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The Financial Express

Frst insurance company of Bangladesh

Green Delta secures AAA credit rating for 7 years

| Updated: November 11, 2020 20:46:51


Evaly and Fianancial Express Evaly and Fianancial Express
Green Delta secures AAA credit rating for 7 years

                                                                                                  

Green Delta Insurance Company has secured “AAA” credit rating for the 7th consecutive year in 2020 from Credit Rating Agency of Bangladesh (CRAB). Green Delta is the only and the first insurance company in Bangladesh to earn AAA rating for 7 years in a row.

 

The credit rating of aims to measure the financial strength of an organization based on assessment of few crucial factors including corporate governance, management practices, claim payment ability, compliance etc. AAA rating is the highest credit rating an organization can get for its financial strength, and therefore Green Delta securing AAA rating 7 years in a row as the only insurance company of Bangladesh reflects the strong corporate governance practices Green Delta employs to maintain such financial strength.

 

The MD & CEO of Green Delta Insurance Company, Ms. Farzanah Chowdhury said, “It’s indeed a notable addition to our crown of glorious achievements. We would like to thank all our valued clients for choosing us and trusting us with their business. We also want to express our gratitude to all the Shareholders, Board of Directors, Regulators, Policy Makers, Local and International Support Partners for their unimpeded support and cooperation.”

 

The AMD & Company Secretary, Mr. Syed Moinuddin Ahmed shared, “even though COVID-19 impacted all aspects of life, we at GDIC have maintained business as usual through massive digital transformation of our services and working format. GDIC securing “AAA” credit rating (long term) and ST-1 (short term) from Credit Rating Agency of Bangladesh (CRAB) is a recognition of our sustainable business footprint.”

 -rmc/

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