QUARTERLY CREDIT RATING REPORT
(Alpha Credit Rating Limited)
(1st Quarter, 2020)
01 January 2020 to 31 March 2020
| SL. No. | Name of Company | Type of Company | Rating Date | Long TermRating | Expiry Date | Short TermRating | 
| 1 | Dhaka Beijing Deying & Weaving Industry Ltd. | Corp | 1-Jan-20 | BBB+ | 31-Dec-20 | ST-3 | 
| 2 | Visual Knitwear Limited | Corp | 1-Jan-20 | BBB | 31-Dec-20 | ST-3 | 
| 3 | M.A. Rahman Dyeing Industry Ltd. | Corp | 2-Jan-20 | BBB+ | 1-Jan-21 | ST-4 | 
| 4 | Emdad Etima Spinning Mills Limited | Corp | 2-Jan-20 | A- | 1-Jan-21 | ST-2 | 
| 5 | Saad Musa Hometex & Clothing Limited | Corp | 2-Jan-20 | BBB+ | 1-Jan-21 | ST-4 | 
| 6 | F.R Jute Trading Co. Ltd. | Corp | 2-Jan-20 | D | 1-Jan-21 | ST-6 | 
| 7 | Sky Capital Airlines Ltd. | Corp | 6-Jan-20 | A | 5-Jan-21 | ST-3 | 
| 8 | Dresden Textiles Limited | Corp | 6-Jan-20 | BBB | 5-Jan-21 | ST-3 | 
| 9 | Ratanpur Ship Re-Cycling Industries Limited | Corp | 6-Jan-20 | C | 5-Jan-21 | ST-5 | 
| 10 | Asian Dredgers Limited | Corp | 7-Jan-20 | BB- | 6-Jan-21 | ST-5 | 
| 11 | South SMBM Auto Bricks Ltd. | Corp | 7-Jan-20 | BBB | 6-Jan-21 | ST-3 | 
| 12 | Polyfil Synthetic Fibre Ltd. | Project Finance | 7-Jan-20 | BBB | 6-Jan-21 | ST-3 | 
| 13 | SOJAG (Somaj-O-Jati Gathan) | NGO | 8-Jan-20 | BBB | 7-Jan-21 | ST-3 | 
| 14 | BKS Apparels Limited | Corp | 13-Jan-20 | BBB | 12-Jan-21 | ST-3 | 
| 15 | Orion Power Rupsha Limited | Corp | 13-Jan-20 | A- | 12-Jan-21 | ST-3 | 
| 16 | Bangladesh Development Society | NGO | 13-Jan-20 | A+ | 12-Jan-21 | ST-2 | 
| 17 | Ambient Steel (BD) Ltd. | Corp | 13-Jan-20 | A- | 12-Jan-21 | ST-3 | 
| 18 | Babor Cold Storage (Pvt.) Limited | Corp | 14-Jan-20 | BBB+ | 13-Jan-21 | ST-3 | 
| 19 | Fast Crystal Ltd | Corp | 14-Jan-20 | BBB | 13-Jan-21 | ST-3 | 
| 20 | Christian Service Society (CSS) | NGO | 15-Jan-20 | A | 14-Jan-21 | ST-3 | 
| 21 | Hansol Paper Mills (BD) Ltd. | Corp | 15-Jan-20 | BBB | 14-Jan-21 | ST-3 | 
| 22 | SR Flexopack Ltd | Corp | 16-Jan-20 | BBB+ | 15-Jan-21 | ST-3 | 
| 23 | Hotel Sarina Limited | Corp | 16-Jan-20 | BB+ | 15-Jan-21 | ST-4 | 
| 24 | Continental Insurance Limited | Non-Life Insurance | 19-Jan-20 | AA | 18-Jan-21 | ST-2 | 
| 25 | Bashundhara Trading Company Limited | Corp | 19-Jan-20 | A- | 18-Jan-21 | ST-3 | 
| 26 | REL Motors Ltd. | Corp | 19-Jan-20 | BBB | 18-Jan-21 | ST-3 | 
| 27 | Gentle Park | Corp | 20-Jan-20 | A+ | 19-Jan-21 | ST-3 | 
| 28 | Crown Agro Industries Limited | Corp | 21-Jan-20 | A- | 20-Jan-21 | ST-3 | 
