul Amin Automatic Rice Mill Corporate Surveillance - BB1(Lr) ST-3 - 10-Oct-15

1470 Rumana Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 30-Oct-15

1471 Rumman & Brothers Corporate Surveillance - BBB3(Lr) ST-4 - 6-Oct-16

1472 Runner Automobiles Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-16

1473 Runner Motors Ltd. Corporate Surveillance A3 - ST-3 Stable 29-Jun-16

1474 Rupa Bricks SME Initial Rating CRAB-SE 4 - - 3-Jun-16

1475 Rupali Agencies Corporate Surveillance - BBB3(Lr) ST-3 - 30-Nov-15

1476 Rupali Auto Chira Mori Mill SME Initial Rating CRAB-SE 3 - - 5-Apr-16

1477 Rupali Enterprise SME Initial Rating CRAB-SE 4 - - 27-May-16

1478 Rupam Packages & Printing (Pvt) Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 29-Sep-16

1479 Ruslan Corporation Corporate Surveillance - BBB2(Lr) ST-4 - 15-Dec-15

1480 S & A Bay of Bengal Corporate Surveillance - BB2(Lr) - - 10-Dec-15

1481 S A Beverage Ltd. Corporate Surveillance BBB1 - ST-4 Stable 31-Mar-16

1482 S A Consumer Products Ltd. Corporate Surveillance BB2 - ST-4 Stable 31-Mar-16

1483 S A Enterprise SME Initial Rating CRAB-SE 3 - - 22-Oct-15

1484 S A Pulp & Paper Products Ltd. Corporate Surveillance A2 - ST-4 Stable 31-Mar-16

1485 S A Salt Industries Ltd. Corporate Surveillance BB1 - ST-5 Stable 31-Mar-16

1486 S Ahmed Trading Corporation Corporate Surveillance - BBB3(Lr) - - 30-Dec-15

1487 S Alam Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1488 S B Poultry & Fish Feed Mill SME Initial Rating CRAB-ME 3 - - 29-Oct-15

1489 S B Traders SME Surveillance CRAB-SE 4 - - 12-Jul-16

1490 S E N Textile SME Initial Rating CRAB-SE 4 - - 6-Oct-16

1491 S K Apparels Ltd. Corporate Initial Rating BB3 - - Stable 15-Sep-16

1492 S K Electronics SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1493 S K Enterprise SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1494 S M Trading SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1495 S M Trading Co. Corporate Surveillance - BB3(Lr) ST-4 - 15-Apr-16

1496 S N Corporation Corporate Surveillance - BBB1(Lr) ST-3 - 29-Dec-15

1497 S R Enterprise SME Initial Rating CRAB-SE 4 - - 27-May-16

1498 S R Hatchery Ltd. SME Initial Rating CRAB-ME 3 - - 25-Nov-15

1499 S R Steel SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1500 S Rahman Machinery & Motor Cycle Agency Corporate Surveillance - BB1(Lr) - - 4-Feb-16


35




1501 S S B Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1502 S S Enterprise Corporate Surveillance - BBB3(Lr) - - 23-Dec-15

1503 S S Enterprise SME Initial Rating CRAB-SE 3 - - 25-Nov-15

1504 S S Fabrics Ltd. SME Surveillance CRAB-SE 4 - - 14-Dec-15

1505 S S International SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1506 S S Steel SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1507 S Steel Enterprise Corporate Initial Rating - BB2(Lr) - - 11-Aug-16

1508 S&S Poultry Farm Corporate Surveillance - BB1(Lr) ST-4 - 28-Feb-16

1509 Sabik CNG Filling Station & Conversion SME Surveillance CRAB-SE 4 - - 28-Apr-16

1510 Sabjiana Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jul-16

1511 Sadat Real Estate Corporate Surveillance - BBB1(Lr) - - 28-Jan-16

1512 Sadia & Saqiba SME Initial Rating CRAB-SE 3 - - 5-Nov-15

1513 Sadia Enterprise (ABBL) SME Surveillance CRAB-SE 4 - - 5-Apr-16

1514 Sadia Enterprise (Bank Asia) SME Surveillance CRAB-SE 4 - - 18-Oct-16

1515 Sadia Traders SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1516 Sadip Enterprise Corporate Surveillance - BBB3(Lr) - - 29-Dec-15

1517 Sadma Fashionwear Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 30-Mar-16

1518 Safar Enterprise SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1519 Sagar Auto Rice Mill SME Surveillance CRAB-ME 3 - - 24-Jun-16

1520 Sagarika Louha Bitan SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1521 Sagor Enterprise SME Initial Rating CRAB-SE 3 - - 6-Jul-16

1522 Sagor Store SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1523 Sahara Green Bricks Ltd. Corporate Surveillance BB3(Pr) - - - 31-Oct-15

1524 Saif Plastic Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 31-Jan-16

1525 Saiful & Brothers Steel SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1526 Saiful & Co. Corporate Surveillance - - ST-3 - 29-Jun-16

1527 Saiful Bricks Corporate Surveillance CRAB-SE 4 - - - 30-Aug-16

1528 Saiful Enterprise SME Initial Rating CRAB-SE 3 - - 13-May-16

1529 Saiham Cotton Mills Ltd. Corporate Surveillance A3 A3(Lr), AA3(Lr) ST-3 Stable 8-Dec-15

1530 Sajid Knit Industries Ltd. Corporate Initial Rating - - ST-4 - 2-Dec-15

1531 Sajjad Ahmed & Sons Filling Station SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1532 Sakib Enterprise SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1533 Sakib Textiles SME Initial Rating CRAB-SE 4 - - 6-Oct-16

