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Emerging Credit Rating Limited (ECRL) began its journey in the year 2009 with the motive to deliver credible superior & quality credit rating opinion in various industry segments around Bangladesh. ECRL obtained credit rating license from Bangladesh Securities and Exchange Commission (BSEC) in June 2010 as per Credit Rating Companies Rules 1996 and also received Bangladesh Bank Recognition as an External Credit Assessment Institution (ECAI) in October 2010.  Read More>>

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Rating Reports

Rationale

25 Apr

ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Arfin Fashion. The rating is valid from April 25, 2026 to April 24, 2027.

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S Arfin Fashion. The outlook of the rating

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23 Apr

ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S G S Furniture. The rating is valid from April 23, 2026 to April 22, 2027.

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S G S Furniture. The outlook of the

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18 Apr

ECRL has downgraded long term credit rating to A+ and short term credit rating to ST-3 for Singer Bangladesh Limited along with a Stable outlook. The rating is valid from April 18, 2026 to April 17, 2027.

Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to A+ (Pronounced as Single A Plus) and

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News

01 Jan

Happy New Year 2026 Celebrated at ECRL

Emerging Credit Rating Ltd. (ECRL) joyfully celebrated the arrival of Happy New Year 2026 at its office premises in

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07 Oct

Update on Best Holdings PLC’s 2025 Credit Rating Assessment

In compliance with BSEC Credit Rating Companies Rules 2022, particularly rule 10.6.d.ii, Emerging Credit Rating Limited (ECRL) hereby notifies

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28 Sep

Ahsan Parvez, FCA Appointed as the New Chairman of Emerging Credit Rating Limited

At today’s meeting of the Board of Directors of Emerging Credit Rating Limited, Director Ahsan Parvez, FCA was elected

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Monthly Economic and Business Update

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  • Monthly Magazine April 2026

    Welcome to the latest issue of the ECRL Monthly Economic and Business Review, where we exploreRead more

  • Monthly Magazine October 2025

    As Bangladesh stands at the cusp of significant economic and social transformation, the resilience of ourRead more

  • Monthly Magazine September 2025

    In the wake of the historic July 2024 uprising, Bangladesh finds itself at a defining momentRead more

  • Monthly Magazine April 2025

    Against a backdrop of economic fragility and political reform, this April, ECRL Monthly Economic & BusinessRead more

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ECRL Blog Posts

  • The bottled water industry in Bangladesh

    Analysis / July 8, 2024

  • The Handicraft Industry in Bangladesh

    Analysis / July 7, 2024

  • The aviation industry in Bangladesh

    Analysis / July 7, 2024

  • The shipbuilding industry in Bangladesh

    Analysis / July 7, 2024

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Copyright 2015 Emerging Credit Rating Ltd. | All Rights Reserved
  • Home
  • About ECRL
    • Our Vision, Mission & Goal
    • Committee
      • Rating Committee
      • Risk Management Committee
    • Regulators and Affiliations
    • Code of Conduct
      • ECRL
      • ACRAA
      • IOSCO
    • Mile Stone
    • Corporate Profile
    • Fee Structure
    • FAQ
      • Rating Benefits
      • Detailed FAQ
  • The Team
    • Management Team
    • Rating Team
    • Business Development Team
  • Rating
    • Rating Service
    • Rating Process
    • Rating Methodology
    • Rating Symbol
    • Rating Reports
    • Rationale
    • Transition Matrix
    • Default Studies
    • Rating Discontinue List
    • Disclosure as per BSEC
    • Unsolicited Rating Policy
  • Research
    • Research Team
    • Services
    • Data Bank
      • Primary Survey Data
      • Secondary Data
        • Bangladesh
        • International
    • Publications
      • Industry Analysis
      • ECRL Quarterly
      • Working Paper
      • Publication by Researchers
    • Projects
      • Ongoing
      • Accomplished
    • ECRL Thought
    • Blog
  • Media Center
    • Downloads
    • News & Events
  • Monthly Magazine
  • Career
    • Research Analyst
Emerging Credit Rating Ltd