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Please be informed that ARGUS Credit Rating Services Limited (“ACRSL”) has conducted Credit Rating of “Islami Insurance Bangladesh Limited”. Rating details are given below:

 

CREDIT RATING

CURRENT

Long-Term

AA+

Short-Term

ST-2

Publishing Date

30 June, 2022

Expiry Date

29 June, 2023

 

Rating

Explanation

AA+

Long term: Very high claims paying ability. Protection factors are strong. Risk is modest, but may vary slightly over time due to underwriting and/or economic condition.

ST-2

Short Term: High claims paying ability. Protection factors are good and there is an expectation of variability in risk over time due to economic and/or underwriting conditions.

Rating Based On

Rating Validity: This validity assumes no additional loan over that disclosed in Q1FY22 [ending June 30] audited/management certified balance sheet and that management has disclosed all material & adverse to financials since Q1FY22.