Alpha Credit Rating
- Company typePrivate
- Founded2011
- HeadquartersDhaka, Bangladesh
- Headcount51–100
- GTM typeB2B
- OfferingServices
Alpha Credit Rating firmographics
Firmographics- Name
- Alpha Credit Rating
- Legal name
- Alpha Credit Rating Ltd.
- Website
- https://alpharating.com.bd
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Alpha Credit Rating industry classification
Industry- Product category
- Credit Rating Services
- NAICS
- Activities Related to Credit Intermediation (5223), Credit Intermediation and Related Activities (522)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Credit Research (FSACAGAB)
- akta.pro secondary industry
- Credit Repair & Credit Score Advisory (FSAEAFAD)
Keywords
Where Alpha Credit Rating is headquartered
LocationHeadquarters
- HQ city
- Dhaka
- HQ country
- Bangladesh
- HQ region
- Asia
Offices2 records
Markets served
Alpha Credit Rating business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Credit Rating Services - Corporate/Bank Exposure: Fees based on bank exposure (funded and non-funded) for corporate entities. Fee tiers range from Tk 15,000 for exposures up to Tk 30 lakhs to Tk 300,000 for exposures above Tk 200 crore.
- SME Rating Services: Fees based on bank exposure for SME entities, ranging from Tk 10,000 for exposures up to Tk 50 lakhs to Tk 70,000 for exposures above Tk 30 crore.
- Financial Institution & Insurance Rating: Fees for rating banks, NBFIs, and insurance companies. Ranges from Tk 200,000 to Tk 600,000 depending on entity type and size.
- Project Financing Rating: Fees for rating project finance based on project cost, ranging from Tk 60,000 for projects up to Tk 10 crore to Tk 400,000 for projects above Tk 400 crore.
- Bond/Structured Obligation Rating: Fees for rating bonds and structured finance instruments based on financing amount or amount outstanding, ranging from Tk 200,000 to Tk 400,000.
- IPO Entity Rating: Fees for rating entities seeking IPO based on raising amount, from Tk 200,000 to Tk 350,000.
- Advisory Services: Professional services including credit management consultancy, legal due diligence, specialized credit risk management, industry research, strategic counselling, credit management and restructuring solutions, and customized training in credit risk and corporate finance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Corporate Bank Exposure Rating |
| Unit Pricing | Pay-as-you-go | SME Bank Exposure Rating |
| Unit Pricing | Pay-as-you-go | Financial Institution Rating |
| Unit Pricing | Pay-as-you-go | Project Financing Rating |
| Unit Pricing | Pay-as-you-go | Bond/Structured Obligation Rating |
| Unit Pricing | Pay-as-you-go | NGO/MFI Rating |
| Unit Pricing | Pay-as-you-go | IPO Entity Rating |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Alpha Credit Rating product offering
Product offeringCore offering
Alpha Credit Rating Ltd. (AlphaRating) provides independent credit rating services and credit risk advisory services to entities in Bangladesh. Its core offering covers long-term and short-term credit ratings for corporates, banks and financial institutions, insurance companies, SMEs (using the proprietary ARSME scale), project finance, bonds and structured products, educational institutions, NGOs/MFIs, and sub-national entities, along with advisory services such as credit management consultancy, legal due diligence, industry research, strategic counselling, and customized training in credit risk and corporate finance.
Product overview
Alpha Credit Rating Ltd. (AlphaRating) offers a comprehensive suite of credit rating services designed to provide relative rankings relating to overall creditworthiness. The core product portfolio includes Credit Rating Services covering Corporate/Entity Rating for IPO candidates, Bank and Financial Institution Rating, Insurance Rating (Life and Non-Life), Bond and Structured Products Rating, Project Financing Rating, SME Rating (using the proprietary ARSME scale), Educational Institution Rating, and NGO/Microfinance Rating. The company also provides Advisory Services encompassing credit management consultancy, legal due diligence, specialized credit risk management, industry research, strategic counselling, and customized training programs. AlphaRating has developed sector-specific rating methodologies for Pharma, Real Estate, Feed Mill, RMG Industry, Cinema Hall, Airline, and Sub-National Entities. The company operates under technical partnership with TURKrating (Istanbul International Rating Services Inc) and holds regulatory accreditations from Bangladesh Securities & Exchange Commission, Bangladesh Bank, and Insurance Development Regulatory Authority.
Differentiator
Problem solved
Functional benefit
Products and services
- Credit Rating Services
Quantifiable outcome
- Ratings expected to remain valid until debt obligation is fully paid or withdrawn, subject to periodic review
Companies that use Alpha Credit Rating
Customer profileNamed customers8 records
Segments8 records
Ideal customer profiles7 records
Alpha Credit Rating technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Alpha Credit Rating partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- TURKrating (Istanbul International Rating Services Inc)coreTechnical collaboration with Istanbul International Rating Services Inc (TURKrating) providing wealth of experience working with national and international rating agencies, particularly in emerging markets. TURKrating serves as technical partner contributing methodologies and expertise to AlphaRating's rating processes.
- SATCOM IT LTD.minorOne of the founding partners that provided organizational assistance during AlphaRating's incorporation in February 2011.
- Axis Resources Ltd.minorOne of the founding partners that provided organizational assistance during AlphaRating's incorporation in February 2011.
- Equity Care Bangladesh Ltd.minorOne of the founding partners that provided organizational assistance during AlphaRating's incorporation in February 2011.
