Uttara Bank Limited

47, Shahid Bir Uttam Asfaqus Samad Sarak
(Former 90, Motijheel Commercial Area)
Motijheel, Dhaka-1000.

 

CREDIT RATING REPORT ON UTTARA
BANK  LIMITED RATED BY EMERGINGCREDIT RATING LIMITED (ECRL) ON 08.09.2020

 

---

Emarging Credit Rating Limited (ECRL) has affirmed the long term rating of Uttara Bank Limited at "AA" (pronounced as 'Double A') and the short term rating at "ST-2" for the year 2019.

 

The Surveillance Rating of Uttara Bank Limited for the year 2019 and 2018 respectively are furnished below.

Surveillance ?rating 2019
	Surveillance rating 2018	Defination
Long Term: AA	Long Term: AA	Commercial Banks rated “AA” in the long term have very strong capacity to meet their financial commitments.  “AA”  is judged to be of very high quality and is subject to very low credit risk.
Short Term: ST-2	Short Term: ST-2	Commercial Banks rated “ST-2” in the short term category are considered to have strong capacity for timely repayment. Commercial Banks rated in this category are characterized with commendable position in terms of liquidity, internal fund generation, and access to alternative sources of funds.

 

The rating reflects the Bank’s strength in high quality of liquid asset and internal capital generation.

 

 

Date of Rating     :     08 September 2020

 

 

Rating Validity    :      30 June 2021

 

 

A ‘stable outlook’ has been assigned to the Bank.