QUARTERLY CREDIT RATING REPORT

(Alpha Credit Rating Limited)

(Fourth  Quarter, 2019)

01 October  2019 to 31st  December 2019

SL. No. Name of Company Type of Company Rating Date Long TermRating Expiry Date Short TermRating
1 Rhythm Fashion Ltd. Corp 1-Oct-19 BBB 30-Sep-20 ST-3
2 Chittagong Logistic Ltd. Corp 3-Oct-19 A 2-Oct-20 ST-3
3 Mahmud Sajid Cotton Mills Ltd. Corp 3-Oct-19 A 1-Oct-20 ST-3
4 Matrix Dresses Limited Corp 3-Oct-19 BBB+ 2-Oct-20 ST-3
5 Sonar Bangla Insurance Limited Non-Life Insurance 6-Oct-19 AA 5-Oct-20 ST-1
6 Holodia Moghila Unnyan Sangastha NGO 9-Oct-19 BBB 8-Oct-20 ST-3
7 Royal Footwear Ltd. Corp 9-Oct-19 A 8-Oct-20 ST-2
8 Al-Madina Pharmacuticals Ltd. Corp 9-Oct-19 A- 8-Oct-20 ST-3
9 M/S Belal & Brothers Corp 9-Oct-19 BBB+ 8-Oct-20 ST-3
10 Abdullah Foods Limited Corp 10-Oct-19 BBB 9-Oct-20 ST-3
11 Yassma Knitting & Dyeing Ltd. Corp 10-Oct-19 BBB+ 9-Oct-20 ST-3
12 Metropolitan Medical Center Corp 10-Oct-19 BBB 9-Oct-20 ST-3
13 Tahmid Textiles Ltd. Corp 10-Oct-19 BBB 9-Oct-20 ST-3
14 Agrani Insurance Company Ltd. Non-Life Insurance 13-Oct-19 AA 12-Oct-20 ST-2
15 Nikita Apparels Limited Corp 13-Oct-19 BBB 12-Oct-20 ST-3
16 M/S Sumaiya International Corp 13-Oct-19 BBB+ 12-Oct-20 ST-3
17 Natore Agro Limited Corp 14-Oct-19 A+ 13-Oct-20 ST-2
18 South Delta Trading & Shipping Ltd. Corp 14-Oct-19 BBB 13-Oct-20 ST-3
19 Hasan Rubber Industries (PVT) Limited Corp 14-Oct-19 BBB 13-Oct-20 ST-3
20 Wings BD Ltd. Corp 15-Oct-19 BBB- 14-Oct-20 ST-3
21 Farzana Shakils Makeover Saloon Corp 17-Oct-19 BBB+ 16-Oct-20 ST-3
22 SIF Textile Industries Limited Corp 17-Oct-19 BBB 16-Oct-20 ST-3
23 Purbachal Drillers Limited Corp 17-Oct-19 BBB+ 16-Oct-20 ST-3
24 Purbachal Steel Mills Limited Corp 17-Oct-19 BBB 16-Oct-20 ST-3
25 Jamun Electronics & Automobiles Ltd. Corp 17-Oct-19 A 16-Oct-20 ST-3
26 Royal Medical & Research Institute Ltd. Corp 17-Oct-19 BBB 16-Oct-20 ST-3
27 Alive Holdings Ltd. Corp 19-Oct-19 BBB 18-Oct-20 ST-3
28 Banga Plastic International Limited Corp 20-Oct-19 A 19-Oct-20 ST-3
29 Madhabdi Trading Limited Corp 20-Oct-19 D 19-Oct-20 ST-6
30 Alliance Steel Industries Ltd. Corp 20-Oct-19 BBB 19-Oct-20 ST-3
31 Rajshahi Sugar Mills Ltd. Corp 20-Oct-19 BB 19-Oct-20 ST-4
32 M/S Faith Group Corp 21-Oct-19 A- 20-Oct-20 ST-3
33 Tosy Knit Fabrics Ltd. Corp 21-Oct-19 BBB- 20-Oct-20 ST-3
34 M/S Vision Meditech Corp 21-Oct-19 A- 20-Oct-20 ST-3
