Business

BRAC Bank again gets highest rating from Moody’s Investor Service


Published : 27 Nov 2022 08:40 PM

BRAC Bank has again got the highest Credit Rating ‘Ba3’ with a ‘Stable’ Outlook affirmed by the internationally renowned agency Moody’s Investor Service. 

BRAC Bank is now the only Bangladeshi Bank with ‘Ba3’ rating, which is equivalent to the Sovereign Rating of Bangladesh, an extraordinary accomplishment the bank has maintained since 2019. 

According to Moody’s latest affirmation on September 22 BRAC Bank’s Ba3 long-term deposit and issuer ratings reflect its better-than-peer average asset quality and capitalization. The ratings also reflect the bank's strong funding structure and good liquidity.

Commenting on the rating, the bank’s Managing Director & CEO, Selim R. F. Hussain said: “Efficient management of balance sheet and liquidity, strong compliance culture, independent and visionary board and a professional management team have been key determinants of this credit rating excellence over the years.”