rating update -september 2018 (update up to 30 september...

110
Rating Update -September 2018 (Update up to 30 September 2018) Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings (Alphabetical order) Firm Type Rating Long Term Short Term* Outlook Corporate and SME 1 3M SME Initial Rating CRAB-SE 4 - - - 2 A & B Outwear Ltd. Corporate Surveillance - BBB 1 (Lr) ST-3 Stable 3 A & J International SME Surveillance CRAB-SE 4 - - - 4 A B Steel House SME Initial Rating CRAB-SE 4 - - - 5 A H Khan & Co Corporate Surveillance - BBB 1 (Lr) ST-1 - 6 A H Trading Corporation SME Initial Rating CRAB-SE 3 - - - 7 A K Fish & Poultry Feed (Pvt.) Ltd. SME Surveillance CRAB-ME 3 - - - 8 A K Shoes SME Surveillance CRAB-SE 4 - - - 9 A Kashem Timber & Sawmill SME Surveillance CRAB-ME 3 - - - 10 A M Associates SME Initial Rating CRAB-SE 4 - - - 11 A M Cold Storage Ltd. Corporate Surveillance A 3 A 3 (Lr) ST-3 Stable 12 A M I And Company SME Surveillance CRAB-ME 2 - - - 13 A M pack Ltd. SME Surveillance CRAB-SE 4 - - - 14 A parvez Chowdhury SME Surveillance CRAB-SE 4 - - - 15 A R Embroidery & Design Ltd. SME Initial Rating CRAB-SE 4 - - - 16 A R Enterprise SME Initial Rating CRAB-SE 3 - - - 17 A R Enterprise (SIBL) SME Surveillance CRAB-SE 4 - - - 18 A Rahaman Engineering Works SME Initial Rating CRAB-SE 4 - - - 19 A S Enterprise SME Surveillance CRAB-ME 2 - - - 20 A S P Enterprise SME Surveillance CRAB-SE 3 - - - 21 A Tex International Ltd. Corporate Surveillance A 3 A 3 (Lr) ST-3 Stable 22 A Z Traders SME Initial Rating CRAB-SE 4 - - - 23 AA Synthetic Fibers Mills Ltd. Corporate Surveillance - BBB 1 (Lr) ST-3 - 24 AB Enterprise SME Initial Rating CRAB-ME 3 - - - 25 AB Nur International SME Initial Rating CRAB- SE 3 - - - 26 Abashik Bastraloy and Afzal Shoe Store SME Initial Rating CRAB-SE 3 - - - 27 Abbas Shopping Complex SME Initial Rating CRAB-SE 3 - - - 28 Abbas Steel House SME Surveillance CRAB-ME 3 - - - 29 ABC Leather SME Surveillance CRAB-SE 3 - - - 30 Abdul Al Shobhan Bricks SME Surveillance CRAB-SE 4 - - - 31 Abdul Barek Traders SME Surveillance CRAB-SE 3 - - - 32 Abdul Wahab SME Initial Rating CRAB-SE 4 - - - 33 Abdullah Al Jarbowa Makkah Filling Station SME Initial Rating CRAB-SE 3 - - - 34 Abdullah and Sons SME Initial Rating CRAB-SE 3 - - - 35 Abdullah Enterprise SME Initial Rating CRAB-SE 4 - - - 36 Abdullah Hardware SME Initial Rating CRAB-SE 4 - - - 37 Abdur Rahman SME Initial Rating CRAB-SE 4 - - - 38 Abdus Salam SME Initial Rating CRAB-SE 4 - - - Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, Dr-Debenture Rating * Short Term loans include both funded and non-funded limits. Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 1

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Page 1: Rating Update -September 2018 (Update up to 30 September 2018)crab.com.bd/wp-content/uploads/2018/10/CRAB_Rating-Update... · 1262 Multimedia Content & Communications Ltd. Corporate

Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

Corporate and SME1 3M SME Initial Rating CRAB-SE 4 - - -

2 A & B Outwear Ltd. Corporate Surveillance - BBB1(Lr) ST-3 Stable

3 A & J International SME Surveillance CRAB-SE 4 - - -

4 A B Steel House SME Initial Rating CRAB-SE 4 - - -

5 A H Khan & Co Corporate Surveillance - BBB1(Lr) ST-1 -

6 A H Trading Corporation SME Initial Rating CRAB-SE 3 - - -

7 A K Fish & Poultry Feed (Pvt.) Ltd. SME Surveillance CRAB-ME 3 - - -

8 A K Shoes SME Surveillance CRAB-SE 4 - - -

9 A Kashem Timber & Sawmill SME Surveillance CRAB-ME 3 - - -

10 A M Associates SME Initial Rating CRAB-SE 4 - - -

11 A M Cold Storage Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

12 A M I And Company SME Surveillance CRAB-ME 2 - - -

13 A M pack Ltd. SME Surveillance CRAB-SE 4 - - -

14 A parvez Chowdhury SME Surveillance CRAB-SE 4 - - -

15 A R Embroidery & Design Ltd. SME Initial Rating CRAB-SE 4 - - -

16 A R Enterprise SME Initial Rating CRAB-SE 3 - - -

17 A R Enterprise (SIBL) SME Surveillance CRAB-SE 4 - - -

18 A Rahaman Engineering Works SME Initial Rating CRAB-SE 4 - - -

19 A S Enterprise SME Surveillance CRAB-ME 2 - - -

20 A S P Enterprise SME Surveillance CRAB-SE 3 - - -

21 A Tex International Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

22 A Z Traders SME Initial Rating CRAB-SE 4 - - -

23 AA Synthetic Fibers Mills Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

24 AB Enterprise SME Initial Rating CRAB-ME 3 - - -

25 AB Nur International SME Initial Rating CRAB- SE 3 - - -

26 Abashik Bastraloy and Afzal Shoe Store SME Initial Rating CRAB-SE 3 - - -

27 Abbas Shopping Complex SME Initial Rating CRAB-SE 3 - - -

28 Abbas Steel House SME Surveillance CRAB-ME 3 - - -

29 ABC Leather SME Surveillance CRAB-SE 3 - - -

30 Abdul Al Shobhan Bricks SME Surveillance CRAB-SE 4 - - -

31 Abdul Barek Traders SME Surveillance CRAB-SE 3 - - -

32 Abdul Wahab SME Initial Rating CRAB-SE 4 - - -

33 Abdullah Al Jarbowa Makkah Filling Station SME Initial Rating CRAB-SE 3 - - -

34 Abdullah and Sons SME Initial Rating CRAB-SE 3 - - -

35 Abdullah Enterprise SME Initial Rating CRAB-SE 4 - - -

36 Abdullah Hardware SME Initial Rating CRAB-SE 4 - - -

37 Abdur Rahman SME Initial Rating CRAB-SE 4 - - -

38 Abdus Salam SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, Dr-Debenture Rating

* Short Term loans include both funded and non-funded limits.

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 1

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

39 Abdus Salam Traders SME Surveillance CRAB-SE 4 - - -

40 Abdus Samad SME Initial Rating CRAB-ME 3 - - -

41 Abedin Traders SME Initial Rating CRAB-SE 4 - - -

42 Abejan Chaul Kal SME Initial Rating CRAB-SE 3 - - -

43 Abid Enterprise SME Surveillance CRAB-SE 4 - - -

44 Abida Traders SME Initial Rating CRAB-SE 4 - - -

45 Abir Enterprise Corporate Surveillance - BB1(Lr) ST-4 -

46 Abir Fish & Sister Concern SME Initial Rating CRAB-SE 3 - - -

47 Abrar Traders SME Initial Rating CRAB-SE 4 - - -

48 Absolute Quality Wear Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-4 Stable

49 Abu Toiyab Enterprise SME Surveillance CRAB-SE 3 - - -

50 Abul Hasan Enterprise SME Surveillance CRAB-SE 3 - - -

51 Abul Khair Ceramic Industries Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

52 Abul Khair Limited Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

53 Abul Khair Steel Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

54 Acme Traders SME Surveillance CRAB-SE 4 - - -

55 Adams Garments Ltd. Corporate Surveillance - BBB3(Lr) - -

56 Adarsha Agro International SME Initial Rating CRAB-SE 4 - - -

57 Adex Corporation Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

58 Adex Engineering Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

59 Adhunik Poshak Shilpa Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

60 Advance Animal Science Co. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

61 Aegis Cotton Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

62 Aegis Spinning Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

63 Afsana Flour Mills Ltd. Corporate Surveillance - - ST-3 -

64 Aftab & Sons Trading Agency SME Initial Rating CRAB-SE 6 - - -

65 Aftab Automobiles Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

66 Aftab Trading SME Initial Rating CRAB-SE 6 - - -

67 Afzal Traders SME Initial Rating CRAB-SE 3 - - -

68 Agradoot Traders Ltd. SME Initial Rating CRAB-SE 3 - - -

69 Agrivision international SME Surveillance CRAB-SE 4 - - -

70 Agrotech Feeds Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

71 Ahad Traders SME Surveillance CRAB-SE 4 - - -

72 Ahammad Ali Iron Store and its sister concern Ashfia Steel Corporation SME Initial Rating CRAB-SE 3 - - -

73 Ahammed Traders SME Initial Rating CRAB-SE 4 - - -

74 Ahanaf Fabrics SME Surveillance CRAB-SE 4 - - -

75 Ahmed & Brothers SME Initial Rating CRAB-ME 3 - - -

76 Ahmed Agro Agency Corporate Surveillance - - ST-4 -

77 Ahmed Electric SME Initial Rating CRAB-SE 4 - - -

78 Ahmed Trade International Corporate Initial Rating - - ST-4 -

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is earlier.

