BRAC Bank has again got the highest Credit Rating with a ‘Stable’ outlook affirmed by the internationally renowned agency Moody’s Investor Service.
BRAC Bank is now the only Bangladeshi Bank with a ‘B1’ rating, equivalent to the Sovereign Rating of Bangladesh, an extraordinary accomplishment the bank has maintained since 2019, according to a media release.
The world-renowned credit rating agency – Moody’s Investors Service – has changed the outlook for Bangladesh’s banking system to stable from negative, reflecting their expectation that profitability and liquidity stress have eased.
The stable outlook also reflects their expectation that the government will continue to support banks when needed to maintain systemic stability, the release says.
