Sakib KnitFiber rated by ACRSL (RACE Group); CRA team led by Hasan Imam officially presented.

ACRSL assigns a AQME-4, (ARGUS Quantitative Medium Enterprise-4) credit rating to Sakib Knit Fiber on 31/10/2024. 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.

With licenses from both the Bangladesh Securities Exchange Commission and Bangladesh Bank, ACRSL is a pioneer in credit rating services in Bangladesh. It serves corporates, SMEs, microfinance providers, and complex financial products. Its unmatched focus on the MSME segment has made it an industry leader. ACRSL is also part of the RACE financial group, founded by Dr. Hasan Imam.

Credit ratings from ACRSL represent an in-depth review of an entity's ability to meet debt obligations. These ratings cover not just institutions, but also specific securities and mutual funds. The agency considers historical data, current performance, and future expectations to deliver reliable ratings.