1534 Salahuddin & Co. SME Initial Rating CRAB-SE 3 - - 29-Jun-16

1535 Salam & Kalam Daul Mill Corporate Surveillance - BB3(Lr) - - 7-Nov-15

1536 Saleheen Trade International SME Initial Rating CRAB-SE 3 - - 6-May-16

1537 Salim Enterprise SME Initial Rating CRAB-SE 4 - - 10-Jun-16

1538 Salima Machineries Corporate Surveillance - BB1(Lr) ST-3 - 19-Aug-16

1539 Sam As Bricks Corporate Surveillance - - ST-4 - 30-Dec-15

1540 Sam Associates Ltd. Corporate Surveillance - BBB3(Lr) - - 26-Aug-16

1541 SAM International (Engr's) Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 26-Aug-16

1542 SAM Pack Ltd. Corporate Surveillance BB2 BB2(Lr) - Stable 29-Mar-16

1543 Sam Ree Dyeing (BD) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 5-Jun-16


36




1544 Samajik Seba Shanghathan Corporate Surveillance BB1 - - Stable 22-Dec-15

1545 Samannaz Condensed Milk Ltd. Corporate Surveillance A2 - ST-4 Stable 31-Mar-16

1546 Samannaz Dairy & Food Products Ltd. Corporate Surveillance A1 - ST-4 Stable 31-Mar-16

1547 Sameer Enterprise Corporate Surveillance - - ST-4 - 30-Jun-16

1548 Sampa Traders SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1549 Samrat Collection SME Initial Rating CRAB-SE 3 - - 12-Jul-16

1550 Samrat Dyeing and Printing Mills SME Initial Rating CRAB-ME 3 - - 12-Apr-16

1551 Samrat Industries Corporate Surveillance - BBB3(Lr) ST-4 - 20-Nov-15

1552 Samrat Traders SME Initial Rating CRAB-SE 3 - - 12-Apr-16

1553 Samsul Karim SME Initial Rating CRAB-SE 4 - - 12-Apr-16

1554 SAN Apparels Ltd. Corporate Surveillance BB2(Pr) - - - 30-Nov-15

1555 Sanghu Valley Cold Storage Industries Ltd. Corporate Surveillance - BB2(Lr) - - 30-Aug-16

1556 Sanjay Trading Corporate Surveillance - - ST-4 - 30-Dec-15

1557 Sansui Industry SME Initial Rating CRAB-SE 4 - - 3-Jun-16

1558 Sanwara Feed & Medicine Center SME Initial Rating CRAB-SE 4 - - 11-Aug-16

1559 Sanzi Textile Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-16

1560 Sapahar Filling Station SME Initial Rating CRAB-SE 4 - - 5-Aug-16

1561 Sapahar New Market SME Initial Rating CRAB-SE 4 - - 29-Jul-16

1562 Sapahar Rice Agency SME Initial Rating CRAB-SE 3 - - 12-Jul-16

1563 Sapahar Traders SME Initial Rating CRAB-SE 3 - - 12-Jul-16

1564 Sara Saba Traders SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1565 Sarda Mills SME Initial Rating CRAB-ME 3 - - 19-Aug-16

1566 Sarkar Traders SME Initial Rating CRAB-SE 4 - - 17-Jun-16

1567 Sarker Constrution SME Initial Rating CRAB-SE 4 - - 13-May-16

1568 Sarker Printing & Publishing Corporate Surveillance - BBB1(Lr) ST-3 - 15-Jun-16

1569 Sarma Plastic Industries Corporate Initial Rating - BBB3(Lr) - - 20-May-16

1570 Satata Enterprise SME Initial Rating CRAB-SE 6 - - 2-Dec-16

1571 Satkhira Feed Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Dec-15

1572 Satter & Brothers Corporate Surveillance - - ST-3 - 17-Jun-16

1573 Savar Sweater Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-16

1574 Sayed Enterprise SME Surveillance CRAB-SE 4 - - 21-May-16

1575 SAZ Builders Ltd. Corporate Surveillance - BBB3(Lr) - - 21-May-16

1576 Sazzad & Brothers SME Initial Rating CRAB-SE 4 - - 21-Mar-16

1577 Sea Blue Textile Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 20-May-16

1578 Sea King Guest House SME Initial Rating CRAB-SE 5 - - 5-Nov-15

1579 Sea Power Fishing Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Feb-16

1580 Sea Shell Hotel Restaurant & Party Palace Corporate Surveillance - BBB2(Lr) ST-3 - 27-Dec-15

1581 Sea Tex Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 17-Jun-16

1582 Secura Bangladesh Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 3-Jun-16

1583 Seema Enterprise SME Initial Rating CRAB-SE 4 - - 29-Jun-16

1584 Sekandar Abashon SME Initial Rating CRAB-SE 4 - - 5-Apr-16

1585 Senu Miah Textile Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1586 Setara Fish Farm Ltd. Corporate Surveillance - BBB3(Lr) - - 15-Dec-15


37




1587 Setu Rice Mill SME Initial Rating CRAB-SE 4 - - 3-Jun-16

1588 Seven Ocean Marine SME Initial Rating CRAB-SE 4 - - 11-Aug-16

1589 Seven Seas Shipping Corporate Surveillance - BB3(Lr) - - 15-Dec-15

1590 SF Sweaters Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Sep-15

1591 Sha Sha Traders SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1592 Shafali Rahman SME Initial Rating CRAB-SE 4 - - 2-Dec-15

