BAT Bangladesh receives AAA rating

British American Tobacco Bangladesh has received AAA credit rating for the long term and ST-1 in the short term for highest credit quality and outstanding financial commitments to shareholders.

AAA credit rating is the highest possible rating assigned to the bonds of a company by credit rating agencies. The rating signifies a company's strong capacity to repay stockholders and congenial position in the stockmarket.

This recognises the strong and confidential financial commitments of the company, said William Pegel, finance director of BATB.

“The rating indicates our excellent financials, healthy and sustainable franchise and first rated operating environment.”

The lone listed tobacco company of the country got the apex rating for the first time from Credit Rating Information and Services (CRISL) after its scrutiny of audited and up to date financials for 2014, BATB said in a statement recently.

About 15 percent of BATB is owned by the government and it is the highe