Emerging Credit Rating Limited (hereafter referred to as ‘ECRL’) has affirmed AA+ (pronounced as Double A plus) long term credit rating and ST-1 short term credit rating to the Eastern Housing Limited (from hereinafter referred to as ‘EHL’ or “the company’). The outlook of the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. ECRL considered financial performance, scale of business, management experience, capacity to repay banks investment and prospect of the industry while assigning the rating. The rating is based on audited financial statements from FY2019 to FY2022 and other up to date relevant qualitative information