IPDC awarded AAA rating

IPDC Finance Limited, the first financial institution of Bangladesh, has recently been awarded with the prestigious rating AAA in the long term, and ST-1 in the short term, from Emerging Credit Rating Limited.

AAA is the highest possible rating and reflects issuer's current capacity to meet its debt obligations and has an extremely low solvency risk from changes in business, financial, or economic conditions.

The assigned rating represents the strength of the Company, which is backed by experienced Board of Directors, good asset quality with normal amount of non-performing loan (NPL), good capital base with high tier-1 capital and CRAR, well-organized management team, specialization and competence in industrial investment.

Managing Director and CEO of IPDC Finance Limited Mominul Islam said, "Getting the highest rating despite the current financial situation speaks of the strength of the company and the quality of the assets and we at IPDC promise to uphold that".