Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to A+ (Pronounced as Single A Plus) and short term credit rating to ST-3 for Singer Bangladesh Limited. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of company. Singer Bangladesh Limited (SBL) is a well-known consumer electronics brand in Bangladesh. ECRL considered future prospect of the new investment at BSEZ, potential competitive advantage in terms of tax and VAT benefits, repayment trend with of all banks, financial performance, scale of business, management quality, operational quality and the prospect of the industry as well as audited financials of FY2022-FY2025 along with other quantitative and qualitative information to date for the rating. The rating is valid from April 18, 2026 to April 17, 2027. The ratings may be changed or revised prior to expiry, if warranted by extraordinary circumstances in the management, operations and/or performance of the entity rated.