| 29 | Technosum Steel Ltd. | Corp | 21-Jan-20 | BBB+ | 20-Jan-21 | ST-3 | 
| 30 | Bangladesh Krishi Bank | Bank | 22-Jan-20 | BB | 21-Jan-21 | ST-4 | 
| 31 | Max Chemical Industries Ltd. | Corp | 22-Jan-20 | BBB+ | 21-Jan-21 | ST-3 | 
| 32 | Dynamic Sweater Industries Ltd. | Corp | 22-Jan-20 | A- | 21-Jan-21 | ST-3 | 
| 33 | Rupali Bank Perpetual Bond issued by Rupali Bank Limited | Bond | 23-Jan-20 | BBB+ | 22-Jan-21 | |
| 34 | Nobabee Footwear Limited | Corp | 23-Jan-20 | BBB | 22-Jan-21 | ST-3 | 
| 35 | M/S The Jamal & Co. | Corp | 23-Jan-20 | BBB | 22-Jan-21 | ST-3 | 
| 36 | Panagea Fashion Wear Ltd. | Corp | 23-Jan-20 | BBB | 22-Jan-21 | ST-3 | 
| 37 | Zakia Cottontex Unit-2 Ltd. | Corp | 23-Jan-20 | BBB+ | 22-Jan-21 | ST-3 | 
| 38 | A.B Woven Bang Industries Ltd. | Corp | 23-Jan-20 | A- | 22-Jan-21 | ST-3 | 
| 39 | East West Property Development (Pvt) Ltd | Corp | 26-Jan-20 | AA- | 25-Jan-21 | ST-2 | 
| 40 | SM Carton & Accessories Limited | Corp | 27-Jan-20 | BBB+ | 26-Jan-21 | ST-3 | 
| 41 | Pearl Engineering & Construction | Corp | 27-Jan-20 | BBB | 26-Jan-21 | ST-3 | 
| 42 | Kingshuk Bahumukhi Samabaya Samity Ltd. | NGO | 29-Jan-20 | A- | 28-Jan-21 | ST-2 | 
| 43 | IIDFC Capital Limited | Securities | 29-Jan-20 | A | 28-Jan-21 | ST-2 | 
| 44 | Noor Hafiz Properties Limited | Corp | 30-Jan-20 | BBB | 29-Jan-21 | ST-3 | 
| 45 | PAGE Development Centre | NGO | 30-Jan-20 | A+ | 29-Jan-21 | ST-2 | 
| 46 | Dipon Gas Company Limited | Corp | 31-Jan-20 | AA | 30-Jan-21 | ST-1 | 
| 47 | Dipon Infrastructer Services Limited | Corp | 31-Jan-20 | AA | 30-Jan-21 | ST-2 | 
| 48 | Akij Biax Films Limited | Corp | 5-Feb-20 | A | 4-Feb-21 | ST-2 | 
| 49 | PEOKAS( Proshikhan Karmasangasthan O Artha-Samajic Unnayan Sangstha) | NGO | 5-Feb-20 | BBB | 4-Feb-21 | ST-3 | 
| 50 | V-Teac Fashion (PVT) Ltd | Corp | 6-Feb-20 | A | 5-Feb-21 | ST-3 | 
| 51 | Caesar Apparels Limited | Corp | 7-Feb-20 | A | 6-Feb-21 | ST-2 | 
| 52 | Maksons Spinning Mills Limited. | Corp | 10-Feb-20 | BBB | 9-Feb-21 | ST-3 | 
| 53 | Fresh Pack Industries | Corp | 10-Feb-20 | BBB | 9-Feb-21 | ST-3 | 
| 54 | JMI Hospital Requisite Mnaufacturing Limited | Corp | 10-Feb-20 | A+ | 9-Feb-21 | ST-2 | 
| 55 | Rangdhanu Spinning Mills Limited | Corp | 11-Feb-20 | BBB+ | 10-Feb-21 | ST-3 | 
| 56 | Capital Petroleum Ltd | Project Finance | 13-Feb-20 | BBB+ | 12-Feb-21 | ST-3 | 
| 57 | Hashem Khan Diversified Jute Mills Ltd | Corp | 13-Feb-20 | BBB | 12-Feb-21 | ST-3 | 
| 58 | Petroleum Products Limited | Corp | 13-Feb-20 | BBB | 12-Feb-21 | ST-3 | 
