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Home Articles posted by ecrl-admin

ECRL has upgraded the long term credit rating to A- (Pronounced as ‘Single A Minus’) and short term credit rating to ST-2 with a Stable outlook to Panama Composite Textile Mills Limited. The rating is valid from September 22, 2026 to September 21, 2027.

By ecrl-admin | Rationale | 0 comment | 22 September, 2026 | 0

Emerging Credit Rating Limited has upgraded the long term credit rating to A- (Pronounced as ‘Single A Minus’) and ST-2 short term credit rating to Panama Composite Textile Mills Limited. The outlook of the rating is Stable. The ratings are consistent with ECRL’s rating methodology for this type of business. Panama Composite Textile Mills LimitedRead more

ECRL has assigned ESME-3 credit rating with a Stable outlook to M/S Liza Enterprise. The rating is valid from September 20, 2026 to September 19, 2027.

By ecrl-admin | Rationale | 0 comment | 20 September, 2026 | 0

Emerging Credit Rating Limited (ECRL) has assigned ESME-3 credit rating to M/S Liza Enterprise. The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of business. ECRL considered financial strength, scale of business, proprietor’s experience and prospect of the industry while assigning the rating. The rating is basedRead more

ECRL has assigned ESME-4 credit rating with a Stable outlook to Sheikh Jalal Tours And Travels. The rating is valid from September 17, 2026 to September 16, 2027.

By ecrl-admin | Rationale | 0 comment | 17 September, 2026 | 0

Emerging Credit Rating Limited (ECRL) has assigned ESME-4 credit rating to Sheikh Jalal Tours And Travels. The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of business. ECRL considered financial strength, scale of business, management experience and prospect of the industry while assigning the rating. The ratingRead more

ECRL has assigned BBB+ (Pronounced as “Triple B Plus”) long term credit rating and ST-3 short term credit rating with a Stable outlook to IPCO Developments (Bangladesh) Limited. The rating is valid from September 15, 2026 to September 14, 2027.

By ecrl-admin | Rationale | 0 comment | 15 September, 2026 | 0

Emerging Credit Rating Limited has assigned BBB+ (Pronounced as “Triple B Plus”) long term credit rating and ST-3 short term credit rating to IPCO Developments (Bangladesh) Limited. The outlook on the rating is Stable. The rating is consistent with ECRL’s rating methodology for this type of company. IDBL is a private limited company with theRead more

ECRL has assigned BBB (pronounced as Triple B) long term credit rating and ST-3 short term credit rating with a Stable outlook to Quazi Crop Solution Ltd. The rating is valid from September 14, 2026 to September 13, 2027.

By ecrl-admin | Rationale | 0 comment | 14 September, 2026 | 0

Emerging Credit Rating Limited has assigned BBB (pronounced as Triple B) long term credit rating and ST-3 short term credit rating to Quazi Crop Solution Ltd. The outlook of the rating is Stable. The ratings are consistent with ECRL’s rating methodology for this type of business. Quazi Crop Solution Ltd. is a pesticide manufacturing companyRead more

ECRL has downgraded ESME-4 credit rating with a Stable outlook to M/S Boishakhi Electronics. The rating is valid from September 11, 2026 to September 10, 2027.

By ecrl-admin | Rationale | 0 comment | 11 September, 2026 | 0

Emerging Credit Rating Limited (ECRL) has downgraded ESME-4 credit rating to M/S Boishakhi Electronics. The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of business. ECRL considered financial strength, scale of business, proprietor’s experience and prospect of the industry while assigning the rating. The rating is basedRead more

ECRL has assigned BBB- (Pronounced as triple B minus) long-term credit rating and ST-3 short-term credit rating with a Stable outlook to FINTRA. Securities Limited. The rating is valid from September 08, 2026 to September 07, 2027.

By ecrl-admin | Rationale | 0 comment | 8 September, 2026 | 0

Emerging Credit Rating Limited has assigned BBB- (Pronounced as triple B minus) as long-term credit rating and ST-3 as short-term credit rating to FINTRA. Securities Limited. The outlook of the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. ECRL has considered financial performance, scale of business, management experienceRead more

ECRL has downgraded ESME-4 credit rating with a Stable outlook to “Victory Footwear Industry Ltd.”. The rating is valid from September 02, 2026 to September 01, 2027.

By ecrl-admin | Rationale | 0 comment | 2 September, 2026 | 0

Emerging Credit Rating Limited (ECRL) has downgraded ESME-4 credit rating to “Victory Footwear Industry Ltd.”. The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of business. ECRL considered financial strength, scale of business, managing director’s experience, and prospects of the industry while assigning the rating. The ratingRead more

ECRL has affirmed A- (pronounced as A minus) long term credit rating and ST-3 short term credit rating with a Stable outlook to Thermax Yarn Dyed Fabrics Limited. The rating is valid from August 26, 2026 to August 25, 2027.

By ecrl-admin | Rationale | 0 comment | 26 August, 2026 | 0

Emerging Credit Rating Limited has affirmed A- (pronounced as A minus) long term credit rating and ST-3 short term credit rating to Thermax Yarn Dyed Fabrics Limited. The outlook on the rating is Stable. The ratings are consistent with ECRL’s rating methodology for this type of company. TYDFL is actively engaged in manufacturing dyed fabricsRead more

Monthly Magazine July 2026

By ecrl-admin | Monthly Magazine | 0 comment | 25 August, 2026 | 0

As Bangladesh accelerates its transition toward a more technology-driven economy, Artificial Intelligence is emerging as a transformative force shaping businesses, industries, and economic competitiveness. Moving beyond individual experimentation with generative AI, organizations are increasingly exploring how AI can improve productivity, decision-making, customer engagement, risk management, and operational efficiency. In this issue of the ECRL MonthlyRead more

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  • Home
  • About ECRL
    • Our Vision, Mission & Goal
    • Board of Directors
    • Committee
      • Rating Committee
      • Risk Management Committee
    • Regulators and Affiliations
    • Code of Conduct
      • ECRL
      • ACRAA
      • IOSCO
    • Mile Stone
    • Fee Structure
    • FAQ
      • Rating Benefits
      • Detailed FAQ
  • The Team
    • Management Team
    • Rating Team
    • Business Development Team
  • Rating
    • Rating Service
    • Rating Process
    • Rating Methodology
    • Rating Symbol
    • Rating Reports
    • Rationale
    • Transition Matrix
    • Default Studies
    • Rating Discontinue List
    • Disclosure as per BSEC
    • Unsolicited Rating Policy
  • Research
    • Services
    • Data Bank
      • Primary Survey Data
      • Secondary Data
        • Bangladesh
        • International
    • Publications
      • Industry Analysis
      • ECRL Quarterly
      • Working Paper
      • Publication by Researchers
    • Projects
      • Ongoing
      • Accomplished
    • ECRL Thought
    • Blog
  • Media Center
    • Downloads
    • News & Events
  • Monthly Magazine
  • Career
    • Business Development Senior Manager/Manager
    • Assistant Vice President
    • Recovery Officer
    • Department Head- Research & Consultancy
    • Senior Officer- Content & Communication
    • Research Analyst
Emerging Credit Rating Ltd