Credit Rating

EXECUTIVE SUMMARY

SURVEILLANCE RATING

OF

INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED

Declaration Date

15.02.2023

13.01.2022

Long Term Entity Rating

A+ (Single A Plus)

AA (Double A)

Short Term Entity Rating

ST-2

ST-1

Outlook

Developing

Developing

Expiry Date

14.02.2024

10.02.2023

 

 

RATING BASIS

Ratings are based on last five years' Audited Financial Statements up to December 31, 2021 along with the other relevant Quantitative as well as Qualitative information provided by the Client up to the Date of Rating Declaration. NCR has followed Financial Institutions (Bank/NBFI) Rating Methodology as published on its website: www.ncrbd.com.

RATING DEFINITION

A+ (Single A Plus) rating in the long term indicates Very Good Credit Quality.

ST-2 rating in the short term indicates Above Average Ability to Meet Short-term financial commitments.

DEFINITION OF OUTLOOK

Developing indicates that the ratings may be raised, lowered or remain unchanged depending on changes in the performance indicators.