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BRAC Bank gets highest credit rating from Moody’s

  • Staff Correspondent
  • 28 November, 2022 12:00 AM
  • Print news
BRAC Bank gets highest credit rating from Moody’s

BRAC Bank has received the highest Credit Rating ‘Ba3’ with a ‘Stable’ Outlook affirmed by the internationally renowned agency Moody’s Investor Service.

BRAC Bank is now the only Bangladeshi Bank with ‘Ba3’ rating, which is equivalent to the Sovereign Rating of Bangladesh, an extraordinary accomplishment the bank has maintained since 2019, said a press release.

According to Moody’s latest affirmation on September 22, 2022, BRAC Bank’s Ba3 long-term deposit and issuer ratings reflect its better-than-peer average asset quality and capitalisation.

The ratings also reflect the bank's strong funding structure and good liquidity.

The stable outlook on BRAC Bank's ratings reflects Moody’s expectation that Bangladesh's robust economic growth and the pandemic-related forbearance measures.