35 Gimex Clothing Ltd. Corp 22-Oct-19 A- 21-Oct-20 ST-3
36 SBC Securities & Investment Ltd. Securities 22-Oct-19 A 21-Oct-20 ST-2
37 Padma Resin Pvt. Ltd Corp 22-Oct-19 BBB 21-Oct-20 ST-3
38 Citizen Cables Ltd. Corp 23-Oct-19 A 22-Oct-20 ST-2
39 Orion Power Sonargaon Ltd. Corp 23-Oct-19 BBB+ 22-Oct-20 ST-3
40 Golden Harvest Ice Cream Limited Corp 23-Oct-19 A 22-Oct-20 ST-2
41 BDT 4000 million Mudaraba Subordinated Bond issued By Union Bank Limited Bond 24-Oct-19 A 23-Oct-20
42 Pran Agro Limited Corp 27-Oct-19 A+ 26-Oct-20 ST-2
43 Innovative Knittex Ltd. Corp 28-Oct-19 A 27-Oct-20 ST-3
44 Loma Engineering Ltd. Corp 28-Oct-19 A 27-Oct-20 ST-2
45 BDT 2100 miilion Guranteed, Fully Redeemable, Non Convertible Coupon Bond Bond 28-Oct-19 A+ 27-Oct-20
46 M/S Opex International Corp 28-Oct-19 BBB 27-Oct-20 ST-3
47 M/S Shimul Auto Rice Mill Corp 28-Oct-19 A- 27-Oct-20 ST-3
48 Sayba Textile Mills (PVT) Ltd. Corp 28-Oct-19 BBB+ 27-Oct-20 ST-3
49 Seacotex Dyeing & Printing Limited Corp 29-Oct-19 BBB 28-Oct-20 ST-3
50 M/S Rafi Enterprise Corp 29-Oct-19 BBB 28-Oct-20 ST-3
51 Papular Poultry Fish Feed Ltd Corp 29-Oct-19 A- 28-Oct-20 ST-3
52 M/S Agrani Agro Complex Corp 30-Oct-19 BBB 29-Oct-20 ST-3
53 Taniya Trading House (PVT) Ltd. Corp 30-Oct-19 A 29-Oct-20 ST-3
54 Landsale Shipping Ltd. Corp 31-Oct-19 BBB+ 30-Oct-20 ST-3
55 A.Kader and Son's Himagar Ltd. Corp 31-Oct-19 BBB- 30-Oct-20 ST-3
56 Lakhi Preserves Private Ltd. Corp 31-Oct-19 BBB 30-Oct-20 ST-3
57 MJN Impex Ltd Corp 31-Oct-19 BBB 30-Oct-20 ST-3
58 M/S Livewire Corp 3-Nov-19 BBB 2-Nov-20 ST-3
59 M/S Scan Express Corp 3-Nov-19 BBB 2-Oct-20 ST-3
60 Ranu Agro Industries Ltd. Corp 3-Nov-19 A- 2-Nov-20 ST-3
61 Fair Electronics Ltd. Corp 3-Nov-19 A- 2-Nov-20 ST-2
62 Smart Pack Industries Ltd. Corp 3-Nov-19 BBB 2-Nov-20 ST-3
63 Wadud and Aysha Cold Store Limited Corp 3-Nov-19 BBB- 2-Nov-20 ST-3
64 M/S Rocky Enterprise Corp 4-Nov-19 BBB 3-Nov-20 ST-3
65 Asian Texmart Ltd. Corp 4-Nov-19 BBB 3-Nov-20 ST-3
66 Infinia Knitting & Dyeing Mills Limited Corp 4-Nov-19 BBB- 3-Nov-20 ST-3
67 Simri Ship Recycling Industries Corp 5-Nov-19 BBB 4-Nov-20 ST-3
68 Mozib Fashions ltd. Corp 5-Nov-19 BBB+ 4-Nov-20 ST-3
69 Thermax Spinning Ltd Corp 5-Nov-19 BBB- 4-Nov-20 ST-3
70 Arif Agro Industries Ltd. Corp 6-Nov-19 A- 5-Nov-20 ST-3
71 M/S A & E International & Its Sister Concer M/S BB Telecome, M/S BB Vigilance, M/S BB Finance Corp 6-Nov-19 BBB 5-Nov-20 ST-3
