Uttara Bank Ltd.
Uttara Bank Ltd.

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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 31.12.2015

 


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 2015.

 

A comparative position of the credit ratings (Surveillance rating) of Uttara Bank Limited for the year 2015 and 2014 are furnished below:


 

Year of Rating

Rating Results

Long Term

Short  Term

2015

“AA3”
(Very Strong Capacity & Very High Quality)  

ST-2
(High Grade)

2014

“AA3”
 (Very Strong Capacity & Very High Quality) 

ST-2
(High Grade)

Date of Rating

23 June 2016

Validity of Rating 

30 June 2017

Outlook 

Stable

 

Commercial Banks rated “AA3” in the long term have very strong capacity to meet their financial commitments. They differ from the highest rated Commercial Banks only to a small degree. “AA3”  is judged to be of very high quality and is subject to very low credit risk. 

 

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.

 

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