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 2

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

79 Air Condition World SME Surveillance CRAB-SE 3 - - -

80 AITCO SME Surveillance CRAB-SE 4 - - -

81 Akanda Agro Park Ltd. SME Initial Rating CRAB-SE 4 - - -

82 Akash Motors SME Surveillance CRAB-SE 4 - - -

83 Akash Traders SME Initial Rating CRAB-SE 4 - - -

84 Akata Container Carrier Service SME Surveillance CRAB-ME 3 - - -

85 Akbar Trading Corporation SME Initial Rating CRAB-SE 4 - - -

86 Akco Industries and Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 -

87 Akkas Construction SME Surveillance CRAB-SE 3 - - -

88 Akoh Boat Builders Pvt. Ltd. SME Initial Rating CRAB-SE 3 - - -

89 Akota Traders SME Surveillance CRAB-SE 4 - - -

90 Akota Traders and its sister concern SME Initial Rating CRAB-SE 4 - - -

91 Aktar Textile SME Surveillance CRAB-SE 4 - - -

92 Al Ahad Industries Private Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

93 Al Amin Banijjalay SME Surveillance CRAB-SE 4 - - -

94 Al Amin Enterprise SME Initial Rating CRAB-ME 3 - - -

95 Al Amin Enterprise (Ctg) SME Surveillance CRAB-SE 4 - - -

96 Al Amin Enterprise (Dhaka) SME Initial Rating CRAB-SE 3 - - -

97 Al Amin Fish SME Initial Rating CRAB-SE 4 - - -

98 Al Amin Marine Engineering Works SME Surveillance CRAB-SE 4 - - -

99 Al Amin Plywood Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

100 Al Amin Steel SME Surveillance CRAB-SE 4 - - -

101 Al Amin textile SME Surveillance CRAB-SE 4 - - -

102 Al Amin Traders SME Surveillance CRAB-SE 3 - - -

103 Al Kobra International SME Initial Rating CRAB-SE 4 - - -

104 Al Mabruk Knittex Ltd. Corporate Surveillance BB2(Pr) - - -

105 Al Madina Steel SME Initial Rating CRAB-SE 3 - - -

106 Al Masud Shoes-3 SME Initial Rating CRAB-SE 3 - - -

107 Al Mina Textile Ltd. SME Initial Rating CRAB-SE 4 - - -

108 Al Mostafa Printing & Packaging Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

109 Al Noor Steel Complex Ltd. Corporate Surveillance - A3(Lr) ST-3 -

110 Al Rowad Iron & Thai Aluminium and Its Sister Concern Al rowad Enterprise SME Initial Rating CRAB-SE 3 - - -

111 Al Shefa Pharmacy SME Initial Rating CRAB-SE 4 - - -

112 Alam & Co. Corporate Surveillance - BB1(Lr) ST-3 -

113 Alam Bricks Manufacturing SME Initial Rating CRAB-SE 4 - - -

114 Alam Builders SME Surveillance CRAB-SE 4 - - -

115 Alam Enterprise SME Initial Rating CRAB-SE 3 - - -

116 Alam Trading Corporation Corporate Initial Rating - BBB3(Lr) ST-3 -

117 Alauddin Traders SME Initial Rating CRAB-SE 4 - - -

118 Alauddin Traders (IBBL) SME Initial Rating CRAB-SE 4 - - -

119 Albatross Technologies Ltd. Corporate Initial Rating BBB3 - - Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 3

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

120 ALEMA Textiles Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

121 Alfis Limited Corporate Surveillance - BBB2(Lr) ST-3 -

122 Alhaj Abul Kashem Sowdagor SME Surveillance CRAB-SE 3 - - -

123 Alhaz Ariz Enterprise SME Initial Rating CRAB-SE 4 - - -

124 Ali & Brothers Chicks & Poultry Feed Center SME Initial Rating CRAB-SE 4 - - -

125 Ali Ahmed & Sons SME Initial Rating CRAB-SE 4 - - -

126 Ali Ashraf & Brothers SME Surveillance CRAB-SE 3 - - -

127 Ali Enterprise SME Surveillance CRAB-SE 4 - - -

128 Ali Enterprise (UCBL) SME Surveillance CRAB-SE 4 - - -

129 Ali Hossain Traders Corporate Surveillance - - ST-3 -

130 Alif Auto Bricks Ltd. SME Surveillance CRAB-ME 5 - - -

131 Alif Steel Mills Ltd. SME Surveillance CRAB-ME 3 - - -

132 Alifa Enterprise & It's Sister Concern SME Surveillance CRAB-SE 3 - - -

133 Alim Knit Wears Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable

134 Alina Metal Industries & Manufacture GX Fan SME Initial Rating CRAB-SE 3 - - -

135 Alizan Steel Industries SME Initial Rating CRAB-ME 3 - - -

136 Allahamalik Traders SME Initial Rating CRAB-SE 3 - - -

137 Allahardan Fruit Agency SME Initial Rating CRAB-SE 4 - - -

138 Allardan Motso Khamar SME Initial Rating CRAB-SE 3 - - -

139 Alliance Stitches Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

140 ALM Trading SME Surveillance CRAB-ME 3 - - -

141 Almas Co. SME Initial Rating CRAB-ME 2 - - -

142 Alo Enterprise SME Initial Rating CRAB-SE 3 - - -

143 Alom Serve Palace SME Initial Rating CRAB-SE 3 - - -

144 AM Bricks SME Initial Rating CRAB-SE 4 - - -

145 Aman Agro Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

146 Aman Associates Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

147 Aman Breeders Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

148 Aman Cement Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

149 Aman Cement Mills Ltd. Unit 2 Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

150 Aman Cold Storage Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

151 Aman Cotton Fibrous Ltd. Corporate Surveillance A2 A2(Lr) ST-2 Stable

152 Aman Electronics SME Surveillance CRAB-SE 3 - - -

153 Aman Feed Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

154 Aman Jute Fibrous Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

155 Aman Packaging & Accessories Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

156 Aman Packaging Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

157 Aman Poultry & Hatchery Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

158 Aman Seeds Storage Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

159 Aman Spinning Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

160 Aman Tex Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 4

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

161 Aman Tex Unit-2 Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

162 Aman Trading Corporation Corporate Surveillance - BBB1(Lr) ST-3 -

163 Amana Daily Shop SME Initial Rating CRAB-SE 3 - - -

164 Amena Enterprise SME Surveillance CRAB-SE 4 - - -

165 Amena Enterprise (IBBL) SME Surveillance CRAB-SE 3 - - -

166 Amica Sweater SME Initial Rating CRAB-SE 4 - - -

167 Amin Agro Farm Ltd. SME Initial Rating CRAB-ME 4 - - -

168 Amin Plastic Industries SME Surveillance CRAB-SE 4 - - -

169 Amin Rice Mill SME Surveillance CRAB-SE 4 - - -

170 Amin Trading Corporation & Its Sister Concern SME Initial Rating CRAB-SE 3 - - -

171 Amir Brothers SME Initial Rating CRAB-SE 4 - - -

172 Amir Chaul Kall SME Initial Rating CRAB-SE 4 - - -

173 Amiruzzaman Chowdhury SME Initial Rating CRAB-SE 3 - - -

174 Amity Design Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

175 Amotex Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

176 Amran Textile SME Surveillance CRAB-SE 4 - - -

177 Amzad Hossain Trading SME Initial Rating CRAB-SE 3 - - -

178 An Ideal Tours & Travels SME Initial Rating CRAB-SE 4 - - -

179 Ananta Apparels Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

180 Ananta Casul Wear Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

181 Ananta Denim Technology Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

182 Ananta Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 -

183 ANB Bricks SME Surveillance CRAB-SE 4 - - -

184 Ani Enterprise Corporate Surveillance - - ST-3 -

185 Anik Composite Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

186 Anik Telecom Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 -

187 Anik Textile Mills Ltd. Corporate Initial Rating - BBB3(Lr) ST-4 -

188 Anika Trading Its Sister Concern SME Initial Rating CRAB-SE 3 - - -

189 Anis Enterprise SME Initial Rating CRAB-SE 4 - - -

190 Anjuman Garments Pvt. Ltd. Corporate Surveillance - - ST-3 -

191 Anowar Trading SME Initial Rating CRAB-SE 3 - - -

192 Ansar Agro Food Products SME Surveillance CRAB-SE 3 - - -

193 Anurag Traders SME Surveillance CRAB-ME 3 - - -

194 Anwar Hardware SME Initial Rating CRAB-SE 4 - - -

195 Anwar Trading SME Surveillance CRAB-SE 3 - - -

196 Anwer Khan Modern Hospital Ltd. Corporate Surveillance - A2(Lr) ST-3 -

197 Apex Foods Ltd. Corporate Surveillance A2 A2(Lr) ST-1, ST-3 Stable

198 Apex Lingerie Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

199 Apex Spinning & Knitting Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

200 Apex Textile Printing Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

201 Apex Yarn Dyeing Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 5

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

202 Apollo Traders Corporate Surveillance - BBB3(Lr) ST-3 -

203 Apparel Export Ltd. Corporate Surveillance - - ST-1, ST-3 -

204 Appollo Ispat Complex Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

205 Arab Feed Mills SME Surveillance CRAB-ME 3 - - -

206 Arab Fisheries SME Surveillance CRAB-ME 3 - - -

207 Arafat Corporation SME Initial Rating CRAB-ME 3 - - -

208 Arani Advertising Ltd. SME Initial Rating CRAB-SE 3 - - -

209 Arco Cold Storage Ltd. Corporate Surveillance - BB3(Lr) ST-4 -

210 Arif Collection SME Initial Rating CRAB-SE 4 - - -

211 Arif Enterprise SME Initial Rating CRAB-SE 4 - - -

212 Arif Enterprise (IBBL) SME Initial Rating CRAB-SE 3 - - -

213 Ariful & Brothers SME Surveillance CRAB-SE 3 - - -

214 ARL Ship Breaking Ltd. Corporate Surveillance - BBB3(Lr) ST-4, ST-1 -

215 ARMAC Services Ltd. Corporate Surveillance - C(Lr) ST-5 -

216 Arman Flour Mills SME Initial Rating CRAB-SE 3 - - -

217 Array International Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

218 Arrow Speed SME Initial Rating CRAB-SE 3 - - -

219 ARS Washing Ltd. SME Surveillance CRAB-ME 4 - - -

220 Artisan Outfitters Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable

221 Aryan Stone and Marble Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

222 Aryfin Furniture Mart SME Surveillance CRAB-SE 4 - - -

223 Asad Morad Bricks SME Surveillance CRAB-SE 4 - - -

224 Asfi Labels Ltd. SME Surveillance CRAB-SE 4 - - -

225 Asha Enterprise SME Surveillance CRAB-SE 4 - - -

226 Asha Jute Industries Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable

227 Asheem Traders SME Surveillance CRAB-SE 4 - - -

228 Ashik Enterprise SME Initial Rating CRAB-SE 4 - - -

229 Ashrafuzzaman & Co. SME Initial Rating CRAB-ME 2 - - -

230 Asia Car BD Ltd. Corporate Surveillance - - ST-3 -

231 Asia Marble & Granite SME Initial Rating CRAB-SE 3 - - -

232 Asian Optics SME Initial Rating CRAB-SE 3 - - -

233 Asif Traders (NCC Bank) Corporate Surveillance - BB2(Lr) ST-4 -

234 Askar Corporation SME Initial Rating CRAB-SE 3 - - -

235 Asma Printing & Pakaging Industries SME Initial Rating CRAB-SE 4 - - -

236 Asset Development & Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

237 Associated Garments Ltd. Corporate Surveillance - BB3(Lr) ST-4 -

238 Assurance Developments Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

239 AST Beverage Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

240 Astha Agro Complex & it's sister concern Janany Poultry FarmSME Initial Rating CRAB-SE 4 - - -

241 Astro Knitwear Ltd. Corporate Surveillance - - ST-4 -

242 Astro Pharmaceuticals Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 6

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

243 Astro Trading Ltd. SME Surveillance CRAB-SE 3 - - -

244 Athina Filling Station SME Initial Rating CRAB-SE 5 - - -

245 Athoy Tailors & Fabrics SME Initial Rating CRAB-SE 3 - - -

246 Atlas Footwear Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

247 Atoar Traders SME Initial Rating CRAB-SE 4 - - -

248 Auleek Services & Oncosys International JV Corporate Surveillance - BBB3(Lr) ST-3 -

249 Auntumoni Fashion SME Initial Rating CRAB-SE 4 - - -

250 Auto Emporium SME Initial Rating CRAB-SE 3 - - -

251 Auto Motor Importing SME Surveillance CRAB-SE 4 - - -

252 Avenger Textils Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

253 Aviation Support Ltd. Corporate Surveillance - - ST-1 -

254 Awal Store SME Surveillance CRAB-ME 3 - - -

255 Axis Knitwears Ltd. Corporate Initial Rating - BB1(Lr) ST-4 -

256 Ayan Metal Works SME Initial Rating CRAB-SE 3 - - -

257 Ayath Enterprise SME Initial Rating CRAB-SE 4 - - -

258 Ayesha Jute Fibres Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

259 Ayub & Sons SME Surveillance CRAB-SE 4 - - -

260 Ayubpur Textile Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable

261 Azad & Sons SME Initial Rating CRAB-SE 4 - - -

262 Azad Library SME Initial Rating CRAB-SE 3 - - -

263 Azad Sewing Machine Cong. SME Initial Rating CRAB-SE 4 - - -

264 Azhar Enterprise SME Surveillance CRAB-SE 3 - - -

265 Azmeer Traders SME Initial Rating CRAB-SE 4 - - -

266 Azmery Enterprise SME Initial Rating CRAB-SE 4 - - -

267 Azmi Foods Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

268 Azmir Shopping Centre SME Surveillance CRAB-SE 3 - - -

269 B M Traders SME Initial Rating CRAB-SE 4 - - -

270 B S Engineering works SME Surveillance CRAB-SE 3 - - -

271 B S Marketing Company Ltd. SME Initial Rating CRAB-ME 3 - - -

272 Baba Industries SME Surveillance CRAB-SE 4 - - -

273 Babu Enterprise Corporate Initial Rating - - ST-4 -

274 Babul Cloth Store SME Initial Rating CRAB-SE 4 - - -

275 Babul Plastic & Rubber Industries SME Surveillance CRAB-ME 3 - - -

276 Babul Textile & Sizing Mills SME Surveillance CRAB-SE 4 - - -

277 Badal & Company Corporate Initial Rating - BBB3(Lr) ST-1, ST-3 -

278 Badgetex Apparels Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

279 Badhon Motso Project SME Initial Rating CRAB-SE 3 - - -

280 Badol Garments SME Surveillance CRAB-SE 4 - - -

281 Bagdad Paribahan Sangstha SME Initial Rating CRAB-ME 4 - - -

282 Bajpakhi Ltd. SME Surveillance CRAB-SE 4 - - -

283 Baktiar Enterprise SME Surveillance CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 7

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

284 Bakul Shoe Store SME Surveillance CRAB-SE 3 - - -

285 Balaka Press & Publications Corporate Initial Rating - BBB2(Lr) ST-3 -

286 Baly Garments SME Surveillance CRAB-ME 3 - - -

287 Bandar Steel Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

288 Bangla Chemical SME Surveillance CRAB-SE 3 - - -

289 Bangla Foils Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

290 Bangladesh Army International University of Science & Technology (BAIUST) Corporate Surveillance - BBB2(Lr) - -

291 Bangladesh Army University of Science & Technology (BAUST) Corporate Surveillance - BBB1(Lr) - -

292 Bangladesh Auto Spring Industry Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

293 Bangladesh Technosity Ltd. Corporate Surveillance A3(Pr) - - -

294 Banoful & Co. Ltd. Corporate Initial Rating - A3(Lr) ST-3 -

295 Banoful Enterprise SME Initial Rating CRAB-SE 4 - - -

296 Banshkhali Salt Mills Ltd. SME Initial Rating CRAB-SE 4 - - -

297 Baraka Patenga Power Ltd. Corporate Initial Rating AA3 AA3(Lr) ST-3 Stable

298 Baraka Power Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable

299 Bari Agro Machineries SME Surveillance CRAB-SE 3 - - -

300 Baridhi Garments Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

301 Bashar Mollah Company SME Initial Rating CRAB-ME 3 - - -

302 Bashar Store SME Initial Rating CRAB-SE 4 - - -

303 Bashed & Sons and Its Sister Concern Lion Re-Rolling Mills Ltd.Corporate Initial Rating - BBB3(Lr) ST-3 -

304 Bashundhara Food & Beverage Ind. Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

305 Bashundhara Industrial Complex Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

306 Bashundhara LP Gas Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

307 Bashundhara Multi Food Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

308 Bashundhara Multi Paper Industries Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

309 Bashundhara Paper mills ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

310 Bata Shoe Company (Bangladesh) Ltd. Corporate Surveillance AAA - ST-1 Stable

311 Bay Development Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

312 BCL Ceramics Industries Ltd. Corporate Initial Rating BBB3(Pr) - - -

313 BCL Cold Storage Ltd. SME Surveillance CRAB-SE 4 - - -

314 BCL Paper Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

315 BD Corporation & Allied Concern Corporate Surveillance - BBB2(Lr) ST-3 -

316 BD Foods Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

317 BD Knit Design Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

318 BD Plast Ltd. SME Initial Rating CRAB-SE 4 - - -

319 BD Sea Food Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

320 Beacon Knitwear Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

321 Bela Fashions Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

322 Belal Poultry Firm SME Surveillance CRAB-SE 4 - - -

323 Belal Store SME Surveillance CRAB-SE 4 - - -

324 Belamy Textiles Ltd. Corporate Surveillance A3 A3 (Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 8

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

325 Bemisal Enterprise SME Surveillance CRAB-SE 3 - - -

326 Bengal Glory Ltd. SME Initial Rating CRAB-SE 3 - - -

327 Bengal Indigo Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-1, ST-3 Stable

328 Bengal Knittex Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

329 Bengal Meat Processing Ind. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

330 Bengal Pacific (Pvt.) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

331 Bengal Remedies Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

332 Bengal Technological Corporation Ltd. Corporate Surveillance - BB1(Lr) ST-3 -

333 Bengal Trading Co. SME Surveillance CRAB-SE 2 - - -

334 Bengal Windsor Thermoplastics Ltd. Corporate Surveillance AA3 AA1(Lr) ST-2 Stable

335 Best Dress Wear Ltd. Corporate Initial Rating - BB2(Lr) ST-4 -

336 Best Shirts Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

337 Best Steel Industries Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

338 Best Wool Sweaters Ltd. Corporate Surveillance A2 A2(Lr) ST-1, ST-3 Stable

339 BEXIM SME Initial Rating CRAB-SE 5 - - -

340 Bhai Bhai and Modern Telecom SME Initial Rating CRAB-SE 4 - - -

341 Bhai Bhai Bricks SME Surveillance CRAB-SE 4 - - -

342 Bhai Bhai Enterprise SME Initial Rating CRAB-SE 4 - - -

343 Bhai Bhai Enterprise SME Initial Rating CRAB-SE 3 - - -

344 Bhai Bhai Foler Arot SME Initial Rating CRAB- SE 4 - - -

345 Bhai Bhai Poultry Feed SME Surveillance CRAB-SE 4 - - -

346 Bhai Bhai Store SME Initial Rating CRAB-SE 4 - - -

347 Bhai Bhai Traders SME Initial Rating CRAB-SE 4 - - -

348 Bhai Bhai Traders (IBBL) SME Initial Rating CRAB-SE 3 - - -

349 Bhatgaon Hasking Mill SME Surveillance CRAB-SE 4 - - -

350 Bhawal Construction SME Surveillance CRAB-SE 3 - - -

351 Bhuiyan Chaul Kol SME Initial Rating CRAB-SE 4 - - -

352 Bhuiyan Enterprise SME Initial Rating CRAB-ME 3 - - -

353 Bhuiyan Enterprise and Its Sister Concern (Ekram Food Corner) SME Initial Rating CRAB-SE 4 - - -

354 Bhuiyan Foundation SME Initial Rating CRAB-SE 4 - - -

355 Bhuiyan M S Fish Feed Ltd. SME Initial Rating CRAB-SE 3 - - -

356 Bikash Cutting & Corrugated Ind. SME Initial Rating CRAB-SE 3 - - -

357 Bikrampur Potato Flakes Ind. Ltd. Corporate Surveillance - A3(Lr) ST-3 -

358 Binimoy Enterprise SME Surveillance CRAB-SE 4 - - -

359 Biolife Nutritionals SME Initial Rating CRAB-SE 4 - - -

360 Bismillah Agro Complex SME Initial Rating CRAB-SE 3 - - -

361 Bismillah Automatic Rice Mills Corporate Surveillance - - ST-3 -

362 Bismillah Enterprise Corporate Surveillance - BBB3(Lr) ST-3 -

363 Bismillah Moshari Store Corporate Surveillance - BBB2(Lr) - -

364 Bismillah Motso Khamar SME Initial Rating CRAB-SE 4 - - -

365 Bismillah Traders SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 9

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

366 Bismillah Traders & its Sister Concern SME Surveillance CRAB-SE 3 - - -

367 Biswas Electronic SME Initial Rating CRAB-SE 6 - - -

368 Biswas Traders & VIP Rice Mills Corporate Surveillance - BBB2(Lr) ST-3 -

369 Blossom Motors SME Initial Rating CRAB-SE 4 - - -

370 Bogdad Traders SME Initial Rating CRAB-SE 4 - - -

371 Boishakhai Sports SME Initial Rating CRAB-SE 4 - - -

372 Bokul Agro Food Industries SME Surveillance CRAB-SE 3 - - -

373 Bokul Rubber & Plastic Industries Ltd. SME Surveillance CRAB-SE 3 - - -

374 Bonafide Composite Textile Mills Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

375 Bonafide Knitting Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

376 Bonanza Trade Marketing. Corporate Surveillance - BBB3(Lr) ST-3 -

377 Bondhon Rice Agency & It's Sister Concern SME Initial Rating CRAB-SE 3 - - -

378 Bondhu Garments SME Initial Rating CRAB-SE 4 - - -

379 Bongo Stitches Ltd. Corporate Initial Rating - - ST-4 -

380 Bonito Communication SME Initial Rating CRAB-SE 3 - - -

381 Boras Knitwear Ltd. SME Surveillance CRAB-ME 4 - - -

382 Boro Bazar SME Initial Rating CRAB-SE 4 - - -

383 Borotakia Construction SME Surveillance CRAB-SE 4 - - -

384 Borotakia Enterprise SME Surveillance CRAB-SE 4 - - -

385 Borotakia Motors (Pvt.) Ltd. SME Surveillance CRAB-ME 3 - - -

386 Brahmmaputra Printing & Packaging SME Surveillance CRAB-SE 3 - - -

387 Bright Technologies Ltd. SME Surveillance CRAB-SE 4 - - -

388 Broad Band Telecom Services Ltd. Corporate Surveillance BBB3 BBB3(Lr) - Stable

389 Brother Flour Mill SME Surveillance CRAB-SE 4 - - -

390 Brothers Enterprise SME Surveillance CRAB-SE 4 - - -

391 Brothers Store SME Initial Rating CRAB-SE 4 - - -

392 BSM Food Products Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

393 BSM Syndicate Corporate Surveillance - - ST-3 -

394 Building Construction Ltd. Corporate Surveillance - - ST-3 -

395 Building Technology & Ideas Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

396 Bulbul General Electronics SME Surveillance CRAB-SE 3 - - -

397 Bulbul Traders SME Surveillance CRAB-SE 3 - - -

398 Butterfly Marketing Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

399 Butterfly Sewing Machine Manufacturing Co. Ltd. SME Initial Rating CRAB-SE 4 - - -

400 C & A Agro Ltd. Corporate Surveillance - BBB3(Lr) - -

401 CA Property Development Ltd. (CPDL) Corporate Initial Rating - BBB3(Lr) ST-4 -

402 Camy Electrical Industries SME Surveillance CRAB-SE 2 - - -

403 Car Selection Corporate Surveillance - BBB1(Lr) ST-3 -

404 CB Hospital Ltd. Corporate Surveillance BBB3(Pr) - - -

405 CBM Bricks SME Surveillance CRAB-ME 4 - - -

406 Celluler Mobile Pte Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 10

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

407 Center Point SME Surveillance CRAB-ME 4 - - -

408 Centro Tex Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-1 Stable

409 Chaity Enterprise SME Surveillance CRAB-SE 4 - - -

410 Chan Traders SME Initial Rating CRAB-SE 4 - - -

411 Charm Fashion Corporate Surveillance - BBB3(Lr) ST-3 -

412 Charu Ceramic Industries Ltd. Corporate Surveillance - A3(Lr) ST-3 -

413 Chattagram Enterprise SME Initial Rating CRAB-SE 3 - - -

414 Cherry Knitwear Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

415 China Bangla Foods SME Surveillance CRAB-ME 3 - - -

416 China Bangla Shopping Complex SME Surveillance CRAB-ME 3 - - -

417 China Bazar SME Initial Rating CRAB-SE 4 - - -

418 Chittagong Asian Apparels Limited. Corporate Surveillance A2 A2(Lr) ST-3 Stable

419 Chittagong Asian Paper Mills (Pvt.) Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

420 Chittagong Electronics SME Initial Rating CRAB-SE 3 - - -

421 Chittagong Golden Services Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable

422 Chittagong Timber Complex SME Initial Rating CRAB-ME 4 - - -

423 Chittagong Waste Treatment Plants Ltd. SME Surveillance CRAB-SE 4 - - -

424 Choity Thai Aluminum SME Initial Rating CRAB-SE 4 - - -

425 Chowdhury Enterprise SME Initial Rating CRAB-SE 4 - - -

426 Chowdhury Enterprise (IBBL) Corporate Surveillance - - ST-3 -

427 Chowdhury Himagar Ltd. SME Surveillance CRAB-SE 4 - - -

428 Chowdhury Rice Mill SME Surveillance CRAB-SE 4 - - -

429 Chowdhury Traders SME Initial Rating CRAB-SE 3 - - -

430 Chung Hua Aluminium Industry Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

431 City Corner and Akib & Brothers SME Initial Rating CRAB-SE 3 - - -

432 City Dal Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

433 City Feed Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

434 City Navigations Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

435 City Overseas Ltd. SME Initial Rating CRAB-ME 4 - - -

436 City Seed Crushing Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

437 City Sugar Industries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

438 City Trading Corporation SME Surveillance CRAB-SE 3 - - -

439 Clamoon Garments Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

440 Combined Food & Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-2 -

441 Comfit Composite Knit Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

442 Communications Technology SME Surveillance CRAB-SE 4 - - -

443 Compustar (Pvt) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable

444 Comtrade Enterprise SME Surveillance CRAB-SE 3 - - -

445 Cona Enterprise SME Initial Rating CRAB-SE 4 - - -

446 Confidence Trade Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

447 Continental Agency SME Surveillance CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 11

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

448 Continental Garments Industries (Pvt.) Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

449 Cosmic Steel Buildings Ltd. SME Surveillance CRAB-SE 4 - - -

450 Cosmopolitan Industries Pvt. Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

451 Cosmos Enterprise Corporate Surveillance - BB2(Lr) ST-4 -

452 CP Bangladesh Co. Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

453 Craft Castle SME Surveillance CRAB-ME 3 - - -

454 Crazy Fashions Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

455 Cristal Trading SME Initial Rating CRAB-SE 3 - - -

456 Crony Apparels Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

457 Crossline Factory (Pvt.) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

458 Crossline Knit Fabrics Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

459 Crown Cement Concrete & Building Products Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

460 Crown Fashion & Sweater Ind. Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

461 Crown Lub SME Initial Rating CRAB-SE 4 - - -

462 Crown Mariners Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

463 Crown Metal Merchandising Corporate Surveillance - BBB3(Lr) ST-3 -

464 Crown Polymer Bagging Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

465 Crown Transportation Logistics Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

466 Crown Wool Wear Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

467 CSF Garments (Pvt.) Ltd. Corporate Surveillance - - ST-3 -

468 Cutting Edge Garments Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

469 D & S Pretty Fashions Ltd. Corporate Initial Rating A1 A1(Lr) ST-3 Stable

470 D M Corporation SME Surveillance CRAB-SE 4 - - -

471 D S Fashion Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

472 Daeyu Bangladesh Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable

473 Daimond Net Industries SME Surveillance CRAB-SE 3 - - -

474 DAL Knitwear Ltd. Corporate Surveillance - A3(Lr) ST-3 -

475 Dalim Traders SME Surveillance CRAB-SE 3 - - -

476 Danish Condensed Milk Bangladesh Ltd. Corporate Surveillance - AA2(Lr) ST-2 -

477 Danish Foods Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

478 Danish Milk Bangladesh Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

479 Darussalam Enterprise Corporate Initial Rating - BBB1(Lr) ST-3 -

480 Das Impex SME Surveillance CRAB-SE 4 - - -

481 Data Solution Ltd. SME Surveillance CRAB-SE 4 - - -

482 Daveed Enterprise Ltd. SME Surveillance CRAB-SE 4 - - -

483 Decent Pharma Laboratories Corporate Surveillance - BBB3(Lr) ST-3 -

484 Deen Paper Converting & Packaging Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

485 Deepa Food Products Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

486 Dekko Knitwears Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

487 Delco Engineering SME Initial Rating CRAB-SE 3 - - -

488 Delco Engineering Ltd. SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 12

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

489 Delmon Motors Ltd. SME Initial Rating CRAB-SE 4 - - -

490 Delmon Trade International SME Initial Rating CRAB-SE 4 - - -

491 Delta Health Care Mirpur Ltd. Corporate Initial Rating - B2(Lr) - -

492 Delta Hospital Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

493 Denim Attires Limited Corporate Surveillance - BBB3(Lr) ST-3 -

494 Denim Expert Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

495 Desh International SME Initial Rating CRAB-SE 4 - - -

496 Desh Pharma SME Surveillance CRAB-SE 3 - - -

497 Desh Ship Building Engineering Ltd. Corporate Surveillance - BBB3(Lr) - -

498 Devine Intimates Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

499 Devine Trading Company SME Surveillance CRAB-ME 3 - - -

500 Dewan Electronics SME Surveillance CRAB-SE 4 - - -

501 Dhaka Bricks Supply & Co. SME Surveillance CRAB-ME 3 - - -

502 Dhaka Casual Mart (PVT.) Ltd. Corporate Initial Rating - BBB3(Lr) - -

503 Dhaka Intern Corporate Initial Rating BBB1 BBB1(Lr) ST-1 Stable

504 Dhaka Medical Services SME Surveillance CRAB-SE 4 - - -

505 Dhaka Metal SME Initial Rating CRAB-SE 4 - - -

506 Dhaka Transport & Trading SME Initial Rating CRAB-SE 4 - - -

507 Diamond Heaven Ltd. SME Initial Rating CRAB-ME 4 - - -

508 Diamond Jute Diversification & Co. SME Surveillance CRAB-SE 3 - - -

509 Diamond World Corporate Initial Rating - BBB3(Lr) ST-3 -

510 Didar Store SME Surveillance CRAB-SE 4 - - -

511 Digital Power and Associates Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

512 Dihana Enterprise SME Initial Rating CRAB-SE 4 - - -

513 Dip Knitwear Ltd. Corporate Surveillance - BBB3(Lr) ST-4 -

514 Divine Design Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

515 DMCL-AE (JV) SME Initial Rating CRAB-SE 3 - - -

516 DNV Clothing Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

517 Doctors Clinic SME Initial Rating CRAB-ME 3 - - -

518 Doreen Hotels and Resorts Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-4 Stable

519 Dr. Haider Clinic (Pvt.) Hospital SME Initial Rating CRAB-ME 3 - - -

520 Dutch Bangla Power & Associates Ltd. Corporate Surveillance AA3 - ST-3 Stable

521 Dynamic Trading Service SME Initial Rating CRAB-SE 3 - - -

522 Dysin-Chem Limited Corporate Surveillance BBB3 BBB3(Lr), AA3(Lr)ST-4 Stable

523 E R Enterprise SME Surveillance CRAB-SE 3 - - -

524 Earthmoving Rental Ltd. SME Initial Rating CRAB-ME 4 - - -

525 Earthmoving Solution Ltd. SME Initial Rating CRAB-ME 3 - - -

526 Easin Flour Mill Corporate Surveillance - BBB3(Lr) ST-3 -

527 East West Property Development Co. Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

528 Eastern Associate SME Surveillance CRAB-ME 4 - - -

529 Eaty Enterprise SME Surveillance CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 13

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

530 Edotco Bangladesh Co. Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

531 Ehshan Enterprise SME Surveillance CRAB-SE 4 - - -

532 Eight Knitwear SME Initial Rating CRAB-SE 3 - - -

533 Ekram Insaf Mega Shop & Its sister Concern (Rahmat Ent.) SME Initial Rating CRAB-SE 4 - - -

534 Electrical & Electronics Company Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

535 Electro Battery Company Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

536 Electro Led & Light Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

537 Electro Mart Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

538 Electro Mechanical Service Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

539 Electro Solar Power Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

540 Electro Transformer & Switchgear co. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

541 Elham Fashion Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable

542 Elias Traders & Its Sister Concern SME Initial Rating CRAB-SE 4 - - -

543 EM Power Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

544 Emran Enterprise SME Surveillance CRAB-SE 3 - - -

545 Enam Enterprise SME Surveillance CRAB-SE 3 - - -

546 Enayetpur Spinning Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

547 Energis Power Corporation Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

548 Energon Renewables (BD) Ltd. Corporate Initial Rating BBB3(Pr) - - -

549 Energy Meter Company Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

550 Energypac Confidance Power Venture Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable

551 Energypac Power Generation Ltd. Corporate Surveillance AA3 AA3(Lr)/ AAA(Lr)ST-3 Stable

552 Engineer Builders SME Initial Rating CRAB-SE 4 - - -

553 Enroute International Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

554 Environment, Agriculture and Development Services Ltd. SME Initial Rating CRAB-SE 3 - - -

555 Envoy Textiles Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

556 Epic Garments & Manufacturing Co. Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable

557 EPV Chittagong Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

558 Epyllion Fabrics Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

559 Epyllion Knitex Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

560 Epyllion Knitwears Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

561 Epyllion Limited Corporate Surveillance A1 A1(Lr) ST-3 Stable

562 Epyllion Style Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

563 Epyllion Washing Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

564 Esack Brothers Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

565 Esquire Accessories Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

566 Esquire Dyeing Industries Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

567 Esquire Electronics Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

568 Esquire Knit Composite Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

569 Essex Enterprise SME Surveillance CRAB-SE 4 - - -

570 Estia Enterprise SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 14

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

571 Etasia Interlinings Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

572 Europa Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

573 Eurozone Fashion Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

574 Everest Port Services Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

575 Excel Telecom Pvt Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

576 EXIME Power SME Surveillance CRAB-SE 4 - - -

577 Exotic Knit Apparels Ltd. SME Surveillance CRAB-ME 4 - - -

578 F L Garments accessories Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

579 F L Packaging Industries Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

580 F M Steel House SME Surveillance CRAB-SE 3 - - -

581 F N Logistic Corporate Initial Rating BBB3(Pr) - - -

582 Fab-Con Textile Mills Ltd. Corporate Surveillance - A2(Lr) ST-3 -

583 Fabulous Mega Mall & its Sister Concern SME Initial Rating CRAB-SE 3 - - -

584 Fahad Enterprise SME Surveillance CRAB-SE 4 - - -

585 Fahim & Brothers SME Surveillance CRAB-SE 4 - - -

586 Fahim & Mahim Enterprise SME Surveillance CRAB-SE 4 - - -

587 Fahim Enterprise SME Surveillance CRAB-SE 4 - - -

588 Fahim Timber & Saw Mills SME Initial Rating CRAB-SE 4 - - -

589 Fair Deal SME Initial Rating CRAB-SE 4 - - -

590 Faisal Hardware Store SME Initial Rating CRAB-SE 3 - - -

591 Fakir Fashion Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Positive

592 Fakir Flour & Daul Mill SME Surveillance CRAB-ME 3 - - -

593 Fakir International SME Initial Rating CRAB-SE 3 - - -

594 Fakir Knitwears Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

595 Family Housing Eastate Ltd. SME Initial Rating CRAB-SE 4 - - -

596 Famous Enterprise SME Initial Rating CRAB-SE 5 - - -

597 Fancy Exclusive SME Initial Rating CRAB-SE 3 - - -

598 Farheen Auto Flour Mill SME Initial Rating CRAB-SE 4 - - -

599 Farid Labels SME Initial Rating CRAB-ME 3 - - -

600 Farid Uddin & Sons Corporate Surveillance - BBB3(Lr) ST-3 -

601 Faruk Brothers Dal & Rice Mill SME Initial Rating CRAB-SE 4 - - -

602 Faruk Enerprise SME Initial Rating CRAB-SE 3 - - -

603 Faruk Textile SME Surveillance CRAB-ME 3 - - -

604 Farzana Oil Refineries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

605 Fashion Flash Ltd. Corporate Surveillance - BBB2(Lr) ST-1, ST-3 -

606 Fashion Step Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable

607 FASN Corporation SME Surveillance CRAB-SE 4 - - -

608 Faststream Logistics Ltd. Corporate Surveillance - BBB3(Lr) - -

609 Fatema Corporation SME Surveillance CRAB-SE 4 - - -

610 Fatema Hardware & Electric Paints SME Surveillance CRAB-SE 3 - - -

611 Fatema Traders SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 15

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

612 Fawn International SME Initial Rating CRAB-ME 3 - - -

613 Fazlur Rahman SME Surveillance CRAB-SE 3 - - -

614 FCI (BD) Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

615 Federal Air Cargo Corporate Surveillance - BB3(Lr) ST-4 -

616 Feroza Steel SME Initial Rating CRAB-ME 3 - - -

617 Fiat Fashion Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

618 Fiber@Home Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

619 Firoz Traders SME Surveillance CRAB-SE 4 - - -

620 First Iron & Steel Trading SME Surveillance CRAB-SE 3 - - -

621 Five Star Ice & Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

622 Fizu Store SME Surveillance CRAB-SE 3 - - -

623 Flora Limited Corporate Surveillance A3 A3(Lr) ST-3 Stable

624 Florien Accessories and Packaging Ltd. SME Surveillance CRAB-SE 4 - - -

625 Flyer Travel Express Ltd. SME Initial Rating CRAB-ME 3 - - -

626 Focus Apparels (BD) Limited SME Surveillance CRAB-SE 4 - - -

627 Fortune Apparels Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

628 Fortune Navigation Corporate Initial Rating - BBB3(Lr) - -

629 Four H Apparels Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

630 Four H Dyeing & Printing Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

631 Four H Fashion Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

632 Four H Lingerie Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

633 Fresh Agro food products Corporate Initial Rating - BBB3(Lr) ST-3 -

634 Friends Trading Corporation SME Initial Rating CRAB-SE 4 - - -

635 Fu Wang Foods Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

636 Fuji Knitwears Ltd. Corporate Initial Rating - - ST-3 -

637 Fulel Food Products SME Surveillance CRAB-ME 3 - - -

638 Fusion Accessories (BD) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

639 Future Agro Complex (Pvt) Ltd. Corporate Surveillance - BB1(Lr) - -

640 G B Motors SME Initial Rating CRAB-SE 3 - - -

641 G M Global Trade SME Surveillance CRAB-SE 3 - - -

642 G M Properties Ltd. SME Surveillance CRAB-ME 4 - - -

643 G Net Digital Communacation SME Initial Rating CRAB-ME 3 - - -

644 G R Traders SME Surveillance CRAB-SE 4 - - -

645 Gaffar Iron Store SME Surveillance CRAB-SE 4 - - -

646 Gafur Enterprise SME Surveillance CRAB-SE 4 - - -

647 Galaxy Aviation Services Ltd. Corporate Surveillance - A3(Lr) ST-2 -

648 Galaxy Holidays Ltd. Corporate Surveillance - - ST-2 -

649 Galco Steel (Bangladesh) Ltd. Corporate Surveillance - A2(Lr) ST-3 -

650 Gaowsiya Aziziya Enterprise SME Initial Rating CRAB-SE 3 - - -

651 Garibe Newaz Enterprise SME Initial Rating CRAB-SE 3 - - -

652 Garib-E-Newaz Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 16

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

653 Gausia Bhandari Iron Mart SME Surveillance CRAB-SE 3 - - -

654 Gausia Motors SME Initial Rating CRAB-SE 4 - - -

655 Gawsia Hardware SME Surveillance CRAB-SE 4 - - -

656 Gazi Fish SME Initial Rating CRAB-SE 3 - - -

657 Gazipore & Marzapore Tea Estates (BD) Ltd. Corporate Surveillance A3 A3(Lr) ST-2 Stable

658 GEM Paper Converting & Packaging Industry(PVT) Ltd. SME Initial Rating CRAB-SE 4 - - -

659 General Pharmaceuticals Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

660 General Scientific Company Ltd. SME Surveillance CRAB-SE 4 - - -

661 General Trading Company Corporate Surveillance - BBB2(Lr) ST-3 -

662 German Bangladesh Machine and steel SME Surveillance CRAB-SE 4 - - -

663 GETCO Limited Corporate Surveillance - BBB3(Lr) ST-4 -

664 Ghazi Real Estate Ltd. SME Initial Rating CRAB-SE 3 - - -

665 Giant Textiles Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

666 Gias Uddin Textile SME Surveillance CRAB-SE 4 - - -

667 Gift Gallery SME Initial Rating CRAB-SE 3 - - -

668 Glasstech Ltd. SME Surveillance CRAB-SE 3 - - -

669 Global Brand (Pvt) Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

670 Global Knitwear Ltd. Corporate Surveillance - BBB3(Lr) ST-1,ST-3 -

671 Global Trims Industries Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable

672 Global Vision SME Surveillance CRAB-SE 3 - - -

673 Globe Agrovet Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

674 Globe Biscuits & Dairy Milk Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

675 Globe Drugs Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

676 Globe Edible Oil Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

677 Globe Fisheries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

678 Globe Pharmaceuticals Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

679 Globe Soft Drinks Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

680 Globex Marketing Company Ltd. Corporate Surveillance A3 A3(Lr) ST-1, ST-3 Stable

681 Glorious Fish & Meat Ltd. SME Initial Rating CRAB-SE 4 - - -

682 Glorious Scientific SME Initial Rating CRAB-SE 4 - - -

683 Glory Recycling Oil Industries Ltd. SME Surveillance CRAB-SE 3 - - -

684 GM Engineers SME Initial Rating CRAB-SE 3 - - -

685 Gold Star Electronics SME Initial Rating CRAB-SE 3 - - -

686 Golden Electronics SME Surveillance CRAB-SE 3 - - -

687 Golden Melemine (Pvt.) Ltd. Corporate Initial Rating BBB3(Pr) - - -

688 Golden Son Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-4 Negative

689 Golden Traders Corporate Surveillance - BBB3(Lr) ST-3 -

690 Good Rich Sweaters Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

691 GPH Ispat Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

692 Gram Bangla Tubes Ltd. Corporate Surveillance - - ST-4 -

693 Grameenphone Ltd. Corporate Surveillance AAA AAA1(Lr) ST-1 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 17

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

694 Grandtech Enterprise SME Initial Rating CRAB-SE 6 - - -

695 Graphics Ltd. Corporate Surveillance - - ST-3 -

696 Graphics Textiles Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

697 Great Wall Ceramics Industries Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

698 Green Arrow Sweater Industries Ltd. Corporate Surveillance - - ST-4 -

699 Green Granite & Marble Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

700 Green Health Ltd. SME Initial Rating CRAB-SE 4 - - -

701 Green Leaf Solar Ltd. Corporate Initial Rating - BB3(Lr) ST-4 -

702 Green Life Natural Healthcare SME Initial Rating CRAB-SE 3 - - -

703 Greenstone Knitwears Ltd. SME Surveillance CRAB-SE 3 - - -

704 GSM Trading SME Surveillance CRAB-SE 3 - - -

705 GTA Sports Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

706 Gulf Knitting & Textile Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

707 H & H Digital Equipment SME Initial Rating CRAB-SE 3 - - -

708 H A S Distribution SME Initial Rating CRAB-SE 4 - - -

709 H K Steel Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

710 H M Rahman LPG Gas Plant SME Initial Rating CRAB-ME 4 - - -

711 H R Corporation SME Surveillance CRAB-SE 3 - - -

712 H R Trade International SME Surveillance CRAB-SE 4 - - -

713 H S Corporation Corporate Initial Rating - - ST-3 -

714 H S Haque & Sons SME Initial Rating CRAB-ME 3 - - -

715 Habib & Sons SME Initial Rating CRAB-SE 4 - - -

716 Habib Aggregate Industries SME Initial Rating CRAB-SE 4 - - -

717 Habib Brothers SME Surveillance CRAB-SE 4 - - -

718 Habib Chaul Kal SME Initial Rating CRAB-SE 4 - - -

719 Habib Clinic & Diagnostic Center and its Sister Concern (M/S. Laila Drug House, M/S. New Layla Drug House) SME Initial Rating CRAB-ME 4 - - -

