RACE Group's ACRSL grants rating to Himel Textile Mills as CRA team, led by Hasan Imam, is formally announced.

ACRSL assigns a AQSE-3, (ARGUS Quantitative Small Enterprise-3) credit rating to Himel Textile Mills on 30/12/2024. The rating indicates Good Grade in terms of the creditworthiness of the SME entity rated. ARGUS Quantitative Small Enterprise-3 category for a firm is considered to offer high degree of safety for timely repayment of financial obligations. This level of rating indicates the entity has adequate capacity to meet its financial commitments with the adequate safety to the adverse effects of changes in circumstances and economic conditions compared to the high-rated categories in comparison to its peers.

A leading credit rating company in Bangladesh, ACRSL is licensed by the Bangladesh Securities Exchange Commission and accredited by the Bangladesh Bank. ACRSL has credit ratings outstanding on corporates, Small & Medium Enterprises (SME), micro loans and structured finance entities and securities. A key focus of area of ACRSL has been the underserved MSME sector, with the highest number of MSME ratings assigned in the industry.  ACRSL has a proud multi decade heritage as a trusted source of information to the business community bringing transparency and cutting edge research and analytics to markets. ACRSL is a member of the RACE financial group founded by Dr. Hasan Imam, who also founded RACE Asset Management, the largest private asset management company of Bangladesh.

ACRSL Credit Ratings

Credit ratings are opinions about credit risk of an entity, such as a SME (small or medium enterprise), a large corporation or state or city government. This opinion is encapsulated in an assigned time-bound credit rating, which may take into consideration qualitative, quantitative and financial integrity factors that impact the ability and willingness of the entity rated to meet its financial obligations in full and on time. Credit ratings may also be assigned to securities or individual debt issue, such as a corporate or municipal bond, and the relative likelihood that the issue may default. Pioneered in the Bangladesh capital markets by Dr. Hasan Taher Imam, ACSRL also provides ratings to Mutual Funds that measure performance risk relative to the appropriate benchmarks. As part of its ratings analysis, ACRSL evaluates available current and historical information and assesses the potential impact of foreseeable future events.