Emerging Credit Rating Limited (ECRL) has downgraded the long-term credit rating to A+ (Pronounced as ‘A plus’) and the short-term credit rating to ST-3 to NRBC Bank PLC. along with a Stable outlook with validity till June 21, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating.