DBH rated highest 'AAA' for 3rd consecutive year
Wednesday, 26 November 2008
Delta Brac Housing Finance Corporation Ltd. (DBH), the leading housing finance company, was rated 'AAA' (Triple A), top of the rating scale for long term and ST-1 for short term for the third consecutive year.
Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) disclosed this Monday while handing over the Credit Rating Report to Mr. Q.M. Shariful Ala, Managing Director of DBH at the latter's corporate office in Dhaka. Senior officials of DBH and CRAB were present at the function.
The CRAB Credit Rating Report said the highest credit quality rating reflects DBH's strong market position in the housing finance industry along with its sound asset quality and conservative provisioning policy, well diversified resource base and ability to maintain steady track record of profitability in a strong competitive market environment. The rating also considers strong parental support it continues to get from the sponsors and highly qualified professional support from management in taking appropriate action in any adverse operating environment, it said.
Mr. Hamidul Huq, Managing Director of Credit Rating Agency of Bangladesh (CRAB) disclosed this Monday while handing over the Credit Rating Report to Mr. Q.M. Shariful Ala, Managing Director of DBH at the latter's corporate office in Dhaka. Senior officials of DBH and CRAB were present at the function.
The CRAB Credit Rating Report said the highest credit quality rating reflects DBH's strong market position in the housing finance industry along with its sound asset quality and conservative provisioning policy, well diversified resource base and ability to maintain steady track record of profitability in a strong competitive market environment. The rating also considers strong parental support it continues to get from the sponsors and highly qualified professional support from management in taking appropriate action in any adverse operating environment, it said.