Please be informed that ARGUS Credit Rating Services Limited (“ACRSL”) has conducted Credit Rating of “Islami Insurance Bangladesh Limited”. Rating details are given below:
CREDIT RATING | CURRENT |
Long-Term | AA+ |
Short-Term | ST-2 |
Publishing Date | 30 June, 2022 |
Expiry Date | 29 June, 2023 |
| |
Rating | Explanation |
AA+ | 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. |
ST-2 | 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 29 ] audited/management certified balance sheet and that management has disclosed all material & adverse to financials since Q2FY21. |
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