Delta Hospital Limited Particulars Ratings Remarks Delta Hospital Limited A3 BDT 595.2 million Long Term Outstanding (LTO) A3 (Lr) BDT 50.0 million Overdraft Limit* A3 (Lr) Please see Appendix-1 for details BDT 17.5 million Short Term Funded & Non-Funded Limit ST-3 Outlook Stable Lr- Loan rating; ST-Short Term *Due to revolving nature CRAB considers Over Draft (OD) as long term facility (Refer Appendix-2 for Rating History) Date of Rating: 23 November 2017 Validity: The Entity rating & Long Term ratings are valid up to 23 December 2018 and the Short Term rating is valid up to limit expiry date of respective credit facilities or 23 December 2018 whichever is earlier. Rating Based on: Audited Financial Statements up to 30 June 2017, operational information up to 30 June 2017, Bank loan Liability position as of 31 October 2017 and other relevant quantitative & qualitative information up to the date of rating declaration. Auditor: Ahmed Zaker & Co. Methodology: CRAB’s Corporate Rating Methodology (www.crab.com.bd) occupancy rate and revenue generation from the services provided. Total revenue of the Company increased by 14.1% in 2017 following 14.5% in 2016 which along with sound profitability position and liquidity position support the assigned ratings.
Delta Hospital Limited Particulars Ratings Remarks Delta Hospital Limited A3 BDT 595.2 million Long Term Outstanding (LTO) A3 (Lr) Please see Appendix-1 for details BDT 50.0 million Overdraft Limit* A3 (Lr) BDT 17.5 million Short Term Funded & Non-Funded Limit ST-3 Outlook Stable Lr- Loan rating; ST-Short Term *Due to revolving nature CRAB considers Over Draft (OD) as long term facility (Refer Appendix-2 for Rating History) Date of Rating: 23 November 2017 Validity: The Entity rating & Long Term ratings are valid up to 23 December 2018 and the Short Term rating is valid up to limit expiry date of respective credit facilities or 23 December 2018 whichever is earlier. Rating Based on: Audited Financial Statements up to 30 June 2017, operational information up to 30 June 2017, Bank loan Liability position as of 31 October 2017 and other relevant quantitative & qualitative information up to the date of rating declaration. Auditor: Ahmed Zaker & Co. Methodology: CRAB’s Corporate Rating Methodology (www.crab.com.bd) occupancy rate and revenue generation from the services provided. Total revenue of the Company increased by 14.1% in 2017 following 14.5% in 2016 which along with sound profitability position and liquidity position support the assigned ratings.
Final-RHP_Delta_19.04.2018.docx