Credit Rating Report

Credit Rating Report

Credit Rating Agency of Bangladesh Limited (CRAB) has assigned “BBB2” (pronounced Triple B Two) rating in the long term and “ST-3” rating in the short term (valid till 30 June 2018) to People’s Leasing & Financing Services Limited. CRAB performed the rating surveillance based on audited financial statement up to 31st December 2016 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 PLFSL. However, the rating is constrained by increased non performing loan and substantial exposure in capital market.

Previous Ratings

Date of Rating Long Term Short Term Outlook
31 July 2013 A2 ST-3 Stable
31 May 2012 A2 ST-2 Stable