QUARTERLY CREDIT RATING REPORT

(Alpha Credit Rating Limited)

(Third Quarter, 2019)

01 July  2019 to 30 September 2019

SL. No. Name of Company Type of Company Rating Date Long TermRating Expiry Date Short TermRating
1 Sinha Knit Industries Ltd. Corp 1-Jul-19 BBB+ 30-Jun-20 ST-3
2 M/S Base Textiles Ltd. Corp 1-Jul-19 A 30-Jun-20 ST-2
3 Radium ComositeTextile Mills Ltd. (Spinnig Division) Corp 1-Jul-19 BBB+ 30-Jun-20 ST-3
4 M/S AMC Trade Link Corp 2-Jul-19 BBB+ 1-Jul-20 ST-3
5 M/S Norm Banijjoloya Corp 2-Jul-19 BBB 1-Jul-20 ST-3
6 M/S Shah Amanat Traders Corp 2-Jul-19 BBB 1-Jul-20 ST-3
7 M/S Hasan Trading Corporation Corp 2-Jul-19 BBB 1-Jul-20 ST-3
8 M/S Kazi Jhol Jholi Farms Limited Corp 3-Jul-19 BBB 2-Jul-20 ST-3
9 Surma Medical Services Ltd Corp 3-Jul-19 BBB 2-Jul-20 ST-3
10 Advarto Footware Ltd. Corp 4-Jul-19 A- 3-Jul-20 ST-3
11 F-Z Technologies Ltd. Corp 7-Jul-19 A 6-Jul-20 ST-2
12 M/S Hossain Traders Corp 7-Jul-19 BBB 6-Jul-20 ST-3
13 Dhaka Far-East Limited Corp 7-Jul-19 BBB 6-Jul-20 ST-3
14 Wazed Spinning Mills Ltd. Corp 8-Jul-19 BBB+ 7-Jul-20 ST-3
15 BIPSH Medical Services Limited Corp 8-Jul-19 BBB 7-Jul-20 ST-3
16 The IBN Sina Pharmacutical Industries Ltd Corp 9-Jul-19 A+ 8-Jul-20 ST-2
17 North West Power Generation Co. Ltd. Corp 9-Jul-19 AAA 8-Jul-20 ST-1
18 Coupon Bearing Floting Non-Convertible BDT 10000 million Bond of North West Power Generation Bond 9-Jul-19 AA+ 8-Jul-20
19 M/S Refinery Ltd. Corp 9-Jul-19 BBB+ 8-Jul-20 ST-3
20 Sadd Musa Fabrics Ltd Corp 9-Jul-19 A 8-Jul-20 ST-3
21 Mahmud Denims Limited Corp 10-Jul-19 AA 9-Jun-20 ST-1
22 Mahmud Jeans Limited Corp 10-Jul-19 A 10-Jun-20 ST-2
23 Mahmud Washing Plant Limited Corp 10-Jul-19 BBB+ 10-Jun-20 ST-3
24 HM Ship Breaking Industry Ltd. Corp 10-Jul-19 BBB 9-Jul-20 ST-3
25 Tokai Power Products Ltd. Corp 10-Jul-19 BBB 9-Jul-20 ST-3
26 Asia Pasific General Insurance Compnay Limited Non-Life Insurance 11-Jul-19 AA 10-Jul-20 ST-1
27 Mosharraf Spinning Mills (Pvt) Ltd Corp 11-Jul-19 BBB 10-Jul-20 ST-3
28 M/S Haque & Sons Corp 11-Jul-19 BBB+ 10-Jul-20 ST-3
29 Water Ride Limited Corp 11-Jul-19 BBB+ 10-Jul-20 ST-3
30 Islamic Finance and Investment Limited Corp 14-Jul-19 A+ 13-Jul-20 ST-2
31 Nawab Abdul Malek Jute Mills BD Ltd. Corp 14-Jul-19 A 13-Jul-20 ST-2
32 Diamond Sweater Industries Ltd Corp 15-Jul-19 BBB 14-Jul-20 ST-3
33 Fashion Point Limited Corp 15-Jul-19 A- 14-Jul-20 ST-3
34 Mahmud Indigo Limited Corp 17-Jul-19 A+ 19-Jun-20 ST-2
35 Mahmud Trading Corporation Corp 17-Jul-19 BBB+ 20-Jun-20 ST-3
36 Mahmud Fashion Limited Corp 17-Jul-19 A 24-Jun-20 ST-3
37 Abdullah Grand Hotel Ltd Corp 17-Jul-19 BBB+ 16-Jul-20 ST-3