1593 Shafi Traders Corporate Surveillance - - ST-3 - 22-Oct-15

1594 Shah Ali Auto Rice Mill SME Initial Rating CRAB-SE 3 - - 11-Mar-16

1595 Shah Amanat Cutting Center Corporate Surveillance - BBB2(Lr) ST-3 - 22-Apr-16

1596 Shah Amanat Khan Enterprise SME Initial Rating CRAB-SE 4 - - 10-Jun-16

1597 Shah Amanat Traders Corporate Surveillance - BB3(Lr) ST-4 - 28-Dec-15

1598 Shah Fatehullah Textile Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

1599 Shah Perfumery Products Ltd. Corporate Surveillance - BBB3(Lr) - - 29-Jun-16

1600 Shah Sultan Textile Ltd. Corporate Surveillance - BB2(Lr) - - 28-Jan-16

1601 Shah Traders (Dinajpur) SME Initial Rating CRAB-SE 3 - - 18-Oct-15

1602 Shah Traders (UCBL) SME Initial Rating CRAB-SE 3 - - 10-Jun-16

1603 Shahab Uddin & Brothers SME Initial Rating CRAB-SE 4 - - 29-Mar-16

1604 Shahanoor Hardware Store Corporate Initial Rating - BBB3(Lr) - - 22-Oct-15

1605 Shahed Alam & Brothers SME Surveillance CRAB-SE 4 - - 30-Aug-16

1606 Shaheda Bajaj SME Initial Rating CRAB-SE 4 - - 13-May-16

1607 Shaheen Garments Corporate Surveillance - BB3(Lr) ST-4 - 15-Dec-15

1608 Shahid Aziz Dairy Farm SME Initial Rating CRAB-SE 4 - - 6-Oct-16

1609 Shahid Textile SME Initial Rating CRAB-SE 4 - - 29-Oct-15

1610 Shahin Traders Corporate Surveillance - - ST-3 - 19-Dec-15

1611 Shahjalal Pathor Co. SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1612 Shahjania Traders Corporate Surveillance - - ST-4 - 30-Jun-16

1613 Shahjibazar Power Company Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable 26-Jan-16

1614 Shajahan Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1615 Shakal Shandha Poultry Feed & Sister Concerns Corporate Surveillance - BBB3(Lr) - - 10-Jun-16

1616 Shakil & Hira Enterprise SME Initial Rating CRAB-ME 4 - - 29-Jul-16

1617 Shakti Engineering Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Oct-15

1618 Shameem Engineering Corporate Initial Rating - BB1(Lr) - - 3-Jun-16

1619 Shamim Brothers SME Initial Rating CRAB-SE 3 - - 27-May-16

1620 Shamim Flour Mills Ltd. SME Initial Rating CRAB-SE 3 - - 29-Oct-15

1621 Shamimur Rahman SME Initial Rating CRAB-SE 4 - - 22-Apr-16

1622 Shampa Flour Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

1623 Shams Styling Wear Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-16

1624 Shamsul Fakir & Son's SME Initial Rating CRAB-ME 3 - - 11-Mar-16

1625 Shangu Tex Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Jun-16

1626 Shankar Bostralaya Corporate Surveillance - BBB3(Lr) - - 30-Sep-15

1627 Shanta Properties Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-16

1628 Shanur Traders SME Surveillance CRAB-SE 4 - - 29-Sep-16

1629 Shapla Bricks Company-2 SME Initial Rating CRAB-SE 4 - - 2-Sep-16


38




1630 Shapla Screen & Dyeing Printing Ltd. SME Surveillance CRAB-ME 4 - - 21-May-16

1631 Sharif Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1632 Sharif Thread Industries SME Initial Rating CRAB-ME 4 - - 29-Mar-16

1633 Sharif Traders SME Initial Rating CRAB-ME 4 - - 23-Dec-15

1634 Sharif Trading SME Surveillance CRAB-ME 4 - - 10-May-16

1635 Sharmin Honda Center SME Initial Rating CRAB-SE 3 - - 25-Nov-15

1636 Sharp Kargo Kare Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Negative 31-Mar-16

1637 Shasha Denims Ltd. Corporate Surveillance A1 - ST-3 Stable 30-Jun-16

1638 Shasha Garments Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 13-Nov-15

1639 Shatu Pipes Ltd. SME Initial Rating CRAB-SE 3 - - 26-Jan-16

1640 Shatu Steels Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 14-Dec-15

1641 Shawon Fish Product (Pvt) Ltd. Corporate Surveillance - BBB3(Lr) - - 15-Dec-15

1642 Sheba CNG & Filling Station SME Initial Rating CRAB-ME 4 - - 26-Aug-16

1643 Sheltech Engineering Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 17-Jun-16

1644 Shetubanga Auto Rice Mills Ltd. SME Initial Rating CRAB-ME 4 - - 3-Jun-16

1645 Shikder Printing SME Initial Rating CRAB-SE 4 - - 30-Jun-16

1646 Shinu Agro Food Industries SME Initial Rating CRAB-SE 4 - - 4-Mar-16

1647 Shiv Textile Corporate Surveillance - BBB3(Lr) ST-3 - 28-Nov-15

1648 Shohagpur Textile Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 1-Jun-16

1649 Shohan Iron & Steel House SME Initial Rating CRAB-SE 3 - - 2-Dec-15

1650 Shohorab & Brothers Corporate Surveillance - BBB3(Lr) - - 22-Dec-15

1651 Shohrab Poultry & Fish Feed SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1652 Shomrat & Sumon Traders SME Initial Rating CRAB-SE 3 - - 20-May-16

1653 Shordar Varities SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1654 Shourav Enterprise SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1655 Shovo Enterprise SME Initial Rating CRAB-SE 3 - - 20-May-16

1656 Shovon Enterprise Ltd. Corporate Initial Rating - - ST-3 - 6-Jul-16

1657 Shovon Poly Bag Ind. Ltd. Corporate Initial Rating - BBB3(Lr) - - 6-Jul-16

1658 Shovon Trading SME Initial Rating CRAB-SE 4 - - 31-Dec-15

1659 Show Motion Ltd. Corporate Surveillance - A3(Lr) ST-3 - 27-Dec-15

1660 Shuvo Feed Processing Corporate Initial Rating - - ST-4 - 27-May-16

1661 Siam Sharees SME Initial Rating CRAB-SE 3 - - 8-Dec-15

1662 Sibah Enterprise Corporate Surveillance - BBB3(Lr) ST-3 - 30-Oct-15

1663 SIC Syndicate Corporate Surveillance - - ST-3 - 10-May-16

1664 Siddeswari Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1665 Sidma Fashion (Pvt.) Ltd. SME Initial Rating CRAB-ME 4 - - 12-Jul-16

