Both Summit Corporation Ltd (SCL) and Summit Power Ltd (SPL) maintained long term 'AAA' credit rating, according to a statement.
On behalf of Summit Corporation Limited (SCL) and Summit Power Limited (SPL) Vice Chairman Latif Khan and Director Azeeza Khan received the credit rating reports from President and CEO of Credit Rating Information & Services Limited (CRISL) Muzaffer Ahmed, FCMA recently.
Vice Chairman Jafer Ummeed Khan, Director Salman Khan, Director Azharul Haque FCA, Managing Director of SPL Lt Gen Abdul Wadud (Rtd), Managing Director of Summit Gazipur (I & II) Mozammel Hossain, SCL Executive Director Syed A K Rahat Jaman Sohel and SPL Financial Controller and Company Secretary Swapon Kumar Pal, ACA were also present on the occasion.
Both Summit Corporation Limited (SCL), the holding company of all power concerns of Summit Group and Summit Power Limited (SPL), the publicly listed power generation company, have received long term 'AAA' (pronounced as triple A) and short term 'ST-1' credit rating by CRISL.
CRISL stated that the long term AAA credit rating of SCL and SPL indicates the highest safety and have highest credit quality of these companies.
Short term rating ST-1 indicates highest certainty of timely repayment. These are highest possible ratings, the release added.
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