RATING UPDATE - DECEMBER 2014crab.com.bd/wp-content/files/Rating Update December 2014.pdf ·...

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TABLE OF CONTENT

Page #

List of Corporate and SME 01-40

List of Banks and Financial Institutions 41-41

List of Merchant Banks and Securities Firms 41-41

List of Insurances 42-42

List of Micro Finance Institutions (MFIs) 42-42

Appendices: CRAB Rating Scales and Definitions

Appendix 01: Long Term Credit Rating: Corporate (Entity) 43-44

Appendix 02: Long Term Credit Rating: Corporate (Long Term Loan) 44-44

Appendix 03: Short Term Credit Rating: Corporate (Short Term Loan) 45-45

Appendix 04: Long Term Credit Rating: Bank 46-46

Appendix 05: Short Term Credit Rating: Bank 47-47

Appendix 06: Long Term Credit Rating: Financial Institutions 48-48

Appendix 07: Short Term Credit Rating: Financial Institutions 49-49

Appendix 08:Long Term Credit Rating: Insurance 50-50

Appendix 09: Short Term Credit Rating: Insurance 51-51

Appendix 10: Long Term Credit Rating: Debt Instruments 52-52

Appendix 11: Long Term Credit Rating: Project Finance 53-53

Appendix 18: CRAB Rating Scales and Definitions –SME 54-54

Rating Update - December 2014 (Update up to 31 December 2014)

Sl No. Name of Client/Company Industry Type Rating Type Entity Loan Ratings Rating

(Alphabetical order) Rating Long Term Short Term* Outlook Validity**

Corporate and SME

1 A & B Outwear Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

2 A Hossain & Brothers SME Initial Rating CRAB-SE 4 - - 10-May-15

3 A Jabbar Auto Rice Mill Corporate Initial Rating - BBB3(Lr) - - 31-Mar-15

4 A K Traders SME Initial Rating CRAB-SE 4 - - 18-Oct-15

5 A K Traders (Al-Arafah) Corporate Initial Rating - BB3(Lr) ST-4 - 30-Mar-15

6 A Kashem Timber & S'Mill Corporate Surveillance - BB1(Lr) ST-4 - 22-Oct-15

7 A M Cold Storage Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

8 A R Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

9 A S Enterprise SME Initial Rating CRAB-ME 2 - - 23-Dec-15

10 A S P Enterprise Corporate Surveillance - - ST-3 - 31-Mar-15

11 A Tex International Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 10-May-15

12 A Tex Label Industries Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 25-Jun-15

13 A Wahab & Sons Corporate Initial Rating - BBB3(Lr) ST-3 - 28-Jan-15

14 AA Accessories Ind. Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-15

15 AA Synthetic Fibers Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

16 Abacus Textile Ltd. Corporate Initial Rating - BB3(Lr) - - 30-Jun-15

17 Abbas Steel House Corporate Surveillance - - ST-3 - 30-Jun-15

18 ABC Garments Ltd. Corporate Surveillance - - ST-4 - 30-Dec-15

19 Abdul Malek Mondol & Son's Corporate Surveillance - C(Lr) ST-6 - 30-Dec-15

20 Abdullah Rice Mill Corporate Surveillance - BB1(Lr) ST-3 - 12-Jun-15

21 Abid Textile Corporate Surveillance - BB1(Lr) ST-3 - 19-Nov-15

22 Abir Car Selection Corporate Initial Rating - BB1(Lr) ST-4 - 30-Aug-15

23 Abir Paribahan Sangstha Corporate Surveillance - - ST-3 - 20-Jun-15

24 Abu Taleb Corporate Initial Rating - BB1(Lr) ST-3 - 29-Jun-15

25 Abul Flour Mills SME Initial Rating CRAB-SE 4 - - 30-Aug-15

26 Abul Hossain SME Initial Rating CRAB-SE 4 - - 17-Nov-15

27 Abul Kalam & Brothers Corporate Surveillance - BB3(Lr) ST-4 - 15-Nov-15

28 Abul Khair & Others Corporate Surveillance - - ST-3 - 15-Feb-15

29 Abul Khair Ceramic Industries Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable 30-Sep-15

30 Abul Khair Limited Corporate Surveillance AA1 AA1 (Lr) ST-1 Stable 30-Jun-15

31 Abul Khair Steel Industries Ltd. Corporate Surveillance AA1 AA1 (Lr) ST-1 Stable 30-Jun-15

32 Abul Khair Steel Ltd. Corporate Surveillance AA2 AA2(Lr) ST-1 Stable 30-Jun-15

33 Abul Khair Steel Products Ltd. Corporate Surveillance AA1 AA1 (Lr) ST-1 Stable 30-Jun-15

34 Abul Khair Tannery Corporate Surveillance - BB1(Lr) - - 21-Jul-15

35 Adams Garments Ltd. Corporate Initial Rating - BBB3(Lr) - - 29-Jun-15

36 Adex Corporation Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

37 Adex Engineering Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

38 Adhunik Poshak Shilpa Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation

* Short Term loans include both funded and non-funded limits.

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is earlier.




39 Adiyat Traders & it's Sister Concerns Corporate Initial Rating - BB1(Lr) - - 4-Feb-15

40 Advance Animal Science Co. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-15

41 Advance Development & Tech. Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 21-Nov-15

42 Advance EPS Technologies Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 1-Dec-15

43 Advance Ready Mix Concrete Ind. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 1-Dec-15

44 Advance Technology & Ideas Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 1-Dec-15

45 Afrida Fabrics SME Initial Rating CRAB-ME 3 - - 30-Jun-15

46 Afsana Flour Mills Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 26-Mar-15

47 Aftab Automobiles Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 28-Feb-15

48 Agrani Printing Press Corporate Initial Rating - BB2(Lr) - - 28-Apr-15

49 Agrani Traders Corporate Initial Rating - - ST-4 - 30-Mar-15

50 Agrotech Feeds Ltd. Corporate Initial Rating BBB3 - ST-3 Stable 28-Feb-15

51 Ahamed Ali Fish SME Initial Rating CRAB-ME 4 - - 29-Sep-15

52 Ahammad Cycle Store SME Initial Rating CRAB-ME 3 - - 13-Aug-15

53 Ahmed & Sons Auto Rice Mill SME Surveillance CRAB-SE 4 - - 21-Jul-15

54 Ahmed Food Products (Pvt.) Ltd. SME Initial Rating CRAB-ME 4 - - 18-Oct-15

55 Ahmed Store Corporate Surveillance - - ST-3 - 14-Dec-15

56 AirBell Development Technologies Ltd. Corporate Surveillance - BB3(Lr) - - 5-Aug-15

57 AJ Fashions Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

58 Akash Mati General Store SME Initial Rating CRAB-SE 3 - - 28-May-15

59 Akata Rice Agency SME Initial Rating CRAB-SE 4 - - 28-Apr-15

60 Akbar Composite Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-15

61 Akbar Cotton Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-15

62 Akbar Textile Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-15

63 Akbar Traders Corporate Initial Rating - BB2(Lr) - - 29-Sep-15

64 Akco Industries and Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

65 Akhi Electronics SME Initial Rating CRAB-SE 3 - - 29-Oct-15

66 Akhil & Brothers Corporate Surveillance - - ST-4 - 28-Nov-15

67 Akon Traders Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-15

68 Akram & Sons Corporate Surveillance - - ST-3 - 28-Dec-15

69 Al Amin Enterprise (IBBL) Corporate Surveillance - BBB3(Lr) - - 18-Mar-15

70 Al Amin Enterprise (Jessore) Corporate Surveillance - BBB3(Lr) ST-3 - 29-Mar-15

71 Al Amin Garment Inds. Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 17-Oct-15

72 Al Amin Plywood Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

73 Al Amin Printing & Packages Corporate Surveillance - BBB3(Lr) ST-4 - 21-Jul-15

74 Al Bakara Steel & Co. Corporate Initial Rating - BBB3(Lr) ST-3 - 18-Feb-15

75 Al Barakat Rice Mill Corporate Surveillance - - ST-3 - 30-Nov-15

76 Al Fahad Air Ticketing and Medical Tourism Ltd. SME Initial Rating CRAB-SE 4 - - 22-Oct-15

77 Al Madina Industries Corporate Initial Rating - BBB3(Lr) ST-3 - 4-Feb-15

78 Al Madina Pharmaceuticals Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Sep-15

79 Al Madina Traders & Its Sister Concern SME Initial Rating CRAB-ME 3 - - 21-May-15

80 Al Musafa Enterprise Corporate Surveillance - - ST-4 - 31-Jul-15

81 Al Noor Paper & Board Mills Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 20-Nov-15


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82 Al Noor Steel Complex Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

83 Al Riad Trade Agency Corporate Initial Rating - B3(Lr) - - 29-Sep-15

84 Alam & Brothers Rice Mill Corporate Surveillance - BBB3(Lr) - - 29-Sep-15

85 Alam Brothers Boiler Auto Rice Mill & its Sister ConcernCorporate Initial Rating - BB2(Lr) ST-4 - 12-Mar-15

86 Alam Store Corporate Surveillance - BB1(Lr) ST-3 - 28-Sep-15

87 ALEMA Textiles Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 10-May-15

88 Alfis Limited Corporate Surveillance - BBB3(Lr) ST-3 - 31-Dec-15

89 Alhaj Md Ataur Rahman SME Initial Rating CRAB-SE 4 - - 21-May-15

90 Alhaj Traders Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

91 Alhaz Fayez Traders SME Initial Rating CRAB-SE 4 - - 13-Jul-15

92 Ali Enterprise SME Initial Rating CRAB-SE 4 - - 5-Nov-15

93 Ali Enterprise (CTG) Corporate Surveillance - BB1(Lr) - - 28-Dec-15

94 Ali Hossain Traders Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

95 Alif Enterprise Corporate Surveillance - - ST-4 - 29-Jun-15

96 Alif Sanitary SME Initial Rating CRAB-SE 4 - - 17-Sep-15

97 Alif Traders SME Initial Rating CRAB-ME 3 - - 18-Oct-15

98 Alif Vision Ltd. SME Initial Rating CRAB-SE 4 - - 17-Sep-15

99 Alim Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 23-Dec-15

100 Alliance Holdings Ltd. Corporate Surveillance A2 A2(Lr), A1(Lr) ST-1, ST-3 Stable 30-Oct-15

101 Alliance Properties Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable 30-Aug-15

102 Al-Mahmud Filling Station Ltd. Corporate Surveillance - BBB3(Lr) - - 30-Mar-15

103 Alpha Steel Corporate Initial Rating - BB1(Lr) - - 10-Sep-15

104 Aman Agro Industries Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

105 Aman Associates Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Sep-15

106 Aman Cement Mills Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 31-Dec-15

107 Aman Cold Storage Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

108 Aman Cotton Fibrous Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 30-Nov-15

109 Aman Cotton Fibrous Unit-2 Ltd. Corporate Surveillance BBB1(Pr) - - - 28-Feb-15

110 Aman Feed Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

111 Aman Poultry & Hatchery Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Dec-15

112 Aman Seeds Storage Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

113 Aman Spinning Mills Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

114 Aman Tex Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 15-Feb-15

115 Aman Trading Corporation Corporate Surveillance - - ST-3 - 29-Sep-15

116 Amana Super Shop & Products (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

117 AMC Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-15

118 Amena Enterprise Corporate Initial Rating - BB2(Lr) - - 4-Jun-15

119 Amex Limited Corporate Surveillance AA2 AA2(Lr) ST-2 Stable 27-Apr-15

120 Amin & Co. and its sister Concern SME Initial Rating CRAB-SE 4 - - 21-May-15

121 Amin & Sons Corporate Initial Rating - BBB3(Lr) ST-3 - 12-Apr-15

122 Amin Traders SME Initial Rating CRAB-SE 4 - - 5-Nov-15

123 Amin Trading Corporation Corporate Surveillance - BBB3(Lr) ST-3 - 29-Jun-15

124 Aminul Islam Rice Mill SME Initial Rating CRAB-ME 4 - - 13-Aug-15


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125 Amity Design Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 28-Dec-15

126 Amotex Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Jul-15

127 Amrita Lal Dev Nath Corporate Initial Rating - BB1(Lr) - - 15-Jan-15

128 Anannya Traders Corporate Surveillance - BBB3(Lr) ST-3 - 20-Jun-15

129 Ananta Apparels Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 2-May-15

130 Ananta Casul Wear Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 2-May-15

131 Ananta Denim Technology Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 2-May-15

132 Ananta Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

133 Angasree Dyeing,Printing,Finishing & Calendering Corporate Initial Rating - BBB3(Lr) - - 19-Mar-15

134 Angel Button Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Apr-15

135 Angelic Print Sharee Corporate Surveillance - BBB3(Lr) - - 30-Dec-15

136 Anik Composite Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

137 Anika Steel SME Initial Rating CRAB-SE 4 - - 17-Sep-15

138 Annyasha Trading Agency Corporate Surveillance - BB2(Lr) ST-4 - 31-Mar-15

139 Anonda Bipony Corporate Surveillance - - ST-3 - 29-Jun-15

140 Anowara Textile Mills SME Initial Rating CRAB-SE 3 - - 22-Oct-15

141 Anupam Fashion Wear Ltd. Corporate Surveillance - BB3(Lr), B1(Lr) ST-4 - 30-Dec-15

142 Anwar Enterprise Corporate Surveillance - - ST-4 - 30-Jun-15

143 Anwar Trading (IBBL) Corporate Surveillance - - ST-3 - 29-Jun-15

144 Anwara Ispat Corporate Initial Rating - BBB3(Lr) ST-3 - 18-Feb-15

145 Anwara Mannan & Sons SME Initial Rating CRAB-SE 4 - - 8-Dec-15

146 Anwara Mannan Textile Mills Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

147 Apex Foods Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 31-Dec-15

148 Apex Lingerie Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-15

149 Apex Spinning & Knitting Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Sep-15

150 Apex Textile Printing Mills Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

151 Apex Yarn Dyeing Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

152 Apon Traders SME Initial Rating CRAB-SE 4 - - 18-Oct-15

153 Apparel-21 Limited Corporate Surveillance A2 A2 (Lr) ST-3 Stable 30-Jun-15

154 Appollo Ispat Complex Ltd. Corporate Surveillance BB1 BB2(Lr) ST-4 Stable 31-Dec-14

155 Appolo Shopping Center SME Initial Rating CRAB-SE 4 - - 17-Nov-15

156 Arco Cold Storage Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

157 Argenta Garments Industries Ltd. SME Initial Rating CRAB-ME 4 - - 25-Nov-15

158 Arian Chemicals Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

159 Arif Garments Corporate Surveillance - BB3(Lr) - - 27-Apr-15

160 Aristo Corporation Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 25-Nov-15

161 ARL Ship Breaking Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

162 ARMAC Services Ltd. Corporate Surveillance - B1(Lr) ST-4 - 19-Sep-15

163 Arna & Arpa Enterprise SME Initial Rating CRAB-SE 4 - - 30-Mar-15

164 ARS Washing Ltd. SME Initial Rating CRAB-ME 4 - - 28-Apr-15

165 ART Accessories Ltd. Corporate Initial Rating BB2 - ST-4 Stable 30-Mar-15

166 Articulation Development Ltd. Corporate Surveillance - BBB3(Lr) - - 27-Sep-15

167 Aryan Stone and Marble Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-15


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168 Asad Chanachur Factory SME Initial Rating CRAB-SE 3 - - 30-Mar-15

169 Asheem Traders Corporate Initial Rating - BB3(Lr) ST-4 - 22-Oct-15

170 Ashif Sanitary Corporate Initial Rating - BBB3(Lr) ST-3 - 30-Aug-15

171 Ashik Traders Corporate Initial Rating - BB2(Lr) ST-4 - 30-Mar-15

172 Ashirbad Chaul Kal Corporate Initial Rating - BB2(Lr) - - 4-Jun-15

173 Asia Electronics Corporate Surveillance - - ST-4 - 30-Nov-15

174 Asia Enterprise Corporate Surveillance - - ST-3 - 30-Sep-15

175 Asia Industries (Pvt) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 28-Feb-15

176 Asian Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 14-Sep-15

177 Asian Dredgers Ltd. Corporate Surveillance B2 B2(Lr) ST-5 Negative 30-Jun-15

178 Asif Traders SME Initial Rating CRAB-SE 3 - - 5-Nov-15

179 ASS Knitwear Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

180 Asset Development & Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Oct-15

181 Associate Tubes Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Mar-15

182 AST Beverage Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 17-Oct-15

183 Astro Stitch Art Ltd. SME Initial Rating CRAB-ME 3 - - 14-Dec-15

184 Aswad Composite Mills Ltd. Corporate Surveillance A1 A1 (Lr) ST-3 Stable 10-Sep-15

185 Atlantic Enterprise Corporate Surveillance - BB3(Lr) ST-4 - 21-Jul-15

186 Auto Motor Importing Corporate Initial Rating - BB2(Lr) ST-4 - 25-Nov-15

187 Awal Store Corporate Surveillance - - ST-4 - 30-Jun-15

188 Axiom Technologies Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-15

189 Ayesha Jute Fibres Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 14-Nov-15

190 Ayez Uddin Chaul Kal Corporate Surveillance - BB1(Lr) - - 29-Sep-15

191 Azad Packaging SME Initial Rating CRAB-ME 3 - - 1-Jul-15

192 Azad Particle Board Mills Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

193 Azad Pulp & Paper Mills Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

194 Azad Store SME Initial Rating CRAB-ME 3 - - 29-Dec-15

195 Azad Syndicate SME Surveillance CRAB-SE 4 - - 30-Jun-15

196 Azad Twist Thread Mills Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

197 Aziz Textile Corporate Initial Rating - BB2(Lr) ST-4 - 18-Feb-15

198 Azmi Foods Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Jun-15

199 Azmir Shopping Centre SME Initial Rating CRAB-SE 3 - - 22-Oct-15

200 B A Corporation Corporate Surveillance - BB2(Lr) - - 10-Jul-15

201 B K Enterprise SME Initial Rating CRAB-ME 4 - - 4-Jun-15

202 B N Trading SME Initial Rating CRAB-ME 4 - - 10-May-15

203 Baki Chaul Kal Corporate Initial Rating - BB2(Lr) - - 4-Jun-15

204 Baly Garments SME Initial Rating CRAB-ME 4 - - 30-Mar-15

205 BANBIZ (Pvt) Ltd. Corporate Initial Rating - BB2(Lr) - - 30-Jun-15

206 Bandar Steel Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-Feb-15

207 Bangla Foils Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 29-Oct-15

208 Bangladesh Chaul Kal Corporate Surveillance - BB1(Lr) - - 29-Sep-15

209 Bangladesh Development Company Ltd. Corporate Surveillance BBB3 - - Stable 24-Sep-15

210 Bangladesh Industrial Gases Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 28-Dec-15


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211 Bangladesh Science House Corporate Surveillance - BB3(Lr) ST-4 - 31-Dec-15

212 Banglalink Digital Communications Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-15

213 Bappy Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 15-Dec-15

214 Barakatullah Electro Dynamics Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-3 Stable 29-Dec-15

215 Bari Furniture SME Initial Rating CRAB-SE 4 - - 29-Sep-15

216 Barnali Enterprise SME Initial Rating CRAB-ME 4 - - 11-Jun-15

217 Bashir Traders Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-15

218 Bashundhara Dredging Company Ltd. Corporate Surveillance - BBB2(Lr) ST-4 - 31-Mar-15

219 Bashundhara Food & Beverage Ind. Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 11-Mar-15

220 Bashundhara Industrial Complex Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

221 Bashundhara LP Gas Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

222 Bashundhara Multi Paper Industries Ltd. Corporate Surveillance BBB1(Pr) - - - 31-Mar-15

223 Basori Auto Rice Mill Corporate Initial Rating BB1 - ST-4 - 12-Mar-15

224 Bata Shoe Company (Bangladesh) Ltd. Corporate Surveillance AAA - ST-1 Stable 30-Mar-15

225 Baxter Garments & Textiles Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable 30-Aug-15

226 Bay Developments Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 30-Dec-15

227 BBC Steel Corporate Initial Rating - - ST-4 - 30-Mar-15

228 BCL Cold Storage Ltd. SME Initial Rating CRAB-SE 4 - - 23-Dec-15

229 BCL Paper Mills Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 2-Dec-15

230 BD Corporation Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

231 BD Foods Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-15

232 BD Knit Design Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

233 BD Sea Food Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

234 Beacon Infotech (Pvt) Ltd. SME Initial Rating CRAB-ME 3 - - 22-Jul-15

235 Beacon Pharmaceuticals Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 10-Sep-15

236 Beats Fashion Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

237 Beauty Cycle Store Corporate Initial Rating - BB1(Lr) - - 4-Feb-15

238 Beka Garments & Textiles Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-4 Stable 30-Aug-15

239 Belamy Textiles Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 29-Sep-15

240 Bemisal Enterprise Corporate Surveillance - - ST-3 - 29-Jun-15

241 Bengal Auto Rice Mill Corporate Initial Rating - BB1(Lr) - - 22-Jul-15

242 Bengal Meat Processing Ind. Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Positive 30-Dec-15

243 Bengal NFK Textile Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Aug-15

244 Bengal Pacific (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 14-Dec-15

245 Bengal Technological Corporation Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 1-Dec-15

246 Bengal Windsor Thermoplastics Ltd. Corporate Surveillance AA3 AA1(Lr) ST-2 Stable 26-Dec-15

247 Best Shirts Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 18-Jun-15

248 Best Steel Industries Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 14-Dec-15

249 Bhai Bhai Bastraloy SME Initial Rating CRAB-SE 3 - - 10-Sep-15

250 Bhai Bhai Enterprise Corporate Surveillance - BB1(Lr) - - 22-Jul-15

251 Bhai Bhai Poultry Farm & Hatchery Ltd. Corporate Initial Rating - BB2(Lr) - - 2-Dec-15

252 Bhai Bhai Timber Traders Corporate Initial Rating - BB2(Lr) - - 5-Nov-15

253 Bhai Bhai Traders Corporate Initial Rating - BB2(Lr) - - 31-Mar-15


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254 Bhawal Construction Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

