IPDC keeps AAA rating for eighth straight year

IPDC Finance PLC has been awarded the highest ‘AAA’ credit rating by the Credit Rating Agency of Bangladesh Limited (CRAB).

The recognition reflects the non-bank financial institution’s strong financial foundation, adequate capital strength, superior asset quality, effective risk management practices, and consistent financial performance, according to a press release.

The ‘AAA’ rating represents the highest level of creditworthiness assigned to a financial institution, indicating an exceptional capacity to meet financial obligations even under adverse economic conditions.

The recognition reinforces the confidence of customers, investors, regulators, and other stakeholders in IPDC’s long-term stability, prudent governance, and sustainable growth strategy.

Commenting on the achievement, Rizwan Dawood Shams, managing director of the financial institution, said, “Retaining the highest ‘AAA’ credit rating for eight consecutive years reflects the strength of our financial foundation, disciplined governance, and the trust our stakeholders place in us.”

“We remain committed to sustainable growth and delivering long-term value to our customers, investors, and partners,” he added.

IPDC has maintained the highest ‘AA’ credit rating since 2018.

CRAB’s latest assessment reaffirms confidence in the institution’s financial stability, resilience, and long-term capacity to meet its obligations.

Over the years, IPDC Finance has played a significant role in advancing Bangladesh’s financial sector through innovative financial solutions, strong corporate governance, and responsible business operations.

The continued recognition with the highest credit rating serves as a testament to the institution’s commitment to financial excellence and long-term value creation.

IPDC Finance said it would continue to focus on innovation, customer-centric financial solutions, and sustainable business growth while maintaining the confidence and trust of all stakeholders, the release added.