- TAN Equity and Investment Ltd.minorOne of the founding partners that provided organizational assistance during AlphaRating's incorporation in February 2011.
- Bangladesh Securities & Exchange Commission (BSEC)coreLicensed by Bangladesh Securities & Exchange Commission as a credit rating company. BSEC is the regulator of the capital market enacted through the Securities and Exchange Commission Act 1993.
- Bangladesh BankcoreAccredited by Bangladesh Bank as External Credit Assessment Institution (ECAI). According to Bangladesh Bank circular no. 06 through BRPD, every financial institution and NBFI must be rated by an ECAI.
- Insurance Development & Regulatory Authority (IDRA)coreAccredited by Insurance Development Regulatory Authority for rating insurance companies. Insurance companies are required to obtain ratings from IDRA-accredited agencies.
- Association of Credit Rating Agencies in Bangladesh (ACRAB)minorMember of Association of Credit Rating Agencies in Bangladesh (ACRAB) since April 2014. Industry body for credit rating agencies in Bangladesh.
Scale indicators3 records
Recent moves7 records
Expansion highlights3 records
Alpha Credit Rating competitors and assessment
Company assessmentDirect peers
- Credit Rating Information and Services Limited (CRISL): Bangladesh-licensed credit rating agency providing ratings for corporates, financial institutions, and structured products. Competes head-to-head with Alpha for the same pool of Bangladesh rating mandates.
- National Credit Rating Ltd (NCRL): Bangladesh-licensed CRA providing corporate, FI, and SME ratings under the same regulatory framework, competing with Alpha for ECAI and BSEC-mandated engagements.
- ARGUS Credit Rating Services Limited: Bangladeshi credit rating agency offering entity, FI, and structured product ratings, directly competing with Alpha in the same regulated Bangladesh rating market.
- Emerging Credit Rating Limited: Direct competitor in Bangladesh credit rating; notably, two of Alpha's current senior officers (Mainul Islam Chowdhury, Riyadh M. Hossain) previously held rating officer roles here.
- Credit Rating Agency of Bangladesh (CRAB): One of the oldest licensed credit rating agencies in Bangladesh offering ECAI ratings for banks, corporates, insurance, and bond issuers. Directly competes with Alpha on the same Bangladesh Bank/BSEC/IDRA mandated rating mandates.
Broad incumbents
- ICRA Limited: Indian credit rating agency providing bank, corporate, and structured product ratings across South Asia. Comparable as a regional incumbent that Alpha's eventual cross-border expansion or methodology ambitions would benchmark against.
- CRISIL Limited: India-headquartered, globally recognized credit rating and analytics firm. Sets the methodological benchmark for South Asian CRAs and is a comparable reference for the kind of scaled rating business Alpha is pursuing, though it operates at vastly larger scale.
Emerging players
- TURKrating (Istanbul International Rating Services Inc): Alpha's technical partner and an emerging-markets CRA itself; comparable in offering sovereign, corporate, and FI ratings but serves as a methodology/training partner to Alpha rather than a direct Bangladesh competitor.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Alpha Credit Rating social profiles
Digital presenceAlpha Credit Rating compliance and trust
Trust signalCompliance4 records
Alpha Credit Rating financial estimates
Financial estimateRevenue estimate
Valuation estimate
Alpha Credit Rating leadership team
Management profileNumber of profiles
Profiles2 records
Alpha Credit Rating funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Alpha Credit Rating M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Alpha Credit Rating
What does Alpha Credit Rating do?
Alpha Credit Rating Ltd. (AlphaRating) provides independent credit rating services and credit risk advisory services to entities in Bangladesh. Its core offering covers long-term and short-term credit ratings for corporates, banks and financial institutions, insurance companies, SMEs (using the proprietary ARSME scale), project finance, bonds and structured products, educational institutions, NGOs/MFIs, and sub-national entities, along with advisory services such as credit management consultancy, legal due diligence, industry research, strategic counselling, and customized training in credit risk and corporate finance.
Is Alpha Credit Rating a public or private company?
Alpha Credit Rating is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Alpha Credit Rating founded?
Alpha Credit Rating was founded in 2011. It employs 51 to 100 people.
Where is Alpha Credit Rating based?
Alpha Credit Rating is headquartered in Dhaka, Bangladesh, in the Asia region.
How does Alpha Credit Rating make money?
Seven revenue lines are on record. Credit Rating Services - Corporate/Bank Exposure is the primary driver. The others are SME Rating Services, financial Institution & Insurance Rating, project Financing Rating, bond/Structured Obligation Rating, IPO Entity Rating and advisory Services.
Who are Alpha Credit Rating's main competitors?
Direct peers on record are Credit Rating Information and Services Limited (CRISL), National Credit Rating Ltd (NCRL), ARGUS Credit Rating Services Limited, Emerging Credit Rating Limited and Credit Rating Agency of Bangladesh (CRAB). Broad incumbents are ICRA Limited and CRISIL Limited. TURKrating (Istanbul International Rating Services Inc) is listed as an emerging player.
Does Alpha Credit Rating have an API?
No public API is recorded for Alpha Credit Rating.
What industry is Alpha Credit Rating in?
Alpha Credit Rating's product category is Credit Rating Services. Its primary akta.pro industry code is FSACAGAB, Credit Research, with a secondary code of FSAEAFAD, Credit Repair & Credit Score Advisory. Its NAICS code is 5223 and its SIC code is 7320.