Walton secures ‘AAA’ credit rating for fifth consecutive year

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Business Desk :
Country’s electronics giant Walton Hi-Tech Industries Limited has achieved the long-term AAA credit ratings for the last financial year 2020, says a press release.
The capital market listed only Bangladeshi multinational electronics secured the highest credit rating for the fifth consecutive time.
The ‘AAA’ is the highest credit rating of an organisation which indicates the maximum ability of the financial institution to fulfill its financial commitments and the risk of business and financial transactions is minimal.
According to Dhaka Stock Exchange, this year Walton Hi-Tech Industries Limited achieved the long-term AAA and the short-term ST-1 credit ratings from Emerging Credit Rating Limited (ECRL).
ECRL has given this rating to the company after reviewing the financial statements of Walton Hi-Tech Industries Limited and other financial information from financial year 2019-20 until September 30, 2020 of the current financial year.
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