Emerging Credit Rating Limited (ECRL) has assigned AAA (pronounced as “Triple A”) long-term credit rating and ST-1 short-term credit rating to City Sugar Industries Limited. The outlook on the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. City Sugar Industries Limited, a concern of City Group, is engaged in refining raw sugar and marketing it under the brand name “Teer.” The ratings are based on the audited financial statements for FY2021–FY2024, the eight-month audited financial statements of FY2025, and other relevant information available up to the date of the rating declaration.