RACE Group’s ACRSL awards AQSE-3 credit rating to Popy Enterprise

ACRSL grants an AQSE-3 (ARGUS Quantitative Small Enterprise-3) credit rating to Popy Enterprise on 05/12/2024. The rating indicates a Good Grade in terms of the creditworthiness of the SME entity rated. ARGUS Quantitative Small Enterprise-3 category for a firm is considered to offer a high degree of safety for timely repayment of financial obligations. This level of rating indicates the entity has adequate capacity to meet its financial commitments with adequate safety against adverse effects of changes in circumstances and economic conditions compared to higher-rated categories in comparison to its peers.

ACRSL, authorized by the Bangladesh Securities Exchange Commission and accredited by Bangladesh Bank, is a front-runner in credit rating services in Bangladesh. The firm offers ratings for companies, SMEs, microfinance entities, and structured financial products. It leads the industry in MSME ratings and is known for promoting transparency and financial literacy. As part of the RACE Financial Group—initiated by Dr. Hasan Imam, founder of RACE Asset Management—ACRSL carries a strong legacy.

The company issues time-bound credit assessments for organizations, evaluating their creditworthiness based on various internal and external factors. These include past performance, financial integrity, and future risks. It also assigns ratings to financial instruments like bonds and mutual funds, helping investors understand the associated credit risks.