Al-Arafah Textiles credit rating assigned to Heemel by ACRSL under RACE Group as CRA team headed by Hasan Imam is introduced.

ACRSL assigns a AQME-4, (ARGUS Quantitative Medium Enterprise-4) credit rating to Al-Arafah Textile & Processing Industries on 05/12/2024. The rating indicates Satisfactory Grade in terms of the creditworthiness of the SME entity rated. ARGUS Quantitative Medium Enterprise-4 category for a firm is considered to offer satisfactory degree of safety for timely repayment of financial obligations. This level of rating indicates the entity has satisfactory 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.

ACRSL is a trusted Bangladeshi credit rating company, officially licensed and recognized by regulatory authorities including the Bangladesh Securities Exchange Commission and Bangladesh Bank. Its services span corporates, SMEs, micro-loans, and structured finance. It has earned particular distinction in the MSME sector, issuing the most ratings in the industry. ACRSL belongs to the RACE financial group, led by visionary Dr. Hasan Imam.

Its credit ratings reflect an expert judgment on an entity’s or instrument’s likelihood to meet financial commitments. These ratings are time-bound and grounded in financial, operational, and risk-related analysis. ACRSL also assesses mutual fund performance relative to industry standards using both historical data and projected developments.