QUARTERLY CREDIT RATING REPORT
(Alpha Credit Rating Limited)
(First Quarter, 2018)
01 January 2018 to 31 March 2018
| SL | Name of company | Type of company | Rating Date | Long Term Rating | Expiry Date | Short Term Rating |
| 1 | M/S Nabil Auto Rice Mill | Corporate | 2-Jan-18 | BBB+ | 1-Jan-19 | ST-3 |
| 2 | Sharif Melamine Industries Limited | Corporate | 2-Jan-18 | A | 1-Jan-19 | ST-2 |
| 3 | Sharif Home Appliance Limited | Corporate | 2-Jan-18 | A | 1-Jan-19 | ST-2 |
| 4 | BDT 6000 million Floating Rate Non Convertible Subordinated Bond of Rupali Bank Limited | Bond | 3-Jan-18 | BBB+ | 2-Jan-19 | N/A |
| 5 | M/S Dyeeing & Printing Ltd. | Corporate | 3-Jan-18 | BBB+ | 2-Jan-19 | ST-3 |
| 6 | M/S Bhuiyan Brothers & M/S Moushumi Enterprise | Corporate | 3-Jan-18 | A | 2-Jan-19 | ST-2 |
| 7 | M/S Rupali Trading Agency, M/S Nur E Madina Overseas, M/S ABH Corporation | Corporate | 3-Jan-18 | BBB+ | 2-Jan-19 | ST-3 |
| 8 | Desh General Insurance Company Limited | Non Life | 4-Jan-18 | A+ | 3-Jan-19 | ST-3 |
| 9 | M/S Opex International | Corporate | 7-Jan-18 | BBB | 6-Jan-19 | ST-3 |
| 10 | The Rose Garments Designer Limited | Corporate | 8-Jan-18 | BBB+ | 7-Jan-19 | ST-3 |
| 11 | Time Trims Limited | Corporate | 9-Jan-18 | BBB | 8-Jan-19 | ST-3 |
| 12 | Graphics Information System Limited | Corporate | 9-Jan-18 | BB+ | 8-Jan-19 | ST-4 |
| 13 | Tropical Homes Ltd. | Corporate | 9-Jan-18 | BBB+ | 8-Jan-19 | ST-3 |
| 14 | Badon Fashion Ltd. | Corporate | 11-Jan-18 | BBB | 10-Jan-19 | ST-3 |
| 15 | M/S Reza Auto Rice Mill | Corporate | 14-Jan-18 | BBB+ | 13-Jan-19 | ST-3 |
| 16 | Modhumoti Agro Limited | Corporate | 15-Jan-18 | BBB | 14-Jan-19 | ST-3 |
| 17 | Pragati Life Insurance Limited | Life Insurance | 15-Jan-18 | AA- | 14-Jan-19 | ST-2 |
| 18 | Sahaba Yarn Limited | Corporate | 15-Jan-18 | BBB | 14-Jan-19 | ST-3 |
| 19 | A.R Flour & Foods Ltd. | Corporate | 15-Jan-18 | BBB+ | 14-Jan-19 | ST-3 |
| 20 | M/S Sahara Enterprise & its sister concern | Corporate | 15-Jan-18 | BBB | 14-Jan-19 | ST-3 |
| 21 | Systems & Services Limited | Corporate | 17-Jan-18 | BBB+ | 16-Jan-19 | ST-3 |
| 22 | TriStar Hi Tech Home Industries Ltd. | Corporate | 17-Jan-18 | BBB | 16-Jan-19 | ST-3 |
| 23 | Aftabunnesa Textile Limited | Corporate | 17-Jan-18 | BB | 16-Jan-19 | ST-4 |
| 24 | Pally Unnayan Samaj Kallyan Sangstha | NGO | 18-Jan-18 | BBB | 17-Jan-19 | ST-3 |
| 25 | Jamuna Elastic & Accessories Limited | Corporate | 20-Jan-18 | BBB | 19-Jan-19 | ST-3 |
