QUARTERLY CREDIT RATING REPORT
(Alpha Credit Rating Limited)
(Second Quarter, 2022)
01 April, 2022 to 30 June, 2022
| 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 | |
| Bangladesh Finance Limited | NBFI | Surveillance | Entity | Q2 | 4/13/2022 | AA | 4/12/2023 | ST-1 | 4/12/2023 | Stable | |
| AIL Convertible Bond Issuer Alif Industries Limited | Bond | Initial | Instrument Rating | Q2 | 4/18/2022 | A- | 4/17/2023 | NA | 4/17/2023 | Stable | |
| Bank Alfalah Limited Bangladesh operations | Bank | Surveillance | Entity | Q2 | 4/28/2022 | AA+ | 4/27/2023 | ST-1 | 4/27/2023 | Stable | |
| Social Islami Bank Limited | Bank | Surveillance | Entity | Q2 | 5/16/2022 | AA+ | 5/15/2023 | ST-2 | 5/15/2023 | Stable | |
| State Bank of India Bangladesh Operations | Bank | Surveillance | Entity | Q2 | 6/1/2022 | AAA | 5/31/2023 | ST-1 | 5/31/2023 | Stable | |
| SIBL 4th Mudaraba Subordinated Bond | Bond | Initial | Instrument Rating | Q2 | 6/1/2022 | AA- | 5/31/2023 | NA | 5/31/2023 | Stable | |
| Global Islami Bank Limited | Bank | Surveillance | Entity | Q2 | 6/12/2022 | A+ | 6/11/2023 | ST-2 | 6/11/2023 | Stable | |
| BDT 4000 million floating rate redeemable non convertible unsecured subordinated bond VI of Trust Bank Limited | Bond | Initial | Instrument Rating | Q2 | 6/14/2022 | AA- | 6/13/2023 | NA | 6/13/2023 | Stable | |
| Union Bank Limited | Bank | Surveillance | Entity | Q2 | 6/16/2022 | A+ | 6/15/2023 | ST-2 | 6/15/2023 | Stable | |
| Meghna Bank Limited | Bank | Surveillance | Entity | Q2 | 6/23/2022 | AA- | 6/22/2023 | ST-2 | 6/22/2023 | Stable | |
| NCC Bank Non Convertible Subordinated Bond | Bond | Surveillance | Instrument Rating | Q2 | 6/23/2022 | AA- | 6/22/2023 | NA | 6/22/2023 | Stable | |
| BDT 10000 million Floating Rate Non Convertible Subordinated Bond issued by Pubali Bank Limited | Bond | Initial | Instrument Rating | Q2 | 6/26/2022 | AA | 6/25/2023 | NA | 6/25/2023 | Stable | |
| MIDAS Financing Limited | NBFI | Initial | Entity | Q2 | 6/28/2022 | A | 6/27/2023 | ST-3 | 6/27/2023 | Stable |