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