38 Jamuna Denims Ltd. Corp 21-Jul-19 BBB+ 20-Jul-20 ST-3
39 Aamra Networks Limited Corp 22-Jul-19 A+ 21-Jul-20 ST-2
40 Bhulua Island Amusment Ltd Corp 22-Jul-19 BBB+ 21-Jul-20 ST-3
41 SKY Fotwear Ltd. Corp 22-Jul-19 BBB+ 21-Jul-20 ST-3
42 Tory Shoes (BD) Limited Corp 22-Jul-19 BBB 21-Jul-20 ST-3
43 Creative Paper Mills Ltd. Corp 23-Jul-19 A- 22-Jul-20 ST-3
44 M/S Fashion .Com.Ltd. Corp 23-Jul-19 A- 22-Jul-20 ST-3
45 AIPS Apperals Limited Corp 23-Jul-19 A- 22-Jul-20 ST-2
46 Mars Sports Wear Ltd. Corp 24-Jul-19 BBB+ 23-Jul-20 ST-3
47 Shameem Spinning Mills Ltd. Corp 25-Jul-19 BBB 24-Jul-20 ST-3
48 Shameem Composite Ltd. Corp 25-Jul-19 BBB 24-Jul-20 ST-3
49 BDT 5000.00 million Floating Rate Non Convertible Subordinated Bond IV issued by Trust Bank Bond 28-Jul-19 AA- 27-Jul-20  
50 AWR Development (BD) Ltd. Corp 28-Jul-19 A+ 27-Jul-20 ST-2
51 S.Alam Vegitable Oil Ltd. Corp 28-Jul-19 A 27-Jul-20 ST-2
52 AWR Real Estate Ltd. Corp 28-Jul-19 A- 27-Jul-20 ST-2
53 IBCS Primax Software (Bangla) Ltd. Corp 28-Jul-19 BBB+ 27-Jul-20 ST-3
54 Best Style Composite Ltd. Corp 28-Jul-19 BBB+ 27-Jul-20 ST-3
55 Fully Redeemabl Non Convertible Unsecured Sub ordinate Bond III Issued by Trust Bond Bond 29-Jul-19 AA- 28-Jul-20  
56 Thermax Yarn Dyed Fabrics Ltd. Corp 29-Jul-19 BBB+ 28-Jul-20 ST-3
57 Golden Ispat Limited Corp 29-Jul-19 A- 28-Jul-20 ST-3
58 M/S Al-Enayet Trading Corp 29-Jul-19 BBB- 28-Jul-20 ST-3
59 Karnaphuli Insurance Company Limited Corp 30-Jul-19 AA 29-Jul-20 ST-2
60 Development Initiative for Human Advancement (DIHA) NGO 30-Jul-19 BBB 29-Jul-20 ST-3
61 Faiaz Composite Ltd. Corp 30-Jul-19 A- 29-Jul-20 ST-3
62 Kutir Nirman Kousholi Ltd Corp 30-Jul-19 BBB+ 29-Jul-20 ST-3
63 M/S T & A Technology Corp 30-Jul-19 BBB 29-Jul-20 ST-3
64 MASK Associates (Pvt) Limited Corp 30-Jul-19 A 29-Jul-20 ST-2
65 Martial Transport and Logistic Service Ltd. Corp 30-Jul-19 BBB+ 29-Jul-20 ST-3
66 Rio Fashion Wear Ltd. Corp 30-Jul-19 BBB- 29-Jul-20 ST-3
67 Chemon Ispat Limited Corp 31-Jul-19 A- 30-Jul-20 ST-2
68 AG Poly & Fiber Industries Ltd. Corp 31-Jul-19 BBB 30-Jul-20 ST-3
69 Mohiuddin Textile Limited Corp 31-Jul-19 BBB+ 30-Jul-20 ST-3
70 Thermax Cheek Fabrics Ltd. Corp 31-Jul-19 BBB+ 30-Jul-20 ST-3
71 Progati Life Insurance Ltd. Non-Life Insurance 1-Aug-19 AA 31-Jul-20 ST-2
72 Odessey Craft (PVT) Limited Corp 7-Aug-19 BBB 6-Aug-20 ST-3
73 M.M Builders & Engineers Ltd. Corp 8-Aug-19 A 7-Aug-20 ST-2
74 Republic Insurance (BD) Ltd. Non-Life Insurance 19-Aug-19 A+ 18-Aug-20 ST-2
75 M/S Faruq Enterprise Corp 19-Aug-19 BBB+ 18-Aug-20 ST-3
76 Maa Industries Limited Corp 19-Aug-19 BBB 18-Aug-20 ST-3
