Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has downgraded to A- (Pronounced as “Single A Minus”) long term credit rating and ST-3 short term credit rating to Akhtar Mattress Industries Limited (from here on referred to as ‘AMIL’). The outlook of the rating is Stable. The rating is based on audited financial statements from FY2018-2022 (FYE: June) bank information and other relevant information up to the date of rating.