Credit Rating Agency of Bangladesh Ltd. (CRAB) was incorporated as a public limited company under the Registrar of Joint Stock Companies in August 2003 and received its certificate for commencement of business in November 2003. It has been granted licence by the Securities & Exchange Commission (SEC) of Bangladesh for operating as a credit rating company in February 2004. The formal launching of the company was held on 5 April 2004.
Ratings, usually expressed in symbols, are a simple and easily understood tool helping the investor to make judgments on investment decisions in different securities including debt and equity instruments on the basis of their underlying quality.
CRAB is equipped to offer specialised evaluation methodologies addressing exclusive and area specific requirements under the umbrella of Grading services.
The Advisory & Consultancy Services will offer wide ranging management advisory services which include strategic counselling, restructuring.