Credit Rating is an informed, well-researched and thought out opinion on the likelihood of risk of default of a corporation which can fall under the label of a financial institution, an insurance company or a non-banking corporation. The assessment may be that of an organization’s risk of default on its financial obligations in general, or the likelihood of default on a particular loan or debt. It
can be seen as fulfilling the need for more information in the market by providing current and timely Rating based on a standardized scale, a response to the demand for more information by issuers and borrowers. According to current law, public offers of all debt instruments are required to have a Credit rating prior to being issued. This mandate includes bonds, debentures, commercial paper, structured finance and asset/mortgage backed securities. In addition, initial public offering of all banks and non-financial institutions require a credit assessment, along with public issues of shares at a premium. The competitive landscape of the Credit Rating industry consists of only two local companies. We believe there is a huge potential for growth in this industry and look forward to serving our clients and investors with the highest quality of risk assessment and Credit Rating services. Emerging Credit Rating Limited (hereinafter referred to as ECRL) was incorporated in March 2009, with the view to providing Credit Rating Services in Bangladesh. ECRL is committed to providing Bangladesh’s credit market with independent and prospective credit opinions, research and data. In addition to our core rating business, in the future we hope to branch out into providing research data and analytical tools for assessing credit risk, and publish market-leading credit opinions. The company has been built on a foundation of local market experience, which spans throughout the Corporate sector of the country. The company is headquartered in Dhaka, Bangladesh, with a view to expansion to other financial districts all over the nation. ECRL has established a technical collaboration with a Malaysian Rating Company known as Malaysian Rating Corporation Berhard (MARC), which is also affiliated with one of the top ranking Rating companies in the world “Fitch Ratings”. Under the technical agreement, ECRL shall adopt all the rating methodologies, definitions and symbols of MARC, who implements the standard global practices of its affiliate.
