ACRSL, a part of the RACE Group, assigns rating to Adon Construction as CRA team headed by Hasan Imam is announced.

ACRSL assigns a BBB, (Plain Triple B) credit rating to Adon Construction and Dredging Limited on 12/12/2024. The rating indicates Moderate Safety in terms of the creditworthiness of the Corporate entity rated. This category for an institution is considered to offer moderate degree of safety for timely repayment of financial obligations. This level of rating indicates the entity has moderate capacity to meet its financial commitments with the moderate safety to the adverse effects of changes in circumstances and economic conditions compared to the high-rated categories in comparison to its peers.

Licensed by the Bangladesh Securities Exchange Commission and approved by Bangladesh Bank, ACRSL is a prominent credit rating agency in the country. It provides ratings across various sectors including corporate entities, SMEs, micro-loans, and structured finance. The firm has earned a reputation for its leadership in the MSME segment, issuing the highest number of ratings in this area. ACRSL is known for its longstanding role in offering research-based transparency to financial markets. It is part of the RACE financial group, led by Dr. Hasan Imam, the founder of RACE Asset Management.

Credit ratings issued by ACRSL evaluate the ability of organizations—ranging from businesses to governments—to meet financial obligations. These ratings incorporate both qualitative and quantitative analyses and are time-sensitive assessments of credit risk. ACRSL also assigns ratings to specific financial instruments and mutual funds, assessing performance risk and default probability. Their thorough approach combines current data, historical performance, and potential future scenarios.