255 Bhuiyan & Brothers Corporate Initial Rating - - ST-3 - 4-Jun-15

256 Bhuiyan Alumnium Works Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 30-Dec-15

257 BIDCO Corporate Surveillance - A3(Lr) ST-1, ST-3 - 30-Jun-15

258 Big Bazar Super Shop Corporate Surveillance - - ST-3 - 6-Feb-15

259 Bikrampur Potato Flakes Ind. Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

260 Bilkis Chaul Kal SME Initial Rating CRAB-SE 4 - - 11-Jun-15

261 Bin Ali Trading EST. SME Initial Rating CRAB-SE 4 - - 29-Sep-15

262 Binimoy Enterprise Corporate Surveillance - BB2(Lr) - - 30-Nov-15

263 Bio Health Co. Ltd. Corporate Initial Rating - - ST-4 - 24-Sep-15

264 Biometrics. BD Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable 10-May-15

265 Biplob Bhandar SME Initial Rating CRAB-SE 4 - - 18-Oct-15

266 Bishal Electronics SME Initial Rating CRAB-SE 4 - - 25-Nov-15

267 Bismillah Airlines Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 30-Dec-15

268 Bismillah Aluminum Works Corporate Surveillance - BBB1(Lr) - - 30-Sep-15

269 Bismillah Automatic Rice Mills Corporate Surveillance - BBB3(Lr) ST-3 - 19-Sep-15

270 Bismillah Business Service Corporate Surveillance - BB2(Lr) - - 30-Dec-15

271 Bismillah Enterprise Corporate Surveillance - BB1(Lr) - - 30-Mar-15

272 Bismillah Iron Store Corporate Initial Rating - BB1(Lr) ST-3 - 19-Mar-15

273 Bismillah Moshari Store Corporate Surveillance - BBB3(Lr) - - 30-Mar-15

274 Bismillah Store SME Initial Rating CRAB-ME 3 - - 22-Apr-15

275 Bismillah Traders SME Initial Rating CRAB-SE 4 - - 15-Dec-15

276 Biswas Traders & VIP Rice Mills Corporate Surveillance - BBB2(Lr) ST-3 - 30-Nov-15

277 Blue North Fisheries Corporate Surveillance - BBB3(Lr) - - 26-Jun-15

278 Bogra Foundry SME Initial Rating CRAB-SE 3 - - 10-Sep-15

279 Bogra Motors (Pvt) Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 17-Nov-15

280 Boishakhi Automatic Rice Mills Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-15

281 Bonafide Knitting Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-15

282 Bonanza Trade Marketing Corporate Surveillance - BB1(Lr) ST-4 - 28-Nov-15

283 Bonded Fashion Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

284 Bookman Printers & Publications Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-15

285 Borak Trading & Carrier SME Surveillance CRAB-ME 3 - - 29-Sep-15

286 Boras Knitwear Ltd. SME Initial Rating CRAB-ME 4 - - 22-Apr-15

287 Brahmanbaria Medical College Hospital Ltd. SME Initial Rating CRAB-ME 4 - - 30-Aug-15

288 Bright Fibre Corporation Corporate Initial Rating - BB2(Lr) ST-3 - 9-Jul-15

289 Brilliant Library SME Initial Rating CRAB-SE 3 - - 22-Oct-15

290 Brine Knit Composite Ltd. Corporate Surveillance - B1(Lr) ST-5 - 31-Mar-15

291 Brothers Hardware & Paint SME Initial Rating CRAB-SE 4 - - 30-Sep-15

292 BSM Syndicate Corporate Initial Rating - BBB3(Lr) ST-3 - 15-Dec-15

293 Building Construction Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 23-Dec-15

294 Building Technology & Ideas Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-May-15

295 Butterfly Marketing Ltd. Corporate Surveillance A2 A2 (Lr) ST-2 Stable 24-Sep-15

296 C & A Textiles Ltd. Corporate Surveillance B1 B1(Lr) ST-4 Stable 28-Dec-15


7




297 Car Selection Corporate Surveillance - BBB3(Lr) ST-3 - 5-Mar-15

298 CBN Bricks Ltd. Corporate Surveillance - C(Lr) ST-6 - 17-Dec-15

299 Centro Tex Ltd. Corporate Surveillance BB1 BB1(Lr) ST-1 Stable 23-Dec-15

300 Century Spinning Mills Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 2-Jun-15

301 Century Trade Syndicate Corporate Surveillance - BB2(Lr) ST-4 - 29-Jun-15

302 Chancellor Publishers Corporate Surveillance - BBB3(Lr) - - 27-Dec-15

303 Char Bhai Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 30-Aug-15

304 Charm Fashion Corporate Initial Rating - BBB3(Lr) - - 29-Sep-15

305 Cherry Knitwear Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 10-Sep-15

306 China Bangla Shopping Complex Corporate Initial Rating - BBB3(Lr) ST-3 - 13-Aug-15

307 Chistia Brick Manufacturing Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 27-Dec-15

308 Chittagong Asian Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 14-Sep-15

309 Chittagong Asian Paper Mills (Pvt.) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 26-Jun-15

310 Chittagong Electric Manfg. Co. Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 18-May-15

311 Chittagong Padding Mills Ltd. Corporate Surveillance BB2 BB1(Lr) ST-4 Stable 30-Nov-15

312 Chittagong Waste Treatment Plants Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 29-Nov-15

313 Choice Crokeries & Gift Centre SME Initial Rating CRAB-SE 4 - - 18-Oct-15

314 Chowdhury Enterprise Corporate Surveillance - - ST-3 - 28-May-15

315 Chowdhury International SME Initial Rating CRAB-SE 4 - - 14-Dec-15

316 Chung Hua Aluminium Industry Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 21-May-15

317 City Dal Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

318 City Feed Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

319 City Navigations Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

320 City Seed Crushing Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

321 City Sugar Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

322 Clamoon Garments Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Jul-15

323 Cobite Computers SME Initial Rating CRAB-SE 4 - - 29-Sep-15

324 Combined Food & Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

325 Comfit Composite Knit Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Feb-15

326 Comfort Trading International SME Initial Rating CRAB-SE 4 - - 17-Sep-15

327 Compustar (Pvt) Ltd. Corporate Initial Rating BBB3 - ST-4 Stable 4-Feb-15

328 Concord Creations Ltd. Corporate Initial Rating BBB3 - - Stable 25-Nov-15

329 Confidence Power Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

330 Consolidated Trading & Manu. Co. (Pvt) Ltd. Corporate Surveillance - - ST-1 - 15-Apr-15

331 Continental Garments Industries (Pvt.) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Nov-15

332 Corolla Corporation (BD) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 14-Dec-15

333 Corrg Sheet Packaging Industries Ltd. SME Initial Rating CRAB-ME 5 - - 17-Sep-15

334 Corrg Sheet Packaging Industries Ltd. SME Initial Rating CRAB-ME 5 - - 17-Sep-15

335 Cosmo Synthetic Ind. Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 26-Oct-15

336 Cosmopolitan Industries Pvt. Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 29-Dec-15

337 Cosmos Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 15-Nov-15

338 Cotton Textile & Apparels Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 15-Dec-15

339 CP Bangladesh Co. Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Negative 29-Jun-15


8




340 Craft Castle SME Initial Rating CRAB-ME 3 - - 28-May-15

341 Crazy Fashions Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

342 Creative Sweater Pvt. Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

343 Creative Zone SME Initial Rating CRAB-SE 4 - - 17-Nov-15

344 Crossline Factory (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Apr-15

345 Crossline Knit Fabrics Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Apr-15

346 Crown Cement Concrete & Building Products Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 11-May-15

347 Crown Fashion & Sweater Ind. Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-15

348 Crown Knitwear Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

349 Crown Mariners Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 11-May-15

350 Crown Metal Merchandising Corporate Surveillance - BB1(Lr) ST-3 - 21-Jul-15

351 Crown Polymer Bagging Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 11-May-15

352 Crown Transportation Logistics Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 11-May-15

353 Crown Wool Wear Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-15

354 Cutting Edge Garments Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 28-Dec-15

355 D S Fashion Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 10-Sep-15

356 Dada Steel Mills Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

357 Daeyu Bangladesh Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 5-Jun-15

358 DAF Accessories Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 5-Dec-15

359 Daffodil Knit Fabrics Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 10-Sep-15

360 DAL Knitwear Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 30-Jun-15

361 Dallas Filling Station Corporate Surveillance - BB1(Lr) - - 10-Jul-15

362 Danish Condensed Milk Bangladesh Ltd. Corporate Surveillance - AA2(Lr) ST-2 - 26-Dec-15

363 Danish Foods Limited Corporate Surveillance - A3(Lr) ST-3 - 11-Jul-15

364 Daveed Enterprise Ltd. SME Initial Rating CRAB-ME 3 - - 22-Apr-15

365 DBS & Co. (Dhaka Bricks Supply & Co.) SME Initial Rating CRAB-ME 3 - - 5-Nov-15

366 Decent Pharma Laboratories Corporate Surveillance - BB3(Lr) ST-4 - 30-Jul-15

367 Deen Paper Converting & Packaging Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 30-Aug-15

368 Deepa Food Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

369 Dekko Knitwears Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Positive 30-Jun-15

370 Deluxe Hardware Corporate Surveillance - B1(Lr) ST-5 - 15-Dec-15

371 Denim Expert Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-15

372 Desh Cold Storage (Pvt.) Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

373 Devine Design Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-15

374 Dhaka Community Hospital Trust Corporate Initial Rating - BBB1(Lr) ST-3 - 21-May-15

375 Dhaka Hongkong Thread Ind. Ltd. SME Initial Rating CRAB-SE 4 - - 17-Sep-15

376 Dhaka Pet Enterprise Corporate Surveillance - - ST-3 - 29-Jun-15

377 Dhaka Trading House Corporate Surveillance - D ST-6 - 18-Jul-15

378 Dhansheri Doi Ghar & Dhansheri Enterprise SME Initial Rating CRAB-SE 3 - - 29-Dec-15

379 Diamond Jute Diversification & Co. SME Initial Rating CRAB-SE 3 - - 14-Dec-15

380 Digital Power and Associates Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 31-Jul-15

381 Dip Knitwear Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 6-Nov-15

382 Diva Enterprise-02 SME Initial Rating CRAB-SE 4 - - 29-Sep-15


9




383 Dody Exportwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 14-Mar-15

384 Dody Trims Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 31-May-15

385 Doreen Power Generations & Sys. Ltd. Corporate Surveillance AA2 AA2(Lr) ST-1 Stable 21-Dec-15

386 Doreen Power House & Technologies Ltd. Corporate Surveillance AA2 AA2(Lr) ST-1 Stable 30-Dec-15

387 Dost Traders Corporate Initial Rating - BBB3(Lr) - - 19-Mar-15

388 Doyel Engineering Works SME Initial Rating CRAB-SE 3 - - 14-Dec-15

389 Doyel Metal Industries SME Initial Rating CRAB-SE 3 - - 14-Dec-15

390 Dragoni Fashions Ltd. Corporate Initial Rating - - ST-4 - 28-Jan-15

391 Dream Integrated Agro Complex Ltd. Corporate Surveillance - - ST-3 - 17-Dec-15

392 Dresden Textile Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

393 Dulal Shikder Corporate Surveillance - - ST-3 - 20-Jun-15

394 Dulal Store SME Initial Rating CRAB-SE 3 - - 29-Sep-15

395 Durjoy Enterprise SME Initial Rating CRAB-SE 4 - - 5-Nov-15

396 Dutch Bangla Power & Associates Ltd. Corporate Surveillance A1 A1(Lr) - Stable 30-Jun-15

397 Eagle Fiber Industries Ltd. SME Initial Rating CRAB-ME 3 - - 24-Sep-15

398 Eagle Textiles SME Initial Rating CRAB-ME 2 - - 7-Jul-15

399 Eastern Associate SME Initial Rating - - - - 14-Dec-15

400 Eastern Medical College & Hospital Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 12-Aug-15

401 Eastern Shipping SME Initial Rating CRAB-SE 4 - - 14-Dec-15

402 ECPV Chittagong Ltd. Corporate Surveillance A2(Pr) - - Negative 30-Mar-15

403 Electrical & Electronics Company Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Nov-15

404 Electro Battery Company Ltd. Corporate Surveillance BBB1 - ST-3 Negative 31-Dec-14

405 Electro Mart Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 30-Nov-15

406 Electro Mechanical Service Ltd. Corporate Surveillance A3 - ST-3 Negative 31-Dec-14

407 Electro Solar Power Ltd. Corporate Surveillance BBB1 - ST-3 Negative 31-Dec-14

408 EM Power Ltd. Corporate Surveillance A3 - ST-3 Negative 31-Dec-14

409 Emdadia Re-Rolling Mills Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 10-May-15

410 Enani Hatchery Ltd. SME Initial Rating CRAB-ME 3 - - 7-May-15

411 Enayetpur Rice Mill Corporate Initial Rating BB2 - ST-4 - 12-Mar-15

412 Enayetpur Spinning Mills Ltd. Corporate Surveillance BB1 - ST-4 Stable 31-Dec-14

413 Epcot Apparels Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 28-Feb-15

414 Epic Garments & Manufacturing Co. Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Positive 29-Dec-15

415 Epic Properties Ltd. Corporate Initial Rating - B1(Lr) - - 29-Oct-15

416 Epyllion Fabrics Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Positive 30-Jun-15

417 Epyllion Knitex Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Positive 31-Dec-14

418 Epyllion Knitwears Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Positive 31-Dec-14

419 Epyllion Limited Corporate Surveillance A3 A3(Lr) ST-3 Positive 31-Dec-14

420 Epyllion Style Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Positive 31-Dec-14

421 Era Construction Corporate Initial Rating - BB1(Lr) ST-4 - 10-Sep-15

422 Erfan Traders Corporate Initial Rating - BBB1(Lr) ST-3 - 24-Sep-15

423 Ershad & Sons Corporate Surveillance - A3(Lr) ST-3 - 30-Jun-15

424 Ershad Brothers Corporation Corporate Surveillance - A3(Lr) ST-3 - 30-Jun-15

425 Esack Brothers Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Apr-15


10




426 Eshan Agro & Food SME Initial Rating CRAB-SE 3 - - 25-Nov-15

427 Esquire Accessories Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

428 Esquire Dyeing Industries Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 30-Jun-15

429 Esquire Electronics Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

430 Esquire Knit Composite Ltd. Corporate Surveillance A2 A2 (Lr) ST-2 Stable 30-Jun-15

431 Estia Enterprise Corporate Initial Rating - BB1(Lr) ST-4 - 18-Feb-15

432 Etasia Interlinings Ltd. Corporate Initial Rating BBB1 - ST-3 Positive 12-Mar-15

433 Ethical Garments Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Positive 4-Sep-15

434 Euro Label Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

435 Europa Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

436 Eurozone Fashion Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Dec-15

437 Everest Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 15-Mar-15

438 Everest Sweaters Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 13-Jun-15

439 Excel Telecom Pvt Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-4 Stable 26-Apr-15

440 Executive Technologies Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 27-Feb-15

441 F A C Eastern Enterprise Ltd. Corporate Surveillance - - ST-1 - 18-May-15

442 F A C Holdings Ltd. Corporate Surveillance BB2 - - Stable 18-May-15

443 F F Enterprise Corporate Initial Rating - BBB3(Lr) ST-3 - 11-Nov-15

444 F M Accessories SME Initial Rating CRAB-SE 4 - - 23-Dec-15

445 F M Rubber & Chemical SME Initial Rating CRAB-SE 4 - - 29-Sep-15

446 F M Trading Corporation SME Initial Rating CRAB-SE 4 - - 30-Aug-15

447 F Rahman Tea Co. Ltd. Corporate Surveillance BBB3 - - Stable 29-Dec-15

448 Fab-Con Textile Mills Ltd. Corporate Surveillance - A2(Lr) ST-3 - 27-Dec-15

449 Fabian Industries Ltd. Corporate Surveillance A3 - ST-3 Stable 18-Mar-15

450 Fabian Thread Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Dec-15

451 Fahim Traders Corporate Surveillance - - ST-3 - 30-Jun-15

452 Fair Apparels Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 23-Sep-15

453 Fair Farms Corporate Initial Rating - BBB3(Lr) - - 25-Jun-15

454 Fairytale Automobiles SME Initial Rating CRAB-SE 3 - - 25-Nov-15

455 Fakhor Uddin Ali Ahmed Corporate Surveillance - BBB3(Lr) - - 29-Sep-15

456 Fakir Apparels Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-15

457 Fakir Fashion Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 30-Jun-15

458 Fakir Flour & Daul Mill Corporate Surveillance - BB1(Lr) ST-3 - 14-Nov-15

459 Fakir Knitwears Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-1,ST-2 Positive 30-Jun-15

460 Fame Design Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

461 Farid Ahmed Corporate Initial Rating - - ST-4 - 25-Jul-15

462 Farid Uddin & Sons Corporate Surveillance - BB2(Lr) ST-4 - 15-Dec-15

463 Fariha Spinning Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 29-Jun-15

464 Farjana Textile & Printing Processing (Pvt) Ltd. SME Initial Rating CRAB-ME 4 - - 30-Dec-15

465 Farseeing Knit Composite Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 18-Jun-15

466 Faruk Cottage SME Initial Rating CRAB-SE 3 - - 18-Oct-15

467 Faruque Textile Corporate Initial Rating - BBB3(Lr) - - 28-Apr-15

468 Farzana Oil Refineries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15


11




469 Fashion Flash Ltd. Corporate Surveillance - - ST-1, ST-3 - 1-Dec-15

470 Fashion Makers Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-15

471 Fashion Plastic & Packaging Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

472 Fast Corporation (Pvt.) Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 25-Mar-15

473 Fatema Enterprise Corporate Surveillance - BB3(Lr) - - 30-Jun-15

474 Fatema Enterprise (SME) SME Initial Rating CRAB-SE 4 - - 29-Sep-15

475 Fatema Traders Corporate Surveillance - - ST-3 - 30-Sep-15

476 Fawn International Corporate Initial Rating - BBB3(Lr) ST-3 - 29-Dec-15

477 Federal Air Cargo Corporate Initial Rating - BB3(Lr) ST-4 - 14-Dec-15

478 Federal Motors Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 14-Dec-15

479 Fiat Fashion Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 15-Dec-15

480 Fiber@Home Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 14-Jan-15

481 Finlay Properties Ltd. Corporate Initial Rating - BB3(Lr) - - 10-May-15

482 Five Star Ice & Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

483 Fiza & Co. Corporate Surveillance - BBB2(Lr) - - 29-Sep-15

484 Flora Limited Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Dec-15

485 Florence Fashions Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 8-Jan-15

486 Foisal Steel Corporation SME Initial Rating CRAB-SE 3 - - 13-Aug-15

487 Fortune Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Dec-15

488 Four H Apparels Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 29-Sep-15

489 Four H Dyeing & Printing Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 15-Mar-15

490 Four H Fashion Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable 30-Jun-15

491 Four H Lingerie Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 29-Sep-15

492 Fraternity Accessories Ltd. SME Initial Rating CRAB-SE 5 - - 13-Aug-15

493 Fraternity Packaging Industries Ltd. SME Initial Rating CRAB-SE 5 - - 13-Aug-15

494 Fresco Steel Mills Ltd. SME Surveillance CRAB-ME 4 - - 18-Oct-15

495 Fresh Apparels Ltd. Corporate Initial Rating BB2 BB2(Lr) ST-4 Stable 21-May-15

496 Friends & Friends Apparels (Pvt) Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 11-Sep-15

497 Friends Chemitec Corporate Initial Rating - BB2(Lr) ST-4 - 2-Dec-15

498 Fu Wang Foods Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 18-Jun-15

499 Fulpur Knit & Garments Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 8-Dec-15

500 Fu-Wang Ceramic Industry Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Negative 15-Dec-15

501 G M Trading Corporate Surveillance - BB1(Lr) ST-4 - 29-Jun-15

502 Galco Steel (Bangladesh) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Dec-15

503 Gallant Fashion Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-15

504 Gangchil Real Estae SME Initial Rating CRAB-SE 3 - - 21-May-15

505 Gani Flour Mills & Industries Corporate Surveillance - - ST-4 - 30-Sep-15

506 Garib-E-Newaz Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

507 Gausia Bhandari Iron Mart SME Initial Rating CRAB-SE 4 - - 17-Sep-15

508 Gausia General Store SME Initial Rating CRAB-ME 3 - - 10-May-15

509 Gausia Store SME Initial Rating CRAB-ME 3 - - 18-Jun-15

510 Gazi Enterprise Corporate Initial Rating - BB2(Lr) ST-4 - 4-Feb-15

511 Gazi Trading Corporate Surveillance - BB1(Lr) ST-4 - 29-Jun-15


12




512 General Computer Embroidery Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 30-Jun-15

513 General Pharmaceuticals Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Dec-15

514 General Trading Company Corporate Surveillance - BBB3(Lr) ST-4 - 30-Dec-15

515 Genetic Limited Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Nov-15

516 German Bangladesh Machine & Steel Corporate Initial Rating - BB2(Lr) ST-4 - 21-May-15

517 German Chemicals Ltd Corporate Initial Rating BB1 BB1(Lr) ST-3 Stable 10-Sep-15

518 German Chemicals Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 10-Sep-15

519 GETCO Agro Vision Ltd. Corporate Surveillance - - ST-3 - 30-Dec-15

520 GETCO Limited Corporate Surveillance - - ST-3 - 30-Dec-15

521 Ghulam Mortaza Biswas Corporate Surveillance - - ST-5 - 5-Dec-15

522 Giant Textiles Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 22-Oct-15

523 Glasstech Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

524 Global Brand (Pvt) Ltd. Corporate Surveillance - A3(Lr) ST-3 - 31-Dec-15

525 Global Knitwear Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-15

526 Global Shirts Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

527 Global Specialized Garments Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 30-Jun-15

