Business Desk :
Paramount Textile Limited has received an AA credit rating for the long term and ST-1 in the short term, based on its audited financials and other relevant information up to 30 June 2021.
The ratings, announced by Alpha Credit Rating Limited, signify a company’s strong capacity to repay stockholders and a good position in the stock market.
The ratings indicate a company’s financial excellence, health, franchise sustainability, and a first-class operating environment.
Earlier in 2020, the rating agency rated the company as AA in the long term and ST-1 in the short term.
The textile company was listed on the stock exchange in 2013. It raised Tk84 crore with a Tk18 premium against each share at Tk10 face value from the capital market with an initial public offering (IPO).
