Corporate Profile

CREDIT RATING AGENCY OF BANGLADESH LTD.

Credit Rating Agency of Bangladesh Ltd. (CRAB) is committed to providing the financial markets with reliable, timely and prospective credit opinions. Built on a foundation of standardized approach in credit rating incorporating international best practices and local dynamics, CRAB is recognized around the country and across all industrial sectors as a market leader in credit ratings and research.

Credit Rating Agency of Bangladesh Ltd. (CRAB) was established in 2003 at the initiative of some leading personalities in private sector and institutions of the country with the commitment to contribute to the development of the capital market by providing quality rating and comprehensive research services. CRAB was incorporated as a public limited company in 2003 and was granted license by the Bangladesh Securities & Exchange Commissions (BSEC) in 2004. Within short span of time, CRAB has established its reputation as a reliable source of independent opinion on risks based on systematic and standardized analysis done by professionals.

CRAB is a member of the Association of Credit Rating Agencies in Asia (ACRAA). ACRAA, established in 2001, is a federation of domestic rating agencies of the Asian Continent, formed with support and cooperation of the Asian Development Bank (ADB). ACRAA works to develop cooperation among credit rating agencies in Asia and promote best practices committee of ACRA and actively participates in all its activities (web: www.acraa.com). CRAB is also a founder member of Association of Credit Rating Agencies in Bangladesh (ACRAB).

ECAI Status Bangladesh Bank accredited CRAB as an External Credit Assessment Institution (ECAI) in April 2009. Under the standardized approach for calculating risk weighted assets against credit risk, the credit rating is to be determined on the basis of risk profile assessed by the ECAIs. Banks will use the ratings of the ECAIs and corresponding risk weight for calculating RWA for credit risk under the standardized approach. In 2013 CRAB’s SME rating was approved by Bangladesh Bank.  
Accreditation with IDRA CRAB received accreditation from Insurance Development and Regulatory Authority (IDRA) to conduct credit of Insurance Companies.

 CRABs Presence across different Sector:

INDUSTRYRATING
Textile
Spinning
Weaving
2275


Readymade Garments
Woven
Knit
Sweater
Dyeing & Printing
RMG Accessories
997





Jute
Jute & Jute Products
80

Infrastructure
Fuel & Power
Infrastructure
Container Port
120



Financial Sector
Bank
Financial Institution
Insurance
Merchant Bank & Brokerage
Micro Finance Institution
649





Telco & ICT
Telco
ICT
140


Food & Allied
Food & Allied
426

Trading
Trading
3334

Agri Business
Agro Inputs
Cold Storage
Rice Mill
Poultry & Fisheries
Feed Mills
877





Construction
Steel
Cement
Ceramics
Bricks
Real Estate
Construction & Contractor
736






Pharmaceuticals
Pharma
95

Others
Automotive
Chemicals
Electronics
Engineering
Healthcare & Hospitality
Printing & Packaging
Papers
Logistics & Transport
Shipbreaking
Printing & Packaging
Tourism & Hospitality
Footwear
Miscellaneous
982













Total10,711
  The credit rating process has at its apex a high powered rating Committee composed of personalities with impeccable integrity, judgment and standing. The Committee is entrusted with the responsibility for finalization of the Rating Report and fixation of the Rating Award to Client entities and/or instruments. This Committee works independently and is not answerable to Management / Board of Directors of CRAB.  

RATING PROCESS

  • Rating Request
  • Client Reference
  • Initial Meeting
  • Agreement
  • Analyst Assignment
  • Info Requirement
  • Visits & Meetings
  • Analysis
  • Draft Report
  • Client Feedback
  • Internal Review Rating Committee
  • Rating Assignment
  • Final Report
  • Annual Surveillance Rating Review

Board of Directors

SLName of Directors
1Chairman Mr. M. Syeduzzaman
Former Finance Minister Govt. of Bangladesh
2Vice Chairman Mr. Md. Matiul Islam
FCA Former Secretary of Finance Govt. of Bangladesh
3Mr. Syed Manzur Elahi
Chairman Apex Footwear Ltd. & Apex Tannery Ltd.
Former Advisor to the Caretaker Govt. of Bangladesh
4Mr. M. Anis Ud Dowla
Chairman, ACI Ltd.
5Mr. A.S.M. Quasem
Chairman, New Age Group
6Mr. Tapan Chowdhury
Managing Director, Square Pharmaceuticals Ltd.
Representing Astras Ltd.
7Mr. Raihan Rahman
Director, Groundstone Corporation Canada.  
8Mr. Noor A Alam Chowdhury
Chairman, Data Age Limited  
9Mr. Kaiser Islam
Managing Director Vikings Limited
10Mr. Mir Mahfuz Ur Rahman
Asian Tiger Capital Partners  
11Mr. Asif Saad Bin Shams
Deputy Managing Director & Chief Risk Officer IDLC Finance Limited  
12Mr. Mujibur Rahman Khan
General Manager, Subsidiary and Branch Affairs Division Investment Corporation of Bangladesh
13Mr. Sahil Humayun
Managing Director, Unicorn Equities Limited.
14.Mr. M. Zubair Wafa
Managing Director, Credit Rating Agency of Bangladesh Limited.