528 Global Trading Corporation SME Initial Rating CRAB-ME 4 - - 29-Jun-15

529 Global Trousers Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-15

530 Globe Agrovet Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 11-Dec-15

531 Globe Biscuits & Dairy Milk Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 17-Oct-15

532 Globe Drugs Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 17-Oct-15

533 Globe Fisheries Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 17-Nov-15

534 Globe Pharmaceuticals Ltd. Corporate Surveillance A2 A2 (Lr) ST-3 Stable 17-Oct-15

535 Globe Soft Drinks Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 17-Oct-15

536 GokalDas Images (BD) Pvt. Ltd. Corporate Surveillance - - ST-3 - 15-Dec-15

537 Golam Mostafa Traders SME Initial Rating CRAB-SE 4 - - 18-Jun-15

538 Golam Mostofa Miah SME Initial Rating CRAB-SE 3 - - 22-Oct-15

539 Gold Star Garments Ltd. Corporate Surveillance BBB3 - ST-3 Stable 18-Feb-15

540 Golden Containers Ltd. Corporate Surveillance BB2 BB1(Lr) ST-1 Stable 5-Dec-15

541 Golden Son Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Jun-15

542 Good Luck Flour Mills SME Surveillance CRAB-SE 3 - - 17-Dec-15

543 Good Rich Sweaters Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

544 Gopal Krishna Banik SME Surveillance CRAB-SE 4 - - 4-Sep-15

545 Goribay Nawaj Enterprise SME Surveillance CRAB-SE 3 - - 19-May-15

546 Gothic Design Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

547 Gous Garments Industries Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 15-Dec-15

548 GPH Ispat Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 24-Sep-15

549 GQ Ball Pen Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 29-Jun-15

550 Grace Accessories Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 1-Aug-15

551 Grace Builders Ltd. Corporate Initial Rating - BB2(Lr) - - 31-Mar-15

552 Gram Bangla Tubes Ltd. Corporate Surveillance - - ST-4 - 30-Jun-15

553 Grambangla Poultry & Fish Feed Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 12-Apr-15

554 Grameenphone Ltd. Corporate Surveillance AAA AAA(Lr) ST-1 Stable 31-Dec-15


13




555 Graphics Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 10-Dec-15

556 Graphics Textiles Ltd. Corporate Surveillance BB1 - ST-3 Stable 27-Mar-15

557 Great Wall Ceramics Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-15

558 Green Granite & Marble Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-15

559 Green Power Electrical & Electronics Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-May-15

560 Green Power Transformer Company Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-May-15

561 Gulf Knitting & Textile Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 29-Dec-15

562 Gulf Travels Corporate Surveillance - BB3(Lr) - - 15-Dec-15

563 Gulshan Enterprise SME Initial Rating CRAB-SE 3 - - 11-Nov-15

564 Gunabati Traders SME Initial Rating CRAB-SE 4 - - 22-Oct-15

565 Gunjan Engineering Works Ltd. Corporate Surveillance CC CC ST-6 - 20-Nov-15

566 Gunjan Metal Works Ltd. Corporate Surveillance - B3(Lr) ST-5 - 20-Nov-15

567 H K Steel Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 14-Dec-15

568 H R Enterprise Corporate Surveillance - - ST-4 - 15-Dec-15

569 H R Re-Rolling Mills Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 18-Feb-15

570 H R Transport Agency SME Initial Rating CRAB-ME 3 - - 17-Nov-15

571 Ha Mim Footwear Ltd. Corporate Surveillance B1 B1(Lr) ST-4 Stable 30-Jun-15

572 Habib & Brothers SME Initial Rating CRAB-ME 4 - - 11-Jun-15

573 Habib Aggregate Industry SME Initial Rating CRAB-SE 3 - - 31-Mar-15

574 Habib Brothers Corporate Initial Rating - BB1(Lr) - - 21-May-15

575 Habib Clinic & Diagnostic Centre Corporate Surveillance - BB2(Lr) ST-3 - 26-Jun-15

576 Habib Enterprise Corporate Surveillance - - ST-4 - 30-Sep-15

577 Hafizur & Brothers SME Initial Rating CRAB-SE 4 - - 29-Dec-15

578 Hafsa Automobile SME Initial Rating CRAB-SE 4 - - 21-May-15

579 Hafsa Food Product SME Initial Rating CRAB-SE 3 - - 29-Oct-15

580 Haider Motors Corporate Initial Rating - BB1(Lr) ST-4 - 10-Sep-15

581 Hajee Abdul Gafur Sowdagor SME Initial Rating CRAB-SE 4 - - 10-May-15

582 Haji Dana Miah and Sons Corporate Surveillance - BB1(Lr) ST-3 - 20-Jun-15

583 Haji Kabir Ahmed Corporate Surveillance - - ST-3 - 13-Dec-15

584 Haji Md Asad Mia SME Initial Rating CRAB-SE 4 - - 5-Nov-15

585 Haji Md Turon Miah Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

586 Haji Poultry & Fish Complex SME Initial Rating CRAB-SE 3 - - 10-Sep-15

587 Hakim & Sons Corporate Surveillance - - ST-4 - 13-Mar-15

588 Halda Accessories Ind. Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-15

589 Halda Enterprise Ltd. Corporate Surveillance - B1(Lr) ST-5 - 11-Dec-15

590 Hamdard Laboratories (WAQF) Bangladesh Corporate Surveillance A1 A1(Lr) ST-3 Stable 14-Dec-15

591 Ha-Meem Denim Mills Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 29-Sep-15

592 Hamid Fabrics Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-15

593 Hamid Hardware Store Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

594 Hamid Weaving Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Dec-15

595 Hamida Plastic Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

596 Hanifi Auto Board Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 19-Dec-15

597 Hannan CNG Station Corporate Initial Rating - BB3(Lr) ST-4 - 19-Mar-15


14




598 Hanufa Traders SME Initial Rating CRAB-SE 4 - - 18-Jun-15

599 Haque & Co. (Dry Cell) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Dec-15

600 Haque & Company Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Dec-15

601 Haque Brothers (Carbide) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Dec-15

602 Haque Brothers (Industries) Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 28-Dec-15

603 Haque Chemicals Enterprise Corporate Surveillance - BB3(Lr) - - 15-May-15

604 Haque Enterprise Corporate Surveillance - - ST-4 - 30-Jun-15

605 Haque Oil and Flour Mill Corporate Surveillance - BB2(Lr) ST-3 - 19-May-15

606 Haque Sanitary & Hardware SME Initial Rating CRAB-SE 4 - - 29-Sep-15

607 Haque Store SME Initial Rating CRAB-SE 4 - - 29-Jun-15

608 Haque Trade International SME Initial Rating CRAB-SE 4 - - 19-Dec-15

609 Haque Traders Corporate Surveillance - - ST-3 - 31-May-15

610 Harun Flour Mills Ltd. Corporate Surveillance - BB1(Lr) - - 2-Apr-16

611 Hasan Book Depot Corporate Surveillance - BBB2(Lr) ST-3 - 14-Nov-15

612 Hasan Flour Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

613 Hasan Pulp & Paper Mills Ltd. Corporate Surveillance B1(Pr) - - - 17-May-15

614 Hasan Trade Corporate Surveillance - - ST-3 - 27-Sep-15

615 Hashmatullah Knitwear Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 28-Aug-15

616 Hasib Electric Corporate Surveillance - - ST-3 - 30-Jun-15

617 Hasna Enterprise SME Initial Rating CRAB-SE 4 - - 24-Sep-15

618 Hassan Brothers Corporate Surveillance - BBB2(Lr) ST-3 - 27-Feb-15

619 Hazera Bricks Field SME Initial Rating CRAB-ME 4 - - 10-Sep-15

620 Hazera Rice Mill SME Initial Rating CRAB-ME 4 - - 10-Sep-15

621 Hazi Abu Sama Auto Rice Mill Corporate Initial Rating - BB1(Lr) - - 11-Jun-15

622 Hazi Distribution SME Initial Rating CRAB-SE 4 - - 29-Oct-15

623 Hazi Nur Begum Furniture SME Initial Rating CRAB-SE 3 - - 8-Jul-15

624 Hazi Nurul Islam Auto Rice Mills Corporate Surveillance - BB1(Lr) - - 29-Sep-15

625 Hazi Textile SME Initial Rating CRAB-SE 4 - - 30-Dec-15

626 Hejaj Steel Corporate Initial Rating - BB1(Lr) ST-4 - 18-Oct-15

627 Helal Electric Co. Corporate Surveillance - BBB3(Lr) ST-3 - 12-Mar-15

628 Heritage Polymer & Lami Tubes Ltd. Corporate Initial Rating BBB3 - ST-3 Stable 19-Mar-15

629 Hi Fashion Gallery Ltd Corporate Initial Rating - BB2(Lr) ST-4 - 30-Aug-15

630 Hi-Fashion Composite Textiles Ltd. Corporate Initial Rating BB2 BB2(Lr) ST-4 Stable 10-May-15

631 Himalaya Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 31-Mar-15

632 Holy Cross International School Corporate Initial Rating B2(Pr) - - - 14-Jun-15

633 Home Collection SME Initial Rating CRAB-SE 4 - - 24-Sep-15

634 Homeland Chemical Industries Ltd. Corporate Surveillance - BBB3(Lr) - - 2-Dec-15

635 Hoque Engineering Works SME Initial Rating CRAB-ME 2 - - 4-Jun-15

636 Hoque Traders SME Initial Rating CRAB-SE 4 - - 22-Oct-15

637 Horizon Fashion Wear Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

638 Hospicare BD Ltd. SME Initial Rating CRAB-SE 3 - - 7-Jul-15

639 Hossain Ali Traders SME Initial Rating CRAB-SE 3 - - 17-Nov-15

640 Hossain Electronics SME Surveillance CRAB-SE 4 - - 29-Aug-15


15




641 Hossain International Corporate Surveillance - BBB2(Lr) ST-3 - 22-Jan-15

642 Hotel Mishuk Raj Bangshi & Co. Pvt. Ltd. SME Initial Rating CRAB-ME 4 - - 22-Oct-15

643 Hotel Sea Place Ltd. Corporate Surveillance A3 A3(Lr) - Stable 30-Dec-15

644 Hridoy Agro Industries Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 18-Jun-15

645 Hridoy Traders SME Initial Rating CRAB-SE 4 - - 14-Dec-15

646 HTMS Packaging Ind. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

647 Humayan & Brothers SME Initial Rating CRAB-SE 3 - - 29-Sep-15

648 Hwa Well Textiles (BD) Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 31-Dec-14

649 Hydroxide Knitwear Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 26-Apr-15

650 Ibn Sina Trust Corporate Surveillance A2 A2 (Lr) ST-3 Stable 13-Aug-15

651 Ideal Enterprise Corporate Surveillance - - ST-1,ST-2 - 31-Dec-14

652 Ideal Spinning Mills Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

653 Idris & Company (Pvt.) Ltd. Corporate Surveillance BB3 BB3(Lr) - Stable 29-Dec-15

654 IFAD Autos Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Dec-15

655 IFAD Multi Products Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Nov-15

656 Imon Bastra Biponi SME Initial Rating CRAB-SE 4 - - 29-Oct-15

657 Imperial Embroidery Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 29-Jun-15

658 Impex Trade International Corporate Surveillance - BB1(Lr) ST-3 - 30-Apr-15

659 Index Agro Industries Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 18-Jun-15

660 Information Technology Consultants Ltd. Corporate Initial Rating A3 A3(Lr) ST-2, ST-3 Stable 30-Dec-15

661 Innstyle Fashion Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Nov-15

662 INTEFA Corporate Surveillance - - ST-3 - 30-Jun-15

663 Integrated Security Services Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 25-Mar-15

664 Interfab Shirt Manufacturing Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

665 Interlink Accessories Ltd. SME Initial Rating CRAB-ME 3 - - 31-Dec-15

666 Interlink Apparels Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Dec-15

667 Interlink Dresses Corporate Initial Rating - BBB3(Lr) ST-3 - 31-Dec-15

668 International Shirt Line Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 21-Nov-15

669 International Trading Services Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Jul-15

670 Intimates Elastic Industries Ltd. Corporate Initial Rating BBB2 - ST-3 Stable 30-Mar-15

671 Inventa Pro Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 25-Nov-15

672 Iqbal & Brothers SME Initial Rating CRAB-ME 4 - - 23-Dec-15

673 Iqbal Trading Corporation Corporate Initial Rating - BB1(Lr) ST-4 - 11-Nov-15

674 Iqramul Haque Store SME Initial Rating CRAB-SE 3 - - 29-Sep-15

675 Ireen Thai Aluminium Corporate Initial Rating - BBB3(Lr) ST-3 - 21-May-15

676 Islam Brothers & Co. Corporate Surveillance - - ST-3 - 29-Sep-15

677 Islam Pack & Accessories Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-15

678 Islam Traders Corporate Initial Rating - BB3(Lr) - - 30-Aug-15

679 Islamabad Rice Mill SME Initial Rating CRAB-SE 4 - - 25-Nov-15

680 Islamia Filament Industries Corporate Surveillance - - ST-3 - 30-Jun-15

681 Iso Tech Chemical Industries Ltd. Corporate Initial Rating BB3(Pr) BB3(Pr) - - 30-Jun-15

682 Ispahani Foods Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 15-Dec-15

683 J B Cylinder Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 7-Nov-15


16




684 J B Refinery Ltd. Corporate Surveillance BB2 BB2(Lr) - Stable 29-Jun-15

685 J K Cotton Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

686 J K Enterprise SME Initial Rating CRAB-SE 3 - - 24-Sep-15

687 J K International Corporate Surveillance - - ST-4 - 30-Jun-15

688 J K Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

689 J K Spinning Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

690 J K Steel Corporate Initial Rating - BB1(Lr) - - 15-Mar-15

691 J K Synthetic Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

692 J M Steel Corporate Surveillance - BB1(Lr) - - 30-Jun-15

693 J R Corporation Corporate Initial Rating - BBB2(Lr) ST-3 - 30-Dec-15

694 J S C Products SME Initial Rating CRAB-ME 4 - - 25-Nov-15

695 Jabber Store SME Initial Rating CRAB-SE 4 - - 18-Jun-15

696 Jafar & Co SME Initial Rating CRAB-ME 3 - - 24-Sep-15

697 Jahangir & Others Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 6-Dec-15

698 Jahangir Enterprise SME Initial Rating CRAB-SE 3 - - 28-May-15

699 Jahangir Iron Mart SME Surveillance CRAB-ME 4 - - 29-Jun-15

700 Jahir Textile SME Initial Rating CRAB-SE 3 - - 22-Oct-15

701 Jalal Ahmed Spinning Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

702 Jalal Enterprise SME Initial Rating CRAB-SE 4 - - 24-Sep-15

703 Jamal Construction Company SME Initial Rating CRAB-SE 5 - - 31-Mar-15

704 Jamal Enterprise (Ctg.) Corporate Initial Rating - BBB3(Lr) - - 28-Jan-15

705 Jamuna Auto Rice Mill Corporate Surveillance - BB1(Lr) ST-3 - 10-Oct-15

706 Jamuna Bricks Manufacturing Company SME Initial Rating CRAB-SE 4 - - 13-Aug-15

707 Jamuna Edible Oil Industries Ltd. Corporate Initial Rating BB3(Pr) - - - 30-Mar-15

708 Jamuna Jute Industries Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 4-Dec-15

709 Jamuna Seeds Storage (Pvt.) Ltd. Corporate Surveillance - BB2(Lr) - - 20-Dec-15

710 Jamuna Trade Syndicate Corporate Initial Rating - BBB3(Lr) - - 18-Feb-15

711 Janata Chira & Muri Mill & its sister concern SME Initial Rating CRAB-SE 3 - - 22-Oct-15

712 Janata Machineries Corporate Surveillance - BB1(Lr) ST-3 - 31-Oct-15

713 Janata Metal Industries SME Initial Rating CRAB-SE 4 - - 10-May-15

714 Jannat Flour Mills Corporate Surveillance - - ST-3 - 30-Jun-15

715 Jannath Medico Corporate Surveillance - BBB1(Lr) - - 31-May-15

716 Jans Elastica Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 2-Dec-15

717 Japan Solartech (Bangladesh) Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 19-Mar-15

718 Jar World Ltd. SME Initial Rating CRAB-SE 4 - - 14-Dec-15

719 Jarina Metal Works Corporate Initial Rating - BB2(Lr) ST-4 - 30-Dec-15

720 Jashim & Brothers Corporate Surveillance - - ST-3 - 13-Dec-15

721 Jashim Bricks Manufacturing SME Initial Rating CRAB-SE 4 - - 30-Aug-15

722 Jashim Flour Mill Corporate Initial Rating - BB2(Lr) - - 22-Apr-15

723 JBL Drug Laboratories SME Initial Rating CRAB-SE 4 - - 25-Nov-15

724 Jeans Manufacturing Co. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 20-Aug-15

725 Jes Motors Corporate Surveillance BB1 BBB3(Lr) ST-3 Stable 19-Dec-15

726 Jewel Brothers SME Initial Rating CRAB-ME 3 - - 21-May-15


17




727 Jharna Fish Feed Ltd. Corporate Initial Rating - BBB3(Lr) - - 4-Feb-15

728 Jilan Motors SME Initial Rating CRAB-ME 4 - - 22-Jul-15

729 Jim Enterprise SME Initial Rating CRAB-SE 3 - - 25-Nov-15

730 Jimi Traders Corporate Initial Rating - BBB3(Lr) ST-3 - 25-Jun-15

731 JMG International SME Initial Rating CRAB-SE 3 - - 18-Jun-15

732 JMS Garments Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-1, ST-3 Stable 15-Dec-15

733 Joardar Rice Mills Corporate Surveillance - - ST-3 - 28-Feb-15

734 Johura Ajij Atob Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 30-Aug-15

735 Jononi Traders SME Initial Rating CRAB-SE 4 - - 7-Jan-16

736 Jony Trading Corporation Corporate Initial Rating - BBB3(Lr) ST-3 - 12-Apr-15

737 Joty Plastic Company Corporate Surveillance - BBB1(Lr) - - 28-Dec-15

738 Joy Electronics SME Initial Rating CRAB-SE 5 - - 29-Sep-15

739 Joy Flour Mills Corporate Initial Rating - BBB3(Lr) - - 30-Mar-15

740 Joy Jute Mills Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

741 Joypara Lungi Corporate Initial Rating - BBB3(Lr) ST-3 - 28-Jan-15

742 Jubilee Footwear (Pvt) Ltd. SME Initial Rating CRAB-SE 3 - - 17-Nov-15

743 Jubilee Shoe Center SME Initial Rating CRAB-SE 3 - - 17-Nov-15

744 Julfikar Fashion's Ltd. Corporate Surveillance - - ST-4 - 23-Dec-15

745 Jute Thread & Accessories Factory Corporate Initial Rating - BBB3(Lr) ST-3 - 28-Apr-15

746 Juvenile Construction Corporate Surveillance - - ST-3 - 29-Sep-15

747 Juvenile Trade Int’l Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 29-Sep-15

748 K D A Motors SME Initial Rating CRAB-SE 4 - - 25-Jun-15

749 K H International SME Initial Rating CRAB-SE 4 - - 25-Jun-15

750 K M Trading Corporate Surveillance - - ST-4 - 29-Jun-15

751 Kabir Construction Corporate Initial Rating - BB1(Lr) ST-3 - 15-Mar-15

752 Kajal Traders Corporate Surveillance - - ST-3 - 12-Jun-15

753 Kallandi Textile Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

754 Kamal Iron Mart SME Surveillance CRAB-SE 4 - - 29-Sep-15

755 Kamal Kanti Sen Corporate Initial Rating - BB1(Lr) - - 4-Feb-15

756 Kamal Motors Corporate Initial Rating - BB1(Lr) - - 25-Nov-15

757 Kamrul Hasan Chowdhury SME Initial Rating CRAB-SE 4 - - 14-Dec-15

758 Kanchan Tailors & Cloth Store SME Initial Rating CRAB-SE 4 - - 24-Sep-15

759 Kangaroo Foot Wear Inds. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Sep-15

760 Karib Auto Ltd. SME Initial Rating CRAB-SE 4 - - 17-Nov-15

761 Karim Spinning Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

762 Karim Textiles Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

763 Karotoa Spinning Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Dec-14

764 Karotoa Tea Associate Corporate Initial Rating BBB3 - ST-3 Stable 12-Mar-15

765 Kashem Properties & Development Ltd. Corporate Initial Rating - BB2(Lr) - - 22-Apr-15

766 Kashful Textile Corporate Initial Rating - BB3(Lr) ST-4 - 5-Nov-15

767 Kashipur Boil Salt Washing Factory Corporate Initial Rating - BB2(Lr) - - 30-Mar-15

768 Kattoli Textiles Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 29-Jun-15

769 Kausar Hamid Textile SME Initial Rating CRAB-SE 3 - - 22-Oct-15


18




770 Kazi Arfanur Rahman SME Surveillance CRAB-SE 4 - - 8-Dec-15

771 Kazi Enterprise SME Initial Rating CRAB-SE 5 - - 22-Oct-15

772 Kazi Md. Shoyeb Corporate Surveillance - B3(Lr) ST-5 - 29-Jun-15

773 Kazi Rice Mill Corporate Initial Rating - BB2(Lr) - - 29-Jun-15

774 Kazipur Fashions Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

775 Kemiko Pharmaceuticals Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 18-Jun-15

776 Kento Asia Ltd. Corporate Initial Rating BB2 BB2(Lr) ST-1,ST-4 Stable 23-Apr-15

777 Khaja Polythine Mart SME Initial Rating CRAB-SE 4 - - 8-Dec-15

778 Khalek Iron Store SME Initial Rating CRAB-SE 3 - - 29-Oct-15

779 Khan & Sons Corporate Surveillance - BB1(Lr) ST-4 - 14-Nov-15

780 Khan & Sons Auto Rice Mill Corporate Surveillance - BB2(Lr) ST-4 - 12-Jun-15

781 Khan Auto Rice Mill Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 14-Nov-15

782 Khan Brothers SME Surveillance CRAB-SE 4 - - 31-May-15

783 Khan Brothers Corporate Surveillance - BBB3(Lr) - - 31-May-15

784 Khan Complex Corporate Surveillance - BB2(Lr) - - 31-May-15

785 Khan Enterprise SME Initial Rating CRAB-SE 4 - - 15-Dec-15

786 Khan Traders SME Initial Rating CRAB-ME 4 - - 19-Dec-15

787 Khandaker Store SME Surveillance CRAB-SE 3 - - 23-Dec-15

788 Khandoker Brothers Corporate Initial Rating - BBB2(Lr) ST-3 - 15-Dec-15

789 Khandoker Enterprise Corporate Initial Rating - BBB2(Lr) ST-3 - 15-Dec-15

790 Khaza Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Aug-15

791 Khaza Flour Mill & Food Products Corporate Initial Rating - BB1(Lr) ST-4 - 25-Jun-15

792 Khaza Trading SME Initial Rating CRAB-SE 4 - - 22-Oct-15

793 Khondaker Enterprise SME Initial Rating CRAB-ME 3 - - 30-Aug-15

794 Khondker Fashion Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 22-Jul-15

795 Khoshroz Kitab Mahal Corporate Initial Rating - BBB1(Lr) - - 26-Mar-15

796 Khulna Trading Corporate Surveillance - BB1(Lr) ST-3 - 29-Sep-15

797 KHWAJA Enterprise (IBBL) Corporate Surveillance - - ST-3 - 10-Jul-15

798 Kibria Agro Industries Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-15

799 Kibria Traders Corporate Surveillance - BBB3(Lr) ST-3 - 18-Feb-15

800 Knit & Knittex (Pvt) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

801 Knit City Ltd. Corporate Initial Rating - - ST-3 - 30-Dec-15

802 Knit Concept Ltd. Corporate Surveillance BB3 BB3(Lr) ST-3 Stable 30-Sep-15

803 Knit Plus Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 31-Dec-14

804 Knit World Ltd. Corporate Initial Rating - BB2(Lr) - - 7-Jul-15

805 Knittex Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

806 Kohinoor Textile SME Initial Rating CRAB-SE 4 - - 29-Oct-15

807 Krishan Auto Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 21-Dec-15

808 Krishan Enterprise Corporate Surveillance - BBB3(Lr) ST-3 - 21-Dec-15

809 Kron Sweater Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 14-Dec-15

810 L M Trading House SME Initial Rating CRAB-ME 4 - - 14-Dec-15

811 Laila Food Products Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 31-Mar-15

812 Lakdhanavi Bangla Power Ltd. Corporate Initial Rating A3(Pr) - - - 13-Feb-15


19




813 Lal Mia & Co SME Initial Rating CRAB-ME 4 - - 30-Jun-15

814 Lamesa Chemical SME Initial Rating CRAB-ME 4 - - 28-Apr-15

815 Lantus Holdings Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

