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 |
AAA |
|
Short-Term |
ST-1 |
|
Publishing Date | 15 May 2024 |
|
Expiry
Date |
14 May 2025 |
|
Rating |
Explanation |
|
AAA |
Highest Grade: Highest claims paying ability, Risk factors are negligible and almost risk free. |
|
ST-1 |
Highest Grade: Very high claims paying ability. Protection factors are strong, Risk is modest, but may vary slightly over time due to underwritting and/or economic condition. |
|
Rating
Based On | This credit rating report is being released by ARGUS Credit Raing Services Limited after analyzing the performance of the company as on audited fainancials from FY21 to FY23 (Ending December 31) & unaudited Q1FY24 with due consideration to subsequent events up to the date of reporting. |