New credit rating for Green Delta Insurance
Friday, 31 August 2007
FE Report
Green Delta Insurance Company Ltd (GDIC) has been assigned AA2 rating in the long term and ST-1 in the short term by the Credit Rating Agency of Bangladesh Ltd recently, said a press release.
The rating was assigned to GDIC based on the audited financial statements of December 31st, 2006 and other relevant information. Strong organisation characterised by good financials, very high claim paying ability, healthy and sustainable franchises and a first rate operating environment are the areas that gave the GDIC AA2 category in the long term.
On the other hand, the company has been assigned ST1 category for its high capacity for timely repayment of obligations, excellent liquidity strength, internal fund generation capacity and access to alternative sources of funds.
Green Delta is committed to offer high quality insurance service for its clients in the years to come.
Green Delta Insurance Company Ltd (GDIC) has been assigned AA2 rating in the long term and ST-1 in the short term by the Credit Rating Agency of Bangladesh Ltd recently, said a press release.
The rating was assigned to GDIC based on the audited financial statements of December 31st, 2006 and other relevant information. Strong organisation characterised by good financials, very high claim paying ability, healthy and sustainable franchises and a first rate operating environment are the areas that gave the GDIC AA2 category in the long term.
On the other hand, the company has been assigned ST1 category for its high capacity for timely repayment of obligations, excellent liquidity strength, internal fund generation capacity and access to alternative sources of funds.
Green Delta is committed to offer high quality insurance service for its clients in the years to come.