816 Latif Knitting Mills Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable 21-May-15

817 Laxmi Vander Corporate Initial Rating - BBB3(Lr) - - 29-Jun-15

818 Legend Holdings Corporate Surveillance - BB1(Lr) ST-4 - 30-Mar-15

819 Leisure Bangladesh Ltd. Corporate Surveillance - BB3(Lr) - - 14-Jun-15

820 Les Pulls D'Alex Ltd. Corporate Surveillance B3 B3 (Lr) ST-5 Negative 30-Jun-15

821 Libra Infusions Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 11-Jun-15

822 Limb Associates SME Initial Rating CRAB-SE 4 - - 24-Sep-15

823 Lira Industries Enterprise Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 28-May-15

824 Lira Polymer Industries Corporate Initial Rating - BBB2(Lr) ST-3 - 28-May-15

825 Liz Fashion Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-2 Stable 15-Dec-15

826 Liza Garments Corporate Surveillance - BB1(Lr) ST-3 - 15-Dec-15

827 Liza Timber & Hardware Corporate Initial Rating - BB2(Lr) - - 5-Nov-15

828 Lodestar Fashions Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 28-Dec-15

829 Lodestar Packaging Ltd. SME Surveillance CRAB-ME 4 - - 28-Dec-15

830 Logistics Management Services Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

831 Loknath Flour & Foods Industries SME Initial Rating CRAB-ME 4 - - 23-Dec-15

832 Lovely Food Industries (Pvt) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

833 Lub House Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 15-Jan-15

834 Lub-rref (Bangladesh) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-5 Stable 15-Mar-15

835 Lucky & Aukhy Traders Corporate Initial Rating - BB1(Lr) ST-3 - 19-Mar-15

836 Lucky Star Apparels Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

837 Lunar International Corporate Initial Rating - BB2(Lr) - - 22-Apr-15

838 M A Zig-Zag Bricks Manufacture Corporate Initial Rating - BB2(Lr) - - 29-Oct-15

839 M Ali Textile Corporate Surveillance - BBB2(Lr) ST-3 - 1-Dec-15

840 M Aziz Enterprise SME Initial Rating CRAB-ME 3 - - 7-May-15

841 M B M Bricks Corporate Initial Rating - BB3(Lr) - - 21-May-15

842 M B M-2 Bricks Corporate Initial Rating - BB2(Lr) - - 21-May-15

843 M E Z Bricks SME Initial Rating CRAB-SE 4 - - 19-Dec-15

844 M G Trading Co. SME Initial Rating CRAB-SE 4 - - 30-Mar-15

845 M I Cement Factory Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 15-Dec-15

846 M K Enterprise Corporate Surveillance - - ST-3 - 5-Mar-15

847 M M Enterprise Corporate Initial Rating - BB1(Lr) ST-4 - 31-Jan-15

848 M M Ispahani Ltd. Corporate Surveillance AA1 - ST-1 Stable 30-Jun-15

849 M M Trading Corporate Surveillance - - ST-4 - 15-Jul-15

850 M N Fishing Ltd. Corporate Surveillance BB1(Pr) BB1(Lr) - - 15-Jan-15

851 M N Huda Construction Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Sep-15

852 M N International SME Initial Rating CRAB-ME 4 - - 28-Apr-15

853 M N Traders SME Surveillance CRAB-SE 4 - - 2-May-15

854 M R Brothers Corporate Surveillance - A3(Lr) - - 30-Dec-15

855 M R Packaging Industries Corporate Initial Rating - BBB3(Lr) ST-3 - 28-May-15


20




856 M R Rice & Flour Mill Corporate Surveillance - - ST-3 - 30-Nov-15

857 M Rahman Steel Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 19-Mar-15

858 M S Attires Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 6-Nov-15

859 M S S Bricks Manufacturing Co. Corporate Initial Rating - - ST-4 - 22-Oct-15

860 M/S Monirul Islam (Bachhu) SME Initial Rating CRAB-SE 4 - - 24-Sep-15

861 M/s Shadow Corporate Surveillance - BB1(Lr) ST-3 - 3-Apr-15

862 M/s Shaodagor Corporate Initial Rating - - ST-3 - 28-May-15

863 M/S Shyam Sundor Agarwala SME Initial Rating CRAB-SE 4 - - 13-Aug-15

864 M/S Tazul Islam Corporate Surveillance - BB3(Lr) ST-4 - 30-Jul-15

865 M/S Zillur Rahman Corporate Initial Rating - BBB3(Lr) ST-3 - 13-Aug-15

866 M/S. Muhibur Rahman Corporate Surveillance - - ST-3 - 30-Nov-15

867 Maa Bhandary Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 30-Nov-15

868 Maa Steel Technology SME Initial Rating CRAB-SE 4 - - 4-Jun-15

869 Madina Auto Rice Mill Corporate Initial Rating - BB2(Lr) - - 21-May-15

870 Madina Cement Indusries Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 15-May-15

871 Madina Cement Industries Ltd. Corporate Surveillance A1 A1 (Lr) ST-3 Stable 31-Dec-15

872 Madina Oxyzen & Steel Ltd. Corporate Surveillance - BB3(Lr) - - 11-Nov-15

873 Madina Poly Fibre Ltd. Corporate Initial Rating - A3(Lr) ST-3 - 17-Nov-15

874 Madina Store & Sister Concern SME Initial Rating CRAB-ME 3 - - 2-Dec-15

875 MAF Newsprint Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 20-Mar-15

876 MAF Shoes Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 6-Jun-15

877 Magnum Marketing Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

878 Magnum Steel Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-15

879 Mahboob Apparels Ltd. Corporate Initial Rating BB1 - ST-3 Stable 30-Mar-15

880 Maheen Enterprise Corporate Surveillance - BB1(Lr) ST-5 - 15-Dec-15

881 Mahek Enterprise Corporate Surveillance - BBB3(Lr) - - 29-Dec-15

882 Mahfuz & Brothers Corporate Surveillance - BBB3(Lr) ST-3 - 30-Mar-15

883 Mahmud Fish Traders Corporate Surveillance - BBB3(Lr) ST-4 - 30-Mar-15

884 Mahmudul Haque SME Initial Rating CRAB-SE 4 - - 10-May-15

885 Maisa Dal & Oil Mills Corporate Initial Rating - BBB3(Lr) - - 20-Aug-15

886 MAK Corporation Corporate Surveillance - - ST-4 - 30-Mar-15

887 Makka Paper & Board Mills Ltd. Corporate Surveillance - A3(Lr) ST-3 - 20-Nov-15

888 Mam Auto Rice Mill Corporate Initial Rating - BBB3(Lr) - - 19-Mar-15

889 Mamtaz Traders SME Initial Rating CRAB-SE 4 - - 29-Oct-15

890 Mamun Machineries Store Corporate Surveillance - - ST-4 - 30-Jun-15

891 Mamun PVC Factory Corporate Surveillance - BB3(Lr) ST-4 - 23-Sep-15

892 MAN Enterprise SME Initial Rating CRAB-ME 4 - - 22-Oct-15

893 Manvil Styles Ltd. Corporate Surveillance - B1(Lr) ST-5 - 29-Dec-15

894 Maps Steel Corporation Corporate Surveillance - B2(Lr) ST-5 - 30-Apr-15

895 Marco Unani Pharma Corporate Initial Rating - BBB3(Lr) - - 11-Jun-15

896 Marine Explorer Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 30-Mar-15

897 Marshal Agrovet Chemical Industries Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 17-Dec-15

898 Mashal Al Tamiz Trading Corporate Initial Rating - BB1(Lr) - - 14-Dec-15


21




899 Masihata Sweaters Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Sep-15

900 Master Electronics SME Initial Rating CRAB-SE 4 - - 29-Sep-15

901 Master Nayan Oil Mill & Chaul Kall SME Initial Rating CRAB-SE 4 - - 14-Dec-15

902 Master Simex Paper Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jun-15

903 Masu & Sons SME Initial Rating CRAB-SE 4 - - 17-Nov-15

904 Masud & Brothers Corporate Surveillance - A3(Lr) ST-1, ST-3 - 15-Dec-15

905 Matador Ball Pen Industries Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Nov-15

906 Matex Bangladesh Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable 31-Dec-15

907 Matrix Styles Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-15

908 Max Automobile SME Initial Rating CRAB-SE 4 - - 30-Jun-15

909 Max Automobile Products Ltd. Corporate Surveillance A1 A1(Lr) ST-1, ST-2 Stable 15-Jan-15

910 Mayer Doa Matsho Khamar Corporate Surveillance - BB1(Lr) - - 5-Dec-15

911 Mayer Doya Traders Corporate Initial Rating - BB2(Lr) - - 30-Sep-15

912 Mazidsons Construction Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 12-Apr-15

913 MBM Garments Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 31-Mar-15

914 Md Habibur Rahman SME Initial Rating CRAB-ME 4 - - 28-Apr-15

915 Md Rezaul Karim Corporate Surveillance - - ST-3 - 14-Dec-15

916 Md Sirajul Islam Corporate Surveillance - BB3(Lr) ST-4 - 29-Jun-15

917 Md. Jamilur Rahman Khan SME Initial Rating CRAB-SE 3 - - 19-Dec-15

918 Md. Shahidul Islam SME Initial Rating CRAB-SE 4 - - 14-Dec-15

919 MEB Industrial Complex Ltd. Corporate Surveillance - B2(Lr) ST-5 - 30-Dec-15

920 Mecca Multilayer Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-4 Stable 30-Jun-15

921 Medha Construction & Developers Ltd. Corporate Initial Rating - BB1(Lr) - - 28-Jan-15

922 Media Electronics Industries Ltd. Corporate Surveillance BB2 BB2(Lr) ST-3 Stable 14-Nov-15

923 Medinova Medical Services Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 19-Jun-15

924 Meek Knit Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Jun-15

925 Meem Trade International Corporate Surveillance - B1(Lr) ST-5 - 28-Dec-15

926 Mega Lubricants Bangladesh Corporate Initial Rating - BB3(Lr) ST-4 - 28-Jan-15

927 Mega Yarn Dyeing Mills Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 19-Dec-15

928 Meghna Cement Mills Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

929 Meghna Food Industries Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

930 Meghna Knit Composite Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 27-Feb-15

931 Meghna Traders Corporate Initial Rating - BBB2(Lr) - - 2-Mar-15

932 Mehnaz Styles & Craft Ltd. Corporate Initial Rating - - ST-3 - 18-Feb-15

933 Mellow Fashion Ltd. SME Initial Rating CRAB-SE 4 - - 2-Dec-15

934 Men's Fashion Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Jun-15

935 Merlin Knitwear Limited Corporate Surveillance - BB1(Lr) ST-1,ST-3 - 30-Jun-15

936 Mesh Export House (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-15

937 Metro Spinning Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 31-Dec-14

938 Metrocem Cement Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 31-Dec-14

939 Miami Roto Film Ltd. Corporate Initial Rating - BB1(Lr) - - 11-Nov-15

940 MID Asia Fashion Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 28-Dec-15

941 Milan Cold Storage Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15


22




942 Milon Metal & Engineering Works SME Initial Rating CRAB-ME 3 - - 29-Sep-15

943 MIM Design Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 10-May-15

944 Mim Enterprise SME Initial Rating CRAB-ME 3 - - 29-Jun-15

945 MIM Sweaters Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 10-May-15

946 Mim Traders SME Initial Rating CRAB-SE 4 - - 14-Dec-15

947 Minar Auto Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 13-Mar-15

948 Minto Sons SME Initial Rating CRAB-SE 3 - - 5-Nov-15

949 Mir Iron & Steel Corporation Corporate Initial Rating - BBB2(Lr) - - 21-May-15

950 Mirza Auto Rice Mills Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 26-Dec-15

951 Mirza Jute Mills Ltd. Corporate Surveillance - BB2(Lr) - - 26-Dec-15

952 Mirza Woven Bag (Pvt.) Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 26-Dec-15

953 Mishuk Textiles Corporate Initial Rating - BB3(Lr) - - 19-Mar-15

954 Miskat Sharee Center SME Initial Rating CRAB-SE 4 - - 8-Dec-15

955 Mita Apparels (Pvt) Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 18-Jun-15

956 Mitali Stone Pvt. Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 23-Oct-15

957 Mithela Textile Industry Corporate Surveillance - BB2(Lr) ST-3 - 20-Sep-15

958 Mithu Carpets Corporate Surveillance - BBB3(Lr) ST-3 - 23-Dec-15

959 Mitu Fruit International Corporate Surveillance - - ST-3 - 21-Dec-15

960 MM Enterprise Corporate Initial Rating - BB2(Lr) ST-4 - 15-Dec-15

961 MM Ship Breaking Industries Corporate Surveillance - - ST-1, ST-4 - 30-Jun-15

962 Mobarak & Brothers Corporate Initial Rating - BB2(Lr) ST-4 - 12-Mar-15

963 Mobile Plus SME Initial Rating CRAB-ME 3 - - 29-Sep-15

964 Modern Poly Industries Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 20-Nov-15

965 Modern Steel Mills Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable 31-Mar-15

966 Modhuban Bread & Biscuits Ind. (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

967 Modiste (Bangladesh) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

968 Modiste (CEPZ) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

969 Mofa Fish Processing (Pvt) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 15-Dec-15

970 Mofiz Auto Rice Mill Corporate Surveillance - - ST-3 - 5-Dec-15

971 Mofizuddin Automatic Rice Mill Corporate Initial Rating - BBB3(Lr) - - 2-Mar-15

972 Mohammadi Electric Wires & Multi Products Ltd. Corporate Surveillance - BBB3(Lr) ST-1, ST-3 - 19-Mar-15

973 Mohammadia Complex SME Initial Rating CRAB-ME 4 - - 30-Aug-15

974 Mohammed Sons Corporate Surveillance - - ST-3 - 5-Jun-15

975 Mohanagar Steel Corporation SME Initial Rating CRAB-SE 3 - - 29-Dec-15

976 Mohara Asian Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Sep-15

977 Mohatab Engineering Works SME Initial Rating CRAB-SE 4 - - 29-Sep-15

978 Mohiuddin & Brothers SME Initial Rating CRAB-SE 5 - - 15-Dec-15

979 Mohona Enterprise SME Initial Rating CRAB-ME 3 - - 30-Mar-15

980 Mohoshin Traders SME Initial Rating CRAB-SE 4 - - 18-Oct-15

981 Mohsin Ahmed Chowdhury SME Initial Rating CRAB-SE 4 - - 28-May-15

982 Molla & Sons Corporate Surveillance - - ST-3 - 19-Sep-15

983 Molla Trading Corporation Corporate Initial Rating - BBB3(Lr) ST-3 - 18-Feb-15

984 Mollah & Sons SME Initial Rating CRAB-SE 3 - - 24-Sep-15


23




985 Mollah Glass House Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

986 Momin Spinning Mills Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-15

987 Momin Textile Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-15

988 Momtaj Enterprise Corporate Initial Rating - BB1(Lr) ST-3 - 21-May-15

989 Momtaz Uddin & Brothers SME Initial Rating CRAB-ME 3 - - 28-Apr-15

990 Mona Food Industries Corporate Surveillance - BBB1(Lr) ST-3 - 27-Sep-15

991 Mona Wire Industry Corporate Surveillance - BBB3(Lr) ST-3 - 5-Jun-15

992 Mondol Auto Rice Mill & Food Ind. Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 5-Mar-15

993 Mongla Engineering & Ship Repairs Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Dec-14

994 Monica Button & Garments Accessories (Pvt.) Ltd. . Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

995 Monna General Store SME Initial Rating CRAB-SE 3 - - 21-May-15

996 Monowara Traders & Industries Corporate Surveillance - BB1(Lr) - - 30-Dec-15

997 Monowara Trading SME Initial Rating CRAB-ME 4 - - 29-Oct-15

998 Mony Traders SME Initial Rating CRAB-SE 4 - - 25-Nov-15

999 Moon Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

1000 Moon Enterprise SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1001 Moon Hardware Corporate Initial Rating - BB1(Lr) ST-3 - 31-Mar-15

1002 Moon Knitwear & Composite Dyeing Corporate Surveillance - B2(Lr) ST-5 - 7-Jul-15

1003 Moon Light Pharmaceuticals SME Initial Rating CRAB-ME 4 - - 20-Aug-15

1004 Moon Steel SME Initial Rating - - - - 8-Dec-15

1005 Mosharaf Chaul Kal SME Initial Rating CRAB-SE 4 - - 18-Jun-15

1006 Mostafa Paper Complex Ltd. Corporate Initial Rating BBB2 - ST-3 Stable 18-Feb-15

1007 Motaleb Monowara Composite (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

1008 Mother Steel Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 30-Nov-15

1009 Mouchak Knit Composite Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 30-Mar-15

1010 Mouren Enterprise Corporate Surveillance - B1(Lr) ST-5 - 11-Dec-15

1011 Moyeenuddin Bashi Corporate Surveillance - BB2(Lr) ST-4 - 17-May-15

1012 Mozammel & Brothers Corporate Surveillance - - ST-3 - 13-Mar-15

1013 Mridah Traders SME Initial Rating CRAB-SE 4 - - 15-Dec-15

1014 MRM International Corporate Initial Rating - BB1(Lr) ST-4 - 10-Sep-15

1015 MSA Spinning Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

1016 Muksood Ahmed Corporate Surveillance - BB3(Lr) ST-4 - 29-Sep-15

1017 Mukta Enterprise SME Initial Rating CRAB-SE 4 - - 12-Jun-15

1018 Mukta Store Corporate Surveillance - BBB3(Lr) - - 29-Jun-15

1019 Mukter General Store SME Surveillance CRAB-ME 3 - - 5-Jun-15

1020 Multi Safh Bags Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

1021 Multi Trade Enterprise Ltd. Corporate Surveillance - A3(Lr) ST-3 - 30-Dec-15

1022 Multiplan Limited Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 30-Dec-15

1023 Munhata Navigation Ltd. SME Initial Rating CRAB-ME 4 - - 23-Dec-15

1024 Munshigonj Fiber & Agro Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

1025 Muntahin Traders SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1026 Muslim Garments Corporate Surveillance - BB3(Lr) ST-4 - 15-Dec-15

1027 Mutual Properties Ltd. Corporate Initial Rating BB2 - ST-4 Stable 31-Mar-15


24




1028 MZM (CEPZ) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 18-Oct-15

1029 N A Re-Rolling Mills Ltd. SME Initial Rating CRAB-ME 4 - - 20-Aug-15

1030 N H Enterprise Corporate Initial Rating - - ST-4 - 30-May-15

1031 N Islam Steel Corporate Surveillance - BB3(Lr) - - 30-Sep-15

1032 N N Enterprise Corporate Surveillance - - ST-4 - 30-Dec-15

1033 N R Amin Trading Corporate Surveillance - BBB3(Lr) ST-4 - 17-Dec-15

1034 N R Traders SME Initial Rating CRAB-SE 4 - - 21-May-15

1035 N S Car Traders Corporate Initial Rating - BB2(Lr) - - 28-May-15

1036 Naboti Industries (Pvt.) Ltd. SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1037 Nadibangla Textile Mills Ltd. SME Initial Rating CRAB-ME 3 - - 13-Jul-15

1038 Nafi Matsha Khamar SME Initial Rating CRAB-SE 4 - - 17-Sep-15

1039 Nafisa Apparels Ltd. Corporate Surveillance BBB3 BBB3(Lr) - Stable 15-Dec-15

1040 Nagri SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1041 Nahar Trading Corporation Ltd. Corporate Surveillance - B2(Lr) ST-5 - 30-Jun-15

1042 Nahid Motors Corporate Surveillance - - ST-3 - 28-Nov-15

1043 Nahid Plastic (BD) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jul-15

1044 Nannu Spinning Mills Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 12-Sep-15

1045 Nannu Textile Mills Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 25-Sep-15

1046 Nar Sweaters Ltd. Corporate Surveillance - - ST-3 - 11-Nov-15

1047 Narshingdhi Sizing & Fishing Mills Corporate Initial Rating - BB1(Lr) - - 28-Jan-15

1048 Naser Enterprise SME Initial Rating CRAB-SE 3 - - 5-Jun-15

1049 Nasir & Co. Corporate Surveillance - - ST-3 - 20-Jun-15

1050 Nasir Printing & Packages Corporate Initial Rating - BB1(Lr) - - 11-Jun-15

1051 Nasir Textile SME Surveillance - - - - 4-Sep-15

1052 NASSA Design & Development Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

1053 NASSA Holdings Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

1054 National Auto Rice Mill Corporate Surveillance - BBB2(Lr) ST-3 - 5-Dec-15

1055 Natore Jute Mills SME Initial Rating CRAB-ME 4 - - 30-Jun-15

1056 Navana CNG Ltd. Corporate Initial Rating AA3 AA3 (Lr) ST-1, ST-3 Stable 30-Sep-15

1057 Navana Limited Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 31-Jan-15

1058 Navana Poly Packaging Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

1059 Navana Real Estate Limited Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 28-Feb-15

1060 Nayna Flour Mills Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

1061 Nayna Flour Mills-3 Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

1062 NAZ Bangladesh Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Positive 30-Nov-15

1063 Nazrul & Brothers Corporate Initial Rating - BB2(Lr) - - 4-Feb-15

1064 Nazrul Enterprise SME Initial Rating CRAB-ME 4 - - 20-Aug-15

1065 NDR Corporation Corporate Surveillance - BB1(Lr) - - 11-May-15

1066 Needle Work Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Jun-15

1067 Neo Zipper Company Ltd. Corporate Surveillance A1 A1 (Lr) ST-2 Positive 30-Jun-15

1068 Neptune Packaging Industries (Pvt) Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 2-Mar-15

1069 New Amin Jewellers Corporate Surveillance - BBB2(Lr) - - 22-Oct-15

1070 New Auto Galaxy Corporate Surveillance - - ST-3 - 21-Dec-15


25




1071 New Bikrampur Hosiery Corporate Initial Rating - BB1(Lr) - - 21-May-15

1072 New Bismillah Banijjalaya SME Initial Rating CRAB-SE 4 - - 24-Sep-15

1073 New Bogdad Rice Mill Corporate Surveillance - BB2(Lr) ST-4 - 30-Jun-15

1074 New Generation Fashion Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 20-Nov-15

1075 New Generation Trading Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Sep-15

1076 New Mahi Bricks Corporate Initial Rating - BBB3(Lr) - - 12-Mar-15

1077 New Prince Food Products SME Initial Rating CRAB-ME 3 - - 10-Sep-15

1078 New Progati Traders Corporate Surveillance - BB2(Lr) - - 23-Dec-15

1079 New Sawdagar Pharmacy Corporate Surveillance - BBB3(Lr) - - 29-Sep-15

1080 Newaz Farming Complex Corporate Initial Rating - BBB3(Lr) - - 4-Feb-15

1081 Newtex Knit Fashions Ltd. Corporate Surveillance BBB3 BBB2(Lr), A1(Lr) ST-3 Stable 30-Dec-15

1082 Next Accessories Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 28-May-15

1083 Next Step Corporate Initial Rating - BBB3(Lr) ST-3 - 18-Jun-15

1084 Nextgen Style Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Jun-15

1085 Nexus Trade Centre Corporate Surveillance - - ST-4 - 28-Feb-15

1086 Nezam Uddin & Brothers Corporate Surveillance - BB1(Lr) ST-1 - 13-Nov-15

1087 Nikhil Alongkar SME Surveillance CRAB-SE 4 - - 29-Aug-15

1088 Nila & Sons Corporate Initial Rating - BB2(Lr) - - 5-Jun-15

1089 Nilima Traders SME Initial Rating CRAB-SE 3 - - 28-Apr-15

1090 Niloy Knitwear Corporate Initial Rating - - ST-4 - 30-Jun-15

1091 Nilufa Automatic Rice Mill Corporate Surveillance - BBB3(Lr) - - 20-Jun-15

1092 Nina Holdings Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 31-Dec-14

1093 Nipa Oil & Flour Mill. Corporate Surveillance - - ST-3 - 5-Feb-15

1094 Niribili Fisheries Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Negative 29-Jun-15

1095 Niribili Poultry & Livestock Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 31-May-15

1096 Niribili Trading Corporate Surveillance - - ST-4 - 15-Jul-15

1097 Nirmal Traders SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1098 Nirman Enterprise Corporate Surveillance - BB2(Lr) ST-4 - 27-Sep-15