1666 Sifat Enterprise Corporate Initial Rating - BB3(Lr) ST-4 - 17-Nov-15

1667 Sign Media Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 2-Sep-16

1668 Sign Trade Corporate Initial Rating - - ST-3 - 2-Sep-16

1669 Sikder Apparels Hosiery Ltd. Corporate Initial Rating B1 B1(Lr) ST-5 Stable 29-Oct-15

1670 Silkways Card & Printing Ltd. Corporate Surveillance BBB2 - ST-3 Stable 26-Aug-16

1671 Sinha Fabrics Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 15-Jun-16

1672 Sirajganj Iron & Steel House Corporate Surveillance - BB3(Lr) ST-4 - 13-May-16


39




1673 Sirina Garments & Textiles Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 12-Mar-16

1674 Skamp Garments Industries Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 21-May-16

1675 SKARF Agro (Pvt) Ltd. Corporate Initial Rating - BB3(Lr) - - 29-Oct-15

1676 Skyline Apparels Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-16

1677 Skyline Garments Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-16

1678 Snowtex Apparels Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 31-Mar-16

1679 Sobhan Ice & Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1680 Sofura & Sons Corporate Surveillance - - ST-3 - 31-Mar-16

1681 Sohel Trading Corporation Ltd. Corporate Surveillance - BBB2(Lr) - - 11-Dec-15

1682 Solar Television Mfg. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Nov-16

1683 Solid Feeds Ltd. Corporate Surveillance - BBB3(Lr) - - 30-Oct-15

1684 Solid Flour Mills Ltd. SME Initial Rating CRAB-SE 4 - - 21-Mar-16

1685 Soma Bricks SME Initial Rating CRAB-SE 4 - - 11-Feb-16

1686 Sonali Medical Hall SME Initial Rating CRAB-SE 3 - - 11-Aug-16

1687 Sonali Paper & Board Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

1688 Sonapahar Filling Station SME Initial Rating CRAB-SE 3 - - 6-May-16

1689 Sonda Cottage Industries SME Initial Rating CRAB-SE 4 - - 9-Sep-16

1690 Sonica Agri Foods Corporate Surveillance - BBB3(Lr) ST-4 - 30-Dec-15

1691 Sony Electronics Corporate Surveillance - BB1(Lr) ST-4 - 8-Dec-15

1692 Sopa Poultry Feed SME Initial Rating CRAB-SE 4 - - 2-Dec-15

1693 Sopura Silk Mills Ltd. Corporate Surveillance - - ST-3 - 12-Jul-16

1694 Sornali Knit Composite Ltd. Corporate Initial Rating - - ST-5 - 31-Dec-15

1695 Sourav Fish Corporate Surveillance - BBB3(Lr) ST-3 - 1-Apr-16

1696 South Eastern Paper Mills Ltd. Corporate Surveillance BB2 - ST-4 Stable 31-Mar-16

1697 South West Printing & Packaging Ltd. SME Surveillance CRAB-ME 4 - - 5-Dec-15

1698 Southern Clothings Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 28-Dec-15

1699 Southern Posak Shilpa Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 28-Dec-15

1700 Southern Services Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 28-Dec-15

1701 Soya Protein Marketing Company Corporate Surveillance - - ST-4 - 30-Dec-15

1702 SP Fashions Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-16

1703 Spacio Apparel Ltd. SME Initial Rating CRAB-ME 4 - - 25-Feb-16

1704 Speed Collection Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 21-Sep-16

1705 Speed Fabric Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 21-Sep-16

1706 Speedway Logistics SME Initial Rating CRAB-ME 3 - - 10-Jun-16

1707 Sports Bazar SME Initial Rating CRAB-SE 3 - - 18-Feb-16

1708 SRK Trading & its sister concern M/S Glummer World SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1709 Standard Collection Manufacturing Co. Corporate Surveillance - BBB3(Lr) ST-3 - 5-Mar-16

