Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as “Triple A”) long term credit rating and ST-1 short term credit rating to IPDC Finance Limited (From here on referred to as ‘IPDC’ or ‘the FI’) based on audited financial statements up to December 31, 2021, half yearly unaudited financial statements (Jan to June) of FY2022 and other available quantitative and qualitative information up to the date of rating. The outlook on the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of financial institutions. ECRL considered financial performance, capital base, asset composition, asset quality, liquidity management, earning trends, management experience and prospect of the industry while assigning the rating.
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