77 Zohura Traders (Pvt) Ltd. Corp 19-Aug-19 BBB+ 18-Aug-20 ST-3
78 Navana LPG Ltd. Corp 20-Aug-19 A 19-Aug-20 ST-2
79 Solar Inter Continental (SOLARK) Ltd. Corp 20-Aug-19 BBB 19-Aug-20 ST-3
80 M/S Amirabad Traders Corp 22-Aug-19 BBB 21-Aug-20 ST-3
81 Mohammad Saidur Rahman Agro Industries Ltd. Corp 22-Aug-19 BBB 21-Aug-20 ST-3
82 A.S.S Knitwear Ltd. Corp 22-Aug-19 BBB+ 21-Aug-20 ST-3
83 Misham Breeder Firms & Hatchery Corp 25-Aug-19 BBB 24-Aug-20 ST-3
84 Navana CNG Ltd Corp 26-Aug-19 AA- 25-Aug-20 ST-3
85 Supreme Stich Co. Ltd Corp 26-Aug-19 BBB+ 25-Aug-20 ST-3
86 Universal Refinery Pvt Ltd. Corp 27-Aug-19 BBB 26-Aug-20 ST-3
87 Prottoy Unnoyon Sangstha Corp 28-Aug-19 BBB- 27-Aug-20 ST-3
88 Palli Unnoyon Parishad Corp 28-Aug-19 BBB- 27-Aug-20 ST-3
89 AR Flour & Foods Ltd. Corp 28-Aug-19 A- 27-Aug-20 ST-3
90 Alfa Patterns (Bangladesh) Ltd. Corp 28-Aug-19 BB+ 27-Aug-20 ST-4
91 State Bank of India Bank 29-Aug-19 AAA 28-Aug-20 ST-1
92 Ruphi Fish Feed Limited Corp 29-Aug-19 BB 28-Aug-20 ST-4
93 Rhythm Fashion Limited Corp 1-Sep-19 BBB 31-Aug-20 ST-3
94 TAC Hotel & Resort Ltd. Corp 2-Sep-19 BBB+ 1-Sep-20 ST-3
95 Biman Bangladesh Airlines Ltd. Corp 3-Sep-19 BBB+ 2-Sep-20 ST-3
96 Nowapara Jute Mills Limited Corp 3-Sep-19 BBB- 2-Sep-20 ST-3
97 Matrix Dresses Limited Corp 3-Sep-19 BBB+ 2-Sep-20 ST-3
98 JMI Industrial Gas Ltd Corp 5-Sep-19 A 4-Sep-20 ST-2
99 Radiant Business Consortium Limited Corp 5-Sep-19 A+ 4-Sep-20 ST-2
100 M/S M.K.B Corporation Corp 5-Sep-19 BBB 4-Sep-20 ST-3
101 Elaine Apparels Limited Corp 5-Sep-19 BBB- 4-Sep-20 ST-3
102 Supreme Accessories Industries Ltd. Corp 5-Sep-19 BBB- 4-Sep-20 ST-3
103 Jamuna Builders Ltd. Corp 5-Sep-19 A- 4-Sep-20 ST-3
104 Unique Trims Industries Limited Corp 8-Sep-19 BBB- 7-Sep-20 ST-4
105 Disney Sweaters Ltd. Corp 9-Sep-19 A- 8-Sep-20 ST-3
106 Sodical Chemical Limited Corp 9-Sep-19 BBB 8-Sep-20 ST-3
107 Rokeya Spinning Mills Ltd. Corp 9-Sep-19 BBB+ 8-Sep-20 ST-3
108 M/S Holy Cable Suppliers Corp 11-Sep-19 BBB+ 10-Sep-20 ST-3
109 Green Land Pharmacuticals Limited Corp 11-Sep-19 BBB+ 10-Sep-20 ST-3
110 BDT 5,000 million Floating Rate Unsecured Subordinate Bond issued by Southeast Bank Limited Bond 12-Sep-19 AA- 11-Sep-20  
111 Delta Medical College Trust Corp 12-Sep-19 A 11-Sep-20 ST-2
112 Progress Construction Limited Corp 12-Sep-19 BBB 11-Sep-20 ST-3
113 Progress Impex Limited Corp 12-Sep-19 BBB+ 11-Sep-20 ST-3
114 Jolshiri Abason Corp 13-Sep-19 AA- 12-Sep-20 ST-2
115 Gladiolas Fashionwear Limited Corp 15-Sep-19 BBB- 14-Sep-20 ST-3
116 Progress Motors Ltd. Corp 15-Sep-19 BBB 14-Sep-20 ST-3
117 Mahmud Fabrics & Finishing Ltd. Corp 17-Sep-19 A 16-Sep-20 ST-3
