Midland Bank gets ‘A1’ rating
The Credit Rating Agency of Bangladesh (CRAB) has upgraded long term credit rating of Midland Bank to "A1" based on financial statements as of December 31, 2020, whereas it was "A2" last year.
A long term "A1" rating indicates strong capacity to meet financial commitments, high quality and being subject to low variability in credit risk, says a press release.
In a short term rating, the bank has been awarded "ST-2", which indicates strong capacity for timely repayment of its commitments.
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