1710 Standard Finis Oil Co. Corporate Surveillance - BBB2(Lr) ST-3 - 19-Sep-16

1711 Standard Group Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Sep-16

1712 Standard Stitches Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-16

1713 Star Adhesive Ltd. Corporate Initial Rating - A2(Lr) ST-3 - 6-Oct-16

1714 Star Partical Board Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-16

1715 Star Sea Food Industries Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Dec-15


40




1716 Starling Rinse Effect Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Jan-16

1717 Steel & Cement Corporation Corporate Surveillance - - ST-3 - 13-Sep-16

1718 Sterling Designs Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 7-Dec-15

1719 Stone Age SME Initial Rating CRAB-SE 3 - - 30-Dec-15

1720 STS Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Positive 31-Mar-16

1721 Suchayan Traders SME Initial Rating CRAB-SE 4 - - 21-Mar-16

1722 Sufia Fabrics Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-16

1723 Sugandha Bakery SME Initial Rating CRAB-ME 3 - - 17-Nov-15

1724 Suja Enterprise SME Initial Rating CRAB-SE 4 - - 18-Feb-16

1725 Sul Packaging Industries Ltd. Corporate Initial Rating - BBB3(Lr) - - 9-Sep-16

1726 Sulav Bitan SME Initial Rating CRAB-SE 4 - - 29-Apr-16

1727 Suma International Services SME Surveillance CRAB-SE 4 - - 4-Jun-16

1728 Summit Alliance Port Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Dec-15

1729 Sumon Auto Rice Mill SME Surveillance CRAB-ME 3 - - 22-Jul-16

1730 Sumon Enterprise SME Initial Rating CRAB-ME 3 - - 15-Sep-16

1731 Sumon Flour Mills SME Surveillance CRAB-ME 3 - - 9-Sep-16

1732 Sumon Steel & Wooden Furniture SME Initial Rating CRAB-SE 4 - - 6-Jul-16

1733 Sumon Traders SME Surveillance CRAB-SE 3 - - 30-Dec-15

1734 Super Sonic Electro Ltd. Corporate Initial Rating BB2(Pr) - - - 31-Dec-15

1735 Super Thai Plastic Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 30-Jun-16

1736 Supershine Apparel Ltd. Corporate Surveillance - - ST-4 - 11-Sep-16

1737 Suravi Traders SME Surveillance CRAB-ME 3 - - 1-Dec-15

1738 Surma Petroleum Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

1739 Surma Travels (Pvt) Ltd. SME Surveillance CRAB-SE 4 - - 22-Apr-16

1740 Suvastu Development Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Positive 6-May-16

1741 Swisstex Printers Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 29-Jun-16

1742 Synergic Bangladesh Ltd. SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1743 Systems Solutions & Development Technologies Ltd. Corporate Initial Rating - A3(Lr) - - 29-Jul-16

1744 SYTCO Corporate Initial Rating - - ST-4 - 30-Dec-15

1745 T A Traders SME Initial Rating CRAB-SE 3 - - 25-Nov-15

1746 T H Paper & Packaging Industries SME Initial Rating CRAB-SE 4 - - 26-Aug-16

1747 Taher & Co. Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 4-Feb-16

1748 Taher & Sons SME Initial Rating CRAB-SE 4 - - 12-Apr-16

1749 Tahia Enterprise SME Initial Rating CRAB-SE 3 - - 29-Apr-16

1750 Tahir & Sons Corporate Initial Rating - - ST-3 - 23-Dec-15

1751 Tahmid Auto Rice Mills Corporate Surveillance - BB1(Lr) - - 30-Oct-15

1752 Taj Enterprise Corporate Surveillance - BB1(Lr) - - 22-Apr-16

1753 Taj Plastic Industries Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-16

1754 Takwa Fashion Pvt. Ltd. SME Initial Rating CRAB-SE 4 - - 21-Sep-16

1755 Talha Tex Pro Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 29-Jun-16

1756 Talora Corporation SME Initial Rating CRAB-SE 3 - - 29-Dec-15

1757 Talukder Network SME Initial Rating CRAB-SE 3 - - 27-May-16

1758 Talukder Telecom SME Initial Rating CRAB-SE 4 - - 29-Oct-15


41




1759 Talukder Traders SME Initial Rating CRAB-SE 4 - - 10-Jun-16

1760 Tamanna Ltd. Corporate Surveillance - BBB2(Lr) ST-4 - 31-May-16

1761 Tanayabi Enterprise Corporate Surveillance - BB1(Lr) - - 19-Feb-16

1762 Tanima Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

1763 Tara Spinning Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 28-Nov-15

1764 Tarasima Apparels Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 30-Jan-16

1765 Taratex (BD) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 6-Nov-15

1766 Tareque International SME Initial Rating CRAB-SE 3 - - 29-Dec-15

1767 Tarif Auto Flour Mills Corporate Surveillance - BB1(Lr) - - 30-Jun-16

1768 Taskin Traders SME Initial Rating CRAB-SE 3 - - 6-Oct-16

1769 Tawheed Plastic Industries Corporate Surveillance - BB3(Lr) ST-4 - 30-Mar-16

1770 Tawhid Fabrics SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1771 Tayeba Weaving Factory SME Initial Rating CRAB-ME 4 - - 9-Sep-16

1772 Taz Enterprise SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1773 TECH ME Engineering (Pvt) Ltd. Corporate Initial Rating - - ST-3 - 25-Nov-15

1774 Tech Squad Corporate Surveillance - - ST-3 - 30-Sep-15

1775 Technip Corporation SME Initial Rating CRAB-SE 4 - - 30-Jun-16

1776 Techno HVAC System Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 15-Jun-16

1777 Techven Properties Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-15

1778 Teco Electronics SME Surveillance CRAB-SE 4 - - 26-Jun-16

1779 Tele Trade Engineers Corporate Initial Rating - BB2(Lr) ST-4 - 6-Jul-16

1780 Tempaco Foils Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Sep-16

1781 Tex Tailor Export (BD) Ltd. Corporate Surveillance - - ST-4 - 11-Dec-15

1782 Texcomm Exports Ltd. Corporate Surveillance - BBB3(Lr) - - 13-Nov-15

1783 Textile Horizon Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

1784 That's It Knit Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 31-Oct-15

1785 The AB Marketing & Distribution Corporate Surveillance - BB1(Lr) ST-3 - 27-Dec-15

1786 The Aristocrat Agro Ltd.-Auto Rice Mill Corporate Surveillance - BB3(Lr) - - 30-Mar-16

1787 The IBN Sina Pharmaceutical Industry Ltd. Corporate Initial Rating A3 A3 (Lr) ST-3 Stable 5-Nov-15

1788 The Immaculate (Pvt.) Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1789 The Immaculate Accessories Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1790 The Immaculate Apparels Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1791 The Immaculate Exports Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1792 The Immaculate Textiles Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1793 The New Abul Stone Crushing Industries Corporate Surveillance - - ST-3 - 30-Nov-15

