BGIC achieves ‘AAA’ credit rating

Bangladesh General Insurance Company (BGIC) Ltd has achieved Triple-A ('AAA') credit rating in the long-term and 'ST-1' in the short term.

Argus Credit Rating Services Ltd has determined the credit rating for the insurer, said a press release. 

The rating was determined in light of the audited financial statements for the financial year that ended on December 31, 2022, the unaudited financial statements up to June 30, 2023 and other relevant information.

The insurer was listed as a non-life insurance company on the stock exchanges of Bangladesh in 1989.