MBL’s credit rating upgraded to A1

Credit Rating Agency of Bangladesh (CRAB) has upgraded the rating of Modhumoti Bank Limited to “A1” (Up to June 30, 2022) based on the financial statements of the Bank as of December 31, 2020 which was “A2” in the last year. 

Long Term rating “A1” indicates that the Bank has strong capacity to meet financial commitment/ obligations. In the Short Term rating, Modhumoti Bank has been awarded “ST-2” which indicates that Bank has strong capacity for timely repayment of obligations. 

The Bank is on a very sound and strong footing in terms of its liquidity base, internal fund generation capacity and also having access to alternative sources of arranging funds to revel a commendable position.