Credit Rating Agency of Bangladesh Limited (CRAB) has upgraded the long term rating of IFIC Bank Limited to "AA3" (pronounced Double A three) and retained the short term rating at "ST-2". CRAB performed the rating based on audited financial statements up to 31st December 2010 and other relevant information as well as some operational updates of 2011.

Commercial Banks rated "AA3" have very strong capacity to meet their financial commitments. They differ from the highest-rated Commercial Banks only to a small degree. "AA3" is judged to be of very high quality and is subject to very low credit risk. Commercial Banks rated ST-2 are considered to have strong capacity for timely repayment. Commercial Banks rated ST-2 are characterized with commendable position in terms of liquidity, internal fund generation, and access to alternative sources of funds.