Credit Rating Agency of Bangladesh Limited (CRAB) has assigned “A2” (pronounced Single A Two) rating in the long term and “ST-3” rating in the short term to People’s Leasing And Financing Services Limited. CRAB performed the rating surveillance based on audited financial statement up to 31st December 2013 and other available information up to the date of rating. The outlook on the rating is Stable.
The rating reflects the Company’s strength in core business income. Rating also considers the strong capital base of PLFS. However, the rating is constrained by increased non performing loan and substantial exposure in capital market.
|Date of Rating
|31 July 2013
|31 May 2012