720 Habib CNG Filling Station SME Initial Rating CRAB-SE 3 - - -

721 Habib Filling Station SME Initial Rating CRAB-SE 3 - - -

722 Habib Traders SME Initial Rating CRAB-SE 4 - - -

723 Habiganj Agro Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

724 Hafizur & Brothers SME Surveillance CRAB-SE 4 - - -

725 Hafsa Textile Mills SME Surveillance CRAB-SE 4 - - -

726 Hajee Automobiles Corporate Surveillance - BBB3(Lr) ST-3 -

727 Hajee Badsha Meah & Sons SME Surveillance CRAB-SE 3 - - -

728 Haji Abdul Motalib Auto Rice Mill SME Surveillance CRAB-SE 3 - - -

729 Haji Kabir Ahmed Corporate Surveillance - - ST-3 -

730 Haji Motiur Rahman & Sons SME Surveillance CRAB-SE 3 - - -

731 Haji Sultan Ahmed Sawdagar SME Surveillance CRAB-SE 4 - - -

732 Hakim & Sons Corporate Surveillance CRAB-SE 4 - - -

733 Hakim Chaul Kall SME Initial Rating CRAB-SE 4 - - -

734 Hakkani Enterprise SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 18

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

735 Halim Departmental Store SME Initial Rating CRAB-SE 4 - - -

736 Halima Chaul Kal SME Initial Rating CRAB-SE 4 - - -

737 Halima Poultry & Hatchery Ltd. Corporate Initial Rating BBB2 - - Stable

738 Hamdan Steel SME Surveillance CRAB-SE 3 - - -

739 Hamdard Laboratories (WAQF) Bangladesh Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

740 Ha-Meem Denim Mills Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

741 Hamid Fabrics Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

742 Hamid Traders SME Surveillance CRAB-SE 3 - - -

743 Hamid Weaving Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

744 Hamida Agro Prouty Corporation SME Initial Rating CRAB-SE 4 - - -

745 Hamida Plastic Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

746 Hamza Business Ltd. SME Initial Rating CRAB-SE 4 - - -

747 Hanif Traders SME Initial Rating CRAB-SE 4 - - -

748 Hannan CNG Station Corporate Surveillance - BB2(Lr) ST-4 -

749 Happy Traders SME Initial Rating CRAB-SE 3 - - -

750 Haque & Sons SME Surveillance CRAB-ME 4 - - -

751 Haque Auto Rice Mill SME Initial Rating CRAB-SE 4 - - -

752 Haque Auto Rice Mill (IBBL) SME Surveillance CRAB-SE 3 - - -

753 Haque Drycell Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

754 Haque Enterprise SME Surveillance CRAB-SE 3 - - -

755 Haque Food Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

756 Haque Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

757 Haque Printing & Packaging industry SME Surveillance CRAB-ME 3 - - -

758 Haque Traders SME Initial Rating CRAB-SE 3 - - -

759 Haroon Enterprise Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

760 Haroon-ur Rashid SME Initial Rating CRAB-SE 4 - - -

761 Harrods Knit Wear Ltd. Corporate Initial Rating - BB1(Lr) ST-4 -

762 Harun & Brothers SME Initial Rating CRAB-SE 4 - - -

763 Harun Flour Mills Ltd. Corporate Surveillance - BBB3(Lr) - -

764 Hasan Ali Khan SME Initial Rating CRAB-SE 4 - - -

765 Hasan Chaul Kal SME Surveillance CRAB-SE 4 - - -

766 Hasan Enterprise SME Initial Rating CRAB-SE 3 - - -

767 Hasan Enterprise (IBBL) SME Initial Rating CRAB-SE 4 - - -

768 Hasan Flour Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

769 Hasen Enterprise & Hasen Motsha Khamar SME Initial Rating CRAB-SE 4 - - -

770 Hasib Electric Corporate Surveillance - - ST-3 -

771 Hassan Brothers Corporate Surveillance - BBB2(Lr) ST-3 -

772 Hazi Auto Rice Mill (IBBL) SME Surveillance CRAB-ME 4 - - -

773 Hazi Dil Mohammad Enterprise SME Initial Rating CRAB-SE 4 - - -

774 Hazi Gofur Enterprise SME Initial Rating CRAB-SE 4 - - -

775 Hazi Pharmacy SME Surveillance CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 19

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

776 Hazrat Shah Amanat Agro SME Initial Rating CRAB-SE 4 - - -

777 Hazrat Traders SME Initial Rating CRAB-SE 4 - - -

778 Hedayet & Brothers Corporate Surveillance - BBB2(Lr) ST-3 -

779 Hejaj Steel Corporate Surveillance - BBB3(Lr) ST-3 -

780 Helal & Co. SME Surveillance CRAB-SE 3 - - -

781 Helicon Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

782 Heritage Polymer & Lami Tubes Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

783 Highway Filling Station SME Initial Rating CRAB-ME 3 - - -

784 Hili Impex SME Surveillance CRAB-SE 3 - - -

785 Himalayan Trading International SME Initial Rating CRAB-SE 4 - - -

786 Hira Electric Store & Sister Concern SME Surveillance CRAB-SE 4 - - -

787 Hira Steel Shop SME Initial Rating CRAB-SE 4 - - -

788 HKF Group of Industries SME Initial Rating CRAB-SE 3 - - -

789 HNS Automobiles Ltd. Corporate Initial Rating - A2(Lr) ST-3 -

790 Hoque Engineering Works SME Surveillance CRAB-ME 2 - - -

791 Hoque Traders SME Surveillance CRAB-SE 3 - - -

792 Hoque Traders (SME_CTG) SME Initial Rating CRAB-SE 4 - - -

793 Horizon Fashion Wear Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

794 Hosne Ara & Sons SME Surveillance CRAB-SE 4 - - -

795 Hossain & Brothers SME Surveillance CRAB-SE 4 - - -

796 Hossain Brothers SME Initial Rating CRAB-SE 4 - - -

797 Hossain Electronics SME Surveillance CRAB-SE 4 - - -

798 Hossain Enterprise Corporate Surveillance - - ST-4 -

799 Hossain Enterprise (Ctg) SME Surveillance CRAB-ME 3 - - -

800 Hossain Traders SME Surveillance CRAB-SE 4 - - -

801 Hossain Traders (Ctg) SME Initial Rating CRAB-ME 3 - - -

802 Hossainia Flour Mills SME Surveillance CRAB-SE 3 - - -

803 Hotel Green Palace Corporate Surveillance BB1(Pr) - - -

804 HRM Accessories Ltd. SME Surveillance CRAB-ME 4 - - -

805 HTMS Packaging Industries Ltd. Corporate Surveillance - BBB2(Lr) ST-4 -

806 Hujaifa Builders SME Initial Rating CRAB-SE 4 - - -

807 Hujaifa Enterprise SME Surveillance CRAB-SE 3 - - -

808 Huma Trims Ltd. SME Surveillance CRAB-SE 3 - - -

809 Hydar Machinaries Corporate Surveillance - BBB3(Lr) ST-3 -

810 Hydar Machinery Store Corporate Surveillance - - ST-3 -

811 Hydar Motors Corporate Surveillance - - ST-3 -

812 Hydroxide Knitwear Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

813 I B Traders SME Initial Rating CRAB-SE 4 - - -

814 I Con Trade Internatonal SME Initial Rating CRAB-SE 4 - - -

815 IBN SINA Hospital Sylhet Ltd. Corporate Initial Rating - A3(Lr) - -

816 Ibrahim Knit Garments (Pvt.) Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 20

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

817 Ideal Electrical Enterprise Ltd. Corporate Surveillance - BBB3(Lr) ST-1, ST-3 -

818 IFAD Autos Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

819 IFAD Motors Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable

820 IFAD Multi Products Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

821 Ikhwan Bricks Manufacturing Ltd. SME Surveillance CRAB-ME 4 - - -

822 Image and its Sister Concern Alaluddin Brothers SME Initial Rating CRAB-SE 4 - - -

823 Imcotex Corporate Surveillance - - ST-4 -

824 Imfa International SME Initial Rating CRAB-SE 4 - - -

825 Impex International Corporate Surveillance - BBB3(Lr) - -

826 Impex Trade International Corporate Surveillance - - ST-3 -

827 Imran Enterprise & Sanitary SME Initial Rating CRAB-SE 4 - - -

828 Imran Sit Bitan SME Initial Rating CRAB-SE 3 - - -

829 Index Agro Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

830 Infinity Engineering Ltd. & Its Sister Concern Razu Enterprise SME Initial Rating CRAB-SE 3 - - -

831 Information Technology Consultants Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

832 INTEFA Corporate Surveillance - - ST-3 -

833 Integrated Power & Engineering SME Initial Rating CRAB-SE 3 - - -

834 Integrated Security Services Ltd. Corporate Surveillance - BBB3(Lr) - -

835 Interlink Accessories Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

836 Interlink Apparels Corporate Surveillance - BBB3(Lr) ST-3 -

837 Interlink Dresses Corporate Surveillance - BBB3(Lr) ST-3 -

838 International Trading Services Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

839 Intimate printing & Packaging Corporate Surveillance - - ST-3 -

840 Intimate Trading House Ltd. Corporate Surveillance - - ST-3 -

841 Intimates Elastic Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

842 Iqbal Enterprise SME Surveillance CRAB-SE 4 - - -

843 Iqbal Trading Corporation Corporate Surveillance - - ST-3 -

844 Iqramul Haque Store SME Surveillance CRAB-SE 3 - - -

845 Irfan Traders SME Initial Rating CRAB-SE 4 - - -

846 Irfat Enterprise SME Initial Rating CRAB-SE 4 - - -

847 Islam Brothers & Co. Corporate Surveillance - - ST-3 -

848 Islam Engineering Co. SME Surveillance CRAB-SE 3 - - -

849 Islam Enterprise & Sister Concern SME Initial Rating CRAB-SE 3 - - -

850 Islam Garments Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

851 Islam Knit Design Ltd. Corporate Surveillance - A3(Lr) ST-3 -

852 Islam Pack & Accessories Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

853 Islam Trading SME Surveillance CRAB-SE 4 - - -

854 Islam Trading Corporation SME Surveillance CRAB-SE 3 - - -

855 Islamia Bakers & Confectionery Ltd. SME Initial Rating CRAB-SE 4 - - -

856 Islamia Poultry Feed & Its Sister Concern Fahim Traders SME Initial Rating CRAB-SE 4 - - -

857 Islampur Trading SME Surveillance CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 21

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

858 Ismail Enterprise & Its Sister Concern (M S Traders) SME Initial Rating CRAB-SE 4 - - -

859 Ispahani Agro Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

860 Ispahani Foods Ltd. Corporate Surveillance BBB1 A3(Lr) ST-3 Stable

861 Ispahani Marshal Limited Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

862 Ispahani Tea Ltd. Corporate Surveillance A3 A3(Lr) ST-2 Stable

863 IT Enterprise SME Surveillance CRAB-SE 3 - - -

864 ITD Bangladesh Company Ltd. Corporate Initial Rating - A3(Lr) - -

865 J and Ma Enterprise SME Initial Rating CRAB-SE 4 - - -

866 J B Cylinder Ltd. SME Surveillance CRAB-ME 3 - - -

867 J B Oil Mills Corporate Surveillance - BBB3(Lr) - -

868 J H Enterprise and Its sister Consern M/s Jubayer Enterprise SME Surveillance CRAB-SE 3 - - -

869 J K Cotton Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

870 J K International Corporate Surveillance - - ST-4 -

871 J K Knit Composite Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

872 J k Sanittary SME Initial Rating CRAB-SE 4 - - -

873 J K Spinning Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

874 J K Synthetic Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

875 J P Knitwears (Composite) Ltd. Corporate Initial Rating BBB3(Pr) - - -

876 J S Motors Store SME Initial Rating CRAB-SE 4 - - -

877 Jaba Semi Auto Rice Mill SME Surveillance CRAB-SE 3 - - -

878 Jabal E Nur International SME Initial Rating CRAB-SE 3 - - -

879 Jabbaria Enterprise SME Surveillance CRAB-ME 4 - - -

880 Jabed Traders SME Initial Rating CRAB-SE 4 - - -

881 Jabreen International Corporate Surveillance - BBB3(Lr) ST-3 -

882 Jahangir & Others Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

883 Jahangir Enterprise SME Surveillance CRAB-SE 3 - - -

884 Jahangir Store SME Initial Rating CRAB-SE 3 - - -

885 Jalal Ahmed Spinning Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

886 Jalal Traders SME Initial Rating CRAB-SE 4 - - -

887 Jamal & Co. SME Initial Rating CRAB-ME 4 - - -

888 Jaman Traders SME Initial Rating CRAB-SE 4 - - -

889 Jamshed Ali & Sons SME Initial Rating CRAB-SE 3 - - -

890 Jamuna CNG Station SME Surveillance CRAB-SE 3 - - -

891 Jamuna Jute Industries Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

892 Jamuna National Park SME Surveillance CRAB-ME 4 - - -

893 Jamuna Seeds Storage (Pvt.) Ltd. Corporate Surveillance - BB3(Lr) ST-4 -

894 Janani Glass & Thai Aluminium SME Initial Rating CRAB-SE 4 - - -

895 Janata Traders SME Initial Rating CRAB-SE 4 - - -

896 Jannat Flour Mills SME Surveillance CRAB-ME 3 - - -

897 Jannat Trading SME Surveillance CRAB-SE 3 - - -

898 Jans Elastica Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 22

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

899 Jarina Metal Works Corporate Surveillance - BB1(Lr) ST-3 -

900 Jashim & Brothers SME Initial Rating CRAB-SE 4 - - -

901 Jashim & Brothers (IBBL) Corporate Surveillance - - ST-3 -

902 Jashim Traders SME Surveillance CRAB-SE 3 - - -

903 Jashim Traders (NBL) SME Surveillance CRAB-SE 4 - - -

904 Jasmin Enterprise SME Initial Rating CRAB-SE 3 - - -

905 Jason Enterprise SME Surveillance CRAB-SE 4 - - -

906 JBL Drug Laboratories SME Surveillance CRAB-SE 3 - - -

907 JDF Trade International SME Initial Rating CRAB-SE 4 - - -

908 Jeans Manufacturing Co. Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

909 Jeans Treat Ltd. SME Surveillance CRAB-SE 4 - - -

910 Jenil Filling Station SME Surveillance CRAB-SE 4 - - -

911 Jewel Enterprise SME Surveillance CRAB-SE 4 - - -

912 Jewel Fisheries & Agro Product SME Initial Rating CRAB-SE 4 - - -

913 Jewel Scrap House SME Initial Rating CRAB-SE 4 - - -

914 Jharna Enterprise SME Surveillance CRAB-SE 4 - - -

915 Jharna Medical Hall SME Initial Rating CRAB-SE 4 - - -

916 Jhatika Traders Ltd. SME Surveillance CRAB-ME 4 - - -

917 Jhuma Accessories Ltd. SME Surveillance CRAB-SE 3 - - -

918 Jihan Footwear Pvt. Ltd. SME Surveillance CRAB-ME 3 - - -

919 JME Trade Link Ltd. SME Initial Rating CRAB-SE 4 - - -

920 JMG International SME Surveillance CRAB-SE 3 - - -

921 JMS Garments Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-1,ST-3 Stable

922 Joha Thai Aluminum SME Surveillance CRAB-SE 4 - - -

923 Jomah Trading SME Surveillance CRAB-SE 3 - - -

924 Jononi Traders SME Surveillance CRAB-SE 3 - - -

925 Jonoprio Trades SME Initial Rating CRAB-SE 4 - - -

926 Jony Traders SME Initial Rating CRAB-SE 4 - - -

927 Joy Flour Mills SME Surveillance CRAB-ME 3 - - -

928 Joy Jute Mills SME Surveillance CRAB-SE 3 - - -

929 Joy Petroleum SME Surveillance CRAB-SE 5 - - -

930 Joya Enterprise SME Initial Rating CRAB-SE 4 - ST-3 -

931 Jumuna Dairy Farm & Jumuna Matsya Khamar SME Initial Rating CRAB-SE 4 - - -

932 Jupiter Enterprise SME Surveillance CRAB-ME 2 - - -

933 Juvenile Construction Corporate Surveillance - - ST-3 -

934 Juvenile Trade Int’l Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

935 K B Traders Corporate Surveillance - - ST-3 -

936 K M Traders SME Initial Rating CRAB-SE 4 - - -

937 K R Husking Mill SME Initial Rating CRAB-SE 4 - - -

938 K S Farms SME Initial Rating CRAB-SE 4 - - -

939 K T Dal Mill SME Surveillance CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 23

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

940 Kader and Grand Sons SME Initial Rating CRAB-SE 3 - - -

941 Kaitoba Corporation SME Initial Rating CRAB-SE 4 - - -

942 Kajal Traders Corporate Surveillance - - ST-3 -

943 Kallandi Textile Corporate Surveillance - - ST-3 -

944 Kamal Iron Mart SME Surveillance CRAB-SE 3 - - -

945 Kamrabad Stationary SME Initial Rating CRAB-SE 3 - - -

946 Kamrul Hasan Chowdhury SME Surveillance CRAB-SE 4 - - -

947 Karim & Brothers SME Surveillance CRAB-SE 4 - - -

948 Karim & Sons SME Initial Rating CRAB-SE 4 - - -

949 Karim Automatic Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 -

950 Karim Spinning Mills Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

951 Karim Store SME Initial Rating CRAB-SE 3 - - -

952 Karim Textiles Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

953 Karnafully Chittagong Food & Beverage Ltd. Corporate Initial Rating BB1(Pr) - - -

954 Karooni Knit Composite Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

955 Karotoa Spinning Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

956 Kashem & Rahman Printing Press SME Surveillance CRAB-SE 4 - - -

957 Kasundi Restora Ltd. SME Initial Rating CRAB-ME 3 - - -

958 Kaveri Sweaters Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable

959 Kawsar Corpration & its sister Concern SME Initial Rating CRAB-SE 3 - - -

960 Kazi Water Lines SME Initial Rating CRAB-ME 3 - - -

961 Kazipur Fashions Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

962 Kentucky Knit Composite Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

963 Kentucky Textile Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

964 Keranigonj Enterprise and Its Sister Concerns SME Initial Rating CRAB-SE 3 - - -

965 Khaja Enterprise SME Surveillance CRAB-SE 4 - - -

966 Khaja Polythine Mart SME Surveillance CRAB-SE 3 - - -

967 Khaled Trade International Corporate Initial Rating - B2(Lr) ST-5 -

968 Khalek Iron Store SME Initial Rating CRAB-SE 3 - - -

969 Khaleq Enterprise SME Initial Rating CRAB-SE 4 - - -

970 Khan Brothers CNG (Pvt) Limited SME Surveillance CRAB-ME 3 - - -

971 Khan Brothers Ship Building Ltd. Corporate Initial Rating AA2 - - Stable

972 Khan Enterprise SME Surveillance CRAB-SE 4 - - -

973 Khan Enterprise (Al Arafah) SME Initial Rating CRAB- SE 4 - - -

974 Khan Jahan Ali Timber Complex SME Initial Rating CRAB-SE 4 - - -

975 Khan Traders SME Initial Rating CRAB-SE 3 - - -

976 Khan Traders (IBBL) SME Surveillance CRAB-ME 3 - - -

977 Khan Trading & Saw Mill SME Initial Rating CRAB-SE 4 - - -

978 Khawja Aluminum Traders SME Initial Rating CRAB-ME 3 - - -

979 Khondoker Traders SME Surveillance CRAB-SE 4 - - -

980 Khusee Traders SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 24

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

981 KHWAJA Enterprise (IBBL) SME Surveillance CRAB-SE 3 - - -

982 Kibria Agro Industries Corporate Surveillance - BBB3(Lr) - -

983 Kibria Paper Mill Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

984 Kibria Traders Corporate Surveillance - BBB3(Lr) ST-3 -

985 Kings Confectionery (Bangladesh) Pte Ltd. SME Surveillance CRAB-ME 2 - - -

986 Kishwan Agro Products Ltd. Corporate Initial Rating - A3(Lr) ST-3 -

987 Kishwan Sancks Ltd. Corporate Initial Rating - A3(Lr) ST-3 -

988 Kismat Trading Corporation Corporate Surveillance - - ST-3 -

989 Knit & Knittex (Pvt) Ltd. Corporate Surveillance - BBB2(Lr) ST-4 -

990 Knit City Ltd. Corporate Surveillance - - ST-3 -

991 Knit Radix Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 -

992 Knitexpo Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

993 Knittex Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

994 Kohinoor Enterprise SME Surveillance CRAB-ME 3 - - -

995 Kohinoor Trading Corporate Surveillance - - ST-3 -

996 Kolka CNG SME Surveillance CRAB-SE 3 - - -

997 Korban Ali Engineering Works SME Surveillance CRAB-ME 3 - - -

998 Korotoa Chemical SME Surveillance CRAB-SE 4 - - -

999 Kranti Housing Ltd. Corporate Initial Rating BB1 - - Stable

1000 Krishan Auto Rice Mill Corporate Surveillance - BBB3(Lr) ST-3 -

1001 Krishan Enterprise Corporate Surveillance - BBB3(Lr) ST-3 -

1002 Krishan Knitting Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

1003 L M T Trading Co. SME Initial Rating CRAB-SE 4 - - -

1004 Labarador Construction and Supply Corporate Initial Rating - BB2(Lr) - -

1005 Labbayek Masrasing & Press SME Surveillance CRAB-SE 4 - - -

1006 Lafzu Enterprise SME Surveillance CRAB-SE 4 - - -

1007 Lakdhanavi Bangla Power Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1008 Lal Mia & Co SME Surveillance CRAB-ME 4 - - -

1009 Lamia Lighting Ltd. SME Surveillance CRAB-SE 4 - - -

1010 Lamisha Trading SME Initial Rating CRAB-SE 4 - - -

1011 Lantus Holdings Ltd. Corporate Surveillance - BB3(Lr) ST-4 -

1012 Legend Printing Ltd. Corporate Initial Rating - - ST-3 -

1013 Les Pulls D'Alex Ltd. Corporate Surveillance - B1(Lr) ST-4 -

1014 Lida Textiles a Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1015 Life Bridge Medi Equipment SME Initial Rating CRAB-SE 4 - - -

1016 Ligion Herbal Ltd. SME Initial Rating CRAB-ME 3 - - -

1017 Lima Enterprise SME Surveillance CRAB-SE 3 - - -

1018 Lira Doors Ltd. Corporate Initial Rating - BBB2(Lr) ST-3 -

1019 Liz Fashion Industries Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

1020 Lodestar Fashions Ltd. Corporate Surveillance - BB3(Lr) ST-4 -

1021 Lodestar Packaging Corporate Surveillance - BB1(Lr) - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 25

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1022 Lube Care BD Ltd. Corporate Initial Rating - BB2(Lr) ST-4 -

1023 Lucky Auto Center SME Initial Rating CRAB-SE 4 - - -

1024 Lucky Construction SME Initial Rating CRAB-SE 3 - - -

1025 Lucky Store SME Surveillance CRAB-SE 4 - - -

1026 M & M Washing & Deying SME Surveillance CRAB-SE 3 - - -

1027 M A A Auto Bricks SME Initial Rating CRAB-ME 3 - - -

1028 M A Enterprise SME Initial Rating CRAB-SE 3 - - -

1029 M A Sufian Engineering Works SME Initial Rating CRAB-SE 4 - - -

1030 M A Traders SME Initial Rating CRAB-SE 4 - - -

1031 M A Zaher SME Surveillance CRAB-ME 3 - - -

1032 M Ali Enterprise SME Surveillance CRAB-SE 4 - - -

1033 M D Steel Custing Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1034 M H Bricks SME Surveillance CRAB-ME 4 - - -

