People's Leasing And Financial Services Limited

Credit Rating Report

Credit Rating Agency of Bangladesh Limited (CRAB) has assigned BBB2 (pronounced Triple B Two) rating in the long term and ST-3 rating in the short term to People’s Leasing And Financing Services Limited. CRAB performed the rating surveillance based on audited financial statement up to 31st December 2016 and other available information up to the date of rating. The outlook on the rating is Stable.

The rating reflects the Company’s strength in core business income. Rating also considers the strong capital base of PLFS. However, the rating is constrained by increased non performing loan and substantial exposure in capital market.

Previous Ratings

Date of Rating Long Term Short Term Outlook
03 November 2016 BBB2 ST-3 Stable
10 September 2015 BBB2 ST-3 Stable