Emerging Credit Rating Limited (ECRL) has assigned AA-B (Pronounced as Double A minus Bond) as Long Term Credit Rating to SAJIDA 2nd Zero-Coupon Bond of BDT 3,000 Million face value for SAJIDA Foundation (SAJIDA). The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of non-profit organization and bond rating. The rating is based on 30 June ending Audit Report 2023 and Annual Report 2022, 2021, as well as other qualitative and quantitative information up to the date of rating.