1035 M H Enterprise SME Surveillance CRAB-SE 4 - - -

1036 M I Cement Factory Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

1037 M K Enterprise Corporate Surveillance - - ST-3 -

1038 M K Rice Mill SME Initial Rating CRAB-SE 4 - - -

1039 M K Traders SME Initial Rating CRAB-SE 3 - - -

1040 M M Associates Ltd. Corporate Initial Rating - BBB3(Lr) - -

1041 M M Enterprise Corporate Surveillance - BB1(Lr) ST-4 -

1042 M M Ispahani Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

1043 M M Traders SME Initial Rating CRAB-SE 4 - - -

1044 M N Fishing Ltd. Corporate Surveillance - BB1(Lr) - -

1045 M N Metal SME Surveillance CRAB-SE 4 - - -

1046 M R B Bricks SME Surveillance CRAB-SE 4 - - -

1047 M R Brothers Corporate Surveillance - A3(Lr) ST-3 -

1048 M R Trade International SME Surveillance CRAB-SE 3 - - -

1049 M R Traders SME Surveillance CRAB-SE 3 - - -

1050 M Rahman Corporate Surveillance - BBB2(Lr) ST-3 -

1051 M Rahman & Co. SME Surveillance CRAB-SE 4 - - -

1052 M Rahman Steel Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-4 Stable

1053 M S Jute Shoe Thread & Accessories Factory SME Surveillance CRAB-ME 3 - - -

1054 M/S Afsar Ali Bricks SME Initial Rating CRAB-SE 3 - - -

1055 M/s Tanayabi Enterprise Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1056 M/S. Shadow Corporate Surveillance - BBB3(Lr) ST-3 -

1057 Ma Enterprise SME Initial Rating CRAB-SE 3 - - -

1058 Ma Moni Gift and Varieties Store SME Initial Rating CRAB-SE 3 - - -

1059 Maa Metal Industries SME Initial Rating CRAB-SE 3 - - -

1060 Maa Sakhina Textile Mills SME Surveillance CRAB-ME 3 - - -

1061 Maa Sanitary Store SME Initial Rating CRAB-SE 4 - - -

1062 Macca Marine Ship Builders SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 26

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1063 Macca Plastic & Rubber Industries SME Initial Rating CRAB-SE 3 - - -

1064 Macca Timber and Suppliers SME Initial Rating CRAB-ME 3 - - -

1065 Macca Trading Corporation SME Initial Rating CRAB-SE 4 - - -

1066 Madina Cement Ind. Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1067 Madina Cement Mills Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1068 Madina City and its Sister Concern Salab Shopping Center SME Initial Rating CRAB-SE 3 - - -

1069 Madina Enterprise Corporate Initial Rating - BBB1(Lr) ST-3 -

1070 Madina Store & Sister Concern SME Surveillance CRAB-ME 3 - - -

1071 Madina Trading Corporation SME Surveillance CRAB-SE 3 - - -

1072 MAF Newsprint Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1073 Magnum Steel Industries Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1074 Mahadi Motors (Pvt.) Ltd. SME Surveillance CRAB-SE 4 - - -

1075 Mahbub Enterprise (FBL) SME Initial Rating CRAB-SE 4 - - -

1076 Maheen Enterprise Corporate Surveillance - BB1(Lr) ST-4 -

1077 Mahi Fish Prokolpo & Sister Concern SME Initial Rating CRAB-SE 4 - - -

1078 Mahmud Enterprise SME Initial Rating CRAB-SE 3 - - -

1079 Mahmud Traders SME Initial Rating CRAB-SE 3 - - -

1080 Mainamati Transport Agency SME Initial Rating CRAB-SE 4 - - -

1081 Mainuddin Trading SME Surveillance CRAB-SE 3 - - -

1082 MAK Corporation Corporate Surveillance - - ST-3 -

1083 Mak Hatchery Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1084 Makka Paper & Board Mills Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1085 Makkah Store SME Surveillance CRAB-SE 3 - - -

1086 Maksons Spinning Mills Limited Corporate Surveillance BB2 BB2(Lr) ST-4 Stable

1087 Maksud Engineering Works SME Initial Rating CRAB-SE 4 - - -

1088 Maliha Chaul Kal SME Initial Rating CRAB-SE 4 - - -

1089 Mallick Fabrics Limited Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1090 Mallick Traders SME Initial Rating CRAB-SE 3 - - -

1091 Mama Bhagina Jwellery Store SME Surveillance CRAB-SE 4 - - -

1092 Mama Bhagna Khaddo Vander SME Initial Rating CRAB-SE 3 - - -

1093 Mamun Agro Products Ltd. Corporate Surveillance - BBB3(Lr) ST-4 -

1094 Mamun Enterprise SME Initial Rating CRAB-SE 4 - - -

1095 Mamun Machinery Corporate Surveillance - - ST-4 -

1096 Mamun PVC Factory Corporate Surveillance - BB3(Lr) ST-4 -

1097 MAN Enterprise SME Surveillance CRAB-ME 3 - - -

1098 Manik Traders SME Initial Rating CRAB-SE 4 - - -

1099 Mannaf Bstro Biponi SME Initial Rating CRAB-SE 4 - - -

1100 Mariams SME Initial Rating CRAB-SE 4 - - -

1101 Marium Textile Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1102 Mark Corporation SME Surveillance CRAB-SE 3 - - -

1103 Mary Gold Agro Science SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 27

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1104 Mas Trade Internat Corporate Initial Rating - - ST-4 -

1105 Mashrifa Food Products Ltd. Corporate Surveillance - BBB3(Lr) - Stable

1106 Masihata Sweaters Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1107 Master & Brothers Corporate Surveillance - - ST-3 -

1108 Master Machinaries SME Initial Rating CRAB-SE 4 - - -

1109 Master Simex Paper Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1110 Master Steel Re-Rolling Mills Corporate Surveillance - BB3(Lr) ST-3 -

1111 Masud & Brothers Corporate Surveillance - A3(Lr) ST-3 -

1112 Masud Corporation SME Initial Rating CRAB-ME 4 - - -

1113 Masuda Agro Complex SME Initial Rating CRAB-SE 3 - - -

1114 Masum & Brothers SME Surveillance CRAB-SE 3 - - -

1115 Masum & Brothers Cloth Store SME Surveillance CRAB-ME 3 - - -

1116 Masum Trade International SME Initial Rating CRAB-SE 4 - - -

1117 Matador Ball Pen Industries Corporate Surveillance - A3(Lr) ST-3 -

1118 Matex Bangladesh Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

1119 Matin Khadya Bhander SME Initial Rating CRAB-SE 4 - - -

1120 Matin Traders SME Surveillance CRAB-SE 3 - - -

1121 Matrix Styles Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1122 Max Diagnostic Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1123 Max Infrastructure Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

1124 May International Trade Services Ltd. Corporate Initial Rating BBB3 BBB3(Lr) - Stable

1125 Mayer Doa Enterprise (IBBL) SME Surveillance CRAB-SE 4 - - -

1126 Mayer Doa Fish Complex & Sister Concern (Mayer Doa Trading)SME Initial Rating CRAB-SE 3 - - -

1127 Mayer Doa Fish Prokolpo SME Initial Rating CRAB-SE 4 - - -

1128 Mayer Doya Traders SME Initial Rating CRAB-SE 4 - - -

1129 MB Hossain SME Initial Rating CRAB-SE 4 - - -

1130 MBM Enterprise SME Surveillance CRAB-SE 4 - - -

1131 Md Jahangir Alam Chowdhury SME Initial Rating CRAB-SE 4 - - -

1132 Md Zahid Miah Corporate Surveillance - - ST-3 -

1133 Md. Muklesur Rahman SME Initial Rating CRAB-SE 4 - - -

1134 Md. Rakib Uddin Dewan & Md. Rukon Uddin Dewan Corporate Surveillance - BBB2(Lr) - -

1135 Md. Tohidul Islam SME Initial Rating CRAB-SE 4 - - -

1136 Media World Ltd. Corporate Initial Rating AA1 AA1(Lr) ST-2 Stable

1137 Meeha Trading Corporation SME Initial Rating CRAB-SE 4 - - -

1138 Meek Knit Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-1,ST-3 Stable

1139 Mega S S System Ltd. SME Initial Rating CRAB-SE 4 - - -

1140 Mega Yarn Dyeing Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1141 Meghna Cement Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1142 Meghna Knit Composite Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1143 Meghna Motors SME Initial Rating CRAB-SE 4 - - -

1144 Meghna Traders SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 28

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1145 Mehedi Enterprise SME Initial Rating CRAB-SE 4 - - -

1146 Mehedi Traders SME Initial Rating CRAB-SE 3 - - -

1147 Mehedi Traders (NBL) SME Surveillance CRAB-SE 4 - - -

1148 Mehnaz Styles & Craft Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1149 Memory International SME Initial Rating CRAB-SE 3 - - -

1150 Menon Plastic SME Initial Rating CRAB-SE 4 - - -

1151 Mercer Design Tex Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1152 Mercury Knitwear (Pvt.) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1153 Mesh Exports House (Pvt) Ltd. Corporate Surveillance - BBB2(Lr) ST-4 -

1154 Mesh Garments (Pvt) Unit-1 Ltd. Corporate Surveillance BB1(Pr) - - -

1155 Mesh Sports Wear (Pvt) Ltd. Corporate Surveillance - BBB2(Lr) ST-4 -

1156 Metee Motors SME Initial Rating CRAB-SE 3 - - -

1157 Metro Knitting & Dyeing Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1158 Metro Spinning Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1159 MGP Tower Corporate Initial Rating - BB1(Lr) - -

1160 Miami Roto Film Ltd. Corporate Surveillance - BBB3(Lr) - -

1161 Micro Engineering Aid SME Initial Rating CRAB-SE 4 - - -

1162 MID Asia Fashion Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

1163 Midland Power Co. Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1164 Milan Cold Storage Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1165 Milko Dairy & Poultry Feeds Ltd. Corporate Surveillance BB2(Pr) - - -

1166 Milon Cloth Store SME Initial Rating CRAB-SE 4 - - -

1167 Milon Industries SME Surveillance CRAB-SE 4 - - -

1168 Milon Traders SME Initial Rating CRAB-SE 4 - - -

1169 Milon Watch Service SME Initial Rating CRAB-SE 4 - - -

1170 MIM Design Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1171 Mim Fast Food SME Initial Rating CRAB-SE 3 - - -

1172 Mim Mahin Mohit Poultry SME Initial Rating CRAB-SE 4 - - -

1173 MIM Sweaters Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1174 Minhaz Stone Crusher SME Surveillance CRAB-SE 3 - - -

1175 Mintu Carton Store & Packaging SME Initial Rating CRAB-SE 4 - - -

1176 Mir Brothers SME Surveillance CRAB-ME 3 - - -

1177 Mir Enterprise SME Initial Rating CRAB-SE 3 - - -

1178 Mir Trading SME Surveillance CRAB-SE 4 - - -

1179 Miraj Textile SME Surveillance CRAB-SE 4 - - -

1180 Mirzapur CNG Filling Station Ltd. Corporate Initial Rating BBB3(Pr) - - -

1181 Mirzapur Motsho Prokalpo-2 SME Surveillance CRAB-SE 4 - - -

1182 Misami Garments Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1183 Misham Feeds Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable

1184 Mita Chaul Kall SME Initial Rating CRAB-SE 4 - - -

1185 Mitali Stone Crusher SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 29

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1186 Miton Cottage Industries SME Surveillance CRAB-ME 3 - - -

1187 Mizan Salt Mills Ltd. SME Initial Rating CRAB-SE 3 - - -

1188 Mizan Traders SME Initial Rating CRAB-SE 3 - - -

1189 Mizanur Chaul Kal SME Initial Rating CRAB-SE 4 - - -

1190 MM Ship Breaking Industries Corporate Surveillance - BBB3(Lr) ST-1, ST-3 -

1191 MM Trading SME Surveillance CRAB-SE 3 - - -

1192 MNRS Trade International SME Surveillance CRAB-SE 4 - - -

1193 Mobarak Bricks And Its sister Concern Mobarak Traders SME Surveillance CRAB-SE 3 - - -

1194 Mocca Tiles & Sanitary (Pvt.) Ltd. Corporate Initial Rating - BB1(Lr) ST-4 -

1195 Modern Accessories SME Surveillance CRAB-SE 3 - - -

1196 Modern Corporation Corporate Surveillance - BBB3(Lr) ST-3 -

1197 Modern Diagnostic Centre Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1198 Modern Salt Industries SME Initial Rating CRAB-SE 4 - - -

1199 Modhumela Bread and Sweets Ltd. SME Initial Rating CRAB-SE 4 - - -

1200 Modina Enterprise SME Surveillance CRAB-SE 4 - - -

1201 Modina Filling Station & Its Sister Concern (Modina Traders) SME Initial Rating CRAB-SE 4 - - -

1202 Modina Poultry Case & Metal SME Surveillance CRAB-SE 4 - - -

1203 Modiste (Bangladesh) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1204 Modiste (CEPZ) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1205 Modon Mohon Vander SME Initial Rating CRAB-ME 3 - - -

1206 Mofa Fish Processing (Pvt) Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable

1207 Mohadeb Chandra Chando SME Initial Rating CRAB-SE 3 - - -

1208 Mohammad Ali Traders SME Surveillance CRAB-SE 3 - - -

1209 Mohammadi Electric Wires & Multi Products Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

1210 Mohammadi Enterprise SME Initial Rating CRAB-SE 3 - - -

1211 Mohammadia Iron Industries SME Surveillance CRAB-SE 3 - - -

1212 Mohammed & Sons Corporate Surveillance - - ST-3 -

1213 Mohanagar Paribahan SME Initial Rating CRAB-SE 3 - - -

1214 Mohosin Motors SME Surveillance CRAB-SE 4 - - -

1215 Mohsin Trading Corporation SME Initial Rating CRAB-SE 4 - - -

1216 Moidul Store SME Initial Rating CRAB-SE 4 - - -

1217 Molla Enterprise SME Surveillance CRAB-SE 4 - - -

1218 Molla Traders SME Surveillance CRAB-SE 3 - - -

1219 Molla Vangri Store and its sister concern Laboni metal Industries SME Initial Rating CRAB-SE 4 - - -

1220 Mollah Glass House SME Surveillance CRAB-ME 3 - - -

1221 Mom Tex Ltd. Corporate Initial Rating - A2(Lr) ST-3 -

1222 Mom Tex Ltd. Unit-2 Corporate Initial Rating - A1(Lr) ST-3 -

1223 Momin Spinning Mills Corporate Surveillance - BBB2(Lr) ST-3 -

1224 Momin Textile Corporate Surveillance - BBB2(Lr) ST-3 -

1225 Monarch Engineers Corporate Surveillance - - ST-3 -

1226 Mondal Traders SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 30

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1227 Mondol Dairy Firm SME Initial Rating CRAB-SE 4 - - -

1228 Mondol Traders SME Initial Rating CRAB-SE 4 - - -

1229 Mongol Bakery SME Surveillance CRAB-ME 3 - - -

1230 Moni Corporation SME Initial Rating CRAB-SE 4 - - -

1231 Monica Button & Garments Accessories (Pvt.) Ltd. SME Surveillance CRAB-SE 4 - - -

1232 Monir Enterprise SME Initial Rating CRAB-SE 3 - - -

1233 Monir Timber & Sawmill SME Surveillance CRAB-SE 4 - - -

1234 Monir Traders SME Initial Rating CRAB-SE 4 - - -

1235 Monju Bazar SME Surveillance CRAB-SE 4 - - -

1236 Monowara Knit Fashions Ltd. SME Surveillance CRAB-SE 3 - - -

1237 Moon Enterprise SME Initial Rating CRAB-SE 4 - - -

1238 Morol Group SME Initial Rating CRAB-SE 3 - - -

1239 Mosco Marketing Company SME Initial Rating CRAB-SE 3 - - -

1240 Mostafiz & Brothers SME Surveillance CRAB-ME 3 - - -

1241 Mostafizur Rahman SME Initial Rating CRAB-SE 4 - - -

1242 Mostofa Motors Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1243 Mother Khadija Traders SME Surveillance CRAB-SE 3 - - -

1244 Mother Steel Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1245 Mother Textile Mills Corporate Initial Rating - BBB1(Lr) ST-3 -

1246 Mou Poultry Feed & Madicine & Sister Concern SME Initial Rating CRAB-SE 3 - - -

1247 Mouchak Knit Composite Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1248 Mousumi Chaul Kal SME Initial Rating CRAB-SE 3 - - -

1249 Mozammel Haque SME Initial Rating CRAB-SE 4 - - -

1250 Mozumder Traders SME Initial Rating CRAB-SE 4 - - -

1251 MS Bricks SME Surveillance CRAB-SE 4 - - -

1252 MSA Spinning Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1253 MSM Bricks SME Initial Rating CRAB-SE 4 - - -

1254 MS-MR JV Corporate Initial Rating - BB2(Lr) - -

1255 Muhib and Theo Inc. SME Surveillance CRAB-SE 4 - - -

1256 Muhibur Rahman Corporate Surveillance - - ST-3 -

1257 Mukta Traders SME Initial Rating CRAB-SE 3 - - -

1258 Mukta Traders (EBL) SME Initial Rating CRAB-SE 4 - - -

1259 Multi Safh Bags Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

1260 Multi Trade Enterprise Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1261 Multibiz Pipe Industries Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1262 Multimedia Content & Communications Ltd. Corporate Initial Rating BB1 BB1(Lr) - Stable

1263 Munir Chaul Kall SME Initial Rating CRAB-SE 4 - - -

1264 Munni Enterprise SME Initial Rating CRAB-SE 4 - - -

1265 Munshi Traders SME Surveillance CRAB-SE 4 - - -

1266 Munshigonj Fiber & Agro Industries Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1267 Murad Enterprise SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 31

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1268 Musa & Issa Enterprise Corporate Surveillance - BBB3(Lr) ST-4 -

1269 Musa Sowdagor Corporate Surveillance - BBB1(Lr) ST-3 -

1270 Mutual Food Products Ltd. Corporate Surveillance - A3(Lr) ST-3 -

1271 My One Energy Ltd. SME Surveillance CRAB-ME 3 - - -

1272 MZM (CEPZ) Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1273 N N Enterprise SME Surveillance CRAB-SE 3 - - -

1274 N Plus SME Surveillance CRAB-SE 3 - - -

1275 N R Corporation SME Initial Rating CRAB-SE 4 - - -

1276 N S Steel SME Surveillance CRAB-SE 3 - - -

1277 N S Steel Wire Nail Industries SME Initial Rating CRAB-SE 4 - - -

1278 Nabik Knit Fabrics SME Initial Rating CRAB-SE 4 - - -

1279 Nabil Auto Flour Mill Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable

1280 Nabil Farm Ltd. SME Initial Rating CRAB-SE 3 - - -

1281 Nabil Feed Mills Ltd. Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable

1282 Naboti Industries (Pvt.) Ltd. SME Surveillance CRAB-SE 4 - - -

1283 Nafisa Apparels Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1284 Nahar Poultry Farm SME Initial Rating CRAB-SE 4 - - -

1285 Nahid Advertise & Printing SME Surveillance CRAB-SE 4 - - -

1286 Nahid Enterprise & its sister concern M/S Panchbibi Pouro Biddut Bitan SME Initial Rating CRAB-SE 3 - - -

1287 Nahid Motors SME Surveillance CRAB-SE 3 - - -

1288 Nahid Traders SME Surveillance CRAB-SE 3 - - -

1289 Nakshatra SME Surveillance CRAB-ME 3 - - -

1290 NAM Enterprise SME Surveillance CRAB-SE 3 - - -

1291 Namira Enterprise SME Initial Rating CRAB-ME 3 - - -

1292 Nannu & Brothers SME Initial Rating CRAB-SE 3 - - -

1293 Nannu Spinning Mills Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1294 Nannu Textile Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1295 Naptune Advertising Ltd. SME Initial Rating CRAB-SE 5 - - -

1296 Naser Enterprise SME Surveillance CRAB-SE 3 - - -

1297 Nasiruddin Traders SME Surveillance CRAB-SE 3 - - -

1298 National Color Point SME Surveillance CRAB-SE 4 - - -

1299 National Electronics SME Initial Rating CRAB-SE 4 - - -

1300 National Machinery Corporation SME Initial Rating CRAB-SE 3 - - -

1301 National Traders SME Surveillance CRAB-SE 4 - - -

1302 Nationtech Communications Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1303 Nature & Care Agro Products Ltd. SME Initial Rating CRAB-ME 4 - - -

1304 Navana Batteries Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

1305 Navana Building Products Ltd. Corporate Surveillance - A3(Lr) ST-3 -

1306 Navana Construction Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1307 Navana Foods Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1308 Navana Limited Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 32

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1309 Navana Real Estate Limited Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1310 Navid Knit Fabric Ltd. SME Initial Rating CRAB-ME 3 - - -

1311 Nawaj Sharif Traders SME Initial Rating CRAB-SE 3 - - -

1312 NAZ Bangladesh Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1313 Nazim Uddin & Brothers SME Surveillance CRAB-SE 3 - - -

1314 Nazma Dairy Farm & Mach Chash Prakalpo SME Surveillance CRAB-SE 4 - - -

1315 Nazma Motso Prokolpo SME Initial Rating CRAB-SE 4 - - -

1316 Nazmul Haque Enterprise and Its Sister Concern Sakib TradingSME Initial Rating CRAB-SE 4 - - -

1317 Nazrul Enterprise SME Surveillance CRAB-SE 3 - - -

1318 Nehan Traders Corporate Initial Rating - - ST-3 -

1319 Neo Zipper Company Ltd. Corporate Surveillance A1 A1(Lr) ST-2 Stable

1320 Neptune Electric Electronics Mechanical & Engineering SME Surveillance CRAB-SE 4 - - -

1321 NES Trading Ltd. SME Surveillance CRAB-SE 3 - - -

1322 Network Apparel Ltd. Corporate Initial Rating - BB2(Lr) ST-4 -

1323 Network Clothing Ltd. Corporate Initial Rating - BB2(Lr) ST-4 -

1324 New Afrin Cold Storage Ltd. Corporate Surveillance - BBB3(Lr) ST-4 -

1325 New Al Amin D Show Room SME Initial Rating CRAB-SE 3 - - -

1326 New Al Modina Enterprise SME Initial Rating CRAB-SE 4 - - -

1327 New Amin Jewellers Corporate Surveillance - BBB2(Lr) - -

1328 New Auto Galaxy Corporate Surveillance - - ST-3 -

1329 New Auto Land. SME Initial Rating CRAB-SE 3 - - -

1330 New Base Industries SME Initial Rating CRAB-SE 3 - - -

1331 New Bogdad Rice Mill Corporate Surveillance - - ST-3 -

1332 New Boss Bricks & Sister Concern SME Initial Rating CRAB-SE 3 - - -

1333 New City Ride Ltd. SME Initial Rating CRAB-SE 4 - - -

1334 New Islamia Library SME Initial Rating CRAB-SE 4 - - -

1335 New Madina Plastics Industries SME Surveillance CRAB-SE 4 - - -

1336 New Nani Products SME Surveillance CRAB-SE 3 - - -

1337 New Parag Enterprise SME Surveillance CRAB-SE 4 - - -

1338 New Pritom Enterprise SME Initial Rating CRAB-SE 4 - - -

1339 New Rakib Enterprise SME Surveillance CRAB-SE 4 - - -

1340 New Shafique Car Paint SME Initial Rating CRAB-SE 4 - - -

1341 New Shitolakha Flour Mills SME Surveillance CRAB-SE 4 - - -

1342 New Siddiques SME Surveillance CRAB-SE 3 - - -

1343 New Sitakunda Sobji Bhandar SME Surveillance CRAB-SE 4 - - -

1344 New Sonali Enterprise SME Surveillance CRAB-SE 4 - - -

1345 New Sun Bricks & Manufactures SME Surveillance CRAB-ME 4 - - -

1346 New Sylhet Trading SME Initial Rating CRAB-SE 3 - - -

1347 New Vai Vai Store SME Initial Rating CRAB-SE 4 - - -

1348 Next Collection SME Initial Rating CRAB-SE 3 - - -

1349 Next Zone SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 33

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1350 NHQ Distributions Ltd. Corporate Surveillance - BBB3(Lr) ST-1,ST-3 -

1351 Niagara Textiles Ltd Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1352 Nice Denim Mills Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable

1353 Nikhut Traders SME Initial Rating CRAB-SE 4 - - -

1354 Nikki Thai Aluminium Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1355 Nina Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1356 Nine Point Engineering Service SME Initial Rating CRAB-SE 4 - - -

1357 Nipa Traders SME Initial Rating CRAB-SE 4 - - -

1358 Niribili Poultry & Livestock Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable

1359 Nirman Prokausholy Corporate Surveillance - BB1(Lr) ST-4 -

1360 Nirman Traders SME Surveillance CRAB-SE 3 - - -

1361 Nisha Textile Mills Ltd. SME Initial Rating CRAB-SE 4 - - -

1362 Nishi Enterprise SME Surveillance CRAB-SE 3 - - -

1363 Nissho Koeki Tissue Papers Co. Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable

1364 Nitol Electronics Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

1365 Nitya Gopal Shaha SME Surveillance CRAB-SE 4 - - -

1366 Nizam & Brothers SME Surveillance CRAB-SE 4 - - -

1367 Nizam Enterprise SME Surveillance CRAB-SE 3 - - -

1368 NK Brothers Filling Station SME Initial Rating CRAB-SE 3 - - -

1369 Nobel Navigation and Shipping Line SME Initial Rating CRAB-SE 4 - - -

1370 Noble Printing & Packaging Ltd. SME Surveillance CRAB-SE 3 - - -

1371 Noman Fabrics Ltd. Corporate Surveillance A3 A3(Lr) - Stable

1372 Noman Home Textile Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

1373 Noman Spinning Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1374 Noman Terry Towel Mills Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1375 Noman Textiles Mills Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

1376 Noor Enterprise SME Initial Rating CRAB-SE 4 - - -

1377 Noor Enterprise (Uttara Bank) SME Initial Rating CRAB- SE 4 - - -

1378 Noor Plastic Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1379 North Bengal Grain Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1380 Northern Agriscience Ltd. Corporate Initial Rating - - ST-3 -

1381 Northern Paddy Bi-Product Corporate Initial Rating - B2(Lr) ST-5 -

1382 Novo Com Ltd. Corporate Surveillance BBB3 BBB3(Lr) - Stable

1383 Novo Corporation SME Surveillance CRAB-ME 4 - - -

1384 Novo Tel Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1385 Nowapara Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1386 NS Construction SME Initial Rating CRAB-ME 3 - - -

1387 Nurani Traders SME Initial Rating CRAB-SE 4 - - -

1388 Nur-E-Alahee & Brothers (Pvt.) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1389 Nuru Bettery House SME Initial Rating CRAB-SE 4 - - -

1390 Nuru Motors SME Surveillance CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 34

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1391 Nurul Huda Filling Station Corporate Surveillance - BBB3(Lr) - -

