IPDC Finance PLC has retained the highest AAA credit rating for the eighth consecutive year, underscoring the non-bank financial institution’s financial strength, asset quality and ability to meet obligations, the company said in a press statement on Monday.
Credit Rating Agency of Bangladesh Limited, or CRAB, awarded the rating to IPDC, one of the leading institutions in Bangladesh’s financial services sector. The Dhaka-based company said the recognition reflected its strong financial foundation, adequate capital strength, superior asset quality, effective risk management practices and consistent financial performance.
IPDC has maintained the highest AAA credit rating continuously since 2018. CRAB’s latest assessment reaffirmed confidence in the company’s financial stability, resilience and long-term capacity to meet its obligations.
The AAA rating represents the highest level of creditworthiness assigned to a financial institution. It indicates an exceptional capacity to meet financial obligations, even under adverse economic conditions.
The recognition reinforces the confidence of customers, investors, regulators and other stakeholders in IPDC’s long-term stability, prudent governance and sustainable growth strategy, according to the statement.
“Retaining the highest AAA credit rating for eight consecutive years reflects the strength of our financial foundation, disciplined governance, and the trust our stakeholders place in us,” said managing director of IPDC Finance PLC Rizwan Dawood Shams.
IPDC Finance said it would continue to focus on innovation, customer-centric financial solutions and sustainable business growth while maintaining the confidence and trust of all stakeholders.
