RAK Ceramics earns ‘AA+’ credit rating

The credit rating result of RAK Ceramics was revealed on the website of the Dhaka Stock Exchange (DSE) on Sunday.

Credit Rating Information and Services Limited (CRISL) has assigned the company as "AA+" in the long term and "ST-1" in the short term along with a stable outlook in consideration of its audited financials up to December 31, 2019, and unaudited financials up to September 30, 2020.

Other relevant quantitative as well as qualitative information up to the date of rating declaration was also considered in this regard.