1099 Nisha Automobiles SME Initial Rating CRAB-SE 4 - - 29-Jun-15

1100 Nitya Gopal Shaha SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1101 Nizam Enterprise Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

1102 Nizamia Trade International Corporate Surveillance - BB1(Lr) ST-4 - 11-Oct-15

1103 NMS Knit Fabrics Ltd. Corporate Initial Rating - BB2(Lr) - - 24-Sep-15

1104 Noboudoy Housing Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable 12-Sep-15

1105 Noman Home Textile Mills Ltd. Corporate Initial Rating AA3 AA3 (Lr) ST-3 Stable 29-Jun-15

1106 Noman Spinning Mills Ltd. Corporate Initial Rating A2 A2 (Lr) ST-3 Stable 29-Jun-15

1107 Noman Terry Towel Mills Ltd. Corporate Initial Rating A3 A3 (Lr) ST-3 Stable 31-Aug-15

1108 Noman Textiles Mills Ltd. Corporate Initial Rating AA3 AA3 (Lr) ST-3 Stable 29-Jun-15

1109 Noor Alam EXIM Industries Ltd. Corporate Surveillance - B1(Lr) ST-5 - 26-Dec-15

1110 Noor Hossain Corporate Surveillance - BBB3(Lr) ST-3 - 15-Dec-15

1111 North Bengal Grain Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 1-Aug-15

1112 North East Medical (Pvt) Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

1113 North’s Egg Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jan-15


26




1114 Novo Com Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable 19-Dec-15

1115 Novo Corporation SME Initial Rating CRAB-ME 4 - - 13-Aug-15

1116 Novo Tel Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable 19-Dec-15

1117 Nowapara Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

1118 Nowapara Packaging Industries Ltd. SME Initial Rating CRAB-ME 4/BB3 - - 5-Apr-15

1119 Nur Trading SME Initial Rating CRAB-SE 3 - - 17-Nov-15

1120 Nurani Himagar Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 - 25-Nov-15

1121 Nuruddin Enterprise Corporate Surveillance - BB1(Lr) ST-3 - 23-Sep-15

1122 Nurul Huda & Brothers Corporate Initial Rating - BB2(Lr) - - 2-Mar-15

1123 Nurul Huda Filling Station Corporate Surveillance - BBB3(Lr) - - 10-May-15

1124 Nusrat Builders Corporate Initial Rating - BB1(Lr) ST-4 - 18-Oct-15

1125 Nusrat Trading Corporate Surveillance - - ST-4 - 17-Oct-15

1126 Ocean Apparels Corporate Surveillance - BB1(Lr) ST-4 - 20-Jun-15

1127 OK Enterprise Pvt. Ltd. SME Surveillance CRAB-ME 4 - - 28-Dec-15

1128 OK Properties Ltd. SME Surveillance CRAB-ME 4 - - 28-Dec-15

1129 Oli Traders SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1130 Olympic Accessories Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 31-Jan-15

1131 Olympic Cement Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Positive 30-Jun-15

1132 Olympic Travels (BD) Ltd. SME Initial Rating CRAB-SE 4 - - 10-May-15

1133 Oneway Textile Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 18-Jun-15

1134 Ope Properties Ltd. Corporate Surveillance B2 - ST-5 Stable 30-Mar-15

1135 Orchid Gallery SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1136 Orchid Sweater Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

1137 Organic Auto Bricks Fields Ltd. SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1138 Orient Export Import Co. Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 29-Dec-15

1139 Oriental Oil Company Ltd. Corporate Surveillance B2 B2(Lr) ST-5 Negative 28-Dec-15

1140 Orion Pharmaceuticals Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 30-Jun-15

1141 Orion Power Dhaka Ltd. Corporate Initial Rating - BBB1(Lr) - - 13-Feb-15

1142 Orion Power Meghnaghat Ltd. / IEL Corporate Surveillance A1 A1(Lr) - Stable 30-Jun-15

1143 Orlance Shipping & Trading Agency SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1144 Osanian Style & Fashion Wear Corporate Surveillance - BB2(Lr) ST-4 - 30-Dec-15

1145 Osmanli Trade Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

1146 Ovee Enterprise & Sister Concern Corporate Initial Rating - BBB3(Lr) - - 2-Mar-15

1147 Pabna Knit Design Ltd. Corporate Initial Rating - - ST-3 - 28-Jan-15

1148 Packmart Industries Ltd. Corporate Surveillance AA2 AA2(Lr) ST-3 Stable 31-Dec-14

1149 Padma Cold Storage (Pvt.) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 31-Mar-15

1150 Padma Industries Ltd. SME Initial Rating CRAB-ME 4 - - 30-Aug-15

1151 Padma Traders Corporate Surveillance - BBB2(Lr) ST-3 - 28-Feb-15

1152 Padma Travels Ltd. SME Initial Rating CRAB-SE 4 - - 21-May-15

1153 Pailac Chemicals Company Corporate Surveillance - A3(Lr) ST-3 - 25-Sep-15

1154 Palash Tex & Fabric Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 30-Dec-15

1155 Palash Timber Saw Mill & Furniture Corporate Initial Rating - BB1(Lr) - - 18-Oct-15

1156 Pan Mark Apparels (Pvt.) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Sep-15


27




1157 Panasia Clothing Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 31-Mar-15

1158 Panasia Sweaters Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 31-Mar-15

1159 Pangsha Fisheries Ltd. SME Initial Rating CRAB-SE 4 - - 17-Sep-15

1160 Panorama Apparels Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

1161 Panorama Washing Co. Ltd. Corporate Initial Rating - BBB3(Lr) - - 8-Dec-15

1162 Papri Traders Corporate Surveillance - BBB3(Lr) ST-1, ST-4 - 29-Jun-15

1163 Paramount Apparels Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-15

1164 Paramount Trading SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1165 Parity Garments (Pvt) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

1166 Partex Furniture Industries Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

1167 Partex Laminates Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

1168 Parul Enterprise Corporate Surveillance - - ST-4 - 29-Sep-15

1169 Patenga Packaging & Accessories Inds. Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 13-Aug-15

1170 Pavel Enterprise SME Initial Rating CRAB-SE 4 - - 30-Mar-15

1171 Pearl Garments Company Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 29-Dec-15

1172 Pearl Prince Apparels Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 19-Sep-15

1173 Pearls & Pouce Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 10-Sep-15

1174 PEB Steel Alliance Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Oct-15

1175 Peoples Poultry & Hatchery Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 25-Jun-15

1176 Pepco Bangladesh Corporate Initial Rating - BB1(Lr) ST-4 - 19-Mar-15

1177 Perfect Fashions Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

1178 Pintu Dutta Corporate Surveillance - - ST-3 - 29-Mar-15

1179 Pintu Motors Corporate Surveillance - BB1(Lr) ST-3 - 29-Mar-15

1180 Pioneer Imaging Systems Ltd. SME Initial Rating CRAB-SE 4 - - 24-Sep-15

1181 Piticon Industries SME Initial Rating CRAB-ME 3 - - 25-Jun-15

1182 Pitstop Foods Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 15-Dec-15

1183 Plan View Consultant & Engineerimg SME Initial Rating CRAB-ME 3 - - 30-Aug-15

1184 Plastic Concern (Pvt) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 31-Jul-15

1185 Podder Chaul Kal Corporate Surveillance - BB1(Lr) - - 29-Sep-15

1186 Polli Feed Industries SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1187 Poly Point Ltd. (SM SME Surveillance CRAB-SE 4 - - 12-Aug-15

1188 Poly Traders Corporate Initial Rating - BB2(Lr) - - 30-Aug-15

1189 Port Land International Corporate Surveillance - BB2(Lr) ST-4 - 15-Dec-15

1190 Port Land International (BD) Ltd Corporate Initial Rating - BB3(Lr) - - 30-Dec-15

1191 Power Trade Building Ltd. SME Surveillance CRAB-SE 5 - - 29-Dec-15

1192 Power Trade Engineering Ltd. Corporate Surveillance - - ST-5 - 15-Dec-15

1193 Pragoti Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Sep-15

1194 Pragoti Poultry & Feeds SME Initial Rating CRAB-ME 3 - - 17-Sep-15

1195 Pratik Apparels Ltd. Corporate Surveillance BB2 BB2(Lr) ST-3 Stable 15-Mar-15

1196 Premier Accessories Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 15-Mar-15

1197 Premier Stone Crusher Corporate Initial Rating - BBB3(Lr) - - 28-Feb-15

1198 Prime Corporation Corporate Surveillance - A3(Lr) ST-3 - 25-Jul-15

1199 Prime Distribution Corporate Initial Rating - BBB1(Lr) - - 20-Aug-15


28




1200 Prime Enterprise Corporate Surveillance - A3(Lr) - - 15-Dec-15

1201 Prince High Design Ltd. Corporate Surveillance - BB3(Lr) ST-1, ST-4 - 30-Dec-15

1202 Printing Mart Ltd. SME Initial Rating CRAB-ME 3 - - 22-Oct-15

1203 Prithela Auto Rice Mills Ltd. Corporate Surveillance - BB3(Lr) - - 29-Jun-15

1204 Priti Enterprise Corporate Initial Rating - BB1(Lr) - - 15-Mar-15

1205 Priyam Garments Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Dec-15

1206 Progati Electronics Corporate Surveillance - BB2(Lr) ST-4 - 29-Mar-15

1207 Progressive Fishing Ltd. Corporate Surveillance BB1(Pr) BB1(Lr) - - 15-Jan-15

1208 Prome Agro Foods Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 28-Dec-15

1209 Purabi Agro Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-15

1210 Purbani Fabrics Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

1211 Purbani Rotor Spinning Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

1212 Purbani Synthetic Spinning Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

1213 Purbani Yarn Dyeing Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

1214 Pushpa Poultry Feed SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1215 Q N Queue Accessories Ltd. Corporate Surveillance - - ST-4 - 31-Jul-15

1216 QNS Container Services Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 14-Nov-15

1217 Quadery Enterprise SME Initial Rating CRAB-SE 4 - - 24-Sep-15

1218 Quantum Corporation Ltd. Corporate Initial Rating - BB3(Lr) - - 18-Feb-15

1219 Quasem Drycells Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 15-Dec-15

1220 Quasem Food Products Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 19-Sep-15

1221 Quasem Zinc Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 4-Dec-15

1222 Quest Accessories (BD) Ltd. Corporate Surveillance - - ST-3 - 31-Jul-15

1223 R K International Corporate Initial Rating - - ST-4 - 28-Jan-15

1224 R K International (CTG) SME Initial Rating CRAB-SE 3 - - 17-Sep-15

1225 R K P Enterprise SME Initial Rating CRAB-SE 4 - - 18-Oct-15

1226 R M Fabitech Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

1227 R M Interlinings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 22-Jan-15

1228 R N Auto Rice Mill Corporate Initial Rating - BBB3(Lr) - - 31-Mar-15

1229 R S Enterprise Corporate Surveillance - - ST-3 - 26-Mar-15

1230 R S Machineries Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-15

1231 Rabab Fashion Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Mar-15

1232 Rabeya Automatic Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 - 19-Sep-15

1233 Radial International Ltd. Corporate Surveillance - A2(Lr) ST-3 - 10-Sep-15

1234 Radiance Fashion Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 10-Sep-15

1235 Radiance Jeans Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 10-Sep-15

1236 Radiance Packaging & Accessories Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 10-Sep-15

1237 Radisson Apparels Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-15

1238 Rafi Computer Corporate Surveillance - - ST-4 - 3-Apr-15

1239 Rafia Paper Converting & Coating Inds. Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 31-Dec-15

1240 Rafid Agro Industries (Pvt.) Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 10-Sep-15

1241 Rafsan Food (Pvt) Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 22-Oct-15

1242 Ragib Chaul Koll SME Initial Rating CRAB-SE 4 - - 18-Jun-15


29




1243 Rahman Jute Mills (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 20-Dec-15

1244 Rahmania Cloth Store SME Surveillance CRAB-SE 4 - - 28-Jun-15

1245 Rahmania Cloth Store Corporate Surveillance - BBB3(Lr) - - 28-Jun-15

1246 Rahmat Traders Corporate Surveillance - - ST-3 - 28-Nov-15

1247 Rahul Flour Mill SME Initial Rating CRAB-ME 3 - - 19-Dec-15

1248 Rahul Oil & Food Product SME Initial Rating CRAB-ME 3 - - 19-Dec-15

1249 Rainbow Associates Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1250 Rainbow Jute Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Dec-15

1251 Rainbow Tailors and Fabrics SME Initial Rating CRAB-SE 4 - - 29-Oct-15

1252 Raisa Fashion Ltd. Corporate Initial Rating - - ST-3 - 30-Mar-15

1253 Raj Steel Corporation Corporate Surveillance - BBB1(Lr) - - 26-Jun-15

1254 Rakib Brothers Corporate Surveillance - - ST-3 - 5-Jun-15

1255 Rakib Enterprise SME Surveillance CRAB-ME 4 - - 29-Dec-15

1256 Rakib Trading Corporate Initial Rating - BB2(Lr) - - 22-Apr-15

1257 Raks Fashion Ltd. Corporate Surveillance BB1 BB1(Lr) - Stable 30-Dec-15

1258 Ramisa Enterprise SME Initial Rating CRAB-SE 4 - - 15-Dec-15

1259 RAMS Builders Ltd. SME Initial Rating CRAB-ME 3 - - 8-Dec-15

1260 Rams Fashion & Embroidery Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

1261 Rana Rice Mill Corporate Surveillance - BB1(Lr) - - 29-Sep-15

1262 Ranjan Agarwala SME Initial Rating CRAB-ME 4 - - 17-Nov-15

1263 Ranks FC Properties Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable 31-Oct-15

1264 Rashid Enterprise Corporate Surveillance - - ST-3 - 14-Mar-15

1265 Rasid Agro Food Products Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable 31-Dec-14

1266 Ratanpur Steel Re-Rolling Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 31-Dec-14

1267 Ratul Collection Corporate Surveillance - BB2(Lr) ST-3 - 30-Jun-15

1268 Rayan Trade International Corporate Surveillance - BB1(Lr) ST-3 - 4-Aug-15

1269 Razzak Brothers Corporate Initial Rating - BBB2(Lr) - - 4-Feb-15

1270 Razzak Motors Corporate Surveillance - - ST-2 - 17-Jun-15

1271 Razzaque Steel House Corporate Surveillance - BB1(Lr) ST-4 - 3-Apr-15

1272 Refat Garments Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 29-Sep-15

1273 Renata Limited – Entity Corporate Surveillance AA1 AA1 (Lr) ST-1 Stable 30-Jun-15

1274 Resource Planning & Management Consultants (Pvt) Ltd.Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-May-15

1275 Reverie Power & Automation Engineering Ltd. SME Initial Rating CRAB-ME 3 - - 29-Oct-15

1276 Reza Cold Storage Ltd. Corporate Surveillance - BB2(Lr) - - 10-May-15

1277 RGR Sweater Ltd. Corporate Initial Rating A3 A3 (Lr) ST-3 Stable 20-Aug-15

1278 RID Plastic & Packaging Industries SME Initial Rating CRAB-ME 3 - - 13-Aug-15

1279 Ridwan Textile Corporate Surveillance - BB1(Lr) ST-3 - 27-Apr-15

1280 Rigs Marketing Corporate Initial Rating - BBB2(Lr) ST-3 - 15-Dec-15

1281 Rim Associates Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 28-May-15

1282 Rinku Rimon Auto Rice Mill Corporate Surveillance - BB2(Lr) - - 29-Jun-15

1283 Ripon Knitwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Positive 29-Jun-15

1284 Ripon Packaging Ind. (Pvt.) Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-15

1285 Rita Chaul Kal Corporate Initial Rating - BB2(Lr) - - 18-Jun-15


30




1286 Riyadh Salt Industries Corporate Surveillance - BB2(Lr) - - 22-Jul-15

1287 Robi Axiata Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-1 Positive 30-Jun-15

1288 Ronok Tiles & Sanitary Mart SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1289 Rony Enterprise Corporate Surveillance - - ST-4 - 29-Jun-15

1290 Rony Plywood Industries Corporate Initial Rating - BB2(Lr) ST-4 - 25-Nov-15

1291 Roto Smart Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1292 Rowa Knitwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable 30-Oct-15

1293 Royal Blue SME Initial Rating CRAB-ME 2 - - 10-Sep-15

1294 Royal Fashions Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 30-Dec-15

1295 Royal Shoes Corporate Surveillance - - ST-3 - 30-Sep-15

1296 RP Animal Health Co. Corporate Initial Rating - - ST-4 - 24-Sep-15

1297 RR Imperial Electricals Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Positive 17-Nov-15

1298 RS & Brothers Corporate Surveillance - - ST-4 - 10-May-15

1299 RS & T International Corporate Surveillance - - ST-3 - 29-Sep-15

1300 Rubaiya Fashion House SME Initial Rating CRAB-SE 3 - - 29-Jun-15

1301 Rubel Dyeing Screen Printing Works (Pvt) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-15

1302 Rubel Enterprise SME Initial Rating CRAB-SE 3 - - 29-Oct-15

1303 Rubel Steel Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 30-Dec-15

1304 Ruby Food Products Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 28-Sep-15

1305 Ruhul Amin Automatic Rice Mill Corporate Surveillance - BB1(Lr) ST-3 - 10-Oct-15

1306 Rumana Auto Rice Mill SME Initial Rating CRAB-SE 4 - - 30-Oct-15

1307 Rumman & Brothers Corporate Surveillance - - ST-4 - 5-Mar-15

1308 Runner Automobiles Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Jun-15

1309 Runner Bricks Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-15

1310 Runner Motors Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Jun-15

1311 Rupali Agencies Corporate Surveillance - BBB3(Lr) ST-3 - 30-Nov-15

1312 Rupali Garments Corporate Surveillance - BB3(Lr) - - 13-Mar-15

1313 Ruslan Corporation Corporate Surveillance - BBB2(Lr) ST-4 - 15-Dec-15

1314 S & A Bay of Bengal Corporate Surveillance - BB2(Lr) - - 10-Dec-15

1315 S & S Poultry Farm Corporate Surveillance - - ST-3 - 31-Jan-15

1316 S A Beverage Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-4 Stable 31-Mar-15

1317 S A Consumer Products Ltd. Corporate Surveillance - BB2(Lr) ST-4 - 31-Mar-15

1318 S A Enterprise SME Initial Rating CRAB-SE 4 - - 10-Sep-15

1319 S A Enterprise SME Initial Rating CRAB-SE 3 - - 22-Oct-15

1320 S A Pulp & Paper Products Ltd. Corporate Surveillance A2 A2 (Lr) ST-4 Stable 31-Mar-15

1321 S A Salt Industries Ltd. Corporate Surveillance BB1 BB1(Lr) ST-5 Stable 31-Mar-15

1322 S Ahmed Trading Corporation Corporate Surveillance - BBB3(Lr) - - 30-Dec-15

1323 S Alam Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1324 S Alam Steel SME Initial Rating CRAB-ME 4 - - 17-Sep-15

1325 S B Poultry & Fish Feed Mill SME Initial Rating CRAB-ME 3 - - 29-Oct-15

1326 S H Enterprise Corporate Initial Rating - BB2(Lr) ST-4 - 10-Sep-15

1327 S H Trading Co. Corporate Surveillance - BB2(Lr) ST-4 - 31-Aug-15

1328 S Islam & Sons SME Initial Rating CRAB-SE 4 - - 22-Jul-15


31




1329 S K Electronics SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1330 S M Trading SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1331 S M Trading Company Corporate Initial Rating - BB3(Lr) ST-4 - 15-Apr-15

1332 S N Corporation Corporate Surveillance - BBB1(Lr) ST-3 - 29-Dec-15

1333 S O Trade Corporate Initial Rating - BB1(Lr) - - 18-Feb-15

1334 S R Bricks Corporate Initial Rating - BB3(Lr) - - 12-Mar-15

1335 S R Hatchery Ltd. SME Initial Rating CRAB-ME 3 - - 25-Nov-15

1336 S R Steel SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1337 S Rahman Machinery & Motor Cycle Agency Corporate Initial Rating - BB1(Lr) - - 4-Feb-15

1338 S S B Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1339 S S B Poultry Complex Corporate Initial Rating - BB1(Lr) ST-4 - 10-Sep-15

1340 S S Enterprise Corporate Surveillance - BBB3(Lr) - - 23-Dec-15

1341 S S Enterprise SME Initial Rating CRAB-SE 3 - - 25-Nov-15

1342 S S Fabrics Ltd. SME Surveillance CRAB-SE 4 - - 14-Dec-15

1343 S S Food Industry SME Surveillance CRAB-ME 3 - - 23-Sep-15

1344 S S International SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1345 S S Steel SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1346 S Uddin & Co. Corporate Initial Rating - BB2(Lr) - - 30-Mar-15

1347 Sabik CNG Filling Station & Conversion Corporate Initial Rating - BB1(Lr) - - 28-Apr-15

1348 Sabjiana Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Jun-15

1349 Sadat Real Estate Corporate Initial Rating - BBB1(Lr) - - 28-Jan-15

1350 Sadia & Saqiba SME Initial Rating CRAB-SE 3 - - 5-Nov-15

1351 Sadia Enterprise SME Initial Rating CRAB-SE 4 - - 5-Apr-15

1352 Sadia Enterprise SME Initial Rating CRAB-SE 4 - - 18-Oct-15

1353 Sadip Enterprise Corporate Surveillance - BBB3(Lr) - - 29-Dec-15

1354 Sadma Fashionwear Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 30-Mar-15

1355 Safar Enterprise SME Initial Rating - - - - 23-Dec-15

1356 Sagar Auto Rice Mill SME Initial Rating CRAB-ME 3 - - 25-Jun-15

1357 Sagarika Louha Bitan SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1358 Sagor Store SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1359 Sahara Green Bricks Ltd. Corporate Initial Rating BB3(Pr) BB3(Pr) - - 30-Apr-15