72 M/S Mehrun Nesa Auto Rice Mill Corp 7-Nov-19 BBB 6-Nov-20 ST-3
73 Nemsan Container Limited Corp 7-Nov-19 BBB 6-Nov-20 ST-3
74 Bengal Telecommunication & Electric Company (Pvt) Ltd. Corp 11-Nov-19 BBB- 10-Nov-20 ST-3
75 Golden Containers Limited Corp 11-Nov-19 A- 10-Nov-20 ST-3
76 M/S Best Trims Corp 12-Nov-19 BBB 11-Nov-20 ST-3
77 Jamuna Spinning Mills Ltd. Corp 12-Nov-19 A- 11-Nov-20 ST-3
78 Corbel International Corp 12-Nov-19 A 11-Nov-20 ST-2
79 Leads Corporation Ltd. Corp 12-Nov-19 A 11-Nov-20 ST-2
80 City Lube Oil Industries Limited Corp 13-Nov-19 BBB+ 12-Nov-20 ST-3
81 Alib Composite Limited Corp 13-Nov-19 BBB- 12-Nov-20 ST-3
82 Blue Panet Sweater Limited Corp 13-Nov-19 A 12-Nov-20 ST-2
83 Janata Insurance Company Ltd. Non-Life Insurance 17-Nov-19 A+ 16-Nov-20 ST-2
84 Phoneix Spinning Mills Ltd. Corp 17-Nov-19 BBB+ 16-Nov-20 ST-3
85 Radium Composite Textile Mills Ltd. (Weaving Version) Corp 17-Nov-19 A- 16-Nov-20 ST-3
86 Phonix Finance & Investments Limited NBFI 18-Nov-19 A+ 17-Nov-20 ST-2
87 Investment Corporation of Bangladesh NBFI 18-Nov-19 AAA 17-Nov-20 ST-1
88 Shah Makhdum Garments Ltd. Corp 18-Nov-19 BB 17-Nov-20 ST-4
89 Suraiya Spinning Mills Ltd. Corp 18-Nov-19 A 17-Nov-20 ST-3
90 Heaven House (BD) Limited Corp 18-Nov-19 BB+ 17-Nov-20 ST-4
91 Badar Spinning Mills Limited Corp 20-Nov-19 A- 19-Nov-20 ST-2
92 SAN Apparels Ltd. Corp 20-Nov-19 BBB+ 19-Nov-20 ST-3
93 Sagarika Samaj Unnayan Sangstha NGO 20-Nov-19 BBB 19-Nov-20 ST-3
94 Advent Pharma Ltd. Corp 21-Nov-19 BBB+ 20-Nov-20 ST-3
95 Green Soil Auto Bricks Ltd. Corp 25-Nov-19 BBB+ 24-Nov-20 ST-3
96 Quality Integrated Agro Limited Corp 25-Nov-19 BB+ 24-Nov-20 ST-4
97 Fair Distribution Ltd Corp 25-Nov-19 A 24-Nov-20 ST-3
98 IIDFC Securities Limited Securities 25-Nov-19 A- 24-Nov-20 ST-3
99 Euro Bangla Associates Corp 26-Nov-19 BBB+ 25-Nov-20 ST-3
100 Deshi Consumer Products Ltd. Corp 26-Nov-19 A- 25-Nov-20 ST-3
101 RNP Export & Import Ltd. Corp 26-Nov-19 BBB+ 25-Nov-20 ST-3
102 Waltz Fashion Ltd. Corp 26-Nov-19 BBB 25-Nov-20 ST-3
103 Associated Enginnerings and Drillers Ltd. Corp 27-Nov-19 A- 26-Nov-20 ST-3
104 Kishtia Sugar Mills Limited Corp 27-Nov-19 BB 26-Nov-20 ST-4
105 Plummy Fashions Limited Corp 27-Nov-19 A+ 26-Nov-20 ST-3
106 M/S Taran Agro Enterprise Corp 27-Nov-19 BBB 26-Nov-20 ST-3
107 Come to Work ( CTW) NGO 27-Nov-19 BBB+ 26-Nov-20 ST-3
