Modhumoti Bank gets ‘A1’ rating

The Credit Rating Agency of Bangladesh has upgraded the rating of Modhumoti Bank to "A1", to be effective till June 30, 2022, based on its financial statements as of December 31, 2020. Last year it was "A2", says a press release.

A long term "A1" rating indicates strong capacity to meet financial commitments and obligations. In a short term rating, the bank has been awarded an "ST-2", which indicates strong capacity in timely repayment of obligations.