118 Royal Weaving and Coating Industries Ltd. Corp 17-Sep-19 BBB+ 16-Sep-20 ST-3
119 Modele DC Capital Industries Ltd. Corp 17-Sep-19 A+ 16-Sep-20 ST-2
120 Alauddin Textile Mills PVT Ltd Corp 17-Sep-19 BB- 16-Sep-20 ST-5
121 M/S Raihan Textile Mills Corp 18-Sep-19 A- 17-Sep-20 ST-3
122 M/S Thai Plastic Industry Corp 18-Sep-19 A- 23-Sep-20 ST-3
123 M/S Bangladesh House International Corp 18-Sep-19 BBB 17-Sep-20 ST-3
124 Karmasangstan Bank Bank 22-Sep-19 BBB+ 21-Sep-20 ST-3
125 Issa Nagar Trader Corp 23-Sep-19 BBB+ 22-Sep-20 ST-3
126 M/S M.A Kader & Co. Corp 23-Sep-19 BBB 22-Sep-20 ST-3
127 M/S Oishi Construction & M/S Sharif Batraloy Corp 23-Sep-19 BBB- 22-Sep-20 ST-4
128 Avicenna Hospital Private Limited Corp 23-Sep-19 BBB 22-Sep-20 ST-3
129 Vurgo MH Ltd. Corp 23-Sep-19 A- 22-Sep-20 ST-3
130 M/S Omar Faruk Fishing Line Corp 24-Sep-19 BBB 23-Sep-20 ST-3
131 New RS Hi Fashion & Co. Corp 24-Sep-19 BBB+ 23-Sep-20 ST-3
132 Genex Infosys Ltd. Corp 25-Sep-19 A+ 24-Sep-20 ST-2
133 Mars Apparals Limited Corp 25-Sep-19 BBB+ 24-Sep-20 ST-3
134 1st Tranche Issue of BDT 6000 million of IBBL 3rd Mudaraba Redeemable Unsecured Non-Convertible Floting Rate Subordinated Bond Bond 26-Sep-19 AA+ 25-Sep-20  
135 Ali Jahan Fishing Limited Corp 26-Sep-19 BBB 25-Sep-20 ST-3
136 D.N Textile Mills Limited Corp 26-Sep-19 BB+ 25-Sep-20 ST-4
137 Fawn Golden Harvest Industries Limited Corp 26-Sep-19 BBB 25-Sep-20 ST-3
138 Biswas Food Industries Corp 26-Sep-19 BBB 25-Sep-20 ST-3
139 Olympia Holdings Limited Corp 26-Sep-19 BBB+ 25-Sep-20 ST-3
140 Jaroms Industries Ltd. Corp 28-Sep-19 BBB- 27-Sep-20 ST-4
141 Sea-Star Fishing Limited Corp 29-Sep-19 BBB+ 28-Sep-20 ST-3
142 Ornate Vertical Blind Corp 29-Sep-19 BBB 28-Sep-20 ST-3
143 Terranova Developments Ltd. Corp 30-Sep-19 BBB 29-Sep-20 ST-3
144 M/S FB Footwear Ltd. Corp 30-Sep-19 BBB 29-Sep-20 ST-3
145 Raihan Textile Dyeing Printing Mills Ltd. Corp 30-Sep-19 BBB 29-Sep-20 ST-3
146 Anmaa Multifarious Agronomic Ltd. Corp 30-Sep-19 BBB 29-Sep-20 ST-3
147 M/S Janata Flour Mills Corp 30-Sep-19 BBB+ 29-Sep-20 ST-3
148 M/S Janata Flour Oil Mills Corp 30-Sep-19 BBB 29-Sep-20 ST-3
149 Root Trading Corporation Ltd. Corp 30-Sep-19 A- 29-Sep-20 ST-3
150 Fawn Frezzing Point Ltd. Corp 30-Sep-19 BBB 29-Sep-20 ST-3
151 Virgo Tobacco Ltd. Corp 30-Sep-19 A- 29-Sep-20 ST-3
152 Dapha Feeds and Agro Products Corp 30-Sep-19 BBB+ 29-Sep-20 ST-3
153 M/S BBC Steel Corp 30-Sep-19 BB+ 29-Sep-20 ST-3
154 Saima Ship Recycling Industries Corp 30-Sep-19 BB+ 29-Sep-20 ST-4
155 Mohubor Rahman Particle Mills (Pvt.) Ltd. Corp 30-Sep-19 A- 29-Sep-20 ST-3