Emerging Credit Rating Limited (ECRL) has affirmed A- (Pronounced as Single A minus) long term credit rating and ST-2 short term credit rating to M.L. Dyeing Limited (from now on referred to as ‘MLDL’ or ‘The Company’). The outlook on the rating is Stable. The rating is based on audited financial statement FY2019 to FY2022, Q1 unaudited statement ended on September 30 of FY2022-2023, bank information and other qualitative information up to date relevant qualitative information.