1360 Saiful & Co. Corporate Surveillance - - ST-3 - 29-Jun-15

1361 Saiful Bricks Corporate Initial Rating - BB2(Lr) ST-4 - 30-Aug-15

1362 Saiham Cotton Mills Ltd. Corporate Surveillance A3 A3(Lr), AA3(Lr) ST-3 Stable 8-Dec-15

1363 Saimex Leather Export Corporate Initial Rating - BB1(Lr) - - 13-Feb-15

1364 Sajib Agro Food Industries Corporate Initial Rating - BB1(Lr) ST-3 - 22-Jul-15

1365 Sajid Knit Industries Ltd. Corporate Initial Rating - - ST-4 - 2-Dec-15

1366 Saju Enterprise SME Initial Rating CRAB-SE 3 - - 1-Jul-15

1367 Sakib Enterprise SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1368 Sakib Ric SME Initial Rating CRAB-ME 4 - - 30-Aug-15

1369 Salahuddin Trading Company Corporate Surveillance - - ST-1, ST-3 - 2-Aug-15

1370 Salima Machineries Corporate Surveillance - - ST-3 - 10-May-15

1371 Sam As Bricks Corporate Surveillance - - ST-4 - 30-Dec-15


32




1372 Sam Associates Ltd. Corporate Surveillance - BBB3(Lr) - - 30-Mar-15

1373 SAM Pack Ltd. Corporate Surveillance BB2 BB2(Lr) - Stable 29-Mar-15

1374 Sam Ree Dyeing (BD) Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 5-Jun-15

1375 Samannaz Condensed Milk Ltd. Corporate Surveillance A2 A2 (Lr) ST-4 Stable 31-Mar-15

1376 Samannaz Dairy & Food Products Ltd. Corporate Surveillance A1 A1 (Lr) ST-4 Stable 31-Mar-15

1377 Sameer Enterprise Corporate Surveillance - - ST-4 - 27-Jun-15

1378 SAMEET Dye-Chem Ltd. Corporate Initial Rating BB2 BB2(Lr) ST-4 Stable 10-Sep-15

1379 Samrat Industries Corporate Surveillance - BBB3(Lr) ST-4 - 20-Nov-15

1380 SAN Apparels Ltd. Corporate Initial Rating BB2(Pr) - - - 31-May-15

1381 Sanghu Valley Cold Storage Industries Ltd. Corporate Initial Rating - BB2(Lr) - - 30-Aug-15

1382 Sanitary World Corporate Surveillance - BBB2(Lr) - - 29-Sep-15

1383 Sanjay Trading Corporate Surveillance - - ST-4 - 30-Dec-15

1384 Sanzi Textile Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 31-Mar-15

1385 Sarder Traders-1 SME Initial Rating CRAB-ME 4 - - 10-Sep-15

1386 Sarker Brothers Filling Station Corporate Initial Rating - BB1(Lr) ST-4 - 30-Mar-15

1387 Sarker Rice Mill Corporate Initial Rating - BB2(Lr) ST-4 - 12-Mar-15

1388 Sarker Traders SME Initial Rating CRAB-ME 4 - - 13-Jul-15

1389 Sarwar Kamal Chy. Enterprise Corporate Initial Rating - BB2(Lr) - - 26-Mar-15

1390 Satata Garments Corporate Surveillance - B2(Lr) - - 29-Sep-15

1391 Satkhira Feed Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Dec-15

1392 Satter & Brothers Corporate Surveillance - - ST-3 - 31-Mar-15

1393 Saturn Textiles Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Sep-15

1394 Savar Sweater Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable 30-Jun-15

1395 Sayed Enterprise SME Initial Rating CRAB-SE 4 - - 21-May-15

1396 Sayed Shappu Ahmed Corporate Initial Rating - BBB3(Lr) - - 26-Mar-15

1397 Sayeman Beach Resort Ltd. Corporate Surveillance BBB3(Pr) BBB3(Lr) ST-3 Stable 20-Jun-15

1398 Saymon Hosiery Corporate Initial Rating - BB2(Lr) - - 30-Mar-15

1399 SB Rice Mill SME Initial Rating CRAB-SE 4 - - 20-Aug-15

1400 Sea Food Corporation Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 30-Jun-15

1401 Sea King Guest House SME Initial Rating CRAB-SE 5 - - 5-Nov-15

1402 Sea Power Fishing Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 28-Feb-15

1403 Sea Shell Hotel Restaurant & Party Palace Corporate Surveillance - BBB2(Lr) ST-3 - 27-Dec-15

1404 Seema Flour Mills Corporate Initial Rating - BBB3(Lr) ST-3 - 30-Mar-15

1405 Self Innovative Fashion Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 4-Jun-15

1406 Senu Miah Textile Corporate Surveillance - BB1(Lr) ST-3 - 30-Dec-15

1407 Serajul Haque Corporate Initial Rating - BBB3(Lr) - - 21-May-15

1408 Setara Fish Farm Ltd. Corporate Surveillance - BBB3(Lr) - - 15-Dec-15

1409 Setu Enterprise SME Surveillance CRAB-SE 4 - - 29-Sep-15

1410 Seven Seas Shipping Corporate Surveillance - BB3(Lr) - - 15-Dec-15

1411 SF Sweaters Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Mar-15

1412 Shafali Rahman SME Initial Rating CRAB-SE 4 - - 2-Dec-15

1413 Shafi Traders Corporate Surveillance - - ST-3 - 22-Oct-15

1414 Shafiq Brothers Corporate Initial Rating - BBB3(Lr) ST-3 - 30-Jun-15


33




1415 Shah Amanat Cutting Center Corporate Surveillance - BBB2(Lr) ST-3 - 12-Mar-15

1416 Shah Fatehullah Textile Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

1417 Shah Perfumery Products Ltd. Corporate Surveillance - BBB3(Lr) - - 29-Jun-15

1418 Shah Traders SME Initial Rating CRAB-SE 3 - - 18-Oct-15

1419 Shahadat Husking Mills SME Surveillance CRAB-SE 4 - - 21-Jul-15

1420 Shahanaj Rice Mill SME Initial Rating CRAB-SE 4 - - 29-Jun-15

1421 Shahanoor Hardware Store Corporate Initial Rating - BBB3(Lr) - - 22-Oct-15

1422 Shahed Alam & Brothers SME Initial Rating CRAB-SE 4 - - 30-Aug-15

1423 Shaheen Garments Corporate Surveillance - BB3(Lr) ST-4 - 15-Dec-15

1424 Shahid Textile SME Initial Rating CRAB-SE 4 - - 29-Oct-15

1425 Shahidul Bhander Corporate Surveillance - BBB3(Lr) ST-3 - 29-Mar-15

1426 Shahin Traders Corporate Surveillance - - ST-3 - 19-Dec-15

1427 Shahjahan Spinning Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Mar-15

1428 Shahjalal Pathor Co. SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1429 Shahjania Traders Corporate Surveillance - - ST-4 - 30-Jun-15

1430 Shahjibazar Power Company Ltd. Corporate Surveillance AA2 - ST-2 Stable 28-Jan-15

1431 Shahmukhdum Modern Rice Mills Ltd. Corporate Initial Rating - BB1(Lr) - - 27-Apr-15

1432 Shajahan Enterprise SME Initial Rating CRAB-SE 4 - - 25-Nov-15

1433 Shakal Shandha Poultry Feed & Sister Concerns Corporate Initial Rating - BBB3(Lr) - - 2-Mar-15

1434 Shakawat Trading SME Initial Rating CRAB-SE 4 - - 18-Jun-15

1435 Shakil Enterprise & Auto Saw Mill SME Initial Rating CRAB-ME 3 - - 30-Jun-15

1436 Shamim Flour Mills Ltd. SME Initial Rating CRAB-SE 3 - - 29-Oct-15

1437 Shampa Flour Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

1438 Shams Styling Wear Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 30-Jun-15

1439 Shangu Tex Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-15

1440 Shankar Bostralaya Corporate Surveillance - BBB3(Lr) - - 30-Sep-15

1441 Shanta Properties Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 12-Jun-15

1442 Shanur Traders SME Initial Rating CRAB-SE 4 - - 29-Sep-15

1443 Shapla Screen & Dyeing Printing Ltd. SME Initial Rating CRAB-ME 4 - - 21-May-15

1444 Sharif Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

1445 Sharif Traders SME Initial Rating CRAB-ME 4 - - 23-Dec-15

1446 Sharif Trading SME Initial Rating CRAB-ME 4 - - 10-May-15

1447 Sharmin Honda Center SME Initial Rating CRAB-SE 3 - - 25-Nov-15

1448 Sharna Construction & General Merchant SME Initial Rating CRAB-SE 3 - - 29-Sep-15

1449 Sharp Kargo Kare Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Negative 31-Mar-15

1450 Shasha Denims Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable 15-Jun-15

1451 Shasha Garments Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 13-Nov-15

1452 Shatu Steels Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 14-Dec-15

1453 Shawon Fish Product (Pvt) Ltd. Corporate Surveillance - BBB3(Lr) - - 15-Dec-15

1454 Shipon Print Sharee Corporate Initial Rating - BBB3(Lr) - - 28-Jan-15

1455 Shiv Textile Corporate Surveillance - BBB3(Lr) ST-3 - 28-Nov-15

1456 Shohagpur Textile Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable 18-May-15

1457 Shohan Iron & Steel House SME Initial Rating CRAB-SE 3 - - 2-Dec-15


34




1458 Shohorab & Brothers Corporate Surveillance - BBB3(Lr) - - 22-Dec-15

1459 Shohrab Poultry & Fish Feed SME Initial Rating CRAB-SE 4 - - 14-Dec-15

1460 Shordar Varities SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1461 Shovon Trading SME Initial Rating CRAB-SE 4 - - 31-Dec-15

1462 Show Motion Ltd. Corporate Surveillance - A3(Lr) ST-3 - 27-Dec-15

1463 Siam Sharees SME Initial Rating CRAB-SE 3 - - 8-Dec-15

1464 SIC Syndicate Corporate Surveillance - - ST-3 - 10-May-15

1465 Siddeswari Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

1466 Sifat Enterprise Corporate Initial Rating - BB3(Lr) ST-4 - 17-Nov-15

1467 Sign Media Ltd. Corporate Surveillance - BB1(Lr) ST-3 - 20-Nov-15

1468 Sikder Apparels Hosiery Ltd. Corporate Initial Rating B1 B1(Lr) ST-5 Stable 29-Oct-15

1469 Sikder Construction SME Surveillance CRAB-SE 4 - - 29-Sep-15

1470 Silkways Card & Printing Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Jun-15

1471 SIM.Com SME Initial Rating CRAB-ME 4 - - 9-Jul-15

1472 Sinha Fabrics Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 29-Jun-15

1473 Sinha Melamine Industries Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 31-Dec-14

1474 Sirajul Islam & Sons SME Initial Rating CRAB-SE 4 - - 29-Sep-15

1475 Siraz Cycle Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

1476 Sirina Garments & Textiles Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 12-Mar-15

1477 Siyan Corporation Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

1478 Skamp Garments Industries Ltd. Corporate Initial Rating - BB1(Lr) ST-3 - 21-May-15

1479 SKARF Agro (Pvt) Ltd. Corporate Initial Rating - BB3(Lr) - - 30-Apr-15

1480 Skyline Apparels Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

1481 Skyline Garments Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

1482 Smart Accumulator Pvt. Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 5-Mar-15

1483 Snowtex Apparels Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 31-Mar-15

1484 Sobhan Ice & Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

1485 Sogo International Corporate Initial Rating - B2(Lr) ST-5 - 30-Mar-15

1486 Sohel Traders Corporate Surveillance - BBB3(Lr) - - 29-May-15

1487 Sohel Trading Corporation Ltd. Corporate Surveillance - BBB2(Lr) - - 11-Dec-15

1488 Solar Television Mfg. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 28-Nov-15

1489 Solid Feeds Ltd. Corporate Surveillance - BBB3(Lr) - - 30-Oct-15

1490 Sonali Paper & Board Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

1491 Sonali Taranga International Corporate Surveillance - BBB3(Lr) ST-3 - 30-Apr-15

1492 Sonargaon Textiles Ltd. Corporate Surveillance CC CC(Lr) ST-5 Negative 30-Jun-15

1493 Sonica Agri Foods Corporate Surveillance - BBB3(Lr) ST-4 - 30-Dec-15

1494 Sony Electronics Corporate Surveillance - BB1(Lr) ST-4 - 8-Dec-15

1495 Sopa Poultry Feed SME Initial Rating CRAB-SE 4 - - 2-Dec-15

1496 Sopura & Sons Corporate Initial Rating - - ST-3 - 4-Jun-15

1497 Sopura Silk Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Mar-15

1498 Sornali Knit Composite Ltd. Corporate Initial Rating - - ST-5 - 31-Dec-15

1499 Sourav Fish Corporate Surveillance - BBB3(Lr) ST-4 - 2-Apr-15

1500 South Eastern Paper Mills Ltd. Corporate Surveillance BB1 BB1(Lr) ST-5 Stable 31-Mar-15


35




1501 South West Printing & Packaging Ltd. SME Surveillance CRAB-ME 4 - - 5-Dec-15

1502 Southern Clothings Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 28-Dec-15

1503 Southern Posak Shilpa Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 28-Dec-15

1504 Southern Services Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 28-Dec-15

1505 Soya Protein Marketing Company Corporate Surveillance - - ST-4 - 30-Dec-15

1506 SP Fashions Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 25-Jul-15

1507 Sparkle Company Corporate Initial Rating - BB1(Lr) - - 30-Mar-15

1508 SRK Trading & its sister concern M/S Glummer World SME Initial Rating CRAB-SE 4 - - 22-Oct-15

1509 Standard Collection Manufacturing Co. Corporate Surveillance - BBB3(Lr) ST-3 - 5-Mar-15

1510 Standard Finis Oil Co. Corporate Surveillance - BBB3(Lr) ST-3 - 19-Sep-15

1511 Standard Group Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable 30-Sep-15

1512 Standard Stitches Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

1513 Star Line Auto Major Flour Mills Ltd. Corporate Surveillance - - ST-4 - 29-Sep-15

1514 Star Line Auto Rice Foods & Beverage Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 31-Dec-14

1515 Star Line Food Products Ltd. Corporate Surveillance - BBB3(Lr) ST-4 - 29-Sep-15

1516 Star Line Special Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 29-Sep-15

1517 Star Partical Board Mills Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-2 Stable 30-Jun-15

1518 Star Sea Food Industries Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Dec-15

1519 Starling Rinse Effect Ltd. Corporate Surveillance A3 - ST-3 Stable 31-Jan-15

1520 Steel & Cement Corporation Corporate Surveillance - - ST-3 - 13-Sep-15

1521 Sterling Designs Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 7-Dec-15

1522 Stone Age SME Initial Rating CRAB-SE 3 - - 30-Dec-15

1523 STS Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable 31-Mar-15

1524 Sufia Fabrics Ltd. Corporate Initial Rating A2 A2 (Lr) ST-3 Stable 29-Jun-15

1525 Sugandha Bakery SME Initial Rating CRAB-ME 3 - - 17-Nov-15

1526 Sultana Enterprise SME Initial Rating CRAB-SE 5 - - 4-Jun-15

1527 Suma International Services SME Initial Rating CRAB-SE 4 - - 4-Jun-15

1528 Sumaia Enterprise Corporate Initial Rating - - ST-4 - 21-May-15

1529 Sumon Agro Enterprise SME Initial Rating CRAB-SE 3 - - 22-Jul-15

1530 Sumon Auto Rice Mill SME Initial Rating CRAB-ME 3 - - 22-Jul-15

1531 Sumon Flour Mills SME Initial Rating CRAB-ME 3 - - 20-Aug-15

1532 Sumon Traders SME Surveillance CRAB-SE 3 - - 30-Dec-15

1533 Sundarban Industrial Complex Ltd. Corporate Surveillance - BBB1(Lr) ST-3 - 11-Mar-15

1534 Super Thai Plastic Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 30-Jun-15

1535 Supershine Apparel Ltd. Corporate Surveillance - - ST-1, ST-4 - 11-Sep-15

1536 Suravi Plastic Industry Corporate Initial Rating - BB1(Lr) - - 11-Jun-15

1537 Suravi Traders SME Surveillance CRAB-ME 3 - - 1-Dec-15

1538 Surma Oil Mills Corporate Surveillance - BB3(Lr) ST-4 - 29-Sep-15

1539 Surma Petroleum Corporate Surveillance - BB1(Lr) ST-4 - 30-Dec-15

1540 Surma Travels (Pvt) Ltd. SME Initial Rating CRAB-SE 4 - - 22-Apr-15

1541 Suvastu Development Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 10-May-15

1542 Swan Jeans Ltd. Corporate Surveillance BB2 BB2(Lr) ST-5 Negative 24-Sep-15

1543 Syed Miah Corporate Initial Rating - - ST-4 - 12-Mar-15


36




1544 Synergic Bangladesh Ltd. SME Initial Rating CRAB-SE 4 - - 8-Dec-15

1545 SYTCO Corporate Initial Rating - - ST-4 - 30-Dec-15

1546 T A Traders SME Initial Rating CRAB-SE 3 - - 25-Nov-15

1547 Tahir & Sons Corporate Initial Rating - - ST-3 - 23-Dec-15

1548 Taj Enterprise Corporate Initial Rating - BB1(Lr) - - 22-Apr-15

1549 Taj Plastic Industries Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

1550 Talora Corporation SME Initial Rating CRAB-SE 3 - - 29-Dec-15

1551 Talukder Telecom SME Initial Rating CRAB-SE 4 - - 29-Oct-15

1552 Talukder Traders SME Initial Rating CRAB-SE 4 - - 24-Sep-15

1553 Tamanna Enterprise Corporate Initial Rating - BB3(Lr) - - 12-Mar-15

1554 Tamanna Ltd. Corporate Surveillance - BBB2(Lr) ST-4 - 31-May-15

1555 Tamanna Sweaters Ltd. Corporate Surveillance - BB3(Lr) ST-5 - 10-Apr-15

1556 Tanayabi Enterprise Corporate Initial Rating - BB1(Lr) - - 18-Feb-15

1557 Tanima Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Dec-15

1558 Tanveer Enterprise Corporate Surveillance - BB2(Lr) - - 29-May-15

1559 Tanzim Steel SME Initial Rating CRAB-SE 4 - - 29-Sep-15

1560 Tapash Traders Corporate Surveillance - BBB3(Lr) ST-3 - 22-Sep-15

1561 Tara Spinning Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 28-Nov-15

1562 Taratex (BD) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 6-Nov-15

1563 Tareque International SME Initial Rating CRAB-SE 3 - - 29-Dec-15

1564 Tawheed Plastic Industries Corporate Initial Rating - BB3(Lr) ST-4 - 31-Mar-15

1565 Tawhid Fabrics SME Initial Rating CRAB-SE 4 - - 23-Dec-15

1566 TECH ME Engineering (Pvt) Ltd. Corporate Initial Rating - - ST-3 - 25-Nov-15

1567 Tech Squad Corporate Surveillance - - ST-3 - 30-Sep-15

1568 Techno HVAC System Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 15-Jun-15

1569 Techven Properties Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 15-Dec-15

1570 Teco Electronics Corporate Surveillance - BB1(Lr) - - 26-Jun-15

1571 Tempaco Foils Ltd. Corporate Surveillance A1 A1 (Lr) ST-3 Stable 30-Sep-15

1572 Tex Tailor Export (BD) Ltd. Corporate Surveillance - - ST-4 - 11-Dec-15

1573 Texcomm Exports Ltd. Corporate Surveillance - BBB3(Lr) - - 13-Nov-15

1574 Textile Horizon Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

1575 Thakral Information System Pvt. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Sep-15

1576 That's It Knit Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-2 Stable 29-Sep-15

1577 The ACME Laboratories Ltd. Corporate Surveillance AA2 AA2 (Lr) ST-1 Positive 30-Jun-15

1578 The Civil Engineers Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable 31-Jul-15

1579 The Electric View Corporate Surveillance - - ST-3 - 30-Jun-15

1580 The IBN Sina Pharmaceutical Industry Ltd. Corporate Initial Rating A3 A3 (Lr) ST-3 Stable 5-Nov-15

1581 The Immaculate (Pvt.) Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1582 The Immaculate Accessories Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1583 The Immaculate Apparels Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1584 The Immaculate Exports Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1585 The Immaculate Textiles Ltd. Corporate Surveillance B1 B1(Lr) ST-5 Stable 14-Dec-15