1794 The Pipeline Engineers & Associates Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 28-Feb-16

1795 The Rani Re-Rolling Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 28-Dec-15

1796 The Rose Dresses Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Jan-16

1797 Three Star Automobile SME Surveillance CRAB-SE 3 - - 4-Jun-16

1798 Three Star Traders SME Initial Rating CRAB-SE 3 - - 27-May-16

1799 Tiasha Mini Auto Rice Mill Corporate Initial Rating - BB3(Lr) ST-4 - 25-Nov-15

1800 Tibrijee Enterprise SME Initial Rating CRAB-ME 3 - - 2-Sep-16

1801 Tip Top Fashions Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16


42




1802 Tithi Enterprise SME Initial Rating CRAB-SE 4 - - 29-Apr-16

1803 Tithi Textile Mills (Pvt) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-16

1804 TNTS Enterprise Corporate Surveillance - BB1(Lr) - - 20-Mar-16

1805 Tofazzal Cosmetic & Gift Shop Corporate Surveillance - - ST-3 - 14-Mar-16

1806 Tokai Power Products Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Negative 29-Jun-16

1807 Toma Concrete Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 30-Dec-15

1808 Tongi Oil Mill & Company Corporate Surveillance - BBB1(Lr) - - 28-Dec-15

1809 Tonmoy Traders Corporate Initial Rating - BBB3(Lr) ST-3 - 5-Aug-16

1810 Top Star Fashions Ltd. Corporate Surveillance - - ST-4 - 29-Jun-16

1811 Top Ten Fabrics & Tailors Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 24-Jun-16

1812 Torque Fashions Ltd. Corporate Initial Rating BBB3 - ST-1,ST-3 Stable 2-Sep-16

1813 Tosiron Poultry & Hatchery SME Initial Rating CRAB-SE 3 - - 20-Aug-16

1814 Total Agro & Aqua Culture Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 30-Sep-15

1815 Toyab Steel Corporation SME Initial Rating CRAB-SE 4 - - 12-Apr-16

1816 Trade International SME Initial Rating CRAB-ME 3 - - 11-Nov-15

1817 Trade International Marketing Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

1818 Trade Port SME Surveillance CRAB-SE 4 - - 24-Sep-16

1819 Transworld Sweaters Ltd. Corporate Initial Rating BBB3 - ST-4 Stable 31-Aug-16

1820 Tri Matra Development Ltd. Corporate Initial Rating - BB3(Lr) - - 2-Sep-16

1821 Trisha Flour Mill Corporate Surveillance - BB2(Lr) ST-4 - 19-Aug-16

1822 Trouser World (Pvt.) Ltd. Corporate Surveillance - CCC(Lr) ST-5 - 23-Dec-15

1823 Tulagaon Fashions Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 7-Dec-15

1824 Tulip Enterprise Corporate Surveillance - - ST-3 - 30-Jun-16

1825 Tulip Steel Corporate Surveillance - BB1(Lr) ST-3 - 30-Jun-16

1826 Tulshi Industries Corporate Surveillance - BB1(Lr) ST-3 - 30-Nov-15

1827 Tung Hai Sweaters Ltd. Corporate Surveillance - A3(Lr) ST-3 - 23-Dec-15

1828 Turag Garments & Hosiery Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Nov-15

1829 Turna Enterprise Corporate Surveillance - - ST-4 - 29-Dec-15

1830 Tushar Traders & its sister concerns Corporate Initial Rating - BBB3(Lr) - - 4-Feb-16

1831 Tusuka Apparels Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 22-Apr-16

1832 Tusuka Denim Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 22-Apr-16

1833 Tusuka Fashions Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 22-Apr-16

1834 Tusuka Jeans Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 22-Apr-16

1835 Tusuka Washing Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 22-Apr-16

1836 Udayan & Company Corporate Initial Rating - - ST-4 - 22-Apr-16

1837 Uni Food Products SME Initial Rating CRAB-SE 4 - - 2-Sep-16

1838 Unicom Media Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 14-Dec-15

1839 Unicom Textile Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 11-Jun-16

1840 Unifill Composite Dyeing Mills Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 29-Jun-16

1841 Unifill Textile Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 18-Feb-16

1842 Unilliance Textiles Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 27-Jun-16

1843 Unipex Trade Corporation Ltd. Corporate Surveillance - - ST-4 - 19-Dec-16

1844 Unique Footwear Industries Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16


43




1845 Unison Homoeo Pharmacy & Laboratories SME Initial Rating CRAB-SE 3 - - 4-Feb-16

1846 Unitech SME Initial Rating CRAB-SE 4 - - 27-May-16

1847 United Airways (Bangladesh) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-1, ST-3 Stable 29-Dec-15

1848 United Apparels Industries Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 5-Jun-16

1849 United Design & Construction SME Initial Rating CRAB-SE 4 - - 30-Jun-16

1850 United Traders Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1851 Universal Engineering SME Initial Rating CRAB-ME 4 - - 5-Nov-15

1852 Universal Menswear Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 14-Jan-16

1853 Universal Paper & Board Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1854 Univet Limited Corporate Surveillance - - ST-4 - 10-May-16

1855 Usha Jute Spinners Ltd. Corporate Surveillance BBB2 - - Stable 31-Mar-16

1856 Uttara University Corporate Initial Rating - BBB3(Lr) - - 17-Nov-15

1857 Uzzal Enterprise SME Initial Rating CRAB-SE 3 - - 19-Aug-16

1858 Valuka Feeds Corporate Surveillance - BBB3(Lr) - - 5-Dec-15

1859 Vastech Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 23-Dec-15

1860 Venus Jewellers Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 26-Jan-16

1861 Venus Telecom Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 21-Jul-16

1862 Vertex Innovative Apparels Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 15-Jun-16

1863 Vets Farma Formulations Corporate Surveillance - BB2(Lr) ST-4 - 27-Mar-16

1864 Virgo Fish & Agro Process Ltd. Corporate Surveillance - BB3(Lr) - - 13-Feb-16

1865 Vitalac Diary & Food Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

1866 Viyellatex Limited Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

1867 Viyellatex Spinning Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

1868 VOTT Oil Refineries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

1869 Wallford International Corporate Initial Rating - BBB3(Lr) ST-3 - 17-Jun-16

1870 Wasco Biscuit & Bread Factory Corporate Surveillance - BBB1(Lr) ST-3 - 15-Dec-15

1871 Wasi Trade International SME Initial Rating CRAB-ME 4 - - 5-Aug-16

1872 Wasim Enterprise SME Initial Rating CRAB-SE 3 - - 11-Nov-15

1873 Wave Jute Mills Ltd. SME Initial Rating CRAB-ME 3 - - 15-Sep-16

1874 Wear Mag Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable 29-Apr-16

1875 Web Coats Ltd. SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1876 Well Accessories Ltd. Corporate Surveillance BBB2 BBB3(Lr) ST-3 Stable 30-Jun-16

