BRAC Bank rated ‘stable’ by S&P

BRAC Bank has once again secured a ‘B+’ credit rating with a ‘Stable’ outlook, as affirmed by the renowned US-based credit rating institution, S&P Global Ratings. Despite the recent Banking Industry Country Risk Assessment (BICRA) for Bangladesh seeing a revision in industry risk trend from stable to negative, S&P Global Ratings maintained BRAC Bank’s solid B+ rating with a stable outlook. S&P Global Ratings’ affirmation on August 8 highlights BRAC Bank’s prominent position in the industry. Their long-term rating of B+ with a stable outlook is a testament to BRAC Bank’s superior asset quality, proficient liquidity management in foreign and local currency, and capital adequacy.