1586 The Limit Agro Products Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Jun-15


37




1587 The New Abul Stone Crushing Industries Corporate Surveillance - - ST-3 - 30-Nov-15

1588 The Peninsula Chittagong Ltd. Corporate Surveillance AA3 AA3 (Lr) ST-3 Positive 30-Jun-15

1589 The Pipeline Engineers & Associates Ltd. Corporate Surveillance - AA3(Lr) ST-3 - 28-Feb-15

1590 The Rani Re-Rolling Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable 28-Dec-15

1591 The Rose Dresses Ltd. Corporate Surveillance A3 - ST-3 Stable 31-Jan-15

1592 Three Star Automobile SME Initial Rating CRAB-SE 4 - - 4-Jun-15

1593 Tiasha Mini Auto Rice Mill Corporate Initial Rating - BB3(Lr) ST-4 - 25-Nov-15

1594 Tip Top Fashions Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Jun-15

1595 Tithi Textile Mills (Pvt) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 13-Jun-15

1596 TNTS Enterprise Corporate Surveillance - BBB3(Lr) - - 20-Mar-15

1597 Tofazzal Cosmetic & Gift Shop Corporate Surveillance - - ST-3 - 14-Mar-15

1598 Tokai Power Products Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Negative 29-Jun-15

1599 Toma Concrete Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 30-Dec-15

1600 Toma Construction & Co. Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 14-Aug-15

1601 Tongi Oil Mill & Company Corporate Surveillance - BBB1(Lr) - - 28-Dec-15

1602 Top Jeans Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Sep-15

1603 Top Star Fashions Ltd. Corporate Surveillance - - ST-4 - 29-Jun-15

1604 Total Agro & Aqua Culture Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 30-Sep-15

1605 Trade International SME Initial Rating CRAB-ME 3 - - 11-Nov-15

1606 Trade International Marketing Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Dec-15

1607 Trade Port SME Initial Rating CRAB-SE 4 - - 17-Sep-15

1608 Transonic Communications Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 18-Apr-15

1609 Trisha Flour Mill Corporate Surveillance - BB2(Lr) ST-4 - 31-May-15

1610 Trouser World (Pvt.) Ltd. Corporate Surveillance - CCC(Lr) ST-5 - 23-Dec-15

1611 Tulagaon Fashions Ltd. Corporate Surveillance - BBB2(Lr) ST-3 - 7-Dec-15

1612 Tulip Enterprise Corporate Surveillance - - ST-3 - 30-Jun-15

1613 Tulip Steel Corporate Surveillance - BB1(Lr) ST-3 - 21-May-15

1614 Tulip Sweater Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 29-Sep-15

1615 Tulshi Industries Corporate Surveillance - BB1(Lr) ST-3 - 30-Nov-15

1616 Tung Hai Sweaters Ltd. Corporate Surveillance - A3(Lr) ST-3 - 23-Dec-15

1617 Turag Garments & Hosiery Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Nov-15

1618 Turna Enterprise Corporate Surveillance - - ST-4 - 29-Dec-15

1619 Tushar Traders & its Sister Concerns Corporate Initial Rating - BBB3(Lr) - - 4-Feb-15

1620 Ultra Design & Fashion Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable 30-Jun-15

1621 Unicom Media Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 - 14-Dec-15

1622 Unicom Textile Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 11-Jun-15

1623 Unifill Composite Dyeing Mills Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable 29-Jun-15

1624 Unifill Textile Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 18-Feb-15

1625 Unilliance Textiles Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 27-Jun-15

1626 Unimex Textile Mills Ltd. Corporate Surveillance - BB3(Lr) ST-4 - 29-Sep-15

1627 Unipex Trade Corporation Ltd. Corporate Surveillance - - ST-4 - 19-Dec-15

1628 Unique Construction Pvt Ltd. Corporate Surveillance - - ST-3 - 29-Sep-15

1629 Unique Footwear Industries Corporate Surveillance - BBB3(Lr) ST-3 - 30-Jun-15


38




1630 United Airways (Bangladesh) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-1, ST-3 Stable 29-Dec-15

1631 United Apparels Industries Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable 5-Jun-15

1632 United Traders Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1633 Universal Engineering SME Initial Rating CRAB-ME 4 - - 5-Nov-15

1634 Universal Menswear Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 14-Jan-15

1635 Universal Paper & Board Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1636 University Dental College & Hospital Corporate Initial Rating - BB3(Lr) ST-1, ST-4 - 18-Jun-15

1637 Univet Limited Corporate Surveillance - - ST-4 - 10-May-15

1638 Usha Jute Spinners Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable 31-Mar-15

1639 Uttara University Corporate Initial Rating - BBB3(Lr) - - 17-Nov-15

1640 Vai Vai Rice Mill Corporate Surveillance - BB1(Lr) - - 29-Sep-15

1641 Valuka Feeds Corporate Surveillance - BB1(Lr) - - 5-Dec-15

1642 Vastech Ltd. Corporate Surveillance - BB1(Lr) ST-4 - 23-Dec-15

1643 Venus Telecom Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 21-Jul-15

1644 Vets Farma Formulations Corporate Initial Rating - BB2(Lr) ST-4 - 27-Mar-15

1645 Virgo Fish & Agro Process Ltd. Corporate Initial Rating - BB3(Lr) - - 13-Feb-15

1646 Vitalac Diary & Food Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 29-Dec-15

1647 Viyellatex Limited Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

1648 Viyellatex Spinning Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable 29-Dec-15

1649 Vosta LMG-Karnafuly Joint Venture Consortium Ltd. Corporate Surveillance - B1(Lr) ST-5 - 30-Jun-15

1650 VOTT Oil Refineries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable 31-Dec-15

1651 Voyager Apparels Ltd. Corporate Initial Rating - BB1(Lr) ST-4 - 18-Jun-15

1652 Wasco Biscuit & Bread Factory Corporate Surveillance - BBB1(Lr) ST-3 - 15-Dec-15

1653 Washi Enterprise SME Initial Rating CRAB-SE 4 - - 17-Sep-15

1654 Wasim Enterprise SME Initial Rating CRAB-SE 3 - - 11-Nov-15

1655 Wear Mag Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable 22-Apr-15

1656 Web Coats Ltd. SME Initial Rating CRAB-SE 4 - - 11-Nov-15

1657 Well Accessories Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 30-Jun-15

1658 Well Designers Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 19-Mar-15

1659 Well Dresses Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 15-Dec-15

1660 Well Fashion Ltd. Corporate Initial Rating BBB3 - ST-3 Stable 26-Mar-15

1661 Well Mart Ltd. Corporate Surveillance BBB3 - ST-4 Stable 13-Mar-15

1662 Well Trade Corporate Surveillance - BB1(Lr) ST-4 - 15-Dec-15

1663 Western Electronics Ind. Syndicate Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 - 5-Nov-15

1664 Widespread Solutions Ltd. Corporate Surveillance - BBB3(Lr) ST-3 - 29-Dec-15

1665 William Agencies Corporate Surveillance - - ST-3 - 14-May-15

1666 Wilts Marketing Co. Ltd. Corporate Initial Rating - BB1(Lr) - - 10-May-15

1667 Winsome Knit Composite Ltd. Corporate Initial Rating - - ST-3 - 30-Mar-15

1668 Wintex Washing Center Corporate Initial Rating - BB1(Lr) ST-4 - 13-Aug-15

1669 Wohab Traders & Zahid Biz Vander SME Initial Rating CRAB-SE 3 - - 19-Dec-15

1670 Woman's World Corporate Initial Rating BBB2 - - - 28-Jan-15

1671 World Book Distribution Center Corporate Initial Rating - BBB2(Lr) - - 28-May-15

1672 World Trade Corporate Surveillance - - ST-4 - 10-Jun-15


39




Corporate and SME

1673 X-Ceramics Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable 18-Jun-15

1674 Y B Garments Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 29-Sep-15

1675 Yeakin Polymer Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable 30-Dec-15

1676 Younus Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

1677 Younus Fine Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1678 Younus Newsprint Mill Ltd. Corporate Surveillance - A1(Lr) ST-3 - 30-Jun-15

1679 Younus Offset Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 - 31-Dec-15

1680 Younus Paper Mills Ltd. Corporate Surveillance - A1(Lr) ST-3 - 30-Jun-15

1681 Younus Specialized Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 - 30-Jun-15

1682 Younus Spinning Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable 31-Dec-15

1683 Yousuf Bricks SME Initial Rating CRAB-SE 4 - - 5-Nov-15

1684 Yusuf Chemicals Industries Corporate Surveillance - - ST-3 - 25-Jul-15

1685 Zaber & Brothers Corporate Surveillance - - ST-3 - 19-Dec-15

1686 Zadid Labels Ltd. Corporate Initial Rating - BB2(Lr) ST-4 - 30-Dec-15

1687 Zahangir & Son's Corporate Initial Rating BBB3(Lr) BBB3(Lr) - - 20-Aug-15

1688 Zahid Enterprise Ltd. Corporate Surveillance A3 A3(Lr) ST-1, ST-3 Stable 15-Dec-15

1689 Zahir Knit Fashions Ltd. Corporate Initial Rating - BB3(Lr) ST-4 - 10-May-15

1690 Zakir Textile Corporate Surveillance - BB1(Lr) ST-4 - 30-Jun-15

1691 Zakmars Fashion Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable 29-Nov-15

1692 Zaman Enterprise Corporate Surveillance - BBB3(Lr) - - 28-Sep-15

1693 Zaman Traders Corporate Surveillance - BBB3(Lr) ST-3 - 31-Mar-15

1694 Zaman Traders SME Initial Rating CRAB-SE 4 - - 18-Oct-15

1695 Zass Telecom Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable 19-Dec-15

1696 Zenith Fabrics Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable 30-Sep-15

1697 Zihan & Company (Pvt.) Ltd. Corporate Surveillance BB3 BB3(Lr) - Stable 29-Dec-15

1698 Zillur Rahman Corporate Surveillance - - ST-3 - 30-Apr-15

1699 Zinnah Auto Rice Mill Corporate Initial Rating - BB3(Lr) - - 30-Mar-15

1700 Zinnah Industries Corporate Initial Rating BB2(Lr) BB2(Lr) - - 20-Aug-15

1701 Zinuk Poultry Feed Mill SME Initial Rating CRAB-SE 3 - - 2-Dec-15

1702 Ziska Pharmaceuticals Ltd. Corporate Surveillance BBB3 - ST-3 Stable 31-Dec-14

1703 ZM Traders SME Initial Rating CRAB-SE 3 - - 29-Oct-15

1704 Zobair Traders SME Initial Rating CRAB-ME 3 - - 10-May-15

1705 ZSB Garments Ltd. Corporate Initial Rating BB3 BB3(Lr) ST-4 Stable 10-May-15

1706 Zulfiquer Enterprise SME Initial Rating CRAB-ME 3 - - 14-Dec-15

1707 Zuma Enterprise Corporate Initial Rating - BB1(Lr) ST-4 - 31-Jan-15


* Short Term loans include both funded and non-funded limits.

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is earlier.

40


Sl No. Name of Bank/ Financial Institution Industry Rating Type Entity Ratings Validity(Alphabetical order) Long Term Short Term Outlook

1 AB Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

2 Al-Arafah Islami Bank Ltd. Bank Surveillance AA3 ST-2 Positive 30-Jun-15

3 Bank Alfalah Ltd. Bank Surveillance A2 ST-2 Stable 30-Jun-15

4 Bank Asia Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

5 BASIC Bank Ltd. Bank Surveillance CCC1 ST-5 Negative 30-Jun-15

6 BRAC Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

7 Dutch-Bangla Bank Ltd. Bank Surveillance AA1 ST-1 Stable 30-Jun-15

8 HSBC Bangladesh Bank Surveillance AAA ST-1 Stable 30-Jun-15

9 IFIC Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-15

10 Jamuna Bank Ltd. Bank Surveillance A1 ST-2 Stable 30-Jun-15

11 Modhumoti Bank Ltd. Bank Initial Rating BBB2 ST-2 Stable 30-Jun-15

12 National Bank of Pakistan Ltd.-Bangladesh Bank Surveillance BB2 ST-4 Negative 30-Jun-15

13 NRB Bank Ltd. Bank Initial Rating BBB2 ST-2 Stable 30-Jun-15

14 Prime Bank Ltd. Bank Surveillance AA2 ST-2 Stable 30-Jun-15

15 Shahjalal Islami Bank Ltd. Bank Initial Rating AA3 ST-2 Stable 30-Jun-15

16 South Bangla Agriculture and Commerce Bank Ltd. Bank Initial Rating BBB2 ST-2 Stable 30-Jun-15

17 Standard Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

18 The City Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

19 Trust Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

20 Uttara Bank Ltd. Bank Surveillance AA3 ST-2 Stable 30-Jun-15

21 BRAC Bank Ltd.–Bond Bank-Bond Surveillance A1 - Stable 2-Jun-15

22 Dhaka Bank Ltd. -Bond Bank-Bond Surveillance A1 - Stable 19-Mar-15

23 IFIC Bank Limited-Bond Bank-Bond Initial Rating AA3(Hybrid) - Stable 14-Jan-15

24 Standard Bank Ltd.-Bond Bank-Bond Initial Rating A1(Hybrid) - Stable 12-Jun-15

25 DBH Finance Corporation Ltd. Financial Institution Surveillance AAA ST-1 Stable 31-Dec-15

26 FAS Finance & Investment Ltd. Financial Institution Initial Rating BBB2 ST-3 Stable 30-Jun-15

27 Infrastructure Development Company Ltd. Financial Institution Surveillance AA1 ST-1 Positive 31-Dec-14

28 Islamic Finance & Investment Ltd. Financial Institution Surveillance A3 ST-3 Stable 30-Jun-15

29 LankaBangla Finance Ltd. Financial Institution Surveillance A2 ST-3 Stable 30-Jun-15

30 National Housing Finance & Investments Ltd. Financial Institution Surveillance A2 ST-3 Stable 30-Jun-15

31 People's Leasing & Financial Services Ltd. Financial Institution Surveillance A2 ST-3 Stable 30-Jun-15

32 LankaBangla Finance Ltd.-Bond Financial Institution-Bond Initial Rating A3(Hybrid) - Stable 29-Apr-15

Sl No. Name of Merchant Bank/ Securities Firm Industry Rating Type Entity Ratings Validity

(Alphabetical order) Long Term Short Term Outlook

1 AB Investment Ltd. Merchant Bank Surveillance A3 - Stable 30-Jun-15

2 BRAC EPL Investment Ltd. Merchant Bank Initial Rating A2 - Stable 30-Jun-15

3 Trust Bank Investment Ltd. Merchant Bank Surveillance A3 - Stable 30-Jun-15

4 AB Securities Ltd. Securities Firm Surveillance A2 - Stable 30-Jun-15

5 Associated Capital Securities Ltd. Securities Firm Initial Rating BB1 ST-4 Stable 30-May-15

6 Azim Securities Ltd. Securities Firm Initial Rating BB2 ST-4 Stable 31-Dec-14

7 LankaBangla Securities Ltd. Securities Firm Surveillance AA2 - Stable 30-Jun-15

41

Rating Update - December 2014(Updated up to 31 December 2014)

Sl No. Name of Insurance Industry Rating Type Entity Ratings Validity


1 Bangladesh National Insurance Co. Ltd. Insurance Surveillance BBB2 ST-3 Stable 30-Jun-15

2 Crystal Insurance Company Ltd. Insurance Surveillance BBB2 ST-3 Stable 30-Jun-15

3 Green Delta Insurance Company Ltd. Insurance Surveillance AAA ST-1 Stable 30-Jun-15

4 Islami Insurance Bangladesh Ltd. Insurance Surveillance A3 ST-3 Stable 30-Jun-15

5 Pragati Insurance Ltd. Insurance Surveillance AA1 ST-1 Stable 30-Jun-15

6 South Asia Insurance Co. Ltd. Insurance Surveillance BBB2 ST-3 Stable 30-Jun-15

7 Takaful Islami Insurance Ltd. Insurance Surveillance A3 ST-3 Stable 30-Jun-15

Sl No. Name of Micro Finance Institution Industry Name Type of Rating Entity Ratings Validity


1 BRAC MFI Surveillance AAA ST-1 Stable 30-Jun-15

2 Buro Bangladesh MFI Surveillance AA3 ST-2 Stable 31-Dec-15

3 DESHA Shechsashebi Artho-Samajik Unnyan O Manobik Kallyan SangsthaMFI Surveillance BBB2 - Negative 22-Dec-15

4 Dushtha Shasthya Kendra MFI Surveillance A3 ST-3 Stable 22-Dec-15

5 Jagorani Chakra Foundation MFI Surveillance A1 ST-3 Stable 22-Dec-15

6 Padakhep Manabik Unnayan Kendra MFI Surveillance BB1 - Stable 15-Jan-15

7 People's Oriented Program Implementation (POPI) MFI Surveillance BB1 - Stable 22-Dec-15

8 Sajida Foundation MFI Surveillance A1 ST-2 Stable 15-Jan-15

9 SETU MFI Initial Rating BB1 - Stable 22-Dec-15

10 Society for Development Initiative MFI Initial Rating BBB2 - Stable 22-Dec-15

11 Society for Social Service MFI Initial Rating AA3 ST-2 Stable 31-Dec-15

12 Socio Economic Health Education Organization MFI Surveillance BBB3 ST-4 Stable 22-Dec-15

13 Srizony Bangladesh MFI Surveillance B1 ST-5 Stable 22-Dec-15

14 TMSS MFI Surveillance AA3 - Stable 22-Dec-15

15 United Development Initiatives for Programmed Action (UDDIPON)MFI Surveillance AA3 ST-2 Stable 22-Dec-15

16 UTTARAN MFI Initial Rating A3 ST-3 Stable 22-Dec-15

For any clarification please contact: H S Sohrawardhi, Executive Vice President

Cell: 01713 032807, E-mail: [email protected]

Mohammed Tajul Islam, Senior Vice President & Chief Rating OfficerCell: 01713 002320, E-mail: [email protected]

Ehsanul Kabir, Vice PresidentCell: 01715 064775, E-mail: [email protected]

Mohammed Nazrul Islam Bhuiyan, Senior Analyst, Rating AdministrationCell: 01714 116569, E-mail: [email protected]

42

CRAB Rating Scales and Definitions

43

Appendix 01: CRAB Rating Scales and Definitions –Corporate (Entity)

LONG TERM CREDIT RATING:CORPORATE (ENTITY)

Long Term Rating Definition

AAA

(Triple A)

Extremely Strong

Capacity &Minimal

Credit Risk

Companies rated in this category have extremely strong capacity to meet financial

commitments. These companies are judged to be of the highest quality, with minimal

credit risk.

AA1, AA2, AA3*

(Double A)

Very Strong Capacity

&Very Low Credit Risk

Companies rated in this category have very strong capacity to meet financial

commitments. These companies are judged to be of very high quality, subject to very

low credit risk.

A1, A2, A3

(Single A)

Strong Capacity &

LowCredit Risk

Companies rated in this category have strong capacity to meet financial commitments,

but are susceptible to the adverse effects of changes in circumstances and economic

conditions. These companies are judged to be of high quality, subject to low credit

risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Moderate Credit Risk

Companies rated in this category have adequate capacity to meet financial

commitments but more susceptible to adverse economic conditions or changing

circumstances. These companies are subject to moderate credit risk. Such companies

possess certain speculative characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity &

Substantial Credit Risk

Companies rated in this category have inadequate capacity to meet financial

commitments. Have major ongoing uncertainties and exposure to adverse business,

financial, or economic conditions. These companies have speculative elements,

subject to substantial credit risk.

B1, B2, B3

(Single B)

Weak Capacity & High

Credit Risk

Companies rated in this category have weak capacity to meet financial commitments.

These companies have speculative elements, subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)

Very Weak Capacity &

Very High Credit Risk

Companies rated in this category have very weak capacity to meet financial

obligations. These companies have very weak standing and are subject to very high

credit risk.

CC

(Double C)

Extremely Weak

Capacity & Extremely

High Credit Risk

Companies rated in this category have extremely weak capacity to meet financial

obligations. These companies are highly speculative and are likely in, or very near,

default, with some prospect of recovery of principal and interest.

C

(Single C)

Near to Default

Companies rated in this category are highly vulnerable to non-payment, have payment

arrearages allowed by the terms of the documents, or subject of bankruptcy petition,

but have not experienced a payment default. Payments may have been suspended in

accordance with the instrument's terms. These companies are typically in default, with

little prospect for recovery of principal or interest.

D

Default

D rating will also be used upon the filing of a bankruptcy petition or similar action if

payments on an obligation are jeopardized.

*Note: CRAB appends numerical modifiers 1, 2, and 3 to each generic rating classification from AA through CCC.

The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2

indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating

category.


44

Appendix 02: CRAB Rating Scales and Definitions –Corporate (Long Term Loan)

LONG TERM CREDIT RATING: LOANS/FACILITIES FROM BANK/FI

(All loans/facilities with original maturity exceeding one year)

Long Term Ratings Definition

AAA (Lr)

(Triple A)

Highest Safety

Loans/facilities rated AAA (Lr) are judged to offer the highest degree of safety, with

regard to timely payment of financial obligations. Any adverse changes in

circumstances are unlikely to affect the payments on the loan facility.

AA (Lr)*

(Double A)

High Safety

Loans/facilities rated AA (Lr) are judged to offer a high degree of safety, with regard to

timely payment of financial obligations. They differ only marginally in safety from AAA

(Lr) rated facilities.

A (Lr)

(Single A)

Adequate Safety

Loan/facilities rated A (Lr) are judged to offer an adequate degree of safety, with

regard to timely payment of financial obligations. However, changes in circumstances

can adversely affect such issues more than those in the higher rating categories.

BBB (Lr)

(Triple B)

Moderate Safety

Loans/facilities rated BBB (Lr) are judged to offer moderate safety, with regard to

timely payment of financial obligations for the present; however, changing

circumstances are more likely to lead to a weakened capacity to pay interest and repay

principal than for issues in higher rating categories.

BB (Lr)

(Double B)

Inadequate Safety

Loans/facilities rated BB (Lr) are judged to carry inadequate safety, with regard to

timely payment of financial obligations; they are less likely to default in the immediate

future than instruments in lower rating categories, but an adverse change in

circumstances could lead to inadequate capacity to make payment on financial

obligations.

B (Lr)

(Single B)

High Risk

Loans/facilities rated B (Lr) are judged to have high risk of default; while currently

financial obligations are met, adverse business or economic conditions would lead to

lack of ability or willingness to pay interest or principal.

CCC (Lr)

(Triple C)

Very High Risk

Loans/facilities rated CCC (Lr) are judged to have factors present that make them very

highly vulnerable to default; timely payment of financial obligations is possible only if

favorable circumstances continue.

CC (Lr)

(Double C)

Extremely High Risk

Loans/facilities rated CC (Lr) are judged to be extremely vulnerable to default; timely

payment of financial obligations is possible only through external support.

C (Lr)

(Single C)

Near to Default

Loans/facilities rated C (Lr) are currently highly vulnerable to non-payment, having

obligations with payment arrearages allowed by the terms of the documents, or

obligations that are subject of a bankruptcy petition or similar action but have not

experienced a payment default. C is typically in default, with little prospect for

recovery of principal or interest. C (Lr) are typically in default, with little prospect for

recovery of principal or interest.

D (Lr)

Default

Loans/facilities rated D (Lr) are in default or are expected to default on scheduled

payment dates.




category.


45

Appendix 03: CRAB Rating Scales and Definitions –Corporate (Short Term Loan)

SHORT TERM CREDIT RATING: LOANS/FACILITIES OF BANK/FI

(All loans/facilities with original maturity within one year)

Short Term Ratings Definition

ST-1

Highest Grade

This rating indicates that the degree of safety regarding timely payment on the

loans/facilities is very strong.

ST-2

High Grade


loans/facilities is strong; however, the relative degree of safety is lower than that for

issues rated higher.

ST-3

Adequate Grade


loans/facilities is adequate; however, the issues are more vulnerable to the adverse effects

of changing circumstances than issues rated in the two higher categories.

ST-4

Marginal


loans/facilities is marginal; and the issues are quite vulnerable to the adverse effects of

changing circumstances.

ST-5

Inadequate Grade


loans/facilities is minimal, and it is likely to be adversely affected by short-term adversity

or less favorable conditions.

ST-6

Lowest Grade

This rating indicates that the loans/facilities are expected to be in default on maturity or

is in default.

