ACRAB

Association of Credit Rating Agencies of Bangladesh (commonly named as ACRAB) is a professional platform to represent all the Rating Agencies in Bangladesh. The main objective to form ACRAB is:

  • Building relationship among the member agencies to create strong compliance culture and remove unhealthy competition
  • Ensuring quality rating quality culture  
  • Formulating best practice guideline for the credit rating agencies in Bangladesh
  • Strong follow up on the business behavior of the members
  • Maintaining liaison with the  regulators
  • Representing the Industry in various forums
  • Related  research
  • Overall Business Development of the Industry
  • Monitoring of   the business of the members

  • Other ancillary activities.

More specifically ACRAB will take up the following specific works:

  1. Monitoring the entire rating business of the industry;
  2. Maintaining liaison with the Regulators and market participants in a visible manner;
  3. Allowing the members to develop the methodology and rating issues as an individual rating agency;
  4. Setting and monitoring a common fee structure for various types of rating

The ACRAB Board may review the requirement from time to time.