Sonali Bank Limited

Head 0ffice, Dhaka

Central Accounts Division

Credit Rating Report on Sonali Bank Limited

As per Bangladesh Bank�s mandatory requirement vide BRPD 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 31-12-2011 and other related information. The rating of the report is as under.

Credit Rating Report( Serveillance Rating)

Surveillance Rating-2011	Long Term	Short Term
As Government Supported Entity	AAA	ST-1
As Private Commercial Bank	A-	ST-2
0utlook	Stable
Date of Rating	16 October, 2012

CRISL�s Definition of Rating :

Rating	Definition
AAA Triple-A ( Highest Safety)	Banks rated in this category are adjudged to be of best quality, offer highest safety and have highest credit quality. Risk factors are negligible and risk free, nearest to risk free Government bonds and securities.Changing economic circumstances are unlikely to have any serious impact on this category of banks.
ST-I	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 adjudged 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	High certainty of timely payment. Liquidity factors are strong and supported by good fundamental protection factors. Risk factors are very small.