QUARTERLY CREDIT RATING REPORT
(Alpha Credit Rating Limited)
(1st Quarter 2025)
01 January 2025 to 31 March 2025
| 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 |
| Coupon Bearing Floating Rate Non Convertible Secured BDT 10000000000 Bond issued by North West Power Generation Company Limited | Bond | Surveillance | Instrument Rating | Q1 | 2025-01-02 | AAA | 2025-12-06 | NA | 2025-12-06 | Stable |
| Phoenix Finance and Investments Limited | NBFI | Surveillance | Entity | Q1 | 2025-01-19 | BB | 2025-11-16 | ST-4 | 2025-11-16 | Developing |
| Rajshahi Krishi Unnayan Bank | Bank | Surveillance | Entity | Q1 | 2025-01-23 | BB- | 2025-11-10 | ST-3 | 2025-11-10 | Stable |
| Agrani SME Financing Company Limited | NBFI | Initial | Entity | Q1 | 2025-01-30 | A+ | 2026-01-29 | ST-2 | 2026-01-29 | Stable |
| SIBL Mudaraba Perpetual Bond | Bond | Surveillance | Instrument Rating | Q1 | 2025-02-06 | AA- | 2025-12-06 | NA | 2025-12-06 | Stable |
| BDT 6000 MILLION FLOATING RATE NON CONVERTIBLE SUBORDINATED BOND | Bond | Surveillance | Instrument Rating | Q1 | 2025-03-06 | BBB+ | 2025-08-02 | NA | 2025-08-02 | Stable |
| BDT 7500 MILLION FLOATING RATE NON CONVERTIBLE SUBORDINATED BOND Issued By PUBALI BANK PLC | Bond | Surveillance | Instrument Rating | Q1 | 2025-03-10 | AA+ | 2025-10-23 | NA | 2025-10-23 | Stable |
| Zero Coupon Bond of BDT 3500 Million Issuer CITY AUTO RICE AND DAL MILLS LTD | Bond | Surveillance | Instrument Rating | Q1 | 2025-03-10 | AA | 2026-02-08 | NA | 2026-02-08 | Stable |
| BDT 4000 Million Mudaraba Subordinated Bond issued by Union Bank PLC | Bond | Surveillance | Instrument Rating | Q1 | 2025-03-20 | BBB | 2025-10-23 | NA | 2025-10-23 | Stable |