QUARTERLY CREDIT RATING REPORT
Quarterly Credit Rating Report
(Alpha Credit Rating Limited)
(FourthQuarter, 2023)
01 October 2023 to 31 December 2023
| name_of_entity_or_instrument | type_of_entity_or_issuer | nature_of_rating | source_of_rating | quarter_of_rating | rating_date | long_term_rating | long_expiry_date | short_term_rating | short_expiry_date | outlook |
| CVC Finance Limited | NBFI | Surveillance | Entity | Q4 | 10/5/2023 | A | 8/15/2024 | ST-2 | 8/15/2024 | Stable |
| BDT 500000 million Floating Rate Non Convertible Subordinated Bond IV of Trust Bank Limited | Bond | Surveillance | Instrument Rating | Q4 | 11/8/2023 | AA | 10/10/2024 | NA | 10/10/2024 | Stable |
| MIDAS Financing Limited | Bank | Surveillance | Entity | Q4 | 11/13/2023 | A | 6/27/2024 | ST-2 | 6/27/2024 | Stable |
| 1st Tranche Issue of BDT 6000 Million of IBBL 3rd Mudaraba Redeemable Unsecured Non Convertible Floating Rate Subordinated Bond | Bond | Surveillance | Instrument Rating | Q4 | 11/15/2023 | AA+ | 11/14/2024 | NA | 11/14/2024 | Stable |
| Renata Zero Coupon Bond | Bond | Initial | Instrument Rating | Q4 | 11/19/2023 | AA+ | 11/18/2024 | NA | 11/18/2024 | Stable |
| Rajshahi Krishi Unnayan Bank | Bank | Surveillance | Entity | Q4 | 11/29/2023 | BB- | 11/10/2024 | ST-3 | 11/10/2024 | Stable |
| Agrani Bank 1st Subordinated Bond | Bond | Surveillance | Instrument Rating | Q4 | 12/10/2023 | A | 12/9/2024 | NA | 12/9/2024 | Stable |
| Phoenix Finance and Investments Limited | NBFI | Surveillance | Entity | Q4 | 12/11/2023 | A- | 11/16/2024 | ST-3 | 11/16/2024 | Stable |
| Mercantile Bank 2nd Subordinated Bond | Bond | Surveillance | Instrument Rating | Q4 | 12/18/2023 | AA- | 12/7/2024 | NA | 12/7/2024 | Stable |
| BDT 6000 Million Floating Rate Non Convertible Subordinated Bond issued by Rupali Bank Limited | Bond | Surveillance | Instrument Rating | Q4 | 12/21/2023 | BBB+ | 8/2/2024 | NA | 8/2/2024 | Stable |
| Genex Infosys Convertible Redeemable Bond | Bond | Initial | Instrument Rating | Q4 | 12/26/2023 | A+ | 12/25/2024 | NA | 12/25/2024 | Stable |
| Meridian Finance and Investment Limited | Bank | Surveillance | Entity | Q4 | 12/28/2023 | A- | 8/3/2024 | ST-3 | 8/3/2024 | Stable |
| Coupon Bearing Floating Rate Non Convertible Secured BDT 10000000000 Bond issued by North West Power Generation Company Limited | Bond | Surveillance | Instrument Rating | Q4 | 12/28/2023 | AAA | 12/6/2024 | NA | 12/6/2024 | Stable |
| Paramount Textile Zero Coupon Bond | Bond | Surveillance | Instrument Rating | Q4 | 12/28/2023 | AA- | 12/21/2024 | NA | 12/21/2024 | Stable |