RACE Group’s ACRSL officially assigns AQSE-3 grade to Hamid Enterprise

ACRSL grants an AQSE-3 (ARGUS Quantitative Small Enterprise-3) credit rating to Hamid Enterprise (Nawabpur, Dhaka) 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.

Recognized by both the Bangladesh Securities Exchange Commission and Bangladesh Bank, ACRSL is a premier credit rating institution in Bangladesh. It rates a wide spectrum of financial entities and products, including SMEs, large corporations, microfinance providers, and structured securities. Its specialization in MSME ratings has set industry benchmarks. ACRSL has a rich legacy in delivering objective, data-driven insights to the financial ecosystem. The company is part of the RACE Financial Group founded by Dr. Hasan Imam, who also established RACE Asset Management.

Credit ratings by ACRSL are expert assessments of the credit risk associated with entities or securities. These evaluations consider a company’s financial stability, governance, and ability to repay debt. The firm also rates mutual funds by comparing performance against benchmarks. Using robust methodologies and forward-looking scenarios, ACRSL ensures ratings reflect real financial risk.