© Copyright 2014, CREDIT RATING AGENCY OF BANGLADESH LIMITED ("CRAB"). All rights reserved. ALL

INFORMATION CONTAINED HEREIN IS PROTECTED BY COPYRIGHT LAW AND NONE OF SUCH INFORMATION MAY BE

COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED,

REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN

ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT CRAB’S PRIOR WRITTEN

CONSENT. All information contained herein is obtained by CRAB from sources believed by it to be accurate and

reliable. Because of the possibility of human or mechanical error as well as other factors, however, such information

is provided “as is” without warranty of any kind and CRAB, in particular, makes no representation or warranty,

express or implied, as to the accuracy, timeliness, completeness, merchantability or fitness for any particular

purpose of any such information. Under no circumstances shall CRAB have any liability to any person or entity for (a)

any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or

other circumstance or contingency within or outside the control of CRAB or any of its directors, officers, employees

or agents in connection with the procurement, collection, compilation, analysis, interpretation, communication,

publication or delivery of any such information, or (b) any direct, indirect, special, consequential, compensatory or

incidental damages whatsoever (including without limitation, lost profits), even if CRAB is advised in advance of the

possibility of such damages, resulting from the use of or inability to use, any such information. The credit ratings

and financial reporting analysis observations, if any, constituting part of the information contained herein are, and

must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell

or hold any securities. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS,

MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR

INFORMATION IS GIVEN OR MADE BY CRAB IN ANY FORM OR MANNER WHATSOEVER. Each rating or other opinion

must be weighed solely as one factor in any investment decision made by or on behalf of any user of the information

contained herein, and each such user must accordingly make its own study and evaluation of each security and of

each issuer and guarantor of, and each provider of credit support for, each security that it may consider purchasing,

holding or selling.


46

Appendix 04: CRAB Rating Scales and Definitions –Banks(Long Term)

LONG TERM CREDIT RATING: BANK


AAA

(Triple A)

Extremely Strong

Capacity & Highest

Quality

Commercial Banks rated 'AAA' have extremely strong capacity to meet their financial

commitments. 'AAA' is the highest issuer credit rating assigned by CRAB. AAA is judged

to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

Double A


& Very High Quality

Commercial Banks rated 'AA' have very strong capacity to meet their financial

commitments. They differ from the highest-rated Commercial Banks only to a small

degree. AA is judged to be of very high quality and is subject to very low credit risk.

A1, A2, A3

(Single A)

(Strong Capacity &

High Quality)

Commercial Banks rated 'A' have strong capacity to meet their financial commitments but

are somewhat more susceptible to the adverse effects of changes in circumstances and

economic conditions than Commercial Banks in higher-rated categories. A is judged to

be of high quality and are subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Medium Quality

Commercial Banks rated 'BBB' have adequate capacity to meet their financial

commitments. However, adverse economic conditions or changing circumstances are

more likely to lead to a weakened capacity of the Commercial Banks to meet their

financial commitments. BBB is subject to moderate credit risk.

BB1, BB2, BB3

(Double B)

Inadequate Capacity

& Substantial Credit

Risk

Commercial Banks rated 'BB' are less vulnerable in the near term than other lower-rated

Commercial Banks. However, they faces major ongoing uncertainties and exposure to

adverse business, financial, or economic conditions, which may lead to the Commercial

Bank’s inadequate capacity to meet their financial commitments. BB is judged to have

speculative elements and is subject to substantial credit risk.

B1, B2, B3

(Single B)


Credit Risk

Commercial Banks rated 'B' are more vulnerable than the Commercial Banks rated 'BB',

but the Commercial Banks currently have the capacity to meet their financial

commitments. Adverse business, financial, or economic conditions are likely to impair

the Banks’ capacity or willingness to meet their financial commitments. B is considered

speculative and weak capacity and is subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)



Commercial Banks rated 'CCC' are currently vulnerable, and are dependent on favorable

business, financial, and economic conditions to meet their financial commitments. CCC

is judged to be of very weak standing and is subject to very high credit risk.

CC

(Double C)

Extremely Weak


High Credit Risk

Commercial Banks rated 'CC' are currently highly vulnerable. CC is highly speculative and

is likely in, or very near, default, with some prospect of recovery of principal and interest.

C

(Single C)

Near to Default

A 'C' rating is assigned to Banks that are currently highly vulnerable to non-payment of

obligations, or in the verge of default or faced with insolvency petition or bankruptcy

petition or similar actions, but have not yet experienced a payment default with external

support.

D

Default

'D' is in default. The 'D' rating also will be used upon the filing of a bankruptcy petition

or the taking of a similar action if payments on an obligation are jeopardized.




category.


47

Appendix 05: CRAB Rating Scales and Definitions –Banks(Short Term)

SHORTTERM CREDIT RATING: BANK


ST-1

Highest Grade

Commercial Banks rated in this category are considered to have the highest capacity for

timely repayment of obligations. Commercial Banks rated in this category are characterised

with excellent position in terms of liquidity, internal fund generation, and access to

alternative sources of funds.

ST-2

High Grade

Commercial Banks rated in this category are considered to have strong capacity for timely

repayment. Commercial Banks rated in this category are characterised with commendable

position in terms of liquidity, internal fund generation, and access to alternative sources of

funds.

ST-3

Average Grade

Commercial Banks rated in this category are considered to average capacity for timely

repayment of obligations, although such capacity may impair by adverse changes in

business, economic, or financial conditions. Commercial Banks rated in this category are

characterised with satisfactory level of liquidity, internal fund generation, and access to


ST-4

Below Average

Grade

Commercial Banks rated in this category are considered to have below average capacity for

timely repayment of obligations. Such capacity is highly susceptible to adverse changes in

business, economic, or financial conditions than for obligations in higher categories.

Commercial Banks rated in this category are characterised with average liquidity, internal

fund generation, and access to alternative sources of funds.

ST-5

Inadequate Grade

Commercial Banks rated in this category are considered to have inadequate capacity for

timely repayment of obligations susceptible to adverse changes in business, economic, or

financial conditions. Commercial Banks rated in this category are characterised with risky

position in terms of liquidity, internal fund generation, and access to alternative sources of

funds.

ST-6

Lowest Grade

Commercial Banks rated in this category are considered to have obligations which have a

high risk of default or which are currently in default. Commercial Banks rated in this

category are characterised with risky position in terms of liquidity, internal fund

generation, and access to alternative sources of funds.

© Copyright 2014, CREDIT RATING AGENCY OF BANGLADESH LIMITED ("CRAB"). All rights reserved. ALL INFORMATION

CONTAINED HEREIN IS PROTECTED BY COPYRIGHT LAW AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE

REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR

STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY

MEANS WHATSOEVER, BY ANY PERSON WITHOUT CRAB’S PRIOR WRITTEN CONSENT. All information contained herein is

obtained by CRAB from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical

error as well as other factors, however, such information is provided “as is” without warranty of any kind and CRAB, in

particular, makes no representation or warranty, express or implied, as to the accuracy, timeliness, completeness,

merchantability or fitness for any particular purpose of any such information. Under no circumstances shall CRAB have any

liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any

error (negligent or otherwise) or other circumstance or contingency within or outside the control of CRAB or any of its

directors, officers, employees or agents in connection with the procurement, collection, compilation, analysis, interpretation,

communication, publication or delivery of any such information, or (b) any direct, indirect, special, consequential,

compensatory or incidental damages whatsoever (including without limitation, lost profits), even if CRAB is advised in

advance of the possibility of such damages, resulting from the use of or inability to use, any such information. The credit

ratings and financial reporting analysis observations, if any, constituting part of the information contained herein are, and

must be construed solely as, statements of opinion and not statements of fact or recommendations to purchase, sell or hold

any securities. NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY

OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH RATING OR OTHER OPINION OR INFORMATION IS GIVEN OR MADE

BY CRAB IN ANY FORM OR MANNER WHATSOEVER. Each rating or other opinion must be weighed solely as one factor in any

investment decision made by or on behalf of any user of the information contained herein, and each such user must

accordingly make its own study and evaluation of each security and of each issuer and guarantor of, and each provider of

credit support for, each security that it may consider purchasing, holding or selling.


48

Appendix 06: CRAB Rating Scales and Definitions –Financial Institutions (Long Term)

LONGTERM CREDIT RATING: FINANCIAL INSTITUTIONS


AAA

(Triple A)

Extremely Strong

Capacity & Highest

Quality

Financial Institutions rated 'AAA' have extremely strong capacity to meet their financial

commitments. 'AAA' is the highest issuer credit rating assigned by CRAB. AAA is judged

to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

(Double A)


& Very High Quality

Financial Institutions rated 'AA' have very strong capacity to meet their financial

commitments. They differ from the highest-rated Financial Institutions only to a small

degree. AA is judged to be of very high quality and is subject to very low credit risk.

A1, A2, A3

(Single A)

Strong Capacity &

High Quality

Financial Institutions rated 'A' have strong capacity to meet their financial commitments

but are somewhat more susceptible to the adverse effects of changes in circumstances

and economic conditions than Financial Institutions in higher-rated categories. A is

judged to be of high quality and are subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Medium Quality

Financial Institutions rated 'BBB' have adequate capacity to meet their financial

commitments. However, adverse economic conditions or changing circumstances are

more likely to lead to a weakened capacity of the Financial Institutions to meet their

financial commitments. BBB rated FIs are subject to moderate credit risk. They are

considered medium-grade and as such may possess certain speculative characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity &

Substantial Credit Risk

Financial Institutions rated 'BB' are less vulnerable in the near term than other lower-rated

Financial Institutions. However, they face major ongoing uncertainties and exposure to

adverse business, financial, or economic conditions, which might lead to inadequate

capacity to meet their financial commitments. BB is judged to have speculative elements

and is subject to substantial credit risk.

B1, B2, B3

(Single B)


Credit Risk

Financial Institutions rated 'B' are more vulnerable than the Financial Institutions rated

'BB', but the Financial Institutions currently have the capacity to meet their financial

commitments. Adverse business, financial, or economic conditions are likely to impair the

capacity or willingness to meet their financial commitments. B is considered speculative

and weak capacity and is subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)



Financial Institutions rated 'CCC' are currently vulnerable, and are dependent upon

favourable business, financial, and economic conditions to meet their financial

commitments. CCC is judged to be of very weak standing and is subject to very high

credit risk.

CC

(Double C)

Extremely Weak


High Credit Risk

Financial Institutions rated 'CC' are currently highly vulnerable. CC is highly speculative

and is likely in, or very near, default, with some prospect of recovery of principal and

interest.

C

(Single C)

Near to Default

A 'C' rating is assigned to Financial Institutions that are currently highly vulnerable to

non-payment, having obligations with payment arrearages allowed by the terms of the

documents, or obligations that are subject of a bankruptcy petition or similar action but

have not experienced a payment default. C is typically in default, with little prospect for

recovery of principal or interest.

D

Default

'D' is in default. The 'D' rating also will be used upon the filing of a bankruptcy petition or

the taking of a similar action if payments on an obligation are jeopardized.




category.


49

Appendix 07: CRAB Rating Scales and Definitions –Financial Institutions (Short Term)

SHORTTERM CREDIT RATING: FINANCIAL INSTITUTIONS


ST-1

Highest Grade

Financial Institutions rated in this category are considered to have the highest capacity

for timely repayment of obligations. Financial Institutions rated in this category are

characterised with excellent position in terms of liquidity, internal fund generation, and

access to alternative sources of funds.

ST-2

High Grade

Financial Institutions rated in this category are considered to have strong capacity for

timely repayment. Financial Institutions rated in this category are characterised with

commendable position in terms of liquidity, internal fund generation, and access to


ST-3

Average Grade

Financial Institutions rated in this category are considered to average capacity for timely

repayment of obligations, although such capacity may impair by adverse changes in

business, economic, or financial conditions. Financial Institutions rated in this category

are characterised with satisfactory level of liquidity, internal fund generation, and access

to alternative sources of funds.

ST-4

Below Average Grade

Financial Institutions rated in this category are considered to have below average

capacity for timely repayment of obligations. Such capacity is highly susceptible to

adverse changes in business, economic, or financial conditions than for obligations in

higher categories. Financial Institutions rated in this category are characterised with

average liquidity, internal fund generation, and access to alternative sources of funds.

ST-5

Inadequate Grade

Financial Institutions rated in this category are considered to have inadequate capacity

for timely repayment of obligations susceptible to adverse changes in business,

economic, or financial conditions. Financial Institutions rated in this category are

characterised with risky position in terms of liquidity, internal fund generation, and

access to alternative sources of funds.

ST-6

Lowest Grade

Financial Institutions rated in this category are considered to have obligations which have

a high risk of default or which are currently in default. Financial Institutions rated in this

category are characterised with risky position in terms of liquidity, internal fund

generation, and access to alternative sources of funds.

























50

Appendix 08: CRAB Rating Scales and Definitions –Insurance(Long Term)

LONGTERM CREDIT RATING: INSURANCE


AAA

(Triple A)

Extremely Strong

Financial Security

Insurance Companies rated ‘AAA’ have EXTREMELY STRONG financial security

characteristics. ‘AAA’ is the highest Insurer Financial Strength Rating assigned by CRAB.

AA1, AA2, AA3*

(Double A)

Very Strong Financial

Security

Insurance Companies rated ‘AA’ has VERY STRONG financial security characteristics,

differing only slightly from those rated higher.

A1, A2, A3

(Single A)

Strong Financial

Security

Insurance Companies rated ‘A’ have STRONG financial security characteristics, but are

somewhat more likely to be affected by adverse business conditions than Insurers with

higher ratings.

BBB1, BBB2, BBB3

(Triple B)

Good Financial

Security

Insurance Companies rated ‘BBB’ have GOOD financial security characteristics, but are

more likely to be affected by adverse business conditions than higher rated insurers.

BB1, BB2, BB3

(Double B)

Marginal Financial

Security

Insurance Companies rated ‘BB’ have MARGINAL financial security characteristics.

Positive attributes exist, but adverse business conditions could lead to insufficient ability

to meet financial commitments.

B1, B2, B3

(Single B)

Weak Financial

Security

Insurance Companies rated ‘B’ have WEAK financial security characteristics. Adverse

business conditions are likely to impair their ability to meet financial commitments.

CCC1, CCC2, CCC3

(Triple C)

Very Weak Financial

Security

Insurance Companies rated ‘CCC’ have VERY WEAK financial security characteristics, and

are dependent on favorable business conditions to meet financial commitments.

CC

(Double C)

Extremely Weak

Financial Security

Insurance Companies rated ‘CC’ have EXTREMELY WEAK financial security characteristics

and are likely not to meet some of their financial commitments.

C

(Single C)

Near to Default

A 'C' rating is assigned to insurance companies that are currently highly vulnerable to

non-payment, having obligations with payment arrearages allowed by the terms of the

documents, or have obligations subject of a bankruptcy petition or similar action though

have not experienced a payment default. C is typically in default, with little prospect for

meeting its financial commitments.

D

Default

'D' is assigned to insurance companies which are in DEFAULT. The 'D' rating also will be

used upon the filing of a bankruptcy petition or the taking of a similar action if payments

on an obligation are jeopardized.




category.


51

Appendix 09: CRAB Rating Scales and Definitions –Insurance (Short Term)

SHORT TERM CREDIT RATING: INSURANCE


ST-1

Insurance companies rated ‘ST 1’ have STRONG ability to meet their financial

commitments on short-term policy obligations. They are rated in the highest category

by CRAB.

ST-2

Insurance companies rated ‘ST 2’ have a GOOD ability to meet their financial

commitments on short-term policy obligations. However, they are somewhat more

susceptible to the adverse effects of changes in circumstances and economic conditions

than insurers in the highest rating category.

ST-3

Insurance Companies rated ‘ST 3’ have an ADEQUATE ability to meet their financial

commitments on short-term policy obligations. However, adverse economic conditions

or changing circumstances are more likely to lead to a weakened ability of the insurers

to meet their financial obligations.

ST-4

Insurance Companies rated ‘ST 4’ are regarded as VULNERABLE and has significant

speculative characteristics. The insurance companies currently have the ability to meet

their financial commitments on short-term policy obligations; however, they may be

facing major ongoing uncertainties which can lead to the insurer’s inadequate ability to

meet their financial obligations.

ST-5

Insurance Companies rated ‘ST 5’ are regarded as CURRENTLY VULNERABLE to non-

payment and are dependent upon favorable business, financial, and economic

conditions for them to meet their financial commitments on short-term policy

obligations.

ST -6Insurance Companies rated ‘ST 6’ are considered to have Obligations which have a high

risk of DEFAULT or which are currently in default.

























52

Appendix 10: CRAB Rating Scales and Definitions –Debt Instruments (Long Term)

LONG TERM CREDIT RATING: DEBT INSTRUMENTS


AAA

(Triple A)

Extremely Strong

Capacity

Debt instruments rated 'AAA' have extremely strong capacity to meet financial

commitments. These are judged to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

(Double A)


Debt instruments rated 'AA' have very strong capacity to meet financial commitments.

These are judged to be of very high quality, subject to very low credit risk.

A1, A2, A3

(Single A)

Strong Capacity

Debt instruments rated 'A' have strong capacity to meet financial commitments, but

susceptible to the adverse effects of changes in circumstances and economic

conditions. These are judged to be of high quality, subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity

Debt instruments rated 'BBB' have adequate capacity to meet financial commitments but

more susceptible to adverse economic conditions or changing circumstances. They are

subject to moderate credit risk. Such rated projects possess certain speculative

characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity

Debt instruments rated 'BB' have inadequate capacity to meet financial commitments.

They have major ongoing uncertainties and exposure to adverse business, financial, or

economic conditions. Such projects have speculative elements, and are subject to

substantial credit risk.

B1, B2, B3

(Single B)

Weak Capacity

Debt instruments rated 'B' have weak capacity to meet financial commitments. They

have speculative elements and are subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)

Very Weak Capacity

Debt instruments rated 'CCC' have very weak capacity to meet financial obligations.

They have very weak standing and are subject to very high credit risk.

CC

(Double C)

Extremely Weak

Capacity

Debt instruments rated 'CC' have extremely weak capacity to meet financial obligations.

They are highly speculative and are likely in, or very near, default, with some prospect

of recovery of principal and interest.

C

(Single C)

Near to Default

Debt instruments rated 'C' are highly vulnerable to non-payment, have payment

arrearages allowed by the terms of the documents, or subject of bankruptcy petition,

but have not experienced a payment default. Payments may have been suspended in

accordance with the instrument's terms. They are typically in default, with little prospect

for recovery of principal or interest.

D

Default

'D' rating will also be used upon the filing of a bankruptcy petition or similar action if





category.


53

Appendix 11: CRAB Rating Scales and Definitions –Project Finance (Long Term)

LONG TERM CREDIT RATING:PROJECT FINANCE


AAA

(Triple A)

Extremely Strong

Capacity &Minimal

Credit Risk

Projects rated 'AAA' have extremely strong capacity to meet financial commitments.

These are judged to be of the highest quality, with minimal credit risk.

AA1, AA2, AA3*

(Double A)


&Very Low Credit Risk

Projects rated 'AA' have very strong capacity to meet financial commitments. These are

judged to be of very high quality, subject to very low credit risk.

A1, A2, A3

(Single A)

Strong Capacity &

Low Credit Risk

Projects rated 'A' have strong capacity to meet financial commitments, but susceptible to

the adverse effects of changes in circumstances and economic conditions. These are

judged to be of high quality, subject to low credit risk.

BBB1, BBB2, BBB3

(Triple B)

Adequate Capacity &

Moderate Credit Risk

Projects rated 'BBB' have adequate capacity to meet financial commitments but more

susceptible to adverse economic conditions or changing circumstances. They are subject

to moderate credit risk. Such rated projects possess certain speculative characteristics.

BB1, BB2, BB3

(Double B)

Inadequate Capacity

& Substantial Credit

Risk

Projects rated 'BB' have inadequate capacity to meet financial commitments. They have

major ongoing uncertainties and exposure to adverse business, financial, or economic

conditions. Such projects have speculative elements, and are subject to substantial credit

risk.

B1, B2, B3

(Single B)


Credit Risk

Projects rated 'B' have weak capacity to meet financial commitments. They have

speculative elements and are subject to high credit risk.

CCC1, CCC2, CCC3

(Triple C)



Projects rated 'CCC' have very weak capacity to meet financial obligations. They have very

weak standing and are subject to very high credit risk.

CC

(Double C)

Extremely Weak


High Credit Risk

Projects rated 'CC' have extremely weak capacity to meet financial obligations. They are

highly speculative and are likely in, or very near, default, with some prospect of recovery

of principal and interest.

C

(Single C)

Near to Default

Projects rated 'C' are highly vulnerable to non-payment, have payment arrearages allowed

by the terms of the documents, or subject of bankruptcy petition, but have not

experienced a payment default. Payments may have been suspended in accordance with

the instrument's terms. They are typically in default, with little prospect for recovery of

principal or interest.

D

Default

'D' rating will also be used upon the filing of a bankruptcy petition or similar action if





category.

Appendix 12: CRAB Rating Scales and Definitions –SME


54

Rating Rating Definition

CRAB-SE 1/ME 1 The highest credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 2/ME 2 The high credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 3/ME 3 The adequate credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 4/ME 4 The moderate credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 5/ME 5 The inadequate credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 6/ME 6 The risk prone credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 7/ME 7 The poor credit-quality rating assigned by CRAB to an SE/ME

CRAB-SE 8/ME 8 The lowest credit-quality rating assigned by CRAB to an SE/ME

Phone: 8802 9571497, 9571238, 7175368, 7125439, 7118615

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Corporate Office:Sena Kalayan Bhaban (SKB)

Level: 16, Suite: 1601 & 1602195 Motijheel C/A, Dhaka 1000, Bangladesh

Phone: 8802 9571497, 9571238, 7175368, 7125439, 7118615Fax: 8802 9563837

Email: [email protected]: www.crab.com.bd, www.crabrating.com

Chittagong Excel SM Tower, Ground Floor

62, Zakir Hossain Road(Garibulla Shah Mazar Road)

GEC, KhulshiPhone: 88031 632021, 632022, Fax: 88031

Bogra Office:Molaya Bhaban (1484/A Roy Bahadur Road

Jaleswaritola, BograEmail: [email protected]

Phone: 01713-202660, 01777

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Corporate Office:Sena Kalayan Bhaban (SKB)

Level: 16, Suite: 1601 & 1602195 Motijheel C/A, Dhaka 1000, Bangladesh

Phone: 8802 9571497, 9571238, 7175368, 7125439, 7118615Fax: 8802 9563837

Email: [email protected]: www.crab.com.bd, www.crabrating.com

Chittagong Office:Excel SM Tower, Ground Floor

62, Zakir Hossain Road(Garibulla Shah Mazar Road)

GEC, Khulshi, Chittagong88031 632023

Bogra Office:Molaya Bhaban (1st Floor)484/A Roy Bahadur Road

Jaleswaritola, [email protected], 01777-758864

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