| 26 | Footbed Footwear Ltd. | Corporate | 21-Jan-18 | BBB | 20-Jan-19 | ST-3 |
| 27 | Bangladesh Development Society | Corporate | 21-Jan-18 | A- | 20-Jan-19 | ST-2 |
| 28 | Green Castle Trading House | Corporate | 23-Jan-18 | BBB+ | 22-Jan-19 | ST-3 |
| 29 | Babar Cold Storage (Pvt.) Limited | Corporate | 23-Jan-18 | BBB+ | 22-Jan-19 | ST-3 |
| 30 | M/S M.H. Trading | Corporate | 23-Jan-18 | BBB | 22-Jan-19 | ST-3 |
| 31 | Continental Insurance Limited | Non-Life | 24-Jan-18 | AA- | 23-Jan-19 | ST-2 |
| 32 | Tunic Sportswear Limited | Corporate | 24-Jan-18 | BBB | 23-Jan-19 | ST-3 |
| 33 | The Rose Garments Designer Unit 2 Ltd. | Corporate | 24-Jan-18 | BBB+ | 23-Jan-19 | ST-3 |
| 34 | Chowdhury Garments Limited | Corporate | 24-Jan-18 | BBB | 23-Jan-19 | ST-3 |
| 35 | Araf Weaving & Dyeing Limited | Corporate | 24-Jan-18 | BBB | 23-Jan-19 | ST-3 |
| 36 | Mercantile Insurance Company Limited | Non-Life | 25-Jan-18 | AA- | 24-Jan-19 | ST-2 |
| 37 | MM Energy Limited | Corporate | 29-Jan-18 | BBB+ | 28-Jan-19 | ST-3 |
| 38 | M.M Refinery Limited | Corporate | 29-Jan-18 | BBB+ | 28-Jan-19 | ST-3 |
| 39 | M/S S.B Cold Storage (PVT) Ltd. | Corporate | 29-Jan-18 | BBB+ | 28-Jan-19 | ST-3 |
| 40 | Perkz Denims Limited | Corporate | 29-Jan-18 | BBB | 28-Jan-19 | ST-3 |
| 41 | M/S Sattar Metal Industries | Corporate | 30-Jan-18 | A | 29-Jan-19 | ST-3 |
| 42 | M/S F.M. Auto Rice Mill | Corporate | 30-Jan-18 | BBB | 29-Jan-19 | ST-3 |
| 43 | Alpha Dresswear Limited | Corporate | 30-Jan-18 | A- | 29-Jan-19 | ST-3 |
| 44 | Jas Trading | Corporate | 31-Jan-18 | BBB | 30-Jan-19 | ST-3 |
| 45 | Blue Planet Knit Composite Ltd. | Project Finance | 31-Jan-18 | A | 30-Jan-19 | ST-3 |
| 46 | Sadharan Bima Corporation | Non-Life | 31-Jan-18 | AAA | 30-Jan-19 | ST-1 |
| 47 | Bengal Shipyard Limited | Corporate | 31-Jan-18 | BBB- | 30-Jan-19 | ST-3 |
| 48 | Bestex Fashions Ltd | Corporate | 2-Feb-18 | BBB- | 1-Feb-19 | ST-3 |
| 49 | Best Leather Company Limited | Corporate | 2-Feb-18 | BBB+ | 1-Feb-19 | ST-3 |
| 50 | M/S Globe Traders | Corporate | 4-Feb-18 | BBB+ | 3-Feb-19 | ST-3 |
| 51 | Famous Trading Corporation | Corporate | 4-Feb-18 | BBB | 3-Feb-19 | ST-3 |
| 52 | M/S Rainbow Corporation | Corporate | 4-Feb-18 | BBB+ | 3-Feb-19 | ST-3 |
| 53 | AG Property Developments Ltd. | Corporate | 4-Feb-18 | BBB | 3-Feb-19 | ST-3 |
| 54 | S.Alam Power Generation Ltd. | Corporate | 5-Feb-18 | A- | 4-Feb-19 | ST-3 |
| 55 | M/S Giash Corporation | Corporate | 5-Feb-18 | BBB+ | 4-Feb-19 | ST-3 |
