First security Islami Bank Limited has been rated by Emerging Credit Rating Ltd. (ECRL) on the basis of audited Financial Statements as on December 31, 2023 and other relevant information. The summery of Rating is presented below:
| Year | Short Term Rating | Long Term Rating |
|---|---|---|
| 2024 | ST-2 | A+ |
| 2023 | ST-2 | A+ |
| 2022 | ST-2 | A+ |
| 2021 | ST-2 | A+ |
| 2020 | ST-2 | A+ |
| 2019 | ST-2 | A+ |
| 2018 | ST-2 | A+ |
| 2017 | ST-2 | A+ |
| 2016 | ST-2 | A+ |
| 2015 | ECRL-2 | A+ |
| 2014 | ECRL-2 | A+ |
| 2013 | ECRL-2 | A+ |
| 2012 | ECRL-2 | A |
| 2011 | ECRL-3 | A |
| 2010 | ECRL-3 | A- |
| 2009 | ST-3 | BBB2 |
Commercial Banks rated ‘’A+’’ in the Long Term indicates strong capacity to meet financial commitments but is somewhat more susceptible to adverse developments in the economy, and to business and other external conditions than institutions in higher-rated categories. Some minor weaknesses may exist, but these are moderated by other positive factors.
An institution rated ’’ST-2’’ in the short term indicates strong capacity to meet its financial commitments in a timely manner. However, it is somewhat susceptible to adverse developments in the economy, and in business and other external conditions.
