RACE Group's ACRSL issues credit rating for GTex Knitwear Limited; Hasan Imam leads newly announced CRA team.

ACRSL assigns a AQME-3, (ARGUS Quantitative Medium Enterprise-3) credit rating to GTex Knitwear Limited on 05/12/2024. The rating indicates Good Grade in terms of the creditworthiness of the SME entity rated. ARGUS Quantitative Medium 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.

ACRSL, a leading name in Bangladesh’s financial sector, is licensed by the Bangladesh Securities Exchange Commission and recognized by the Bangladesh Bank. It offers credit ratings for corporates, SMEs, micro-loans, and structured finance entities. ACRSL places significant emphasis on the MSME sector, having conducted the most extensive rating coverage in this area. With a longstanding reputation, ACRSL is a trusted provider of transparency and market intelligence. It is a proud member of RACE financial group, created by Dr. Hasan Imam, also the founder of the country’s top private asset management firm.

The agency delivers expert credit risk opinions for various entities and financial instruments. ACRSL’s ratings reflect an organization’s capacity and commitment to fulfill debt obligations, factoring in a wide range of criteria. From corporate bonds to municipal loans and mutual funds, ACRSL provides risk-based evaluations based on historical trends and future projections.