Emerging Credit Rating Limited (ECRL) has assigned to BBB (Pronounced as Triple B) as long-term credit rating and ST-3 as short-term credit rating to “Karnafully Foundation”. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of non-profit organization. ECRL considered objective of the organization, its policies in relation with the operating strategies, portfolio quality, operational efficiency and recoverability while assigning the rating. The rating is valid from August 09, 2026 to August 08, 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.