Sandhani Life Ins rated A3 in long term, ST-3 in short term
Monday, 5 November 2007
FE Report
Credit Rating Agency of Bangladesh (CRAB) Limited has awarded A3 rating in the 'long term' and ST-3 rating in the 'short term' to the Sandhani Life Insurance Company Ltd.
Insurance companies rated A3 are financially strong, characterised by good financial health, high claim-paying ability, etc. The level, growth and quality of earnings over the medium term are of high grade, and changes in business or economic circumstances may slightly impair the underlying fundamentals.
Insurance companies rated ST-3 are considered to have satisfactory capacity for timely repayment of claims.
Companies rated in this category are characterised with satisfactory level of liquidity, internal fund generation, and access to alternative sources of funds is outstanding.
Credit Rating Agency of Bangladesh (CRAB) Limited has awarded A3 rating in the 'long term' and ST-3 rating in the 'short term' to the Sandhani Life Insurance Company Ltd.
Insurance companies rated A3 are financially strong, characterised by good financial health, high claim-paying ability, etc. The level, growth and quality of earnings over the medium term are of high grade, and changes in business or economic circumstances may slightly impair the underlying fundamentals.
Insurance companies rated ST-3 are considered to have satisfactory capacity for timely repayment of claims.
Companies rated in this category are characterised with satisfactory level of liquidity, internal fund generation, and access to alternative sources of funds is outstanding.