Credit Rating Agency of Bangladesh Limited has upgraded Prime Bank鈥檚 long-term credit rating to AAA and reaffirms short-term rating to ST-1, said a press release.
CRAB also highlighted the bank鈥檚 strong operational efficiency, robust liquidity position and prudent risk management practices as key drivers of the upgrade.
According to the release, the AAA long-term rating signals Prime Bank鈥檚 strong capacity to meet financial commitments with minimal credit risk, bringing the bank to the highest rating possible. Meanwhile, the ST-1 short-term rating underscores the bank鈥檚 highest capacity for timely repayment of obligations, backed by excellent liquidity position, internal fund generation and outstanding access to alternative sources of funds.聽