Credit Rating Report on Sonali Bank Limited

As per Bangladesh Bank's mandatory requirement vide BPRD circular No. 06 dated 05 July,2006, credit rating of Sonali Bank Limited was done by the Credit Rating information and services Ltd. (CRISL) on the audited Balance Sheet as on 31-12-2010 and other releated information. The rating of the report is as under:

Credit Rating Report (Surveillance Rating) :
Surveillance Rating-2010 Long Term Short Term
Surveillance Rating as Government Support Entity Bank AAAST-1
Surveillance Rating as Commercial Bank A- ST-2
Outlook Stable
Date of RatingNovember 30,2011
CRISL's Definition of Rating
Rating Definition
AAA Triple-A (Highest Safety)

Banks rated in this category are adjusted to be of best quality, offer highest safety and have credit quality. Risk factors are negligible and risk free, nearest to risk free Government bonds and securities. Chnaging economis's circumstances are unlikely to have any serious impact on this category of banks.
ST-1

Highest certainty of timely payment. Short-term liquidity including internal fund generation is very strong and access to alternative sources of funds is outstanding, Safety is almost like risk free Government short-term obligations.
A- Single-A (Adequate Safety)

Banks rated in this category are adjusted to offer adequate safety for timely repayment of financial obligations. This level of rating indicates a corporate entity with an adequate credit profile. Risk factors are more variable and greater in periods of economic stress than those rated in the higher categories.
ST-2

Highest certainty of timely payment. Liquidity factors are and supported by good fundamental protection factors. Risk factors are very small.