Please be informed that ARGUS Credit Rating Services Limited (“ACRSL”) has conducted Credit Rating of “Islami Insurance Bangladesh Limited”. Rating details are given below:
08 July, 2021
07 July, 2022
Long term: Very high claims paying ability. Protection factors are strong. Risk is modest, but may vary slightly over time due to underwriting and/or economic condition.
Short Term: High claims paying ability. Protection factors are good and there is an expectation of variability in risk over time due to economic and/or underwriting conditions.
Rating Based On
Rating Validity: This validity assumes no additional loan over that disclosed in Q2FY21 [ending June 30] audited/management certified balance sheet and that management has disclosed all material & adverse to financials since Q2FY21.