| 59 | One Composite Mills Limited | Corp | 16-Feb-20 | A- | 15-Feb-21 | ST-3 | 
| 60 | S.Alam & Co | Corp | 17-Feb-20 | BBB+ | 16-Feb-21 | ST-3 | 
| 61 | ELCO Wires & Cables Limited | Corp | 18-Feb-20 | A | 17-Feb-21 | ST-3 | 
| 62 | Coast to Coast (Pvt) Ltd. | Corp | 19-Feb-20 | BBB+ | 18-Feb-21 | ST-3 | 
| 63 | Blue Planet Knitwear Ltd. | Corp | 20-Feb-20 | A | 19-Feb-21 | ST-2 | 
| 64 | Chemlube Limited | Corp | 20-Feb-20 | BBB | 19-Feb-21 | ST-3 | 
| 65 | Omega Exim Limited | Corp | 20-Feb-20 | A- | 19-Feb-21 | ST-3 | 
| 66 | Omega Distribution Limited | Corp | 20-Feb-20 | A- | 19-Feb-21 | ST-3 | 
| 67 | CVC Finance Limited | NBFI | 20-Feb-20 | A+ | 19-Feb-21 | ST-3 | 
| 68 | MAH Spinning Mill Ltd. | Corp | 23-Feb-20 | A- | 22-Feb-21 | ST-3 | 
| 69 | Comfort Knit Fashion Ltd | Corp | 23-Feb-20 | BBB | 22-Feb-21 | ST-3 | 
| 70 | Advance Tech Limited | Corp | 25-Feb-20 | BBB | 24-Feb-21 | ST-3 | 
| 71 | Social Advance Through Unity | NGO | 25-Feb-20 | A- | 24-Feb-21 | ST-3 | 
| 72 | Zohura Agriculture Industries & Auto Rice Mills (PVT) Ltd. | Corp | 25-Feb-20 | BBB+ | 24-Feb-21 | ST-3 | 
| 73 | Star Associates Ltd. | Corp | 25-Feb-20 | BBB | 24-Feb-21 | ST-3 | 
| 74 | Find Tower Limited | Corp | 25-Feb-20 | BBB | 24-Feb-21 | ST-2 | 
| 75 | Star Consultants & Engineers Limited | Corp | 26-Feb-20 | A | 25-Feb-21 | ST-2 | 
| 76 | Spectrum Engineering Consortium (Pvt) Ltd. | Corp | 26-Feb-20 | A | 25-Feb-21 | ST-4 | 
| 77 | GBB Limited | Corp | 26-Feb-20 | BB | 25-Feb-21 | ST-2 | 
| 78 | Blue Planet Knit Composite Ltd. | Corp | 26-Feb-20 | A | 25-Feb-21 | ST-3 | 
| 79 | Top Ten Fabrics & Tailors Ltd. | Corp | 26-Feb-20 | BBB | 25-Feb-21 | ST-3 | 
| 80 | New Zhong Yuan Ceramic Company (BD) Ltd. | Corp | 27-Feb-20 | BBB | 26-Feb-21 | ST-3 | 
| 81 | System & Services Limited | Corp | 27-Feb-20 | BBB+ | 26-Feb-21 | ST-3 | 
| 82 | Farmers Fresh Ltd. | Corp | 1-Mar-20 | BBB | 28-Feb-21 | ST-3 | 
| 83 | Advance Attire Ltd | Corp | 1-Mar-20 | BBB | 28-Feb-21 | ST-2 | 
| 84 | Mars Textile Limited | Corp | 1-Mar-20 | A | 28-Feb-21 | ST-3 | 
| 85 | M/S Prottoy Apparels Ltd. | Corp | 2-Mar-20 | BBB | 1-Mar-21 | ST-3 | 
| 86 | Neha Agro Limited | Corp | 2-Mar-20 | BBB | 1-Mar-21 | ST-3 | 
| 87 | AG Agro Foods Limited | Corp | 2-Mar-20 | BBB | 1-Mar-21 | ST-3 | 
| 88 | AG Agro Industries Limited | Corp | 2-Mar-20 | BBB | 1-Mar-21 | ST-2 | 
| 89 | Freedom Agro Industries Limited | Corp | 2-Mar-20 | A | 1-Mar-21 | ST-2 | 
| 90 | Express Insurance Limited | Non-Life Insurance | 3-Mar-20 | AA | 2-Mar-21 | ST-3 | 
