August 30, 2023

CRISL has assigned “AA” rating in the Long Term and “ST-2” rating in the Short Term with ‘Stable Outlook’ to PHP Ship Breaking and Recycling Industries Limited with rating validity up to August 29, 2024. PHP Ship Breaking and Recycling Industries Limited got rated on WCLO of Tk. 1664.51 million from Mercantile Bank Ltd., HSBC Bank, Standard Chartered Bank