\\\'AAA\\\' for British American Tobacco Bangladesh
Monday, 29 June 2015
British American Tobacco Bangladesh Limited (BATBL) has been rated the highest level credit rating ‘AAA’ in long term and ‘ST-1’ in the short term for outstanding financial commitments for shareholders. Credit Rating Information and Services Limited (CRISL), a public limited company dedicated for credit rating and related services, has certified BATBL for the rating recently examining its audited financial statement and updated information up to December 31, 2014. BATBL obtains the AAA for high quality of credit with highest safety, risk free and negligible risk factors and the ST-1 for highest certainty of timely and safety payment and short term liquidity for the shareholders. AAA credit rating is the highest possible rating assigned to the bonds of a company by credit rating agencies. The rating means company’s strong capacity of repayment for stock holders and congenial position in stock market, according to BSS.