| 56 | M/S Fancy Fair Corporation | Corporate | 5-Feb-18 | BBB | 4-Feb-19 | ST-3 |
| 57 | Quality Fashion Wear Ltd. | Corporate | 5-Feb-18 | BBB+ | 4-Feb-19 | ST-3 |
| 58 | Imran Enterprise Limited | Corporate | 5-Feb-18 | BBB | 4-Feb-19 | ST-3 |
| 59 | Studio Innvito ( A Project of Innvito Limited) | Corporate | 6-Feb-18 | BBB | 5-Feb-19 | ST-3 |
| 60 | M/S Hanif Traders | Corporate | 6-Feb-18 | A | 5-Feb-19 | ST-2 |
| 61 | Caeser Apparels Limited | Corporate | 8-Feb-18 | A | 7-Feb-19 | ST-3 |
| 62 | Nippon Fish & Poultry Feed Ltd. | Corporate | 11-Feb-18 | BBB | 10-Feb-19 | ST-3 |
| 63 | Parents Sweater Limited | Corporate | 13-Feb-18 | BBB | 12-Feb-19 | ST-3 |
| 64 | Jamuna Trims Ltd. | Corporate | 13-Feb-18 | BBB | 12-Feb-19 | ST-3 |
| 65 | Spectrum Engineering Consortium (Pvt.) Ltd. | Corporate | 14-Feb-18 | A | 13-Feb-19 | ST-2 |
| 66 | M/S Lineage Business House | Corporate | 14-Feb-18 | BBB | 13-Feb-19 | ST-3 |
| 67 | Hamilton Metal Corporation Limited | Corporate | 14-Feb-18 | BBB+ | 13-Feb-19 | ST-3 |
| 68 | One Composite Mills Limited | Corporate | 15-Feb-18 | BBB+ | 14-Feb-19 | ST-3 |
| 69 | Shanti Preyo Sangstha | NGO | 15-Feb-18 | BBB | 14-Feb-19 | ST-3 |
| 70 | Rokeya Chemical Industry Limited | Corporate | 15-Feb-18 | BBB | 14-Feb-19 | ST-3 |
| 71 | GPH Power Generation Ltd. | Corporate | 15-Feb-18 | A- | 14-Feb-19 | ST-2 |
| 72 | M/S Excellence Trading | Corporate | 15-Feb-18 | BBB+ | 14-Feb-19 | ST-3 |
| 73 | M/S Steel Syndicate & M/S Mozammel Enterprise | Corporate | 15-Feb-18 | BB+ | 14-Feb-19 | ST-4 |
| 74 | Marsa Transport Limited | Corporate | 15-Feb-18 | BBB | 14-Feb-19 | ST-3 |
| 75 | SS Power I Limited | Structured Finance | 18-Feb-18 | A+ | 17-Feb-19 | ST-2 |
| 76 | Sister Denim Composite Limited | Corporate | 18-Feb-18 | BBB | 17-Feb-19 | ST-3 |
| 77 | Pacific Consumer Goods Ltd. | Corporate | 18-Feb-18 | BBB+ | 17-Feb-19 | ST-3 |
| 78 | Top Spinning Mills (Pvt) Limited | Corporate | 18-Feb-18 | BBB+ | 17-Feb-19 | ST-3 |
| 79 | Bangladesh Automobile Industry Limited | Corporate | 18-Feb-18 | BBB+ | 17-Feb-19 | ST-3 |
| 80 | M/S Reasonable Traders | Corporate | 19-Feb-18 | BBB | 18-Feb-19 | ST-3 |
| 81 | Mukta Tannery Ltd. | Corporate | 19-Feb-18 | BBB | 18-Feb-19 | ST-3 |
| 82 | APR Energy Bangladesh Limited | Structured Finance | 19-Feb-18 | BBB+ | 18-Feb-19 | ST-3 |
| 83 | Green Planet Resort Ltd. | Corporate | 20-Feb-18 | A+ | 19-Feb-19 | ST-2 |
