The only Credit Rating Agency for Small and Medium Enterprises (SMEs) licensed by Bangladesh Securities and Exchange Commission (BSEC) and approved by Bangladesh Bank

The Bangladesh Rating Agency Limited (BDRAL), a subsidiary of Dun & Bradstreet South Asia Middle East Ltd., is the pioneer in rating the SME sectors in Bangladesh. SMEs are the power house of the developing economy of Bangladesh and so to turn Bangladesh into a middle-income nation, the SME sector is the only alternative which can help the country to achieve the feat. The company is strengthened by Dun & Bradstreet South Asia & Middle East Limited (DBSAME) holding the majority shares along with seven renowned local banks and two non-bank financial institutions.

The company launched its SME ratings in Bangladesh following a successful pilot phase carried out in the year 2009 under the name Dun & Bradstreet Rating Agency Bangladesh Limited, which was later renamed. Having congruence with the mentioned pragmatic approach, BDRAL SME ratings aim to address the challenges faced by banks and other lending institutions in SME lending and took the initiative to assist the financiers to provide a comfort level for increasing the financing in the SME sector.

BDRAL team is equipped to perform in line with its commitments towards the growth of SMEs and all relates in Bangladesh. Moreover, SMERA Ratings Limited of India with whom we have a Technical Collaboration Agreement (TCA), is also a Dun & Bradstreet holding which has set forth a successful Ratings Model for the SMEs. SMERA’s performance has been the highlight as exemplary at the G20 Summit, while it continues to facilitate greater credit flow from the banking sector into MSMEs in India. BDRAL is equipped to replicate and has implemented a similar benchmark of success that is already in practice in India for rating SMEs in Bangladesh.

BDRAL rating framework considers a number of financial and non financial parameters of the enterprise and regulations and industry specific dynamics. We believe that the industry in which an SME operates has a direct bearing on the overall performance of the SME and therefore rates SMEs based on industry benchmarks. BDRAL Rating is a comprehensive assessment of the enterprise taking into consideration the overall financial and non financial performance of the subject company vis à vis the other peers in the industry in the same line of business and size criteria.

BDRAL strives for analytic excellence at all times, evaluate its rating criteria, methodologies and procedures on a regular basis, and modify or enhance them as necessary to respond to the needs of the Bangladesh’s markets. The company maintains a network of field analysts throughout the country to perform the contact point verification and data collection activities. This setup helps us to conduct surveys in specific areas or all over the country in an effective and efficient manner. We are capable of undertaking and delivering any Economic, Business and Investment related research. We realize that to do better business, we must have better insight!

Download our marketing brochure: BDRAL-Making SMEs Bankable

Our Regulators:

Bangladesh Securities and Exchange Commission

BDRAL is the first licensed (Registration No.: 08/2012) SME Credit Rating Agency in Bangladesh. It was granted the Credit Rating License by Bangladesh Securities and Exchange Commission (BSEC) in 2012 under rule 5 (3) of the Credit Rating Companies Rules, 1996.

Bangladesh Bank Central Bank of Bangladesh

BDRAL is recognized as an eligible External Credit Assessment Institution (ECAI) by Bangladesh Bank for Small and Medium Enterprises (SMEs) under Risk based Capital Adequacy Framework (BASEL II) in 2013. [Reference: BRPD Circular No. 12 : Mapping of External Credit Assessment Institutions’ (ECAIs) Rating scales with Bangladesh Bank (BB) Rating Grade.

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