1877 Well Designers Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 19-Mar-16

1878 Well Dresses Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 15-Dec-15

1879 Well Fashion Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 26-Mar-16

1880 Well Foods Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 10-Jun-16

1881 Well Mart Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 13-Mar-16

1882 Well Trade Corporate Surveillance - BB1(Lr) ST-4 - 15-Dec-15

1883 Westecs Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 25-Feb-16

1884 Western Electronics Ind. Syndicate Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 - 5-Nov-15

1885 Widespread Solutions Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 29-Dec-15

1886 William Agencies Corporate Surveillance - - ST-3 - 13-May-16

1887 Winsome Knit Composite Ltd. Corporate Surveillance - - ST-3 - 30-Mar-16


44




1888 Wintex Washing Center Corporate Surveillance - BB2(Lr) ST-4 - 13-Aug-16

1889 Wohab Traders & Zahid Biz Vander SME Initial Rating CRAB-SE 3 - - 19-Dec-15

1890 Woodland Plywood & Particle Board Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Dec-15

1891 World Book Distribution Center Corporate Surveillance - BBB2(Lr) - - 28-May-16

1892 X-Ceramics Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 18-Jun-16

1893 Y B Garments Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Sep-16

1894 Yakub Food Industries SME Surveillance CRAB-SE 4 - - 27-May-16

1895 Yasin Agro Food Industries SME Initial Rating CRAB-SE 4 - - 15-Sep-16

1896 Yeakin Polymer Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

1897 Younus Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1898 Younus Fine Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1899 Younus Newsprint Mill Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1900 Younus Offset Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1901 Younus Paper Mills Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1902 Younus Specialized Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 - 30-Jun-16

1903 Younus Spinning Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

1904 Your Fashion Sweater Ltd. Corporate Initial Rating BBB2 - ST-3 Stable 31-Aug-16

1905 Yousuf Bricks SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1906 Yousuf Multi Traders SME Initial Rating CRAB-SE 4 - - 6-May-16

1907 Yusuf Chemicals Industries Corporate Surveillance - - ST-3 - 25-Jul-16

1908 Zaber & Brothers Corporate Surveillance - - ST-3 - 19-Dec-15

1909 Zadid Labels Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 30-Dec-15

1910 Zahed Motors & Electronics Corporate Surveillance - BB2(Lr) - - 30-Dec-15

1911 Zaheen Spinning Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-16

1912 Zahid Enterprise Ltd. Corporate Surveillance A3 A3(Lr) ST-1, ST-3 Stable 15-Dec-15

1913 Zahir Knit Fashions Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 3-Jun-16

1914 Zakir Textile Corporate Surveillance - BBB3(Lr) ST-4 - 30-Jun-16

1915 Zakmars Fashion Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Nov-15

1916 Zam Zam Chingri Prokalpa SME Initial Rating CRAB-SE 4 - - 12-Apr-16

1917 Zaman Traders Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-16

1918 Zaman Traders SME Initial Rating CRAB-SE 4 - - 18-Oct-15

1919 Zass Telecom Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 19-Dec-15

1920 ZED & ZED Corporation Corporate Initial Rating BBB3 - - Stable 22-Sep-16

1921 Zenith Fabrics Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Sep-15

1922 Zerin Trade International SME Initial Rating CRAB-SE 4 - - 11-Mar-16

1923 Zihan & Company (Pvt.) Ltd. Corporate Surveillance BB3 BB3(Lr) - Stable 29-Dec-15

1924 Zihan Auto Rice Mills Ltd. Corporate Surveillance BB3 BB3(Lr) - Stable 29-Dec-15

1925 Zillur Rahman Corporate Surveillance - - ST-3 - 30-Apr-16

1926 Zinia Trade International SME Initial Rating CRAB-SE 3 - - 12-Apr-16

1927 Zinuk Poultry Feed Mill SME Initial Rating CRAB-SE 3 - - 2-Dec-15

1928 Ziri Subedar Steel Re-Rolling Mills Corporate Surveillance - BB1(Lr) ST-4 - 2-Sep-16

1929 Zisan Enterprise SME Initial Rating CRAB-SE 4 - - 15-Sep-16

1930 Ziska Pharmaceuticals Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Dec-15


45




1931 ZM Traders SME Initial Rating CRAB-SE 3 - - 29-Oct-15

1932 Zobair Traders SME Surveillance CRAB-ME 3 - - 3-Jun-16

1933 ZSB Garments Ltd. Corporate Surveillance BB3 - ST-4 Stable 10-May-16

1934 Zulfiquer Enterprise SME Initial Rating CRAB-ME 3 - - 14-Dec-15

1935 Zuma Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15


* 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: 01714 116569, 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.