108 Sushoma Feed Limited Corp 28-Nov-19 BBB+ 27-Nov-20 ST-3
109 M/S Nizam & Brothers Feed Mill Corp 28-Nov-19 BBB+ 27-Nov-20 ST-3
110 Life Insurance Corporation (LIC) of Bangladesh Limited Life Insurance 28-Nov-19 A+ 27-Nov-20 ST-2
111 Kashem Metal Industries Ltd. Corp 1-Dec-19 BBB+ 30-Nov-20 ST-3
112 M/S Nizam & Brothers Hatchery Corp 2-Dec-19 BBB 1-Dec-20 ST-3
113 Qatar International Ltd. Corp 2-Dec-19 BBB 1-Dec-20 ST-3
114 Colour and Stiches Ltd Corp 2-Dec-19 BBB+ 1-Dec-20 ST-3
115 Polka Dots Fashion Ltd. Corp 2-Dec-19 BBB+ 1-Dec-20 ST-3
116 Taraz Agro Ltd Corp 2-Dec-19 BBB 1-Dec-20 ST-3
117 M/S Victor Corporatinon Corp 3-Dec-19 BBB+ 2-Dec-20 ST-3
118 M/S Hossain Trading Corporation Corp 3-Dec-19 BBB+ 2-Dec-20 ST-3
119 Marushisa Pacific Co. Ltd. Corp 3-Dec-19 BBB+ 2-Dec-20 ST-3
120 M/S World Trade & Its Sister Concern Corp 3-Dec-19 A- 2-Dec-20 ST-2
121 M/S Knit Syndicate Corp 4-Dec-19 BBB 3-Dec-20 ST-3
122 KHK Limited Corp 4-Dec-19 BBB 3-Dec-20 ST-3
123 KSM Spinning Mills Ltd. Corp 4-Dec-19 BBB 3-Dec-20 ST-3
124 Famous Trading Corporation Corp 5-Dec-19 BBB 4-Dec-20 ST-3
125 Meghna Insurance Company Limited Non-Life Insurance 5-Dec-19 AA- 4-Dec-20 ST-2
126 Masum Trading House Corp 5-Dec-19 BBB 4-Dec-20 ST-3
127 M/S Rainbow Corporation Corp 5-Dec-19 BBB+ 4-Dec-20 ST-3
128 Nabir Tarding Corporation Corp 5-Dec-19 BBB+ 4-Dec-20 ST-3
129 M/S Moon Light Trading House Corp 5-Dec-19 BBB+ 4-Dec-20 ST-3
130 Mundi Pharma (bangladesh) Pvt Limited Corp 5-Dec-19 BBB 4-Dec-20 ST-3
131 Indo Steel Re Rolling Industry Ltd Corp 5-Dec-19 BBB 4-Dec-20 ST-3
132 M/S Mabud Trading Corporation Corp 5-Dec-19 A- 4-Dec-20 ST-3
133 M/S Genius Trading Corp 5-Dec-19 BBB 4-Dec-20 ST-3
134 Supreme Business Center Corp 5-Dec-19 BBB+ 4-Dec-20 ST-3
135 S Alam & Company Corp 5-Dec-19 BBB+ 4-Dec-20 ST-3
136 M/S Millionaire Trading House Corp 5-Dec-19 A- 4-Dec-20 ST-3
137 M/S Echo Trade Corner Corp 5-Dec-19 BBB+ 4-Dec-20 ST-3
138 Exitance Trade Agency Corp 5-Dec-19 A- 4-Dec-20 ST-3
139 Kiser Sanko JB Textile Limited Corp 5-Dec-19 BBB 4-Dec-20 ST-3
140 M/S Abdullah Hasan Corp 5-Dec-19 A- 4-Dec-20 ST-2
141 Shirin Spinning Mills Ltd Corp 5-Dec-19 A 4-Dec-20 ST-2
142 M/S Rahmat & Co Corp 8-Dec-19 BB 7-Dec-20 ST-4
143 M/S Shah Traders Corp 8-Dec-19 A- 7-Dec-20 ST-2
144 Cottonex Fashion Ltd. Corp 8-Dec-19 BBB 7-Dec-20 ST-3
145 Interloop BD Ltd. Corp 9-Dec-19 BBB+ 8-Dec-20 ST-3