1392 Nurul Islam Traders SME Surveillance CRAB-SE 4 - - -

1393 Nurun Nessa Saw Mill & Furniture SME Initial Rating CRAB-SE 4 - - -

1394 Nusrat Builders Corporate Surveillance - BBB3(Lr) ST-3 -

1395 Nusrat Motsha Khamar & M/S Nazat Enterprise SME Initial Rating CRAB-SE 4 - - -

1396 Nutan Bidyut (Bangladesh) Ltd. Corporate Initial Rating A3(Pr) - - -

1397 O k Trade International Corporate Initial Rating - BB2(Lr) - -

1398 Oasis Services (Agro) Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable

1399 Obaid Enterprise SME Surveillance CRAB-SE 3 - - -

1400 Oculin Tech BD Ltd. Corporate Initial Rating BBB3 BBB3(Lr) - Stable

1401 Oeshi Enterprise SME Surveillance CRAB-SE 4 - - -

1402 Ohiduzzaman Chowdhury SME Initial Rating CRAB-SE 3 - - -

1403 OK Enterprise Pvt. Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

1404 OK Properties Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

1405 OKM Trading Corporation Corporate Surveillance - BBB3(Lr) ST-3 -

1406 Oli Enterprise SME Surveillance CRAB-SE 3 - - -

1407 Olympic Travels (BD) Ltd. SME Surveillance CRAB-SE 4 - - -

1408 Omni Power Ltd. SME Initial Rating CRAB-SE 4 - - -

1409 One Telecom SME Surveillance CRAB-SE 3 - - -

1410 Onib Textile Mills SME Surveillance CRAB-ME 3 - - -

1411 Onnivision Trade International Ltd. SME Initial Rating CRAB-SE 4 - - -

1412 Orbit Steel Building Solution SME Initial Rating CRAB-SE 4 - - -

1413 Orbital International SME Surveillance CRAB-ME 3 - - -

1414 Orient Export Import Co. Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1415 Orient Plastic & Packaging Industries Ltd. SME Surveillance CRAB-SE 4 - - -

1416 Oriental Oil Company Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1417 Orion Gas Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1418 Orion Infrastructure Ltd. Corporate Surveillance BBB2 BBB2(Lr) - Stable

1419 Orion Infrastructure Ltd. (Bond) Corporate Surveillance BBB3(SO) BBB3(SO) - -

1420 Orion Infrastructure Ltd. (Preference Share) Corporate Surveillance BBB2(SO) BBB2(SO) - -

1421 Orion Infusion Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1422 Orion Pharma Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1423 Orion Power Dhaka Ltd. Corporate Surveillance A3(Pr) - - -

1424 Orion Power Meghnaghat Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1425 Orion Tea Company Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

1426 Orlance Shipping & Trading Agency SME Surveillance CRAB-SE 4 - - -

1427 Ours Corporation SME Surveillance CRAB-ME 4 - - -

1428 Ovee Enterprise & Sister Concern SME Initial Rating CRAB-SE 4 - - -

1429 Ovijhat Shamver SME Initial Rating CRAB-SE 4 - - -

1430 Oww Trading & Ship Breaking Corporate Surveillance - - ST-3 -

1431 Oxford Colours Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 35

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1432 P K Trading SME Surveillance CRAB-SE 3 - - -

1433 P4S Packaging & Accessories Ltd. SME Initial Rating CRAB-SE 3 - - -

1434 Pabna Knit Design Ltd. Corporate Surveillance - BBB3(Lr) - -

1435 Pach Bhai Restaurant. SME Initial Rating CRAB-SE 2 - - -

1436 Pacific Ispat Mills SME Surveillance CRAB-ME 3 - - -

1437 Pack nd Package Ltd. SME Surveillance CRAB-ME 3 - - -

1438 Packmart Industries Ltd. Corporate Surveillance AA2 AA2(Lr) ST-3 Stable

1439 Padma Auto Rice Mills SME Initial Rating CRAB-SE 3 - - -

1440 Padma Industries Ltd. SME Surveillance CRAB-SE 4 - - -

1441 Paisha Cold Storage Pvt. Ltd. SME Initial Rating CRAB-SE 4 - - -

1442 Pakiza Cotton Spinning Mills (Pvt.) Ltd. Corporate Initial Rating - A1(Lr) ST-3 -

1443 Pakiza Dyeing & Printing Industries Ltd. Corporate Initial Rating - A1(Lr) ST-3 -

1444 Pakiza Knit Composite Ltd. Corporate Initial Rating - A2(Lr) ST-3 -

1445 Pakiza Spinning Mills Ltd. Corporate Initial Rating - A1(Lr) ST-3 -

1446 Pakiza Textiles Ltd. Corporate Initial Rating - A1(Lr) ST-3 -

1447 Palak Tama Enterprise SME Initial Rating CRAB-SE 4 - - -

1448 Pan Mark Apparels (Pvt.) Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1449 Pan Pacific Sweaters Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable

1450 Panasia Clothing Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1451 Pandit Engineering Corporation SME Initial Rating CRAB-SE 3 - - -

1452 Panorama Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1453 Panorama Washing Co. Ltd. Corporate Surveillance - BBB2(Lr) - -

1454 Papella Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable

1455 Papyrus fastQ (BD) Ltd. SME Surveillance CRAB-ME 3 - - -

1456 Paradigm Architects and Engineers SME Initial Rating CRAB-ME 3 - - -

1457 Paradise Sun Company Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1458 Paramount Trading SME Surveillance CRAB-SE 3 - - -

1459 Parents Filling Station & Servicing Center SME Initial Rating CRAB-SE 4 - - -

1460 Partex Cables Ltd. Corporate Surveillance - A3(Lr) ST-3 -

1461 Partex Furniture Industries Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1462 Partex Laminates Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1463 Partex PVC Industries Ltd. Corporate Surveillance - A1(Lr) ST-3 -

1464 Partex Tissue Ltd. Corporate Initial Rating A3(Pr) - - -

1465 Paru Enterprise SME Initial Rating CRAB-SE 4 - - -

1466 Pearl Garments Company Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

1467 Pearl Paper & Board Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1468 Pearls & Pouce Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1469 PEB Steel Alliance Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1470 Perfect Development Foundation Corporate Initial Rating BB1 BB1(Lr) ST-4 Stable

1471 Phool Mohammad Traders Corporate Initial Rating - - ST-3 -

1472 Pintu Trading Company SME Surveillance CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 36

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1473 Pole Star Fashion Design Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

1474 Polli Feed Industries SME Surveillance CRAB-SE 4 - - -

1475 Poly Traders SME Surveillance CRAB-SE 3 - - -

1476 Popular Library Ltd. SME Initial Rating CRAB-ME 3 - - -

1477 Popular Trade Agency SME Initial Rating CRAB-SE 3 - - -

1478 Port Land International Corporate Surveillance - BB1(Lr) ST-3 -

1479 Port Land International (BD) Ltd Corporate Surveillance BB3 BB3(Lr) ST-4 Stable

1480 Power & Project Controls Ltd. SME Initial Rating CRAB-SE 4 - - -

1481 Prantik Enterprise SME Surveillance CRAB-SE 4 - - -

1482 Prantik Marine Service Ltd. Corporate Surveillance - BBB3(Lr) - -

1483 Pranto Diganto Traders SME Initial Rating CRAB-SE 4 - - -

1484 Pratik Apparels Ltd. Corporate Surveillance BB2 BB2(Lr) ST-3 Stable

1485 Prayer Trading SME Initial Rating CRAB-ME 3 - - -

1486 Precision Weighing Solution Co. SME Surveillance CRAB-SE 4 - - -

1487 Premier Accessories Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1488 Premium Sweets SME Surveillance CRAB-ME 3 - - -

1489 Pretty Auto Bricks Ltd. Corporate Initial Rating BBB2(Pr) - - -

1490 Pretty Composite Textiles Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable

1491 Pretty Pharmaceuticals Ltd. Corporate Initial Rating BBB2(Pr) - - -

1492 Pretty Sweaters Ltd. Corporate Initial Rating A1 A1(Lr) ST-3 Stable

1493 Pretty Washing Ltd. Corporate Initial Rating BBB1(Pr) - - -

1494 Pretty Wool Ware Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable

1495 PRG Semi Auto Rice Mill & Its Sister Concern SME Surveillance CRAB-SE 3 - - -

1496 Prime AMR Exchange Corporate Surveillance - BBB3(Lr) - -

1497 Prime Communication Corporate Surveillance - BBB2(Lr) - -

1498 Prime Engineering Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1499 Prime Enterprise Corporate Surveillance - A3(Lr) - -

1500 Prime Enterprise (SME) SME Surveillance CRAB-SE 3 - - -

1501 Prime Footware Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable

1502 Prime Sweater Ltd. Corporate Initial Rating - BB2(Lr) ST-4 -

1503 Prince Polymer Industries SME Surveillance CRAB-SE 5 - - -

1504 Priti Enterprise SME Surveillance CRAB-SE 3 - - -

1505 Priyam Garments Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1506 Prodhan Food Agro Industries Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1507 Prodhan Oil Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1508 Prodhan Traders Corporate Surveillance - BBB3(Lr) ST-3 -

1509 Progati Traders SME Surveillance CRAB-SE 4 - - -

1510 Progressive Fishing Ltd. Corporate Surveillance - BB1(Lr) - -

1511 Prokher Sarker Oil Industries SME Initial Rating CRAB-SE 3 - - -

1512 Prome Agro Foods Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1513 Pronayan SME Initial Rating CRAB-SE 2 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 37

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1514 Prophecy Furniture Ltd. SME Surveillance CRAB-SE 3 - - -

1515 Protiva Enterprise SME Initial Rating CRAB-SE 4 - - -

1516 Prottoy Feed SME Surveillance CRAB-SE 3 - - -

1517 Proud Textile SME Surveillance CRAB-ME 4 - - -

1518 Provabati Traders SME Surveillance CRAB-SE 3 - - -

1519 Pubali Iodized Salt Plant SME Surveillance CRAB-ME 3 - - -

1520 Pulse Communication SME Initial Rating CRAB-ME 3 - - -

1521 Purbani Fabrics Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1522 Purbani Rotor Spinning Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1523 Purbani Synthetic Spinning Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1524 Purbani Yarn Dyeing Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1525 Purple Telecom Ltd. SME Surveillance CRAB-ME 2 - - -

1526 Q n Queue Accessories Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

1527 QNS Container Services Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-2 Stable

1528 QNS Industries Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

1529 Quality Mineral Industries SME Surveillance CRAB-SE 3 - - -

1530 Quantam Builders & Engineering Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1531 Quantam LA Construction Corporate Surveillance - BBB3(Lr) ST-3 -

1532 Quartel Infotech Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable

1533 Quasem Drycells Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1534 Quasem Food Products Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1535 R A M Electronics SME Surveillance CRAB-SE 3 - - -

1536 R Islam Accessories SME Initial Rating CRAB-SE 4 - - -

1537 R K International SME Surveillance CRAB-SE 3 - - -

1538 R M Fabitech Ltd. SME Surveillance CRAB-ME 2 - - -

1539 R M Interlinings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1540 R M International SME Initial Rating CRAB-ME 3 - - -

1541 R S Machineries Corporate Surveillance - BBB1(Lr) ST-3 -

1542 R S Non Woven Industries SME Initial Rating CRAB-ME 3 - - -

1543 R S Trade International SME Surveillance CRAB-SE 4 - - -

1544 Rabbani Autos SME Initial Rating CRAB-SE 3 - - -

1545 Rabbi Enterprise SME Initial Rating CRAB-SE 5 - - -

1546 Rabeya Automatic Rice Mill Corporate Surveillance - - ST-3 -

1547 Rabi & Brothers Poultry Hatchery SME Initial Rating CRAB-SE 4 - - -

1548 Rabsa Enterprise SME Initial Rating CRAB-SE 4 - - -

1549 Racy Fashion & Packaging Ind. Ltd. SME Initial Rating CRAB-SE 3 - - -

1550 Radial International Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1551 Radiance Fashion Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1552 Radiance Jeans Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

1553 Radiance Packaging & Accessories Ltd. Corporate Surveillance - BBB1(Lr) ST-3 -

1554 Radisson Casualwear Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 38

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1555 Radisson Garments Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1556 Rafi Medical Hall SME Surveillance CRAB-SE 4 - - -

1557 Rafim Enterprise SME Surveillance CRAB-SE 3 - - -

1558 Rafique & Brothers SME Surveillance CRAB-SE 4 - - -

1559 Rafique Enterprise SME Initial Rating CRAB-SE 4 - - -

1560 Rafique Enterprise (TBL) SME Surveillance CRAB-SE 4 - - -

1561 Rahat Auto Rice Mill SME Surveillance CRAB-ME 4 - - -

1562 Rahfa Enterprise SME Initial Rating CRAB-SE 4 - - -

1563 Rahi Trade SME Initial Rating CRAB-SE 3 - - -

1564 Rahman & Co. Corporate Initial Rating - - ST-4 -

1565 Rahman and Brothers SME Surveillance CRAB-SE 3 - - -

1566 Rahman International SME Initial Rating CRAB-ME 3 - - -

1567 Rahman Jute Mills (Pvt.) Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

1568 Rahman Mill Store SME Initial Rating CRAB-SE 4 - - -

1569 Rahman Traders SME Initial Rating CRAB-ME 3 - - -

1570 Rahmania Rice Agency & Rahmania Traders SME Initial Rating CRAB-SE 3 - - -

1571 Rahmat Ali & Co. SME Initial Rating CRAB-SE 3 - - -

1572 Rahul Consumer Product SME Initial Rating CRAB-ME 3 - - -

1573 Rahul Flour Mill SME Surveillance CRAB-ME 3 - - -

1574 Rahul Oil & Food Product SME Surveillance CRAB-ME 3 - - -

1575 Rainbow Associates Corporate Surveillance - BB1(Lr) ST-4 -

1576 Rainbow Chemicals SME Surveillance CRAB-SE 4 - - -

1577 Rainbow Jute Mills Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

1578 Raiyan Enterprise SME Initial Rating CRAB-SE 3 - - -

1579 Raj Lanka Power Co. Limited Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1580 Raj Lanka Power Company Ltd. (Preference Share) Corporate Surveillance AA2 AA2(So) ST-3 Stable

1581 Rajanigandha Plastic Industries & Its Sister Concern SME Surveillance CRAB-SE 3 - - -

1582 Rajdhani Corporation SME Initial Rating CRAB-SE 4 - - -

1583 Rakhi Three Piece SME Surveillance CRAB-SE 4 - - -

1584 Rakib & Brothers SME Initial Rating CRAB-SE 4 - - -

1585 Rakib Enterprise SME Surveillance CRAB-SE 4 - - -

1586 Rakib Traders SME Initial Rating CRAB-SE 4 - - -

1587 Ralex Industries Ltd. Corporate Initial Rating BBB3 - - Stable

1588 Ramim Traders SME Surveillance CRAB-SE 3 - - -

1589 Rana Enterprise SME Initial Rating CRAB-SE 3 - - -

1590 Rana Matsho Khamar SME Initial Rating CRAB-SE 4 - - -

1591 Rana Metal Industries SME Surveillance CRAB-SE 3 - - -

1592 Rang Bitan SME Initial Rating CRAB-SE 4 - - -

1593 Rangs Motors Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1594 Ranks FC Properties Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1595 Ranks Motors workshops Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 39

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1596 Ranks Real Estate Ltd. Corporate Surveillance - BBB3(Lr) - -

1597 Rapid Trim Solution SME Surveillance CRAB-SE 3 - - -

1598 Raquib & Brothers SME Initial Rating CRAB-SE 3 - - -

1599 Rasel Enterprise SME Initial Rating CRAB-SE 4 - - -

1600 Rasel Jute Fibers SME Initial Rating CRAB-SE 3 - - -

1601 Rasel Traders and It's Sister Concern M/S. Rasel Textile SME Surveillance CRAB-SE 4 - - -

1602 Rashed & Brothers SME Initial Rating CRAB-SE 4 - - -

1603 Rashed Enterprise SME Initial Rating CRAB-SE 4 - - -

1604 Rashid & Brothers Rice Mill SME Surveillance CRAB-SE 3 - - -

1605 Rashid & Sons International SME Initial Rating CRAB-SE 3 - - -

1606 Rashid Agro Food Products Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1607 Rashid Automatic Rice Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1608 Rashid Enterprise Corporate Surveillance - - ST-3 -

1609 Rashid Enterprise (Naogaon) SME Surveillance CRAB-SE 4 - - -

1610 Rashid Enterprise (SME) SME Initial Rating CRAB-SE 6 - - -

1611 Rashid Oil Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1612 Ratna Machineries Store SME Initial Rating CRAB-SE 5 - - -

1613 Ratul Collection Corporate Surveillance - BBB3(Lr) ST-3 -

1614 Rayfung Trading International SME Initial Rating CRAB-SE 3 - - -

1615 Rayshine Electronics Ltd. SME Surveillance CRAB-SE 4 - - -

1616 Razon Traders SME Initial Rating CRAB-SE 4 - - -

1617 Razu Trading Agency SME Surveillance CRAB-SE 3 - - -

1618 Razzak & Co. SME Initial Rating CRAB-SE 4 - - -

1619 Razzak Brothers Corporate Surveillance - BBB2(Lr) ST-3 -

1620 Razzak Shoe Store SME Initial Rating CRAB-SE 4 - - -

1621 Red Chilli Restaurant SME Initial Rating CRAB-SE 3 - - -

1622 Refat Garments Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

1623 Reid & Fashion SME Surveillance CRAB-SE 3 - - -

1624 Rejaul Traders SME Initial Rating CRAB-SE 3 - - -

1625 Rekha Prokashani Ltd. SME Initial Rating CRAB-ME 3 - - -

1626 Reliance Accessories Ind. Ltd. SME Initial Rating CRAB-SE 4 - - -

1627 Reliance Home Appliance SME Initial Rating CRAB- SE 4 - - -

1628 Reliance Steel Ltd. Corporate Initial Rating BBB3(Pr) - - -

1629 REMAC Metal Industries Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable

1630 Remi Holdings ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1631 Renata Agro Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1632 Rensco Rice Mill SME Surveillance CRAB-SE 4 - - -

1633 Resource Planning & Management Consultants (Pvt) LCorporate Surveillance A3 A3(Lr) ST-3 Stable

1634 Reverie Power & Automation Engineering Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1635 Reyan Enterprise and its sister concern  SME Initial Rating CRAB-SE 3 - - -

1636 RGR Sweater Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 40

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1637 Ripon Door & Furniture Gallery SME Surveillance CRAB-SE 4 - - -

1638 Ripon Knitwear Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable

1639 Ripon Packaging Ind. (Pvt.) Ltd. Corporate Surveillance BB1 BB1(Lr) ST-3 Stable

1640 Ripon Traders SME Surveillance CRAB-SE 3 - - -

1641 Rishan Enterprise SME Surveillance CRAB-SE 3 - - -

1642 Robi Axiata Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

1643 Robiul Boylar & Chaul Kall SME Initial Rating CRAB-SE 3 - - -

1644 Rokeya & Sons & Its Sister Concern SME Surveillance CRAB-ME 3 - - -

1645 Rokeya Enterprise SME Initial Rating CRAB-SE 4 - - -

1646 Roman Engineering Works SME Surveillance CRAB-SE 4 - - -

1647 Roman Enterprise SME Surveillance CRAB-SE 3 - - -

1648 Romon Azad Enterprise SME Surveillance CRAB-SE 4 - - -

1649 Rongdhanu Paint & Hardware SME Surveillance CRAB- SE 4 - - -

1650 Rony Enterprise Corporate Surveillance - - ST-3 -

1651 Rony Plywood Industries Corporate Surveillance - BB2(Lr) ST-4 -

1652 Rose View Complex Pvt Ltd. Corporate Initial Rating - BBB3(Lr) - -

1653 Rowa Fashions Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1654 Rowshan Elevators Ltd. SME Initial Rating CRAB-ME 3 - - -

1655 Rowza Pure Foods Ltd. SME Surveillance CRAB-SE 3 - - -

1656 RR Imperial Electricals Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1657 RS & Brothers SME Surveillance CRAB-SE 4 - - -

1658 RS & T International Corporate Surveillance - BBB1(Lr) ST-3 -

1659 RS Enterprise SME Surveillance CRAB-SE 4 - - -

1660 RTT Textile Industries (PVT.) Ltd. SME Initial Rating CRAB-ME 4 - - -

1661 RTT Towels (BD) Ltd. SME Initial Rating CRAB-ME 3 - - -

1662 Rubel Dyeing Screen Printing Works (Pvt) Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1663 Rubel Steel Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1664 Rubia Textile Mills SME Initial Rating CRAB-ME 4 - - -

1665 Ruby Food Products Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

1666 Ruhul Amin & Brothers SME Initial Rating CRAB-ME 3 - - -

1667 Ruhul Enterprise SME Initial Rating CRAB-SE 4 - - -

1668 Rumon dugdha Khamar SME Initial Rating CRAB-SE 3 - - -

1669 Rumpa Traders SME Initial Rating CRAB-SE 4 - - -

1670 Runner Automobiles Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1671 Runner Motors Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1672 Rupali Agencies Corporate Surveillance - BBB3(Lr) ST-3 -

1673 Rupali Fish Prokolpo SME Initial Rating CRAB-SE 4 - - -

1674 Rupali Rice & Flour Mill SME Initial Rating CRAB-SE 4 - - -

1675 Rupali Rice Mill SME Initial Rating CTAB-SE 4 - - -

1676 Rupsha Automatic Rice Mill SME Initial Rating CRAB-SE 3 - - -

1677 Ruslan Corporation Corporate Surveillance - BB1(Lr) ST-4 -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 41

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1678 Rustom Sawdagar SME Surveillance CRAB-ME 3 - - -

1679 S & S Ship Management SME Initial Rating CRAB-ME 3 - - -

1680 S A Ship Breakers Corporate Surveillance - - ST-3 -

1681 S A Tank Terminal Ltd. Corporate Initial Rating - B1(Lr) - -

1682 S Ahmed Trading Corporation Corporate Surveillance - BBB2(Lr) - -

1683 S Alam Enterprise SME Surveillance CRAB-SE 4 - - -

1684 S F Enterprise SME Surveillance CRAB-SE 4 - - -

1685 S H Entreprise SME Initial Rating CRAB-SE 4 - - -

1686 S Islam Home & Fashion Ltd. SME Initial Rating CRAB-SE 3 - - -

1687 S K Enterprise SME Surveillance CRAB-SE 4 - - -

1688 S K International SME Initial Rating CRAB-SE 3 - - -

1689 S K Steel & Re Rolling Mills Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

1690 S K Textile SME Surveillance CRAB-SE 3 - - -

1691 S K Traders SME Initial Rating CRAB-SE 4 - - -

1692 S M Rice Mill SME Initial Rating CRAB-SE 4 - - -

1693 S M Trading Co. Corporate Surveillance - BB2(Lr) ST-4 -

1694 S N Corporation Corporate Surveillance - - ST-3 -

1695 S R Enterprise SME Surveillance CRAB-SE 4 - - -

1696 S S Bricks SME Initial Rating CRAB-ME 4 - - -

1697 S S Doors & Furniture SME Surveillance CRAB-SE 3 - - -

1698 S S Enterprise SME Initial Rating CRAB-SE 4 - - -

1699 S S Karim & Brothers SME Initial Rating CRAB-ME 3 - - -

1700 S S Trading SME Surveillance CRAB-SE 3 - - -

1701 S T Trading SME Surveillance CRAB-SE 3 - - -

1702 S. Suhi Industrial Park Ltd. Corporate Initial Rating A2 A2(Lr) ST-3 Stable

1703 Saad Biriyani Ghar & Restaurant SME Surveillance CRAB-ME 4 - - -

1704 Sabbir Cottage SME Surveillance CRAB-SE 4 - - -

1705 Sabina Textile SME Surveillance CRAB-SE 4 - - -

1706 Sabjiana Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1707 Sabuj Agro Industries SME Initial Rating CRAB-SE 4 - - -

1708 Sachi Auni CNG Fuel & Conversion Ltd. SME Surveillance CRAB-SE 3 - - -

1709 Sadakalo Pvt. Limited SME Initial Rating CRAB-ME 3 - - -

1710 Sadat Apparels Ltd. Corporate Initial Rating - - ST-4 -

1711 Sadia Cloth Store SME Initial Rating CRAB-SE 4 - - -

1712 Sadma Fashion wear Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1713 Safa Traders SME Initial Rating CRAB-SE 4 - - -

1714 Safatulla Filling Station SME Initial Rating CRAB-SE 3 - - -

1715 Sagor Engineering Works SME Surveillance CRAB-SE 4 - - -

1716 Sagor Enterprise SME Surveillance CRAB-SE 4 - - -

1717 Sahara Pariwar Departmental Store SME Initial Rating CRAB-SE 3 - - -

1718 Sahazatri Enterprise SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 42

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1719 Sahjis Construction SME Initial Rating CRAB-SE 3 - - -

1720 Saiful & Brothers SME Surveillance CRAB-SE 3 - - -

1721 Saiful & Co. SME Surveillance CRAB-SE 3 - - -

1722 Saiham Cotton Mills Ltd. Corporate Surveillance A2 A2(Lr), AA3(Lr) ST-3 Stable

1723 Saiham Knit Composite Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1724 SAJ Engineering & Trading Company SME Initial Rating CRAB-SE 3 - - -

1725 Sajal Enterprise SME Surveillance CRAB-SE 4 - - -

1726 Sajib Enterprise (IBBL) SME Surveillance CRAB-SE 4 - - -

1727 Sajid Knit Industries Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

1728 Saju Enterprise SME Surveillance CRAB-SE 3 - - -

1729 Sakina Poultry Feed Center & Sister Concern SME Surveillance CRAB-ME 3 - - -

1730 Sakura Paribahan Pvt. Ltd. Corporate Surveillance - B1(Lr), BB1(Lr) ST-4 -

1731 Sakura Trading Company SME Initial Rating CRAB-SE 4 - - -

1732 Salahuddin & Co. SME Surveillance CRAB-SE 3 - - -

1733 Salamat Bricks SME Initial Rating CRAB-SE 3 - - -

1734 Salauddin & Sons SME Initial Rating CRAB-SE 3 - - -

1735 Saleh Enterprise SME Surveillance CRAB-SE 3 - - -

1736 Saleh Steel Industries Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

1737 Saleha Mofiz & Sons SME Initial Rating CRAB-SE 3 - - -

1738 Salehi Cottage Industries SME Initial Rating CRAB-ME 4 - - -

1739 Sales Promotion Service Corporate Surveillance - - ST-2,ST-4 -

1740 Salim Plastic Industries SME Surveillance CRAB-SE 4 - - -

1741 Salim Uddin Ahmed SME Initial Rating CRAB-SE 4 - - -

1742 Salma Enterprise SME Surveillance CRAB-SE 4 - - -

1743 SAM Pack Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1744 Sam Ree Dyeing (BD) Ltd. Corporate Surveillance - BB1(Lr) ST-3 -