46


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-16

2 Al-Arafah Islami Bank Ltd. Bank Surveillance AA3 ST-2 Positive 30-Jun-16

3 Bank Alfalah Ltd. Bank Surveillance A1 ST-2 Stable 30-Jun-16

4 Bank Asia Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-16

5 BRAC Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-16

6 BRAC Bank Ltd.–Bond Bank Surveillance AA3(Hybrid) Stable 4-Feb-16

7 Dhaka Bank Ltd.-Bond Bank Surveillance A1(Hybrid) - Stable 30-Jun-16

8 Dutch-Bangla Bank Ltd. Bank Surveillance AA1 ST-1 Stable 30-Jun-16

9 HSBC Bangladesh Bank Surveillance AAA ST-1 Stable 30-Jun-16

10 IFIC Bank Ltd. Bank Surveillance AA2 ST-2 Positive 30-Jun-16

11 IFIC Bank Ltd.-Bond Bank Initial Rating AA3(Hybrid) Stable 19-Aug-16

12 Jamuna Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-16

13 Modhumoti Bank Ltd. Bank Surveillance BBB2 ST-2 Developing 30-Jun-16

14 National Bank Ltd.- Bond Bank Surveillance A2(Hybrid) - Stable 31-Dec-15

15 NRB Bank Ltd. Bank Surveillance BBB2 ST-2 Developing 30-Jun-16

16 Prime Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-16

17 Shahjalal Islami Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-16

18 South Bangla Agriculture and Commerce Bank Ltd. Bank Surveillance BBB2 ST-2 Developing 30-Jun-16

19 Standard Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-16

20 Subordinated Bond-I of AB Bank Ltd. Bank Surveillance A1(Hybrid) - Stable 22-Apr-16

21 Subordinated Bond-II of AB Bank Ltd. Bank Initial Rating A1(Hybrid) - Stable 3-Jun-16

22 The City Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-16

23 The City Bank Ltd.-Bond Bank Surveillance AA3(Hybrid) - Stable 24-Jun-16

24 Trust Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-16

25 Uttara Bank Ltd. Bank Surveillance AA3 - Stable 30-Jun-16

26 DBH Finance Corporation Ltd. NBFI Surveillance AAA ST-1 Stable 31-Dec-15

27 FAS Finance & Investment Ltd. NBFI Surveillance BBB1 ST-3 Stable 30-Jun-16

28 IPDC Bangladesh Ltd. NBFI Initial Rating AA2 ST-2 Stable 30-Jun-16

29 National Housing Finance & Investments Ltd. NBFI Surveillance A1 ST-3 Stable 30-Jun-16

30 People's Leasing & Financial Services Ltd. NBFI Surveillance BBB2 ST-3 Stable 30-Jun-16

31 Trust Bank Investment Ltd. Merchant Bank Surveillance A3 - Stable 30-Jun-16

For any clarification please contact:

H S Sohrawardhi, Executive Vice PresidentCell: 01713 032807, E-mail: [email protected]




47

Rating Update - September 2015(Updated up to 30 September 2015)

Sl No. Name of Insurance Industry Rating Type Entity Ratings Validity

(Alphabetical order) Long Term Short Term Outlook

1 Crystal Insurance Company Ltd. Insurance Surveillance BBB1 ST-3 Stable 30-Jun-16

2 Green Delta Insurance Company Ltd. Insurance Surveillance AAA ST-1 Stable 30-Jun-16

3 Islami Insurance Bangladesh Ltd. Insurance Surveillance A3 ST-3 Stable 30-Jun-16

4 Sandhani Life Insurance Co. Ltd. Insurance Surveillance A1 - Stable 30-Jun-16

5 Sunlife Insurance Company Ltd. Insurance Surveillance BBB3 - Stable 30-Jun-16

6 Takaful Islami Insurance Ltd. Insurance Surveillance A3 ST-3 Stable 30-Jun-16

Sl No. Name of Micro Finance Institution Industry Name Type of Rating Entity Ratings Validity

(Alphabetical order) Long Term Short Term Outlook

1 BRAC MFI Surveillance AAA ST-1 Stable 30-Sep-15

2 Buro Bangladesh MFI Surveillance AA3 ST-2 Stable 31-Dec-15

3 DESHA Shechsashebi Artho-Samajik Unnyan O Manobik Kallyan SangsthaMFI Surveillance BBB2 - Negative 22-Dec-15

4 Dushtha Shasthya Kendra MFI Surveillance A3 ST-3 Stable 22-Dec-15

5 Jagorani Chakra Foundation MFI Surveillance A1 ST-3 Stable 22-Dec-15

6 People's Oriented Program Implementation (POPI) MFI Surveillance BB1 - Stable 22-Dec-15

7 SETU MFI Initial Rating BB1 - Stable 22-Dec-15

8 Society for Development Initiative MFI Initial Rating BBB2 - Stable 22-Dec-15

9 Society for Social Service MFI Initial Rating AA3 ST-2 Stable 31-Dec-15

10 Socio Economic Health Education Organization MFI Surveillance BBB3 ST-4 Stable 22-Dec-15

11 Srizony Bangladesh MFI Surveillance B1 ST-5 Stable 22-Dec-15

12 TMSS MFI Surveillance AA3 - Stable 22-Dec-15

13 United Development Initiatives for Programmed Action (UDDIPON)MFI Surveillance AA3 ST-2 Stable 22-Dec-15

14 UTTARAN MFI Initial Rating A3 ST-3 Stable 22-Dec-15

For any clarification please contact: H S Sohrawardhi, Executive Vice President

Cell: 01713 032807, E-mail: [email protected]




48

CRAB Rating Scales and Definitions

49

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.


50

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.


51

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 2015, 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.


52

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.


53

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 2015, 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.


54

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.


55

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.

























56

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.


57

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.

























58

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.


59

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.


60

Appendix 12: CRAB Rating Scales and Definitions –SME

DISCLAIMER

© Copyright 2015, 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,


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, EXPRESSED 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.

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, 9571238, 7175368,

ww

w.c

rab.

com

.bd;

ww

w.c

rabr

atin

g.co

m

CCC rrr eee ddd iii ttt RRR aaa ttt iii nnn ggg

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

Bogra Office:Molaya Bhaban (1484/A Roy Bahadur Road

Jaleswaritola, BograEmail: [email protected]

Phone: 01713-202660, 01777

gg AAA ggg eee nnn ccc yyy ooo fff BBB aaa nnn ggg lll aaa ddd eee sss

Corporate Office:Sena Kalayan Bhaban (SKB)

Level: 16, Suite: 1601 & 1602195 Motijheel C/A, Dhaka 1000, Bangladesh

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

Bogra Office:Molaya Bhaban (1st Floor)484/A Roy Bahadur Road

Jaleswaritola, Bogra-5800Email: [email protected]

202660, 01777-758864

sss hhh LLL iii mmm iii ttt eee ddd

rating update - september 2015 · 2019-01-09 · rating update - september 2015 (update up to 30...

Documents