146 M/S Trust International Corp 9-Dec-19 BBB+ 8-Dec-20 ST-3
147 GBB Power Limited Corp 10-Dec-19 AA 9-Dec-20 ST-1
148 Mercntile Bond 2nd Subordinated Bond Bond 10-Dec-19 AA- 9-Dec-20
149 I-Mart Engineering Mart Corp 10-Dec-19 BBB 9-Dec-20 ST-3
150 Jamuna Power Limited Corp 10-Dec-19 A- 9-Dec-20 ST-3
151 Dong Bang Textiles Limited Corp 10-Dec-19 A 9-Dec-20 ST-2
152 High Speed Shipbuilding & Engineering Co. Ltd. Corp 11-Dec-19 A 10-Dec-20 ST-2
153 Belcon Company (Pvt) Ltd. Corp 11-Dec-19 A 10-Dec-20 ST-2
154 M/S Nadia Hossain Sirajee Corp 11-Dec-19 A- 10-Dec-20 ST-3
155 Blue Planet Fashion Wear Limited Corp 12-Dec-19 A 11-Dec-20 ST-2
156 Famous Plus Industries Inc Limited Corp 12-Dec-19 BBB- 11-Dec-20 ST-3
157 Rangpur Army Medical College Corp 12-Dec-19 A- 11-Dec-20 ST-3
158 M/S Gulshan Bastro Bitan Corp 12-Dec-19 BBB+ 11-Dec-20 ST-3
159 M/S Brickland Limited Corp 15-Dec-19 BBB+ 14-Dec-20 ST-3
160 Golden Jute Indistries Limited Corp 15-Dec-19 BBB 14-Dec-20 ST-3
161 M/S King Wood Corp 15-Dec-19 BBB- 14-Dec-20 ST-3
162 Agrani Bank 1st Subordinated Bond Bond 17-Dec-19 A- 16-Dec-20
163 Jamuna Paper Mills Ltd. Corp 17-Dec-19 BBB+ 16-Dec-20 ST-3
164 Association For Integrated Dvelepment (AID) Comilla NGO 17-Dec-19 BBB+ 16-Dec-20 ST-3
165 AB Investment Ltd. NBFI 17-Dec-19 A 16-Dec-20 ST-2
166 M/S Saber Ahmed Timber Co. Ltd. Corp 17-Dec-19 BBB 16-Dec-20 ST-3
167 S.Alam Cold Rolled Steels Limited Corp 18-Dec-19 A+ 17-Dec-20 ST-3
168 Pioneer Insurance Co Ltd. Non-Life Insurance 18-Dec-19 AAA 17-Dec-20 ST-1
169 M/S Shah Alam Sowdagor & Its Sister Concerns Corp 18-Dec-19 A- 17-Dec-20 ST-2
170 M/S Nahian Enterprise Corp 19-Dec-19 BBB 18-Dec-20 ST-3
171 Heiloom Limited Corp 19-Dec-19 BBB 18-Dec-20 ST-3
172 Securex (Pvt) Limited Corp 19-Dec-19 A+ 18-Dec-20 ST-2
173 Classic Fashion Concept Ltd. Corp 19-Dec-19 BB+ 18-Dec-20 ST-4
174 Sharif Phamaceuticals Ltd. Corp 19-Dec-19 A 18-Dec-20 ST-3
175 Sena Kallyan Sangstha Corp 20-Dec-19 AA 19-Dec-20 ST-2
176 Bashundhra Food & Beverage Industries Limited Corp 22-Dec-19 AA 21-Dec-20 ST-1
177 Bashundhra Multi Food Products Limited Corp 22-Dec-19 A 21-Dec-20 ST-2
178 ECO Star Apparels Limited Corp 22-Dec-19 BBB 21-Dec-20 ST-3
179 ABC Securities Ltd. Securities 22-Dec-19 A- 21-Dec-20 ST-2
180 First Security Islami Capital & Investment Ltd. Corp 23-Dec-19 A- 22-Dec-20 ST-2
181 M/S Hot and Crausty Bakeries Corp 23-Dec-19 BBB 22-Dec-20 ST-3
