Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has affirmed BBB+ (Pronounced as Triple B Plus) long term credit rating and ST-3 short term credit rating to Legacy Furniture (Pvt.) Ltd. (from here on referred to as ‘LFPL’ or ‘the company’). The outlook of the ratings is Stable. The ratings are consistentRead more
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Emerging Credit Rating Limited (ECRL) has affirmed BBB+ (Pronounced as Triple B Plus) as long term credit rating and ST-2 short term credit rating to Thermax Yarn Dyeing Limited. The outlook on the rating is Stable. The rating is based on audited financial statement from FY 2019- FY 2022 (FYE: June) and other relevant qualitativeRead more
Emerging Credit Rating Limited (ECRL) has affirmed long term credit rating to A (Pronounced as “Single A”) and ST-2 short term credit rating to Edison Industries Limited. The outlook on the rating is Stable. The rating is based on the audited financial statements of FY2019-FY2022 along with other relevant qualitative and quantitative information till theRead more
Emerging Credit Rating Limited (ECRL) has downgraded to BBB- (Pronounced as Triple B Minus) long-term credit rating and ST-3 short term credit rating to FKN Textiles Limited. The outlook of the rating is Stable. The rating is based on the audited financial statements of FY2019 – 2022 and other qualitative information up to the ratingRead more
Emerging Credit Rating Limited (ECRL) has affirmed A (Pronounced as single A) long term credit rating and ST-2 short term credit rating to Bangla Trac Rental Services Limited (BTRSL). The outlook on the rating is Stable. The rating is based on audited financial statement of FY2019-FY2022 and other relevant qualitative and quantitative information up toRead more
Emerging Credit Rating Limited (ECRL) has affirmed A+ (Pronounced as ‘Single A Plus’) long term credit rating and ST-2 short term credit rating to Islamic Finance and Investment Limited based on audited financial statements up to December 31, 2022, other available quantitative and qualitative information up to the date of rating. The outlook on theRead more
Emerging Credit Rating Limited (hereinafter referred to as ECRL) has assigned long term credit rating BBB+ (pronounced as Triple B Plus) and ST-3 short-term credit rating to the Cotton Dyeing & Finishing Mills Limited (from hereinafter referred to as ‘CDFML’ or ‘The Company’). The outlook on the rating is Stable. The rating is based onRead more
Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has downgraded to A- (Pronounced as “Single A Minus”) long term credit rating and ST-3 short term credit rating to Akhtar Mattress Industries Limited (from here on referred to as ‘AMIL’). The outlook of the rating is Stable. The rating is based on auditedRead more
Emerging Credit Rating Limited (ECRL) has affirmed AA+IB (Pronounced as Double A Plus Islamic Bond) long term credit rating to Islami Bank Bangladesh PLC.’s (IBB) 2nd Mudaraba Redeemable Subordinated Bond (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”) issuance of BDT 7,000.00 million in face value. The outlook on theRead more
Emerging Credit Rating Limited (ECRL) has affirmed AA+IB (Pronounced as Double A Plus Islamic Bond) long term credit rating to Islami Bank Bangladesh PLC.’s (IBB) Mudaraba Redeemable Subordinated Bond (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”) issuance of BDT 5,000.00 million in face value. The outlook on the ratingRead more