1745 SAM Steel Corporate Surveillance - BBB3(Lr) ST-3 -

1746 Samad Hardware Store SME Surveillance CRAB-SE 4 - - -

1747 Samad Trading Corporation & Its Sister Cosern SME Initial Rating CRAB-SE 3 - - -

1748 Sameer Enterprise Corporate Surveillance - - ST-4 -

1749 Samim Traders SME Initial Rating CRAB-SE 3 - - -

1750 Samrat Industries Corporate Surveillance - BBB2(Lr) ST-3 -

1751 Samsar Steel Corporation SME Initial Rating CRAB-SE 3 - - -

1752 SAN Apparels Ltd. Corporate Surveillance BB2 BB2(Lr) ST-$ Stable

1753 Sana Cloth Store SME Initial Rating CRAB-SE 4 - - -

1754 Sanuara Oil Mill SME Surveillance CRAB-SE 3 - - -

1755 Sanzi Textile Mills Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1756 Sapahar Rice Agency SME Surveillance CRAB-SE 3 - - -

1757 Sapahar Traders SME Surveillance CRAB-SE 3 - - -

1758 Sara Enterprise SME Surveillance CRAB-SE 4 - - -

1759 Sarder Traders SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 43

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1760 Sarker Motors SME Initial Rating CRAB-SE 4 - - -

1761 Sarker Traders (Dinajpur) SME Initial Rating CRAB-SE 4 - - -

1762 Sarker Traders (Panchbibi) SME Initial Rating CRAB-SE 4 - - -

1763 Satata Bastralay SME Initial Rating CRAB-SE 4 - - -

1764 Satata Clinic & Diagnostic Centre SME Initial Rating CRAB-SE 4 - - -

1765 Satata Fabrics SME Surveillance CRAB-SE 3 - - -

1766 Satata Filling Station SME Initial Rating CRAB-SE 3 - - -

1767 Satata Poultry Firm SME Initial Rating CRAB-SE 4 - - -

1768 Satata Printing & Packaging Ind. Ltd. SME Initial Rating CRAB-SE 3 - - -

1769 Satata RCC Pipe SME Initial Rating CRAB-SE 3 - - -

1770 Satota Fish SME Initial Rating CRAB-SE 4 - - -

1771 Satter & Brothers Corporate Surveillance - - ST-3 -

1772 Satto and Sons SME Initial Rating CRAB-SE 4 - - -

1773 Saturn Textiles Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1774 Saudi Lungi Ghar SME Surveillance CRAB-SE 3 - - -

1775 Save International SME Initial Rating CRAB-SE 5 - - -

1776 Sayed Traders SME Surveillance CRAB-ME 4 - - -

1777 Sayed Traders (SEBL) SME Initial Rating CRAB-SE 4 - - -

1778 Sayera Enterprise SME Surveillance CRAB-ME 3 - - -

1779 Sayra Trading Corporation SME Initial Rating CRAB-SE 4 - - -

1780 Sazzad Enterprise SME Initial Rating CRAB-SE 3 - - -

1781 Sazzad Steel Mills Corporate Surveillance - BBB3(Lr) ST-3 -

1782 SBS Motor Workshop SME Surveillance CRAB-SE 4 - - -

1783 SD Packaging & Accessories Ltd. SME Surveillance CRAB-SE 4 - - -

1784 Sea Blue Textile Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1785 Sea Tex Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

1786 SEB Engineering Ltd. SME Initial Rating CRAB-SE 4 - - -

1787 Secura Bangladesh Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1788 Seiko Steel Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

1789 Sekandar Abashon SME Surveillance CRAB-SE 3 - - -

1790 Self Innovative Fashion Ltd. Corporate Surveillance - - ST-4 -

1791 SENS SME Surveillance CRAB-SE 4 - - -

1792 Server Station SME Surveillance CRAB-ME 3 - - -

1793 Service Bangladesh SME Initial Rating CRAB-SE 4 - - -

1794 Setara Fish Farm Ltd. Corporate Surveillance - BBB3(Lr) ST-4 -

1795 Setu Auto Rice Mill SME Initial Rating CRAB-SE 4 - - -

1796 Setu Rice Mill SME Surveillance CRAB-SE 4 - - -

1797 Seven Colors SME Surveillance CRAB-SE 4 - - -

1798 Seven Seas Shipping Corporate Surveillance - BB3(Lr) - -

1799 SF Sweaters Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1800 Shad Traders SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 44

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1801 Shafi Enterprise SME Initial Rating CRAB-SE 4 - - -

1802 Shafin Agriculture Industries SME Initial Rating CRAB-SE 4 - - -

1803 Shafiq Brothers Corporate Surveillance - - ST-3 -

1804 Shafique Shopping Center SME Initial Rating CRAB-SE 3 - - -

1805 Shah Amanat Cutting Center Corporate Surveillance - BBB1(Lr) ST-3 -

1806 Shah Amanat Traders Corporate Surveillance - BB3(Lr) ST-4 -

1807 Shah Fatehullah Textile Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1808 Shah jalal Trades SME Surveillance CRAB-SE 4 - - -

1809 Shah Rice Mill SME Surveillance CRAB-SE 4 - - -

1810 Shah Sultan Textile Ltd. SME Surveillance CRAB-SE 3 - - -

1811 Shah Traders SME Initial Rating CRAB-SE 3 - - -

1812 Shahab Uddin & Brothers SME Surveillance CRAB-SE 4 - - -

1813 Shahadat Hossain SME Surveillance CRAB-ME 3 - - -

1814 Shaheen Garments SME Surveillance CRAB-ME 3 - - -

1815 Shaheen General Store SME Surveillance CRAB-SE 3 - - -

1816 Shahera Enterprise SME Surveillance CRAB-SE 4 - - -

1817 Shahi Mills & Rice Agency SME Initial Rating CRAB-SE 4 - - -

1818 Shahid Packaging SME Surveillance CRAB-SE 4 - - -

1819 Shahidul Islam SME Initial Rating CRAB-SE 4 - - -

1820 Shahjalal Store SME Initial Rating CRAB-SE 3 - - -

1821 Shahjibazar Power Company Ltd. Corporate Surveillance AA1 AA1(Lr) ST-2 Stable

1822 Shahporan Auto Rice Mill SME Initial Rating CRAB-SE 4 - - -

1823 Shaikat Hatchery & Nursery SME Surveillance CRAB-SE 3 - - -

1824 Shaikat Knitwear Corporate Surveillance - BBB2(Lr) ST-2, ST-3 -

1825 Shaj Harbal & Cosmetics SME Surveillance CRAB-SE 6 - - -

1826 Shakal Shandha Poultry Feed & Sister Concern SME Initial Rating CRAB-SE 4 - - -

1827 Shakil & Hira Enterprise SME Surveillance CRAB-SE 4 - - -

1828 Shakil Enterprise & Auto Saw Mill SME Surveillance CRAB-ME 3 - - -

1829 Shakti Engineering Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

1830 Shamim Enterprise SME Surveillance CRAB-SE 4 - - -

1831 Shamoli Enterprise SME Initial Rating CRAB-SE 4 - - -

1832 Shampa Flour Mills Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

1833 Shampa Shoes SME Surveillance CRAB-SE 4 - - -

1834 Shams Styling Wear Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1835 Shamsul Haque Pharmacy SME Initial Rating CRAB-SE 3 - - -

1836 Shanta Moni Traders SME Surveillance CRAB-SE 4 - - -

1837 Shanto Enterprise SME Surveillance CRAB-ME 4 - - -

1838 Shaodagor SME Initial Rating CRAB-SE 4 - - -

1839 Shaon Enterprise & sister Concern SME Initial Rating CRAB-SE 4 - - -

1840 Shapla Rice Mill SME Initial Rating CRAB-SE 4 - - -

1841 Shara Traders SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 45

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1842 Sharafat & Brothers SME Initial Rating CRAB-SE 3 - - -

1843 Sharif Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1844 Sharif Husking Mill SME Initial Rating CRAB-SE 4 - - -

1845 Sharif Washing Plant SME Initial Rating CRAB-ME 4 - - -

1846 Sharmin Bostraloy & Sister Concern SME Initial Rating CRAB-SE 4 - - -

1847 Sharoda Dal & Food Industries Corporate Surveillance - BBB3(Lr) ST-3 -

1848 Sharoda Flour Mills Corporate Surveillance - BBB3(Lr) ST-3 -

1849 Sharoda Traders Corporate Surveillance - BBB3(Lr) ST-3 -

1850 Sharp Kargo Kare Ltd. SME Surveillance CRAB-SE 4 - - -

1851 Sharufa Steel Agency SME Surveillance CRAB-SE 4 - - -

1852 Shasha Denims Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

1853 Shasha Garments Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1854 Shatu Pipes Ltd. SME Surveillance CRAB-SE 3 - - -

1855 Shatu Steels Ltd. Corporate Surveillance - - ST-3

1856 Shawkath Traders and Store SME Initial Rating CRAB-SE 4 - - -

1857 Shawon Enterprise SME Initial Rating CRAB-SE 4 - - -

1858 Shazib Enterprise SME Initial Rating CRAB-SE 4 - - -

1859 Sheltech (PVT) Limited Corporate Surveillance A2 A2(Lr) ST-3 Stable

1860 Sheltech Ceramics Ltd. Corporate Surveillance BBB2(Pr) - - -

1861 Sheltech Engineering Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1862 Shetue Fish Food SME Surveillance CRAB-SE 4 - - -

1863 Shimu Cement House and Hardware SME Initial Rating CRAB-ME 4 - - -

1864 Shimul Enterprise Corporate Initial Rating - - ST-3 -

1865 Shine Pukur Corporation SME Surveillance CRAB-SE 3 - - -

1866 Shinu Traders SME Surveillance CRAB-SE 3 - - -

1867 Shipon Light House & Electronics SME Initial Rating CRAB-SE 3 - - -

1868 Shirat Chemicals Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

1869 Shoghanda SME Surveillance CRAB-SE 3 - - -

1870 Shohagpur Textile Mills Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1871 Shohel Automobiles SME Surveillance CRAB-SE 4 - - -

1872 Shopnoloke Fashion House SME Initial Rating CRAB-SE 4 - - -

1873 Shova Enterprise SME Surveillance CRAB-SE 4 - - -

1874 Shovo Bazaz SME Initial Rating CRAB-ME 3 - - -

1875 Shovo Textile Mills SME Surveillance CRAB-SE 4 - - -

1876 Shovona Dey SME Initial Rating CRAB-SE 3 - - -

1877 Show Motion Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1878 Shreya Sinha Enterprise SME Initial Rating CRAB-SE 4 - - -

1879 Shurma Trading SME Surveillance CRAB-ME 4 - - -

1880 Shuvo Enterprise SME Initial Rating CRAB-SE 4 - - -

1881 Shuvro Enterprise SME Initial Rating CRAB-SE 4 - - -

1882 Siam Fruit Agency SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 46

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1883 Siam Saad Construction SME Initial Rating CRAB-SE 4 - - -

1884 Siba Textile Processing Ltd. SME Initial Rating CRAB-SE 4

1885 Siddeswari Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1886 Siddikia Traders SME Initial Rating CRAB-ME 3 - - -

1887 Siddique Ahmed Filling Station SME Surveillance CRAB-SE 3 - - -

1888 Sidique Trading (Shetu Bricks) SME Initial Rating CRAB-SE 4 - - -

1889 Signcom Digital Ltd. SME Initial Rating CRAB-SE 4 - - -

1890 Sikdar International SME Surveillance CRAB-SE 4 - - -

1891 Silkways Card & Printing Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1892 Silkways Tous & Travels Ltd. SME Surveillance CRAB-SE 4 - - -

1893 Silmoon Electrodes Ltd. Corporate Initial Rating - BBB3(Lr) - -

1894 Silver Cresent Hospital Ltd. SME Surveillance CRAB-SE 4 - - -

1895 Siraj Apparels (PVT) Ltd. SME Initial Rating CRAB-SE 4 - - -

1896 Sitalpur Auto Steel Mills Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable

1897 Sitalpur Steel Mills Ltd. Corporate Initial Rating BBB1 BBB1(Lr) ST-3 Stable

1898 Siyam Bahumukhi Khamar SME Surveillance CRAB-ME 4 - - -

1899 SK Enterprise SME Surveillance CRAB-SE 4 - - -

1900 Sk Maa Knitwear SME Initial Rating CRAB-SE 4 - - -

1901 SK Sadi Motso Prokolpo SME Initial Rating CRAB-SE 4 - - -

1902 Skyline Apparels Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1903 Skyline Garments Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1904 SM Bricks SME Surveillance CRAB-SE 4 - - -

1905 SMC Corporation SME Initial Rating CRAB-SE 4 - - -

1906 Smrity Bread & Biscuit Factory SME Initial Rating CRAB-SE 4 - - -

1907 Snigdha Enterprise SME Surveillance CRAB-SE 4 - - -

1908 Sobhan Ice & Clod Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1909 Sobuj Corner SME Surveillance CRAB-SE 4 - - -

1910 Society Aviation SME Surveillance CRAB-SE 4 - - -

1911 Soft Touch Bio Medics SME Surveillance CRAB-SE 4 - - -

1912 Sohel Traders SME Surveillance CRAB-SE 3 - - -

1913 Sohel Trading SME Initial Rating CRAB-SE 4 - - -

1914 Sohel Trading Corporation Ltd. Corporate Surveillance - A3(Lr) - -

1915 Solaman Steel Corporation SME Initial Rating CRAB-SE 4 - - -

1916 Solar Eye Ltd. SME Surveillance CRAB-SE 4 - - -

1917 Solid Feeds Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

1918 Sonali Agro Trading SME Initial Rating CRAB-SE 5 - - -

1919 Sonali Bricks SME Surveillance CRAB-SE 4 - - -

1920 Sonali Dredgers Ltd. Corporate Surveillance - BBB2(Lr) - -

1921 Sonali Ofset Printers SME Initial Rating CRAB-SE 3 - - -

1922 Sonali Paper & Board Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1923 Sonali Paribahan Sangstha SME Initial Rating CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 47

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1924 Sonapahar Filling Station SME Surveillance CRAB-ME 3 - - -

1925 Sonargaon Trade International SME Surveillance CRAB-SE 4 - - -

1926 Sonia Metal Industries SME Surveillance CRAB-SE 4 - - -

1927 Sonica Agri Foods Corporate Surveillance - BBB2(Lr) ST-3 -

1928 Sony Bricks & Co SME Surveillance CRAB-ME 3 - - -

1929 Sorwar Traders SME Initial Rating CRAB-SE 4 - - -

1930 South Eastern Tank Terminal Ltd. Corporate Surveillance - BBB3(Lr) - -

1931 Southern Clothings Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

1932 Southern Services Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

1933 SP Fabrics SME Surveillance CRAB-SE 3 - - -

1934 Speed Care Distribution Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

1935 Speedway Logistics SME Surveillance CRAB-SE 3 - - -

1936 Sports Bazar SME Surveillance CRAB-SE 3 - - -

1937 Srabon Fabrics SME Initial Rating CRAB-SE 3 - - -

1938 Srishti Shailee SME Initial Rating CRAB-SE 4 - - -

1939 SRP Sweaters Corporate Surveillance - - ST-3 -

1940 Standard Collection Manufacturing Co. Corporate Surveillance - BBB3(Lr) ST-3 -

1941 Standard Engineers Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 -

1942 Standard Group Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1943 Standard Stitches Ltd. Corporate Surveillance AA3 AA3(Lr) ST-2 Stable

1944 Standard Trade Centre SME Initial Rating CRAB-SE 3 - - -

1945 Star Adhesive Ltd. Corporate Surveillance - A2(Lr) ST-3 -

1946 Star Aluminium Industries Ltd. SME Surveillance CRAB-SE 4 - - -

1947 Star Foam Industries Ltd. SME Surveillance CRAB-SE 3 - - -

1948 Star Padding Industries Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

1949 Star Partical Board Mills Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

1950 Steel & Cement Corporation Corporate Surveillance - - ST-3 -

1951 Steel Core SME Surveillance CRAB-SE 4 - - -

1952 Steel Home SME Initial Rating CRAB-SE 3 - - -

1953 Sterling Designs Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1954 Stone Age SME Surveillance CRAB-SE 3 - - -

1955 STS Holdings Ltd. Corporate Surveillance AA3 AA3(Lr) ST-3 Stable

1956 Stylecraft Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

1957 Subir Traders SME Surveillance CRAB-SE 4 - - -

1958 Sufi Apparels Ltd. Corporate Initial Rating - BB1(Lr) ST-4 Stable

1959 Sufia Fabrics Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

1960 Sufia Food Industry Ltd. Corporate Surveillance BBB3(Pr) - - -

1961 Sufia Traders SME Surveillance CRAB-SE 4 - - -

1962 Sugandha Agro Fisheries SME Surveillance CRAB-SE 4 - - -

1963 Sugandha Bakery SME Surveillance CRAB-ME 3 - - -

1964 Sultan Motors Tailring SME Surveillance CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 48

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

1965 Sultana International (IBBL) SME Surveillance CRAB-SE 4 - - -

1966 Sultana Traders SME Initial Rating CRAB-SE 4 - - -

1967 Suma International Services SME Initial Rating CRAB-ME 3 - - -

1968 Sumaya Enterprise SME Surveillance CRAB-SE 3 - - -

1969 Sumaya Traders & Sumaya Fashion SME Initial Rating CRAB-SE 4 - - -

1970 Summit Alliance Port Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

1971 Sumon & Brothers SME Initial Rating CRAB-SE 4 - - -

1972 Sumon Steel & Wooden Furniture SME Surveillance CRAB-SE 4 - - -

1973 Sumon Traders SME Surveillance CRAB-SE 3 - - -

1974 Sunbeam Construction SME Surveillance CRAB-ME 3 - - -

1975 Sunbeams School Ltd. SME Initial Rating CRAB-ME 3 - - -

1976 Sundarban Industrial Complex Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1977 Sunflower Mastered Oil Mill SME Initial Rating CRAB-SE 4 - - -

1978 Sunipun Accessories SME Surveillance CRAB-SE 3 - - -

1979 Sunsui Industry SME Surveillance CRAB-SE 4 - - -

1980 Super Medical Hospital (Pvt.) Ltd. SME Initial Rating CRAB-ME 3 - - -

1981 Super Power Pharmaceuticals Ltd. SME Initial Rating CRAB-SE 4 - - -

1982 Super Shoe Corner SME Surveillance CRAB-SE 4 - - -

1983 Supreme Filling Station SME Initial Rating CRAB-SE 3 - - -

1984 Surjo Enterprise SME Initial Rating CRAB-SE 4 - - -

1985 Surma Enterprise SME Surveillance CRAB-ME 4 - - -

1986 Surovi Partical Gallery SME Surveillance CRAB-SE 3 - - -

1987 Suruj Rice Agency SME Surveillance CRAB-SE 3 - - -

1988 Suvastu Development Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

1989 Suvessa Electric Store SME Initial Rating CRAB-SE 3 - - -

1990 Swapan Enterprise SME Surveillance CRAB-ME 3 - - -

1991 Syed Imrul Sirajee SME Initial Rating CRAB-SE 4 - - -

1992 T A Traders SME Initial Rating CRAB-SE 3 - - -

1993 Taha Enterprise SME Initial Rating CRAB-SE 4 - - -

1994 Tahmeena Enterprise SME Initial Rating CRAB-ME 3 - - -

1995 Tahsin Enterprise SME Surveillance CRAB-SE 4 - - -

1996 Taimur Plastic Non Oven Fabrics SME Surveillance CRAB-SE 3 - - -

1997 Taj Concern SME Initial Rating CRAB-SE 3 - - -

1998 Taj International Ltd. SME Surveillance CRAB-SE 4 - - -

1999 Tajmahal Traders SME Surveillance CRAB-SE 3 - - -

2000 Tajmuk Packaging and Accessories Ltd. Corporate Initial Rating BBB3(Pr) - - -

2001 Tajriyan Food & Beverages (Pvt.) Ltd. SME Initial Rating CRAB-SE 3 - - -

2002 Takdir Dal Mill SME Initial Rating CRAB-SE 3 - - -

2003 Talha Tex Pro Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2004 Tallsman Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2005 Talukder Telecom SME Surveillance CRAB- SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 49

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

2006 Talukder Traders SME Initial Rating CRAB-SE 4 - - -

2007 Tangail Flour & Dall Mill SME Surveillance CRAB-SE 3 - - -

2008 Tania Agro Food Industries Corporate Surveillance - BBB3(Lr) ST-3 -

2009 Tanima Knit Composite Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2010 Tannima Enterprise SME Initial Rating CRAB-SE 4 - - -

2011 Tarasima Apparels Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

2012 Taratex (BD) Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

2013 Tasfa Marine & Hardware SME Initial Rating CRAB-SE 4 - - -

2014 Tasfia Yarn Trading SME Surveillance CRAB-SE 3 - - -

2015 Tasiron Automatic Rice Mill SME Surveillance CRAB-SE 4 - - -

2016 Taskin Traders SME Surveillance CRAB-SE 3 - - -

2017 Taslim Enterprise SME Surveillance CRAB-SE 4 - - -

2018 Taslim Enterprise SME Surveillance CRAB-SE 3 - - -

2019 Tasnim Traders SME Initial Rating CRAB-ME 4 - - -

2020 Tawakkal Enterprise (Pvt.) Ltd. SME Surveillance CRAB-SE 3 - - -

2021 Tawhid Traders SME Initial Rating CRAB-SE 4 - - -

2022 Tazrian Weaving Mills Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

2023 Techno HVAC System Ltd. Corporate Surveillance - BB1(Lr) ST-4 -

2024 Texcomm Exports Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

2025 Texmart Trading Co. Ltd. Corporate Surveillance - BBB2(Lr) - -

2026 Textile Horizon Corporate Surveillance - BBB2(Lr) ST-3 -

2027 Thakral Information System Pvt. Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2028 That's It Knit Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

2029 The Bismillah Marine Service Corporate Surveillance BBB3(Pr) - - -

2030 The Bismillah Marine Services Corporate Surveillance - - - -

2031 The Civil Engineers Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2032 The IBN Sina Pharmaceutical Industry Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

2033 The Immaculate (Pvt.) Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable

2034 The Immaculate Textiles Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable

2035 The New Lion Re-rolling Mills Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 -

2036 The Pipeline Engineers & Associates Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

2037 The Rose Dresses Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2038 Three Star Traders SME Surveillance CRAB-SE 3 - - -

2039 Tiger IT Bangladesh Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

2040 Tiles View SME Surveillance CRAB-SE 3 - - -

2041 Tilka Fashion SME Initial Rating CRAB-SE 4 - - -

2042 Tip Top Fashions Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2043 Tipti Bakery & Biscuit Factory SME Initial Rating CRAB-SE 4 - - -

2044 Tithi Textile Mills (Pvt) Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

2045 TNTS Enterprise Corporate Surveillance - BB2(Lr) - -

2046 Tofazzal Hossen SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 50

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

2047 Tofazzal-2 Cosmetic and Gift Shop SME Initial Rating CRAB-SE 4 - - -

2048 Tokai Power Products Limited Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

2049 Tokyo Enterprise SME Initial Rating CRAB-SE 3 - - -

2050 Tokyo Food SME Surveillance CRAB-ME 3 - - -

2051 Toma Concrete Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

2052 Toma Construction & Co. Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2053 Tongi Oil Mill & Company Corporate Surveillance - BBB1(Lr) - -

2054 Tonmoy Traders Corporate Surveillance - BBB3(Lr) ST-3 -

2055 Top Jeans Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

2056 Torque Fashions Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

2057 Toss Corporation Ltd. SME Initial Rating CRAB-SE 4 - - -

2058 Tower Inn International Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

2059 Toyab Steel Corporation SME Surveillance CRAB-SE 4 - - -

2060 Trade International SME Surveillance CRAB-ME 3 - - -

2061 Trade International Marketing Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

2062 Trade Logy Ltd. SME Initial Rating CRAB-SE 3 - - -

2063 Trade Port SME Surveillance CRAB-SE 4 - - -

2064 Trade Power International SME Initial Rating CRAB-SE 4 - - -

2065 Traders Syndicate SME Surveillance CRAB-SE 3 - - -

2066 Trisha Flour Mill SME Surveillance CRAB-SE 3 - - -

2067 Trisna Enterprise SME Surveillance CRAB-SE 3 - - -

2068 Trust Mart SME Surveillance CRAB-SE 3 - - -

2069 Tuha Enterprise SME Surveillance CRAB-SE 3 - - -

2070 Tuhin Siam Khaddo Vander SME Initial Rating CRAB-SE 3 - - -

2071 Tulip Enterprise Corporate Surveillance - - ST-3 -

2072 Tulip Steel Corporate Surveillance - BBB3(Lr) ST-3 -

2073 Tulshi Industries Corporate Surveillance - BBB3(Lr) ST-3 -

2074 Tusuka Apparels Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2075 Tusuka Denim Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2076 Tusuka Fashions Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

2077 Tusuka Jeans Ltd. Corporate Surveillance A2 A2(Lr) ST-3 Stable

2078 Tusuka Washing Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2079 TY Traders Corporate Surveillance - BBB3(Lr) - -

2080 U F M (BD) Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-4 Stable

2081 U I C SME Surveillance CRAB-SE 3 - - -

2082 Ultimate Fashions Ltd. Corporate Initial Rating - BBB3(Lr) ST-3 -

2083 Uni Gears Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2084 UNI Traders SME Surveillance CRAB-SE 3 - - -

2085 Unicom Textile Mills Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2086 Unifill Composite Dyeing Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