| 84 | Deluxium Trading Corporation | Corporate | 20-Feb-18 | BBB | 19-Feb-19 | ST-3 |
| 85 | Farzana "Shakils" Makeover Salon Ltd. | Corporate | 25-Feb-18 | BBB+ | 24-Feb-19 | ST-3 |
| 86 | Social Welfare Advancement Committee | Corporate | 25-Feb-18 | BBB | 24-Feb-19 | ST-3 |
| 87 | Arab Apparels Industry Limited | Corporate | 26-Feb-18 | BBB | 25-Feb-19 | ST-3 |
| 88 | BeFresh Limited | Corporate | 26-Feb-18 | A- | 25-Feb-19 | ST-3 |
| 89 | Mozaffar Hossain Spinning Mills Limited | Corporate | 28-Feb-18 | BB+ | 27-Feb-19 | ST-4 |
| 90 | Suad Garments Industries Limited | Corporate | 28-Feb-18 | BBB | 27-Feb-19 | ST-3 |
| 91 | M/S Shinu Agro Food Industries | Corporate | 28-Feb-18 | BBB+ | 27-Feb-19 | ST-3 |
| 92 | Ittadi Prokashoni & its sister concerns | Corporate | 28-Feb-18 | BB | 27-Feb-19 | ST-4 |
| 93 | Mars Textiles Limited | Corporate | 1-Mar-18 | A | 28-Feb-19 | ST-2 |
| 94 | Tajarat Health Care Marketing Ltd. | Corporate | 4-Mar-18 | BBB+ | 3-Mar-19 | ST-3 |
| 95 | Tajarat Feed Mills Limited | Corporate | 4-Mar-18 | A- | 3-Mar-19 | ST-3 |
| 96 | RSH Textile Mills Limited | Corporate | 4-Mar-18 | BBB+ | 3-Mar-19 | ST-3 |
| 97 | Eastern Steel Mills Ltd. | Corporate | 4-Mar-18 | BBB | 3-Mar-19 | ST-3 |
| 98 | Hoorain HIF Limited | Corporate | 5-Mar-18 | BBB+ | 4-Mar-19 | ST-3 |
| 99 | M/S Infratech Construction Company | Corporate | 5-Mar-18 | BB- | 4-Mar-19 | ST-5 |
| 100 | Purabi General Insurance Limited | Non-Life | 6-Mar-18 | A | 5-Mar-19 | ST-3 |
| 101 | Palash Tex & Fabrics Limited | Corporate | 6-Mar-18 | BBB | 5-Mar-19 | ST-3 |
| 102 | M/S Aryan Enterprise | Corporate | 6-Mar-18 | BBB | 5-Mar-19 | ST-3 |
| 103 | Mars Sportswear Limited | Corporate | 6-Mar-18 | BBB+ | 5-Mar-19 | ST-3 |
| 104 | Medicon Pharmaceuticals Limited | Corporate | 6-Mar-18 | A- | 5-Mar-19 | ST-3 |
| 105 | Jakas Foundation | NGO | 7-Mar-18 | AA- | 6-Mar-19 | ST-2 |
| 106 | Tajarat Animal Care Ltd. | Corporate | 7-Mar-18 | A- | 6-Mar-19 | ST-3 |
| 107 | Belkuchi Knitting & Dyeing Ltd. | Corporate | 7-Mar-18 | BBB+ | 6-Mar-19 | ST-3 |
| 108 | Global Oil Company Limited | Corporate | 8-Mar-18 | BBB+ | 7-Mar-19 | ST-3 |
| 109 | Agro Industrial Trust | Corporate | 9-Mar-18 | BBB+ | 8-Mar-19 | ST-3 |
| 110 | Integrated Development Foundation (IDF) | NGO | 11-Mar-18 | A- | 10-Mar-19 | ST-3 |
| 111 | Alam Trading & Business House | Corporate | 11-Mar-18 | BBB | 10-Mar-19 | ST-3 |
| 112 | M/S J.A.N Associates | Corporate | 11-Mar-18 | BBB | 10-Mar-19 | ST-3 |
