Credit Rating Agency of Bangladesh Ltd. (''CRAB'') is the leading
credit rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting.
...
company in
Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...
.
CRAB is a technical partner of
ICRA Limited
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency. The company was established in 1991, and was originally named ''Investment Information and Credit Rating Agency of India Limited'' (I ...
, India. The company was promoted by some of the leading industrial and business personalities of the country as well as institutional investors.
CRAB is an external credit assessment institution accredited by
Bangladesh Bank
Bangladesh Bank ( bn, বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh.
The bank is active in developing green bankin ...
, the central bank of Bangladesh. This allows the company's ratings to be used by banks and financial institutions for capital adequacy reporting under
Basel 2
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. It is now extended and partially superseded by Basel III.
The Basel II Accord was publis ...
and
3.
It is also accredited with
Insurance Development & Regulatory Authority of Bangladesh for rating of insurance companies.
CRAB has by 2014 rated more than 4,000 entities and instruments. Over the years, CRAB has carried out rating assignments across a wide spectrum of industries, including, agro inputs, automotive, cement, cold storage, textile, garments, engineering, rice mill, food and allied, pharmaceuticals, telecom, steel, trading, banks, FIs, MFIs, insurances and utilities (power, oil & gas, and transportation). CRAB's extensive and in-depth sector specialisation ensures not only rating consistency but also quicker turnaround.
CRAB's highly specialized analyst teams servicing clients across the country and thereby ensuring comprehensive geographic coverage. CRAB's ratings are used extensively by all kinds of investors and lenders to assess risks associated with credit or investment decisions. Besides, CRAB's ratings and consultancy are also used as key inputs for strategic purposes by players in the corporate, public finance, financial, infrastructure and utilities, and structured finance sectors, among others.
References
The Hindu Business Line - April 10, 2004 - ICRA ties up with Bangladesh rating agency* [https://web.archive.org/web/20080206022912/http://www.thebangladeshtoday.com/archive/May%2007/27-05-2007.htm The Bangladesh Today, Vol. 02, issue 1674, Dhaka, Sunday, May 27, 2007 - Standard Bank inks deal with CRAB]
External links
*
Credit rating agencies
Financial services companies of Bangladesh
{{Bangladesh-stub