2087 Unifill Textile Mills Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 51

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

2088 Unimex Textile Mills Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

2089 Union BD Consumer Ltd. SME Surveillance CRAB-SE 3 - - -

2090 Unique Enterprise SME Surveillance CRAB-SE 4 - - -

2091 Unique Footwear Industries Corporate Surveillance - BBB2(Lr) ST-3 -

2092 Unique Standard Bricks Ltd. SME Initial Rating CRAB-SE 3 - - -

2093 Unison Design Ltd. Corporate Initial Rating - BB2(Lr) ST-4 -

2094 Unison Homoeo Laboratories SME Surveillance CRAB-ME 3 - - -

2095 United Apparels Industries Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Negative

2096 United Express SME Surveillance CRAB-SE 3 - - -

2097 United Traders Corporate Surveillance - AA3(Lr) ST-2 -

2098 United Trousers Ltd. Corporate Surveillance BB1 BB1(Lr) ST-4 Stable

2099 Unity Accessories (Pvt.) Ltd. SME Surveillance CRAB-ME 3 - - -

2100 Universal Engineering SME Surveillance CRAB-ME 4 - - -

2101 Universal Enterprise SME Surveillance CRAB-SE 3 - - -

2102 Universal Insulation Products Ltd. SME Surveillance CRAB-SE 3 - - -

2103 Universal Menswear Ltd. Corporate Surveillance A1 A1(Lr) ST-3 Stable

2104 Universal Textile Machinery & Parts Ltd. SME Initial Rating CRAB-SE 4 - - -

2105 Univet Limited Corporate Surveillance - - ST-3 -

2106 USA Agro and Auto Bricks Ltd. Corporate Initial Rating BBB3(Pr) - - -

2107 Uttara University Corporate Surveillance - BBB1(Lr) ST-1 -

2108 Uzzal Enterprise SME Surveillance CRAB-SE 3 - - -

2109 Uzzal Traders SME Initial Rating CRAB-SE 4 - - -

2110 Vai Vai Traders SME Initial Rating CRAB-SE 4 - - -

2111 Vandari Chaul Kol SME Initial Rating CRAB-SE 3 - - -

2112 Vandary Auto Rice Mill SME Initial Rating CRAB-SE 4 - - -

2113 Vastech Ltd. Corporate Surveillance - BB2(Lr) ST-4 -

2114 Venus Jewellers Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2115 Vertex Innovative Apparels Ltd. Corporate Surveillance - BBB2(Lr) ST-3 -

2116 Victor Breeders Ltd. SME Initial Rating CRAB-SE 4 - - -

2117 Victor Feeds Ltd. SME Initial Rating CRAB-SE 4 - - -

2118 Village Technologies Ltd. SME Initial Rating CRAB-SE 3 - - -

2119 VIP Store SME Surveillance CRAB-SE 3 - - -

2120 Virgo Fish & Agro Process Ltd. Corporate Surveillance BB2 BB2(Lr) ST-4 Stable

2121 Vitalac Dairy & Food Industries Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2122 Vivah Sharees SME Initial Rating CRAB-SE 4 - - -

2123 Viyellatex Ltd. Corporate Initial Rating AA1 - ST-2 Stable

2124 Voltex Battery Manufacturing Com. Ltd. SME Initial Rating CRAB-ME 3 - - -

2125 VOTT Oil Refineries Ltd. Corporate Surveillance AA1 AA1(Lr) ST-1 Stable

2126 W H Trims & Packaging Industries Ltd. Corporate Surveillance BBB3(Pr) - - -

2127 Wahidul Islam Enterprise SME Initial Rating CRAB-SE 4 - - -

2128 Wali Nahar Auto Rice Mill SME Initial Rating CRAB-SE 4 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 52

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

2129 Wasco Biscuit & Bread Factory Corporate Surveillance - BBB1(Lr) ST-3 -

2130 Washi Store SME Initial Rating CRAB-SE 4 - - -

2131 Wasi Knit Fiber SME Surveillance CRAB-SE 4 - - -

2132 Wasi Trade International SME Surveillance CRAB-ME 3 - - -

2133 Wasim Enterprise SME Surveillance CRAB-SE 3 - - -

2134 Water Tech Engineering SME Surveillance CRAB-SE 4 - - -

2135 Wear Mag Ltd. Corporate Surveillance AA2 AA2(Lr) ST-2 Stable

2136 Webable Bangladesh Ltd. Corporate Initial Rating A3 A3(Lr) ST-3 Stable

2137 Well Accessories Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2138 Well Designers Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2139 Well Dresses Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

2140 Well Fabrics Corporate Initial Rating - BBB3(Lr) ST-3 -

2141 Well Fashion Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

2142 Well Mart Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

2143 Well Step Shoes SME Surveillance CRAB-SE 4 - - -

2144 Well Trade Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

2145 Westecs Ltd. Corporate Surveillance BB3 BB3(Lr) ST-4 Stable

2146 Western Marine Services Ltd. Corporate Initial Rating - B1(Lr) ST-4 -

2147 William Agencies Corporate Surveillance - - ST-3 -

2148 Wilts Marketing Co. Ltd. Corporate Surveillance - BBB3(Lr) ST-3 -

2149 Win East Paper Trading SME Initial Rating CRAB-SE 3 - - -

2150 Wings BD Ltd. SME Initial Rating CRAB-SE 4 - - -

2151 Wintech Energy-Millennium Engineers (JV) SME Initial Rating CRAB-SE 5 - - -

2152 Wohab Traders & Zahid Biz Vander SME Surveillance CRAB-SE 3 - - -

2153 World Book Distribution Center Corporate Surveillance - BBB1(Lr) ST-3 -

2154 World Label Ltd. SME Initial Rating CRAB-SE 4 - - -

2155 X Ceramics Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2156 X Telecom Pvt. Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-3 Stable

2157 Xcel Infrastructure Limited Corporate Surveillance - - ST-4 -

2158 Yakub & Brothers SME Initial Rating CRAB-ME 3 - - -

2159 Yeakin Polymer Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

2160 Yeasin Electronics & Its sister concern Century Trade InternationalSME Surveillance CRAB-SE 3 - - -

2161 Youngones (Bangladesh) Ltd. Unit-II Corporate Surveillance - BBB2(Lr) ST-3 -

2162 Younus Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

2163 Younus Fine Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 -

2164 Younus Newsprint Mill Ltd. Corporate Surveillance - A1(Lr) ST-3 -

2165 Younus Offset Paper Mills Ltd. Corporate Surveillance - AA3(Lr) ST-2 -

2166 Younus Paper Mills Ltd. Corporate Surveillance - A1(Lr) ST-3 -

2167 Younus Specialized Cold Storage Ltd. Corporate Surveillance - A2(Lr) ST-3 -

2168 Younus Spinning Mills Ltd. Corporate Surveillance A3 A3(Lr) ST-3 Stable

2169 Yousuf & Sons SME Surveillance CRAB-SE 3 - - -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 53

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

2170 Yousuf Bricks SME Surveillance CRAB-SE 4 - - -

2171 Zahed Traders SME Initial Rating CRAB-SE 3 - - -

2172 Zahir Steel & Re-rollong Mills Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

2173 Zakir Enterprise Corporate Initial Rating - BBB3(Lr) ST-4 -

2174 Zakmars Fashion Ltd. Corporate Surveillance BBB2 BBB2(Lr) ST-3 Stable

2175 Zam Zam Rice Agency SME Initial Rating CRAB-ME 3 - - -

2176 Zaman Traders SME Surveillance CRAB-ME 3 - - -

2177 Zamir Enterprise SME Surveillance CRAB-SE 4 - - -

2178 Zara Zaman Technology SME Surveillance CRAB-SE 3 - - -

2179 Zareen Farms Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-3 Stable

2180 Zareen Plantation Ltd. Corporate Surveillance A3 A3(Lr) ST-2 Stable

2181 Zehas Enterprise SME Surveillance CRAB-SE 3 - - -

2182 Zeil Wears Ltd. Corporate Initial Rating BBB3 BBB3(Lr) ST-1,ST-4 Stable

2183 Zenith Spinning Ltd. Corporate Surveillance BBB3 BBB3(Lr) ST-4 Stable

2184 Zero Gravity Ventures Ltd. Corporate Initial Rating BBB2 BBB2(Lr) ST-3 Stable

2185 Zia Enterprise SME Surveillance CRAB-SE 3 - - -

2186 Zian Tex SME Surveillance CRAB-SE 4 - - -

2187 Zilani Trading Corporation Ltd. SME Initial Rating CRAB-ME 3 - - -

2188 Zillu Motors SME Surveillance CRAB-SE 3 - - -

2189 Ziska Pharmaceuticals Ltd. Corporate Surveillance BBB1 BBB1(Lr) ST-3 Stable

2190 ZK Foils Ltd. Corporate Initial Rating - BBB1(Lr) ST-3 -

2191 ZMM Corporation SME Surveillance CRAB-SE 3 - - -

2192 ZMS Steel SME Surveillance CRAB-SE 4 - - -

2193 Zohura Agriculture Industries & Auto Rice Mills (Pvt.) Ltd. Corporate Surveillance BBB1 - ST-3 Stable

2194 Zubair & Brothers SME Initial Rating CRAB-SE 3 - - -

2195 Zubair Vision Electronics SME Initial Rating CRAB-SE 5 - - -

2196 Zulfiquer Enterprise SME Surveillance CRAB-ME 3 - - -

2197 Zuma Enterprise Corporate Surveillance - BBB3(Lr) ST-4 -

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, Dr-Debenture Rating

* Short Term loans include both funded and non-funded limits.

*** Rating completed but unpublished, as client has not yet collected the report.

For any clarification please contact:

H S Sohrawardhi, Company SecretaryCell: 01713 032807, E-mail: [email protected]

Mohammed Tajul Islam, Chief Rating OfficerCell: 01713 002320, E-mail: [email protected]

Ehsanul Kabir, Head of RatingsCell: 01715 064775, E-mail: [email protected]

Sanjay Kanti Das, Deputy Manager, Rating Administration

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is earlier.

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 54

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Rating Update -September 2018 (Update up to 30 September 2018)

Sl No. Name of Client/Company Company/ Rating Type Entity Loan Ratings(Alphabetical order)

Firm TypeRating Long Term Short Term* Outlook

Cell: 01712-887456, E-mail: [email protected]