| 113 | S Alam Trading Company (Pvt) Limited | Corporate | 12-Mar-18 | A | 11-Mar-19 | ST-2 |
| 114 | Radiance Washing & Dyeing Ltd. | Corporate | 13-Mar-18 | BBB | 12-Mar-19 | ST-3 |
| 115 | AB. R Spinning Mills Ltd. | Corporate | 13-Mar-18 | A | 12-Mar-19 | ST-2 |
| 116 | Olila Glass Industries Ltd. | Corporate | 14-Mar-18 | A- | 13-Mar-19 | ST-3 |
| 117 | Tista Salt Industries Ltd. | Corporate | 14-Mar-18 | A- | 13-Mar-19 | ST-3 |
| 118 | Map Agro Industries Limited | Corporate | 14-Mar-18 | BBB+ | 13-Mar-19 | ST-3 |
| 119 | Saima Samira Textile Mills Ltd. | Corporate | 14-Mar-18 | BBB+ | 13-Mar-19 | ST-3 |
| 120 | Criterion Developers Ltd. | Corporate | 15-Mar-18 | AA- | 14-Mar-19 | ST-2 |
| 121 | Rainbow Re-Rolling Mills | Corporate | 19-Mar-18 | BBB | 18-Mar-19 | ST-3 |
| 122 | Lion Feeds Limited | Corporate | 19-Mar-18 | BBB+ | 18-Mar-19 | ST-3 |
| 123 | M/S Kafil & Brothers | Corporate | 20-Mar-18 | BBB- | 19-Mar-19 | ST-3 |
| 124 | Banglar Mela Sangstha | NGO | 20-Mar-18 | BBB | 19-Mar-19 | ST-3 |
| 125 | M/S Orient Computers | Corporate | 21-Mar-18 | A- | 20-Mar-19 | ST-3 |
| 126 | Universe Textile :Ltd. | Corporate | 21-Mar-18 | BBB+ | 20-Mar-19 | ST-3 |
| 127 | M/S Biswas Automatic Dal Mill | Corporate | 21-Mar-18 | BBB | 20-Mar-19 | ST-3 |
| 128 | M/S K.N.B. Agro Industries Limited | Corporate | 22-Mar-18 | BBB | 21-Mar-19 | ST-3 |
| 129 | Banaful Social Welfare Organisation (BSWO) | NGO | 22-Mar-18 | BBB+ | 21-Mar-19 | ST-3 |
| 130 | M/S Senu Miah Textile | Corporate | 22-Mar-18 | BBB+ | 21-Mar-19 | ST-3 |
| 131 | M/S Noor Sons | Corporate | 22-Mar-18 | A- | 21-Mar-19 | ST-3 |
| 132 | The Shoes Bangladesh Limited | Corporate | 25-Mar-18 | BBB+ | 24-Mar-19 | ST-3 |
| 133 | Maa Industries Limited | Corporate | 25-Mar-18 | BBB | 24-Mar-19 | ST-3 |
| 134 | M/S Mohammed Ali Sowdagar | Corporate | 25-Mar-18 | BBB+ | 24-Mar-19 | ST-3 |
| 135 | Posh Footwear & Craft Ltd. | Corporate | 25-Mar-18 | BBB | 24-Mar-19 | ST-3 |
| 136 | M/S Ahona Auto Rice Mill | Corporate | 29-Mar-18 | BBB+ | 28-Mar-19 | ST-3 |
| 137 | M/S Doyal Vandar Agro | Corporate | 29-Mar-18 | BBB+ | 28-Mar-19 | ST-3 |
| 138 | M/S Shah Alam Enterprise | Corporate | 29-Mar-18 | BBB+ | 28-Mar-19 | ST-3 |
| 139 | M/S Mannan Traders | Corporate | 29-Mar-18 | BBB | 28-Mar-19 | ST-3 |
| 140 | International Maritime Academy Limited | Corporate | 29-Mar-18 | BBB+ | 28-Mar-19 | ST-3 |
| 141 | Bangladesh Army University of Engineering & Technology | Corporate | 30-Mar-18 | A- | 29-Mar-19 | ST-3 |