182 Onib Textile Mills (PVT) limited Corp 23-Dec-19 BBB- 22-Dec-20 ST-3
183 Sarwar Auto Brick Ltd. Corp 23-Dec-19 BBB 22-Dec-20 ST-3
184 Powerman Bangladesh Ltd. Corp 23-Dec-19 A 22-Dec-20 ST-3
185 M/S Gazi Auto Rice Mills Corp 23-Dec-19 AA- 22-Dec-20 ST-2
186 Agrotech International Ltd. Corp 24-Dec-19 A- 23-Dec-20 ST-3
187 Ridni Potato Seeds Preservation (PVt) Limited Corp 24-Dec-19 BBB+ 23-Dec-20 ST-3
188 M/S J.C Trading Company Corp 24-Dec-19 BBB 23-Dec-20 ST-3
189 New Asia Fashions Ltd Corp 24-Dec-19 BBB+ 23-Dec-20 ST-3
190 Flashy Flash Jute Mills Ltd. Corp 24-Dec-19 BBB 23-Dec-20 ST-3
191 BHT Industries Limited Corp 24-Dec-19 A 23-Dec-20 ST-3
192 City Brokerage Ltd. Securities 24-Dec-19 A- 23-Dec-20 ST-3
193 Superior Leather Industry Ltd. Corp 26-Dec-19 BBB- 25-Dec-20 ST-3
194 Kid Leather Industries Ltd. Corp 26-Dec-19 BBB- 25-Dec-20 ST-3
195 Global Asset Ltd. Corp 28-Dec-19 BBB 27-Dec-20 ST-3
196 Crystal Composite Ltd. Corp 29-Dec-19 BBB 28-Dec-20 ST-3
197 GPH Ispat Limited Corp 29-Dec-19 AA 28-Dec-20 ST-2
198 M/S Shopan Plastic Industry Ltd. Corp 29-Dec-19 A- 28-Dec-20 ST-3
199 Footbed Footwear Ltd. Corp 29-Dec-19 BBB 28-Dec-20 ST-3
200 Banga Bakers Limited Corp 29-Dec-19 A 28-Dec-20 ST-2
201 Grihayan Limited Corp 29-Dec-19 BBB+ 28-Dec-20 ST-3
202 S.F Agro Industries (PVT) Ltd. Corp 30-Dec-19 BBB+ 29-Dec-20 ST-3
203 Shah Amanat Knitting and Dying Industries Limited Corp 30-Dec-19 A- 29-Dec-20 ST-3
204 Reliance Finance Limited NBFI 30-Dec-19 A 29-Dec-20 ST-2
205 Reliance Brokeragr Services Ltd. Securities 30-Dec-19 BBB 29-Dec-20 ST-3
206 M/S Mahbub Brothers (PVT) Ltd. Corp 30-Dec-19 BBB+ 29-Dec-20 ST-3
207 Akankha Developers ltd Corp 30-Dec-19 BBB+ 29-Dec-20 ST-3
208 M/S Dolphin Brothers Limited Corp 30-Dec-19 BBB- 29-Dec-20 ST-3
209 Nadia Food Products & Agro Industries Pvt Ltd. Corp 30-Dec-19 A- 29-Dec-20 ST-3
210 M/S Laily Hossain Corp 30-Dec-19 A 29-Dec-20 ST-2
211 R.B. Agro Limited Corp 30-Dec-19 A- 29-Dec-20 ST-3
212 S. Alam Super Edible Oil Limited Corp 30-Dec-19 BBB 29-Dec-20 ST-3
213 B. H. Hitech Food Industries (Pvt.) Limited Corp 30-Dec-19 A 29-Dec-20 ST-2
214 Sonnet Fashion Limited Corp 31-Dec-19 BBB+ 30-Dec-20 ST-3
215 Seacotex Fabrics Limited Corp 31-Dec-19 BBB 30-Dec-20 ST-3
216 Green Agency Trading Limited Corp 31-Dec-19 BBB+ 30-Dec-20 ST-3
217 Sonnet Textile Industries Limited Corp 31-Dec-19 BBB 30-Dec-20 ST-3