HSBC retains highest rating
Tuesday, 24 February 2009
HSBC Bangladesh retained its 'AAA' rating in the long-term and ST-1 rating in the short-term, which are the highest levels of ratings for any bank or financial institution.
Credit Rating Agency of Bangladesh Ltd (CRAB) carried out the task of rating assessment based on the performance of the bank in 2008 and further relevant developments.
CRAB's Vice President HS Sohrawardhi handed over the rating award and report to HSBC Bangladesh Chief Executive Officer Sanjay Prakash at the latter's main office.
HSBC Head of Finance Mustafa A Aolad, Deputy Head of Finance Nayeem R Chowdhury, Manager Finance Kashafud Duza, CRAB senior financial analysts Ehsanul Kabir, Tajul Islam and other senior executives of the organisations were present at the report handover ceremony.
Credit Rating Agency of Bangladesh Ltd (CRAB) carried out the task of rating assessment based on the performance of the bank in 2008 and further relevant developments.
CRAB's Vice President HS Sohrawardhi handed over the rating award and report to HSBC Bangladesh Chief Executive Officer Sanjay Prakash at the latter's main office.
HSBC Head of Finance Mustafa A Aolad, Deputy Head of Finance Nayeem R Chowdhury, Manager Finance Kashafud Duza, CRAB senior financial analysts Ehsanul Kabir, Tajul Islam and other senior executives of the organisations were present at the report handover ceremony.