Uttara Bank Ltd.
Uttara Bank Ltd.

PrintFont Size

Uttara Bank Limited

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

 

CREDIT RATING REPORT (SURVEILLANCE) ON UTTARA
BANK  LIMITED RATED BY CRAB BASED ON 15.06.2017

 


Credit Rating Agency of  Bangladesh Limited  (CRAB)  has affirmed the long term rating of Uttara Bank Limited at "AA3" (pronounced as 'Double A three') and the short term rating at "ST-2" for the year 2016.

 

A comparative position of the credit ratings (Surveillance rating) of Uttara Bank Limited for the year 2016 and 2015 are furnished below:

 

Surveillance rating
2016

Surveillance rating
2015

Defination

Long Term: AA3

Long Term: AA3

Commercial Banks rated “AA3” in the long term have very strong capacity to meet their financial commitments.  “AA3”  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     :     15 June 2017

 

 

Rating Validity    :      30 June 2018

 

 

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