Alpha Credit Rating Limited (AlphaRating) has assigned A (Pronounced as single A) long term credit rating and ST-2 short term credit rating to the Meridian Finance & Investment Ltd based on audited financial statements of 2019 and other available information up to the date of rating. The outlook on the rating is Stable. The ratings are consistent with AlphaRating’s methodology for this type of financial institutions. AlphaRating considered business sector characteristics and outlook, competitive position of the enterprise, operational activities, demand growth, entry barrier, market position, financial performance, and quality of financial reports, relationship with different stakeholders and business experience while assigning the rating.
|Date of Declaration||Valid Till||Rating Action||Long Term Rating||Short Term Rating||Outlook|
|June 24, 2020||June 23, 2021||Surveillance||A||ST-2||Stable|
|April 21, 2019||April 20, 2020||Surveillance||A+||ST-2||Stable|
|May 24, 2018||May 23, 2019||Surveillance||A||ST-2||Stable|
|June 15, 2017||June 14, 2018||Initial||A||ST-2||Stable|