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 55

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

12-Dec-18

29-Jun-19

04-Mar-19

15-Nov-18

26-Dec-18

26-Sep-19

31-Mar-19

20-Dec-18

14-Dec-18

11-Dec-18

30-Sep-18

22-Feb-19

28-Dec-18

13-Sep-19

12-Sep-19

20-Dec-18

01-Oct-18

22-Nov-18

23-Dec-18

30-Mar-19

10-May-19

11-Oct-18

31-Dec-18

17-Dec-18

22-Nov-18

12-Dec-18

26-Dec-18

30-Jun-19

19-Jul-19

08-Feb-19

27-Oct-19

12-Dec-18

29-Jun-19

23-May-19

07-Mar-19

18-Oct-18

25-Oct-18

15-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 56

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

25-Jan-19

15-Aug-19

11-Oct-18

10-Jun-19

26-Jul-19

24-Feb-19

15-Dec-18

29-Jun-19

15-Nov-18

05-Sep-19

03-Jul-19

11-Sep-19

30-Sep-18

30-Jun-19

30-Jun-19

06-May-19

07-Dec-18

23-May-19

30-Jun-19

30-Jun-19

30-Jun-19

30-Jun-19

15-Feb-19

15-Feb-19

26-Mar-19

21-Mar-19

28-Feb-19

15-Nov-18

30-Dec-18

12-Sep-19

29-Jun-19

15-Feb-19

25-Jan-19

07-Feb-19

07-Mar-19

31-Aug-19

06-Jun-19

15-Dec-18

24-Jan-19

28-Feb-19

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 57

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

07-Jun-19

26-Apr-19

17-Jan-19

29-May-19

14-Feb-19

01-Aug-19

11-Apr-19

30-Jun-19

18-Jan-19

21-Mar-19

14-Dec-18

16-May-19

28-Dec-18

29-Mar-19

20-Dec-18

28-Mar-19

20-Dec-18

12-Sep-19

25-Jul-19

20-Jun-19

15-Dec-18

20-Jul-19

29-Jun-19

26-Apr-19

28-Mar-19

30-Sep-18

02-Aug-19

21-Mar-19

22-Nov-18

30-Nov-18

31-Dec-18

26-Dec-18

12-Dec-18

21-Mar-19

15-Dec-18

12-Dec-18

22-Nov-18

21-Mar-19

01-Aug-19

27-Jun-19

25-Jul-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 58

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Jun-19

31-Dec-18

23-Aug-19

08-May-19

05-Sep-19

12-Sep-19

23-Nov-18

28-Dec-18

11-Apr-19

30-Jun-19

29-Jun-19

08-Feb-19

29-Aug-19

30-Dec-18

29-Aug-19

08-Nov-18

26-Dec-18

04-Apr-19

14-Feb-19

15-Feb-19

10-Apr-19

29-May-19

14-Feb-19

26-Dec-18

30-Dec-18

30-Sep-18

31-Oct-18

31-Dec-18

31-Dec-18

30-Sep-18

30-Sep-18

30-Dec-18

25-Feb-19

31-Dec-18

31-Dec-18

30-Sep-18

30-Dec-18

31-Dec-18

30-Sep-18

31-Dec-18

30-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 59

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

31-Oct-18

31-Oct-18

30-Dec-18

11-Apr-19

01-Mar-19

08-May-19

15-Nov-18

30-Dec-18

24-Feb-19

19-Sep-19

04-Nov-18

03-Jun-19

15-Aug-19

28-Dec-18

20-Sep-19

05-Apr-19

12-Sep-19

15-Nov-18

31-Dec-18

31-Dec-18

31-Dec-18

31-Dec-18

27-Sep-19

23-Mar-19

30-Dec-18

11-Oct-18

11-Oct-18

12-Dec-18

29-Aug-19

26-Jan-19

29-Jun-19

31-Aug-19

24-Feb-19

31-Jan-19

29-Jun-19

30-Dec-18

31-Dec-18

31-Dec-18

31-Dec-18

30-Dec-18

30-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 60

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

14-Jun-19

31-Oct-18

31-Oct-18

10-Feb-19

10-Feb-19

18-Jul-19

12-Dec-18

28-Dec-18

19-Sep-19

08-Nov-18

04-Nov-18

18-Jul-19

30-Dec-18

25-Oct-18

14-Feb-19

30-Jun-19

18-Jul-19

27-Apr-19

29-Aug-19

31-Mar-19

25-Jan-19

27-Sep-19

31-May-19

14-Dec-18

14-Mar-19

10-May-19

08-Nov-18

29-May-19

23-Nov-18

21-Mar-19

08-Nov-18

26-Dec-18

31-Jan-19

21-Mar-19

30-Dec-18

23-Nov-18

30-Nov-18

17-Oct-18

08-May-19

02-Nov-18

28-Sep-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 61

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

23-Mar-19

29-May-19

23-May-19

30-Dec-18

08-May-19

15-Dec-18

24-Feb-19

07-Mar-19

25-Nov-18

03-Feb-19

23-Aug-19

28-Jun-19

11-Oct-18

29-Aug-19

24-Jan-19

14-Nov-19

08-May-19

30-Mar-19

05-Dec-18

30-Dec-18

29-Nov-18

19-Sep-19

26-Sep-19

11-Oct-18

30-Nov-18

22-Oct-18

03-Jun-19

25-Jan-19

15-Dec-18

16-May-19

04-Nov-18

24-Feb-19

16-Nov-18

17-Jan-19

03-Jun-19

16-Feb-19

14-Feb-19

20-Dec-18

24-Feb-19

14-Dec-18

16-May-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 62

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

01-Mar-19

17-Dec-18

22-Apr-19

28-Feb-19

29-Nov-18

29-Oct-18

29-Dec-18

23-Dec-18

04-Nov-18

31-Mar-19

24-Feb-19

18-Oct-18

25-Jan-19

24-Jan-19

27-Dec-18

14-Jun-19

18-Oct-18

18-Oct-18

05-Dec-18

06-Jun-19

31-Oct-18

31-Oct-18

31-Oct-18

30-Nov-18

31-Oct-18

31-Oct-18

29-Mar-19

30-Dec-18

15-Feb-19

23-Dec-18

02-Dec-19

30-Nov-18

30-Nov-18

30-Sep-18

08-Nov-18

30-Nov-18

30-Dec-18

25-Apr-19

30-Nov-18

31-Jan-19

30-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 63

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Jun-19

30-Dec-18

03-Nov-18

30-Nov-18

29-Dec-18

14-Dec-18

22-Mar-19

11-Jul-19

12-Dec-18

26-Dec-18

07-Mar-19

18-Jun-19

14-Dec-18

19-Aug-19

30-Dec-18

12-Dec-18

23-Nov-18

23-May-19

28-Feb-19

22-Nov-18

18-Jul-19

31-Dec-18

16-May-19

12-Dec-18

25-Jan-19

20-Dec-18

21-Mar-19

05-Sep-19

12-Dec-18

25-Jul-19

03-Jul-19

29-May-19

31-Dec-18

03-May-19

29-Jun-19

31-Jan-19

31-May-19

13-Sep-19

30-Mar-19

29-Aug-19

05-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 64

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

24-May-19

08-Nov-18

17-Jan-19

10-Jun-19

07-Mar-19

24-Jan-19

26-Jul-19

26-Jul-19

30-Dec-18

30-Apr-19

28-Nov-18

11-Oct-18

12-Dec-18

30-Dec-18

14-Mar-19

10-Jun-19

30-Dec-18

20-Sep-19

20-Sep-19

20-Sep-19

25-Oct-18

15-Nov-18

31-May-19

25-Nov-18

29-Aug-19

26-Sep-19

15-Dec-18

15-Dec-18

23-Dec-18

31-May-19

14-Mar-19

07-Jun-19

24-Sep-19

10-Jun-19

29-Mar-19

18-Oct-18

12-Dec-18

05-Mar-19

28-Feb-19

20-Jun-19

30-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 65

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

15-Dec-18

23-Dec-18

16-Nov-18

27-Dec-18

30-Nov-18

09-Aug-19

26-Sep-19

31-Mar-19

19-Aug-19

19-Aug-19

30-Dec-18

29-Sep-19

29-Dec-18

26-Dec-18

08-Nov-18

26-Dec-18

28-Nov-18

18-Oct-18

26-Dec-18

28-May-19

17-Jun-19

28-Dec-18

29-May-19

21-May-19

17-Dec-18

31-Dec-18

31-Dec-18

31-Dec-18

12-Dec-18

31-Dec-18

31-Dec-18

23-Dec-18

31-Jul-19

30-Jun-19

27-Feb-19

12-Apr-19

05-Jun-19

25-Jan-19

12-Sep-19

19-Apr-19

19-Oct-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 66

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

12-Dec-18

18-Jan-19

29-Dec-18

15-Nov-18

30-Sep-18

28-May-19

30-Jun-19

24-Jan-19

21-Oct-18

30-Apr-19

30-Apr-19

11-May-19

29-Jun-19

28-Mar-19

11-May-19

21-Jul-19

11-May-19

11-May-19

29-Jun-19

15-Jun-19

29-Dec-18

28-Mar-19

29-Dec-18

31-Mar-19

05-Jun-19

01-Mar-19

30-Jun-19

12-Sep-19

26-Dec-18

11-Jul-19

22-Mar-19

01-Feb-19

02-Dec-18

08-Aug-19

22-Apr-19

31-Dec-18

30-Aug-19

31-Dec-18

31-Oct-18

25-Oct-18

25-Oct-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 67

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

23-May-19

10-Jun-19

21-Mar-19

23-Dec-18

14-Dec-18

29-Jun-19

25-Oct-18

22-Mar-19

15-Sep-19

20-Dec-18

08-Mar-19

23-Dec-18

05-Nov-18

12-Sep-19

19-Sep-19

14-Jun-19

15-Dec-18

25-Oct-18

19-Sep-19

12-Dec-18

19-Sep-19

17-May-19

31-Jul-19

20-Dec-18

30-Dec-18

30-Nov-18

29-May-19

31-Dec-18

25-Apr-19

16-May-19

31-Dec-18

19-Aug-19

12-Dec-18

30-Dec-18

24-May-19

11-Apr-19

11-Apr-19

12-Apr-19

31-Dec-18

14-Dec-18

26-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 68

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Apr-19

14-Dec-18

25-Jul-19

19-Sep-19

31-Mar-19

16-May-19

16-May-19

30-Nov-18

31-Dec-18

16-May-19

16-May-19

08-Nov-18

27-Jun-19

16-May-19

24-Feb-19

12-Oct-18

31-Dec-18

11-Jul-19

30-Dec-18

16-May-19

04-Nov-18

31-Oct-18

30-Dec-18

26-Apr-19

17-Jan-19

31-Aug-19

29-Dec-18

15-Jun-19

31-Oct-18

31-Dec-18

31-Dec-18

31-Dec-18

31-Dec-18

31-Dec-18

30-Jun-19

30-Jun-19

30-Jun-19

30-Jun-19

25-Oct-18

30-Dec-18

29-Aug-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 69

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

12-Mar-19

30-Jun-19

30-Dec-18

15-Mar-19

30-Dec-18

15-Feb-19

30-Jul-19

30-Dec-18

30-Dec-18

30-Mar-19

17-Nov-18

27-Dec-18

15-Aug-19

04-Aug-19

20-Jun-19

29-Dec-18

30-Nov-18

18-Jul-19

26-Dec-18

26-Sep-19

30-Sep-18

07-Jun-19

10-Jun-19

31-Dec-18

15-Nov-18

17-Jan-19

08-Nov-18

23-May-19

21-Dec-18

18-Oct-18

07-Feb-19

15-Aug-19

31-Dec-18

31-Dec-18

01-Dec-18

14-Mar-19

13-Sep-19

10-Feb-19

28-Dec-18

19-Sep-19

17-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 70

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

11-Apr-19

30-Mar-19

15-Feb-19

14-Dec-18

25-Jul-19

15-Dec-18

11-Jul-19

01-Feb-19

21-Mar-19

30-Jun-19

07-Dec-18

14-Mar-19

28-Dec-18

07-Mar-19

18-Jul-19

29-Dec-18

08-Nov-18

30-Nov-18

15-Mar-19

30-Jun-19

30-Nov-18

28-Mar-19

15-Aug-19

30-Jun-19

07-Mar-19

09-Dec-18

27-Jul-19

04-Jan-19

26-Dec-18

14-Dec-18

08-May-19

20-Dec-18

04-May-19

29-Mar-19

05-Sep-19

31-Dec-18

03-Nov-18

30-Dec-18

19-Sep-19

28-Mar-19

30-Jun-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 71

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

08-May-19

12-Sep-19

12-Dec-18

14-Feb-19

15-Dec-18

28-Mar-19

31-Dec-18

12-Dec-18

30-Dec-18

07-May-19

25-Oct-18

05-Dec-18

30-Aug-19

29-Aug-19

27-Jun-19

30-Jun-19

31-Dec-18

18-Nov-18

12-Sep-19

19-Sep-19

17-Oct-18

17-Oct-18

17-Oct-18

17-Oct-18

17-Oct-18

17-Oct-18

17-Oct-18

15-Oct-18

24-Feb-19

20-Dec-18

21-Sep-19

30-Dec-18

06-Jun-19

02-Dec-18

30-Sep-18

31-Dec-18

29-Sep-19

30-Jun-19

30-Nov-18

30-Jun-19

30-Apr-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 72

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

05-Dec-18

10-Dec-18

27-Mar-19

29-Jun-19

30-Mar-19

31-Mar-19

21-Mar-19

25-Oct-18

24-Jan-19

20-Sep-19

20-Jun-19

29-Mar-19

24-Nov-18

25-Jul-19

20-Dec-18

14-Dec-18

22-Nov-18

17-May-19

10-May-19

08-May-19

25-Jul-19

21-Dec-18

18-Apr-19

29-Dec-18

29-May-19

21-Mar-19

24-Jan-19

08-May-19

26-Jun-19

31-Oct-18

24-Feb-19

20-Dec-18

26-Jun-19

29-Dec-18

26-Sep-19

28-Feb-19

30-Dec-18

12-Dec-18

29-Jun-19

07-Mar-19

25-Jul-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 73

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

18-Oct-18

16-May-19

05-Sep-19

11-Sep-19

13-Dec-18

30-Sep-18

31-Dec-18

02-Nov-18

30-Jun-19

12-Dec-18

31-Dec-18

11-Oct-18

24-Feb-19

30-Sep-18

26-Sep-19

26-Jul-19

11-Apr-19

07-Jun-19

07-Feb-19

27-Jun-19

07-Feb-19

07-Feb-19

31-Jan-19

18-Apr-19

30-Dec-18

16-May-19

20-Dec-18

29-May-19

30-Apr-19

06-Jun-19

26-Jul-19

24-Jan-19

18-Apr-19

31-Dec-18

18-Oct-18

30-Jun-19

14-Nov-18

22-Mar-19

29-Aug-19

25-Apr-19

10-May-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 74

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

05-Dec-18

29-Jun-19

11-Dec-18

30-Jun-19

20-Sep-19

15-Feb-19

19-Mar-19

03-Jun-19

19-Oct-18

15-Nov-18

02-Mar-19

14-Feb-19

06-Jun-19

18-Oct-18

11-Oct-18

16-May-19

28-Mar-19

15-Dec-18

11-Apr-19

15-Dec-18

18-Oct-18

10-May-19

30-Nov-18

02-Dec-18

29-May-19

31-Jan-19

21-Mar-19

15-Feb-19

15-Sep-19

11-Jul-19

26-Dec-18

30-Dec-18

17-May-19

21-Mar-19

20-May-19

17-Feb-19

15-Dec-18

11-Oct-18

25-Oct-18

30-Dec-18

15-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 75

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

15-May-19

15-Mar-19

26-Jun-19

28-Feb-19

18-Nov-18

08-May-19

18-Nov-18

28-Mar-19

14-Dec-18

30-Apr-19

14-Feb-19

14-Feb-19

30-Sep-18

30-Dec-18

30-Dec-18

30-Jun-19

12-Sep-19

25-Mar-19

31-Dec-18

31-Dec-18

31-Dec-18

20-Sep-19

22-Oct-18

22-Jun-19

30-Mar-19

16-Aug-19

11-Nov-18

08-Aug-19

15-Nov-18

08-Nov-18

30-Oct-18

17-Feb-19

29-Jun-19

30-Jun-19

30-Dec-18

30-Nov-18

14-Jun-19

12-Sep-19

29-Jun-19

20-Dec-18

29-Aug-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 76

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Nov-18

15-Dec-18

15-Dec-18

12-Dec-18

15-Dec-18

29-Mar-19

31-Mar-19

28-Mar-19

15-Mar-19

31-Jan-19

25-Jul-19

31-Dec-18

30-Jun-19

31-Dec-18

04-Nov-18

31-Dec-18

31-Dec-18

15-Dec-18

29-Aug-19

15-Jun-19

05-Sep-19

08-Mar-19

23-May-19

29-Mar-19

15-Dec-18

29-May-19

29-Aug-19

31-Dec-18

11-Oct-18

24-Feb-19

14-Feb-19

29-May-19

15-Apr-19

31-Oct-18

15-Apr-19

31-Oct-18

15-Aug-19

18-Jul-19

30-Jun-19

01-Mar-19

02-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 77

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Dec-18

26-Dec-18

28-Feb-19

18-Jul-19

31-Jan-19

11-Oct-18

15-Dec-18

25-Nov-18

17-Jan-19

19-Sep-19

30-Dec-18

31-May-19

12-Sep-19

29-Jun-19

30-Dec-18

24-Feb-19

11-Apr-19

19-Jul-19

17-May-19

24-Feb-19

08-May-19

18-Jun-19

15-Dec-18

10-Nov-18

28-Jun-19

07-Jan-19

11-Apr-19

11-Oct-18

07-Jun-19

07-Jun-19

30-Jul-19

05-Sep-19

11-Apr-19

15-Nov-18

31-Oct-18

31-Oct-18

30-Dec-18

07-Mar-19

11-Oct-18

24-Feb-19

25-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 78

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

15-Aug-19

17-Jan-19

18-Nov-18

07-Jun-19

30-Aug-19

11-Apr-19

14-Dec-18

30-Dec-18

29-Aug-19

30-Dec-18

01-Jun-19

23-May-19

01-Jun-19

28-Feb-19

30-Dec-18

31-Dec-18

15-Jun-19

30-Dec-18

01-Aug-19

08-Aug-19

07-Feb-19

30-Jun-19

26-Jul-19

26-Jul-19

11-Apr-19

29-Jun-19

09-Dec-18

29-May-19

19-Sep-19

30-Dec-18

02-Nov-18

29-Nov-18

26-Sep-19

22-Nov-18

26-Sep-19

08-May-19

19-Dec-18

30-Dec-18

18-Apr-19

20-May-19

14-Mar-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 79

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

15-Sep-19

14-Jun-19

29-Mar-19

14-Jun-19

26-Jul-19

24-Feb-19

24-Feb-19

14-Jun-19

11-Jul-19

30-Apr-19

19-Sep-19

30-Mar-19

30-Dec-18

06-Jun-19

30-Dec-18

12-Mar-19

08-Aug-19

30-Dec-18

12-Dec-18

21-Dec-18

21-Dec-18

28-Mar-19

01-Aug-19

30-Dec-18

11-Nov-18

29-Nov-18

28-Feb-19

30-Jun-19

11-May-19

06-Jun-19

30-Dec-18

05-Dec-18

19-Sep-19

25-Oct-18

18-Jul-19

04-Apr-19

13-Sep-19

28-Mar-19

30-Dec-18

28-Dec-18

28-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 80

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

25-Oct-18

05-Dec-18

06-Jun-19

09-Dec-18

29-Jun-19

07-Mar-19

02-Aug-19

17-Dec-18

26-Sep-19

18-Jul-19

31-Aug-19

30-Jun-19

26-Jul-19

14-May-19

30-Dec-18

05-Mar-19

23-May-19

12-Dec-18

23-May-19

30-Dec-18

29-Jun-19

21-Mar-19

21-Apr-19

26-Apr-19

12-Sep-19

20-Jun-19

09-Dec-18

12-Oct-18

30-Dec-18

27-Jun-19

12-Oct-18

12-Sep-19

19-Sep-19

19-Feb-19

03-Apr-19

08-May-19

29-Jun-19

28-Mar-19

04-Feb-19

25-Oct-18

12-Sep-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 81

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Nov-18

03-Jun-19

07-Feb-19

31-Dec-18

30-Dec-18

26-Sep-19

01-Feb-19

02-Dec-18

10-May-19

30-Sep-18

30-Jun-19

26-Jul-19

28-Mar-19

15-Dec-18

14-Feb-19

20-Dec-18

19-Sep-19

18-Oct-18

14-Dec-18

30-Mar-19

25-Nov-18

20-Nov-18

05-Sep-19

05-Oct-18

29-May-19

18-Apr-19

31-Oct-18

18-Apr-19

07-Jun-19

06-Jun-19

30-Oct-18

04-Apr-19

20-Oct-18

20-Oct-18

30-Nov-18

25-Apr-19

30-Dec-18

01-Aug-19

27-Jun-19

12-Sep-19

26-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 82

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

25-Apr-19

30-Jun-19

31-Jan-19

29-Jun-19

11-Apr-19

30-Sep-18

28-Feb-19

15-Dec-18

22-Nov-18

30-Dec-18

30-Dec-18

30-Mar-19

12-Sep-19

15-Jan-19

31-Dec-18

26-Sep-19

23-Nov-18

30-Jun-19

15-Nov-18

31-Dec-18

14-Feb-19

15-Feb-19

18-Apr-19

15-Aug-19

04-Apr-19

31-Jan-19

24-May-19

18-Oct-18

17-Jun-19

12-Sep-19

03-Jun-19

10-Jun-19

26-Sep-19

15-Nov-18

30-Jun-19

22-Nov-18

31-Jan-19

31-Dec-18

26-Feb-19

10-Jun-19

28-Mar-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 83

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

12-Dec-18

29-Aug-19

31-Jan-19

31-Dec-18

15-Aug-19

25-Jul-19

30-Dec-18

16-Nov-18

11-Jul-19

30-Jan-19

11-Jul-19

31-Jan-19

30-Dec-18

31-Dec-18

18-Jul-19

11-Nov-18

04-Apr-19

28-Dec-18

28-Feb-19

30-Sep-18

08-Jan-19

04-Nov-18

16-May-19

20-Dec-18

26-Sep-19

30-Jun-19

15-Aug-19

28-Feb-19

30-Jun-19

29-May-19

21-Mar-19

20-Dec-18

28-Feb-19

14-Jun-19

08-Nov-19

30-Nov-18

15-Feb-19

18-Oct-18

05-Sep-19

12-Dec-18

06-Jun-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 84

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

23-Dec-18

25-Jan-19

30-Dec-18

29-May-19

15-Dec-18

14-Jun-19

23-Aug-19

14-Dec-18

16-Nov-18

19-Apr-19

15-Dec-18

30-Dec-18

24-Feb-19

10-Jun-19

12-Sep-19

30-Dec-18

16-Nov-18

30-Jun-19

30-Jun-19

21-Mar-19

28-Mar-19

12-Dec-18

29-Mar-19

31-Mar-19

11-Apr-19

16-May-19

20-Jun-19

31-Jan-19

15-Feb-19

11-Apr-19

30-Dec-18

30-Dec-18

28-Dec-18

05-Sep-19

30-Dec-18

26-Dec-18

26-Dec-18

31-Mar-19

31-Mar-19

11-Dec-18

21-Mar-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 85

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

26-Sep-19

07-Mar-19

08-Mar-19

29-May-19

30-Dec-18

07-Feb-19

12-Oct-18

30-Dec-18

15-Mar-19

10-Jun-19

14-Mar-19

18-Jul-19

06-Jun-19

30-Jun-19

07-Mar-19

01-Jun-19

20-Sep-19

30-Nov-18

28-Mar-19

29-Jun-19

30-Mar-19

10-Jun-19

26-Dec-18

18-Apr-19

30-Dec-18

31-Dec-18

04-Apr-19

05-Dec-18

15-Apr-19

30-Nov-18

26-Dec-18

22-Nov-18

29-Jun-19

30-Dec-18

30-Dec-18

07-Mar-19

23-May-19

14-Mar-19

20-Dec-18

30-Mar-19

25-Jul-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 86

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Dec-18

15-Sep-19

11-May-19

21-Mar-19

18-Oct-18

29-Aug-19

30-Nov-18

19-Sep-19

06-May-19

15-Nov-18

25-Oct-18

27-Jun-19

01-Aug-19

27-Jun-19

26-Apr-19

15-Dec-18

26-Sep-19

28-Feb-19

25-Jul-19

29-May-19

23-Mar-19

30-Jun-19

31-May-19

07-Feb-19

24-Jan-19

31-Oct-18

31-Oct-18

29-Jun-19

20-Dec-18

04-May-19

28-Dec-18

24-Feb-19

07-Feb-19

19-Jul-19

30-Dec-18

12-Sep-19

20-May-19

30-Dec-18

31-Dec-18

31-May-19

31-Jan-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 87

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Dec-18

25-Apr-19

29-May-19

30-May-19

29-Jun-19

30-Nov-18

14-Feb-19

08-May-19

11-Mar-19

18-Apr-19

25-Oct-18

15-Feb-19

29-Mar-19

25-Oct-18

25-Oct-18

04-May-19

30-Dec-18

27-Jun-19

22-Oct-18

12-Dec-18

20-Dec-18

11-Oct-18

30-Jun-19

16-May-19

22-Nov-18

07-Mar-19

30-Dec-18

24-May-19

07-Dec-18

30-Dec-18

15-Feb-19

30-Dec-18

02-Aug-19

11-Aug-19

10-Nov-18

11-Apr-19

24-May-19

12-Dec-18

28-Mar-19

18-Apr-19

08-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 88

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

23-Mar-19

31-May-19

20-Dec-18

23-May-19

23-Nov-18

31-Dec-18

05-Dec-18

26-Dec-18

08-May-19

29-Mar-19

29-Jul-19

30-Dec-18

20-Jun-19

30-Jun-19

02-Dec-18

08-Dec-18

28-Jun-19

20-Jun-19

11-Oct-18

25-Oct-18

25-Jul-19

29-Jun-19

29-Jun-19

27-Jun-19

31-Aug-19

29-Jun-19

14-Mar-19

22-Nov-18

05-Dec-18

31-Aug-19

17-Jan-19

29-May-19

19-Dec-18

26-Apr-19

19-Dec-18

30-Jun-19

31-Jan-19

26-Sep-19

30-Jun-19

07-Mar-19

25-Jan-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 89

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Jun-19

17-May-19

16-May-19

30-Jun-19

16-May-19

16-Nov-18

20-Dec-18

01-Aug-19

03-Nov-18

08-Nov-18

22-Mar-19

15-Aug-19

28-Dec-18

28-Dec-18

15-Dec-18

25-Jan-19

20-Sep-19

18-Oct-18

31-Jan-19

11-Feb-19

23-May-19

05-Dec-18

11-Apr-19

31-Mar-19

29-Mar-19

27-Jun-19

17-Jun-19

30-Dec-18

30-Dec-18

30-Dec-18

31-Dec-18

30-Jun-19

30-Jun-19

30-Jun-19

28-Feb-19

11-Nov-18

19-Oct-18

22-Nov-18

17-Jan-19

29-Jun-19

01-Aug-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 90

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Jun-19

03-Jun-19

29-May-19

15-Aug-19

10-Feb-19

14-Dec-18

31-Oct-18

18-Jul-19

30-Aug-19

08-Nov-18

26-Dec-18

26-Dec-18

26-Dec-18

26-Dec-18

26-Dec-18

28-Mar-19

29-Sep-19

01-Aug-19

31-Mar-19

28-Feb-19

30-Jun-19

08-Dec-18

05-Dec-18

27-Apr-19

08-Aug-19

19-Aug-19

29-Oct-18

28-Dec-18

06-Jul-19

30-Jun-19

30-Jun-19

30-Dec-18

23-Nov-18

23-May-19

29-Dec-18

28-Mar-19

31-Mar-19

05-Dec-18

20-Dec-18

18-Apr-19

14-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 91

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

15-Apr-19

17-May-19

12-Apr-19

22-Nov-18

23-May-19

15-Dec-18

15-Dec-18

25-Apr-19

30-Dec-18

15-Sep-19

18-Oct-18

29-Jun-19

22-Nov-18

30-Nov-18

15-Mar-19

26-Dec-18

25-Oct-18

28-Mar-19

25-Oct-18

28-Mar-19

25-Oct-18

01-Aug-19

14-Jun-19

17-May-19

17-May-19

31-Oct-18

15-Dec-18

15-Nov-18

05-Dec-18

26-Dec-18

30-Dec-18

15-Mar-19

29-Dec-18

07-Dec-18

07-Dec-18

07-Dec-18

27-Jun-19

21-Apr-19

27-Jun-19

28-Dec-18

08-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 92

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

01-Feb-19

27-Jun-19

08-May-19

12-Sep-19

02-Nov-18

30-Dec-18

21-Mar-19

01-Jun-19

01-Jun-19

01-Jun-19

01-Jun-19

25-Oct-18

31-Jul-19

15-Nov-18

31-Mar-19

29-Nov-18

19-Sep-19

19-Sep-19

05-Jun-19

15-Dec-18

15-Dec-18

26-Dec-18

06-Jun-19

01-Mar-19

30-Jun-19

30-Jun-19

11-Oct-18

30-Jun-19

16-May-19

10-Jun-19

12-Sep-19

12-Dec-18

31-May-19

30-Dec-18

25-Oct-18

11-Oct-18

31-Mar-19

31-Mar-19

31-Mar-19

31-Mar-19

12-Sep-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 93

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

20-Apr-19

30-Nov-18

25-Jul-19

27-May-19

11-Apr-19

14-Jun-19

10-Feb-19

30-Dec-18

16-May-19

08-May-19

15-Dec-18

11-Oct-18

31-Oct-18

14-Mar-19

24-Jan-19

16-May-19

11-Apr-19

31-Jan-19

29-Dec-18

29-Dec-18

15-Dec-18

15-Jun-19

15-Dec-18

26-Sep-19

30-Nov-18

30-Nov-18

08-May-19

08-Nov-18

18-Apr-19

24-Jan-19

26-Jul-19

01-Aug-19

28-Mar-19

29-May-19

28-Mar-19

27-Jun-19

26-Sep-19

21-Mar-19

30-Nov-18

15-Dec-18

30-Sep-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 94

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Apr-19

15-Mar-19

15-Nov-18

15-Dec-18

11-Apr-19

20-Dec-18

14-Feb-19

27-Dec-18

15-Mar-19

22-Nov-18

31-Dec-18

26-Nov-18

14-Mar-19

30-Nov-18

08-Nov-18

01-Mar-19

31-May-19

30-Jun-19

27-Jun-19

26-Apr-19

21-Mar-19

15-Mar-19

23-May-19

04-Feb-19

05-Dec-18

28-Mar-19

30-Sep-18

28-Dec-18

04-Apr-19

22-Nov-18

14-Mar-19

29-Nov-18

30-Dec-18

15-Dec-18

18-Oct-18

12-Apr-19

20-Jun-19

29-May-19

31-May-19

14-Feb-19

15-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 95

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

31-Jan-19

07-Mar-19

07-Mar-19

04-Feb-19

13-Sep-19

28-Jul-19

01-Aug-19

07-Feb-19

05-Dec-18

31-May-19

17-Feb-19

31-Jan-19

30-Nov-18

08-May-19

30-Dec-18

25-Jul-19

30-Oct-18

18-Apr-19

15-Mar-19

17-Nov-18

31-May-19

31-Oct-18

30-Nov-18

04-Nov-18

04-Nov-18

30-Sep-18

30-Dec-18

20-Dec-18

28-Oct-18

16-May-19

04-Apr-19

15-Nov-18

29-Aug-19

30-Nov-18

31-Oct-18

30-Nov-18

14-Feb-19

14-Mar-19

08-May-19

29-Jun-19

15-Dec-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 96

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

31-Mar-19

20-Dec-18

20-Jul-19

30-Dec-18

30-Dec-18

27-Oct-18

31-Jan-19

04-Nov-18

29-Jun-19

28-Mar-19

16-May-19

30-Dec-18

29-Mar-19

05-Dec-18

29-Aug-19

15-Apr-19

15-Mar-19

27-May-19

07-Feb-19

01-Mar-19

30-Dec-18

18-Apr-19

22-Feb-19

28-Sep-19

28-Mar-19

11-Oct-18

01-Jun-19

07-Jun-19

30-Nov-18

17-Aug-19

01-Feb-19

28-Mar-19

30-Dec-18

24-Jan-19

30-Mar-19

25-Oct-18

14-Mar-19

29-May-19

31-Jan-19

21-Mar-19

28-Feb-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 97

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

11-Oct-18

20-Dec-18

29-Jun-19

31-Jan-19

30-Dec-18

03-Jun-19

01-Feb-19

26-Sep-19

10-Jun-19

25-Oct-18

28-Sep-19

17-May-19

05-Sep-19

29-Nov-18

27-Dec-18

13-Dec-18

29-Dec-18

15-Dec-18

22-Nov-18

05-Sep-19

26-Dec-18

28-Jun-19

28-Feb-19

11-Apr-19

29-Mar-19

05-Jun-19

05-May-19

04-May-19

24-Jan-19

30-Jun-19

16-May-19

20-Nov-18

30-Dec-18

30-Nov-18

26-Sep-19

20-Dec-18

31-Mar-19

26-Dec-18

26-Dec-18

26-Dec-18

25-Apr-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 98

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Aug-19

28-Feb-19

29-Jun-19

12-Dec-18

18-Apr-19

07-Dec-18

26-Sep-19

25-Jul-19

12-Dec-18

14-Feb-19

14-Feb-19

17-Jun-19

03-Jun-19

29-Jun-19

30-Dec-18

14-Feb-19

26-Jul-19

15-Dec-18

15-Jun-19

08-Nov-18

29-May-19

30-Nov-18

07-Jun-19

14-Jun-19

20-May-19

17-Jun-19

22-Nov-18

15-Aug-19

01-Feb-19

23-Nov-18

08-May-19

24-May-19

15-Mar-19

29-Jun-19

07-Nov-18

08-Nov-18

14-Dec-18

01-Feb-19

15-Dec-18

30-Sep-18

28-Feb-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 99

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Dec-18

17-Dec-18

20-Jun-19

23-May-19

26-Apr-19

28-Dec-18

31-Dec-18

29-May-19

15-Mar-19

23-May-19

28-Mar-19

29-Mar-19

26-Apr-19

20-Dec-18

17-May-19

16-Nov-18

28-Feb-19

28-Feb-19

12-Sep-19

14-Mar-19

27-Jan-19

10-Jun-19

20-Dec-18

02-Mar-19

30-Dec-18

22-Nov-18

19-Jul-19

03-Jun-19

30-Oct-18

29-Aug-19

29-Jun-19

31-Dec-18

23-May-19

30-Jun-19

22-Nov-18

13-Sep-19

26-Jul-19

07-Mar-19

29-Jun-19

30-Dec-18

15-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 100

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

21-Dec-18

30-Jun-19

18-Oct-18

17-Jan-19

14-Feb-19

31-May-19

31-May-19

31-May-19

21-Apr-19

28-Jun-19

30-Jun-19

30-Nov-18

23-May-19

14-Feb-19

03-Jun-19

04-Nov-18

23-May-19

30-Oct-18

30-Dec-18

31-Oct-18

25-Nov-18

10-Jun-19

16-May-19

29-Aug-19

02-Nov-18

24-Jan-19

26-Sep-19

29-Jun-19

01-Jun-19

29-Dec-18

15-Nov-18

11-May-19

25-Apr-19

17-Jan-19

21-Mar-19

27-Dec-18

24-Jan-19

30-Dec-18

26-Sep-19

10-Jun-19

29-Jun-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 101

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

07-Mar-19

08-May-19

30-Jun-19

24-Feb-19

28-Jun-19

17-Dec-18

20-Dec-18

30-Nov-18

26-Aug-19

26-Dec-18

05-Dec-18

15-Jun-19

16-May-19

25-Jan-19

25-Jan-19

29-Aug-19

20-Jun-19

16-May-19

14-Feb-19

30-Jun-19

30-Jun-19

30-Dec-18

07-Feb-19

18-Jul-19

29-Aug-19

30-Jun-19

31-Jan-19

10-May-19

29-Mar-19

20-Dec-18

28-Feb-19

07-Jun-19

30-Dec-18

31-Jan-19

31-Mar-19

12-Sep-19

25-Jan-19

28-Mar-19

14-Mar-19

31-Dec-18

12-Sep-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 102

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

14-Aug-19

26-Jul-19

11-Sep-19

30-Dec-18

26-Jul-19

30-Dec-18

30-Jun-19

28-Dec-18

28-Dec-18

01-Feb-19

01-Jun-19

10-Jun-19

23-Mar-19

15-Aug-19

26-Dec-18

15-Feb-19

05-Mar-19

29-Jun-19

20-Sep-19

30-Jun-19

29-Jun-19

30-Dec-18

30-Dec-18

13-Sep-19

14-Sep-19

30-Jun-19

06-Oct-18

26-Sep-19

01-Aug-19

30-Nov-18

26-Dec-18

31-Dec-18

30-Sep-18

29-Aug-19

19-Sep-19

27-Jun-19

01-Feb-19

23-Mar-19

05-Dec-18

23-May-19

01-Mar-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 103

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

08-Nov-18

27-Jun-19

26-Sep-19

20-Dec-18

25-Oct-18

26-Feb-19

25-Oct-18

06-Jul-19

01-Mar-19

30-Dec-18

27-Jun-19

31-Oct-18

28-Feb-19

01-Aug-19

05-Dec-18

28-Dec-18

14-Feb-19

07-Dec-18

18-Jul-19

14-Mar-19

30-Dec-18

29-Mar-19

16-Nov-18

23-May-19

20-Dec-18

26-Jul-19

06-Jun-19

26-Sep-19

21-Dec-18

19-Sep-19

14-Jun-19

01-Mar-19

10-Jun-19

19-Apr-19

27-Sep-19

31-Mar-19

18-Jul-19

01-Aug-19

29-Sep-19

15-Feb-19

22-Nov-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 104

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

07-Mar-19

03-May-19

07-Dec-18

31-Dec-18

10-Jun-19

18-Oct-18

06-Nov-18

23-May-19

14-Mar-19

25-Jan-19

06-Oct-18

10-May-19

21-Mar-19

08-Aug-19

11-Apr-19

15-Nov-18

31-Dec-18

30-Sep-18

13-Nov-18

09-Mar-19

15-Dec-18

30-Nov-18

30-Sep-18

30-Dec-18

15-May-19

20-Sep-19

05-Nov-18

30-Dec-18

30-Dec-18

06-Jun-19

08-Mar-19

31-Jan-19

29-Jun-19

31-Oct-18

14-Jun-19

08-Nov-18

30-Jun-19

24-Feb-19

30-Sep-18

30-Jun-19

11-Oct-18

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 105

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

18-Oct-18

11-Jul-19

25-Oct-18

05-Jun-19

08-Aug-19

31-Oct-18

18-Oct-18

05-Aug-19

15-Dec-18

30-Dec-18

08-Aug-19

23-Mar-19

30-Dec-18

11-Nov-18

30-Dec-18

29-Jun-19

30-Dec-18

28-Feb-19

29-Jun-19

19-Oct-18

20-Jun-19

08-Nov-18

26-Apr-19

22-Nov-18

30-Jun-19

30-Jun-19

20-Jun-19

22-Apr-19

22-Apr-19

22-Apr-19

22-Apr-19

22-Apr-19

24-May-19

05-Dec-18

20-Jun-19

28-Mar-19

30-Dec-18

12-Dec-18

11-Jun-19

29-Jun-19

18-Feb-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 106

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

30-Sep-18

15-Apr-19

01-Feb-19

30-Jun-19

30-Dec-18

31-Jan-19

09-Mar-19

19-Sep-19

30-Nov-18

28-Mar-19

18-Jan-19

20-Sep-19

01-Aug-19

01-Aug-19

07-Feb-19

14-Jan-19

24-Jan-19

10-May-19

28-Feb-19

17-Nov-18

24-Jan-19

21-Mar-19

26-Sep-19

01-Aug-19

20-Dec-18

23-Dec-18

30-Dec-18

30-Sep-18

11-Apr-19

11-Apr-19

11-Oct-18

29-Dec-18

10-Aug-19

28-Dec-18

06-Dec-18

30-Sep-19

29-Nov-18

31-Dec-18

30-Jun-19

19-Sep-19

23-May-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 107

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

15-Dec-18

28-Mar-19

23-Nov-18

15-Sep-19

26-Dec-18

14-Dec-18

16-May-19

18-Apr-19

29-Jun-19

19-Mar-19

15-Mar-19

29-Jun-19

26-Mar-19

13-Mar-19

10-May-19

15-Mar-19

25-Feb-19

29-Aug-19

11-May-19

10-May-19

08-Nov-18

23-May-19

07-Mar-19

23-Nov-18

28-May-19

20-Dec-18

30-Dec-18

30-Dec-18

11-Jul-19

25-Jul-19

30-Dec-18

03-May-19

31-Dec-18

30-Jun-19

31-Dec-18

30-Jun-19

31-Dec-18

30-Jun-19

30-Jun-19

31-Dec-18

23-Aug-19

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 108

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

29-Nov-18

01-Aug-19

05-Sep-19

18-Apr-19

29-Dec-18

30-Dec-18

31-Mar-19

30-Nov-18

26-Dec-18

08-Nov-18

15-Dec-18

17-May-19

05-Dec-18

30-Sep-18

24-Jan-19

18-Jul-19

09-Nov-18

19-Sep-19

03-Feb-19

31-Dec-18

08-Nov-18

24-Feb-19

03-May-19

09-Nov-18

24-Jan-19

14-Mar-19

14-Dec-18

30-Dec-18

** Entity ratings are valid till mentioned date; Loan ratings are valid up to limit expiry date of respective credit facilities or till mentioned date, whichever is

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 109

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Rating Update -September 2018 (Update up to 30 September 2018)

RatingValidity**

Lr-Loan rating, Pr-Project rating, SO-Structured Obligation, 110