| 91 | Orion Knit Textiles Limited | Corp | 3-Mar-20 | BBB | 2-Mar-21 | ST-3 | 
| 92 | M/S Friends Traders | Corp | 3-Mar-20 | BBB | 2-Mar-21 | ST-3 | 
| 93 | Medicon Pharmacuticals Limited | Corp | 3-Mar-20 | A- | 2-Mar-21 | ST-3 | 
| 94 | M/S. Biswas Trading & Contraction | Corp | 3-Mar-20 | A- | 2-Mar-21 | ST-3 | 
| 95 | Biswas Builders Limited | Corp | 3-Mar-20 | A- | 2-Mar-21 | ST-4 | 
| 96 | Global Agrovet Limited | Corp | 3-Mar-20 | BB | 2-Mar-21 | ST-3 | 
| 97 | Chakda Steel & Re-Rolling Mill (Pvt) Limited | Corp | 3-Mar-20 | A- | 2-Mar-21 | ST-2 | 
| 98 | Nahar Poultry Limited | Corp | 4-Mar-20 | A | 3-Mar-21 | ST-3 | 
| 99 | Pran Foods Limited | Corp | 5-Mar-20 | A- | 4-Mar-21 | ST-3 | 
| 100 | Crossroad Holdings Limited | Corp | 5-Mar-20 | BBB- | 4-Mar-21 | ST-3 | 
| 101 | Mirsharai Poultry Farms Limited | Corp | 5-Mar-20 | A- | 4-Mar-21 | ST-3 | 
| 102 | Mirsharai Poultry (Layer) Limited | Corp | 5-Mar-20 | A | 4-Mar-21 | ST-3 | 
| 103 | Nahar Agro Complex Limited | Corp | 5-Mar-20 | A | 4-Mar-21 | ST-3 | 
| 104 | Nice Fabrics Processing Ltd | Corp | 8-Mar-20 | BBB+ | 7-Mar-21 | ST-3 | 
| 105 | Netrakona Accessories Limited | Corp | 9-Mar-20 | BBB- | 8-Mar-21 | ST-3 | 
| 106 | Socio Economic Backing Association | NGO | 10-Mar-20 | A- | 9-Mar-21 | ST-3 | 
| 107 | Olila Glass Industries Ltd | Corp | 11-Mar-20 | A- | 10-Mar-21 | ST-4 | 
| 108 | F.R. Jute Mills Limited | Corp | 11-Mar-20 | BB- | 10-Mar-21 | ST-3 | 
| 109 | ABM Water Company Limited | Corp | 12-Mar-20 | A | 11-Mar-21 | ST-2 | 
| 110 | Green Dot Limited | Corp | 12-Mar-20 | A | 11-Mar-21 | ST-2 | 
| 111 | BeFresh Limited | Corp | 15-Mar-20 | A | 14-Mar-21 | ST-3 | 
| 112 | The Rose Garments Designer Ltd | Corp | 15-Mar-20 | BBB+ | 14-Mar-21 | ST-3 | 
| 113 | M/S Urmee Knitwear Limited | Corp | 15-Mar-20 | BBB+ | 14-Mar-21 | ST-3 | 
| 114 | Fully Reddemable Non Convertible Unsecured Subordinate Bond-II issued by Trust Bank | Bond | 18-Mar-20 | AA- | 17-Mar-21 | |
| 115 | Alpha Dresswear Ltd | Corp | 19-Mar-20 | BBB+ | 18-Mar-21 | ST-3 | 
| 116 | Polycon Limited | Corp | 22-Mar-20 | BBB+ | 21-Mar-21 | ST-3 | 
| 117 | Hridoy Agro Industry Limited | Corp | 22-Mar-20 | BBB | 21-Mar-21 | ST-3 | 
| 118 | Quality Fashion Wear Limited | Corp | 23-Mar-20 | BBB+ | 22-Mar-21 | ST-3 | 
| 119 | The Rose Garments Designer Unit- 02 Ltd. | Corp | 24-Mar-20 | BBB+ | 23-Mar-21 | ST-2 | 
| 120 | JMI Syringes & Medical Devices Limited | Corp | 29-Mar-20 | A+ | 28-Mar-21 | ST-2 |