Green Delta has become the first insurance company in Bangladesh this year to hold onto a AAA credit rating for seven years.
The award of Credit Rating Agency of Bangladesh aims to measure the financial strength of an organization based on a few factors, including corporate governance, management practices, claim payment ability, and compliance.
Also, AAA rating is the highest credit rating an organization can get for its financial strength.
Green Delta Insurance Company MD and CEO Farzanah Chowdhury said, “It’s indeed a notable addition to our crown of glorious achievements.”
“Even though Covid-19 impacted all aspects of life, we have maintained business as usual through a massive digital transformation of services and working format,” Green Delta AMD and Company Secretary Syed Moinuddin Ahmed said.
“Green Delta securing AAA credit rating (long term) and ST-1 (short term) from CRAB) is a recognition of our sustainable business footprint,” Moinuddin added in a press release issued on Wednesday.
Source: United News of Bangladesh