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
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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
Emerging Credit Rating Limited (ECRL) has affirmed A+B (Pronounced as ‘Single A Plus Bond’) long term credit rating to Dhaka Bank Perpetual Bond issuance of BDT 2,000.00 million in face value. The outlook on the rating is Stable.Read more
Emerging Credit Rating Limited (ECRL) has assigned A- (Pronounced as Single A Minus) long term credit rating and ST-2 short term credit rating to Quality Livestock Limited. The outlook of the rating is Stable. The rating is based on the project profile, and projected financial statements, other quantitative and qualitative information up to the dateRead more
Emerging Credit Rating Limited (hereinafter referred to as ECRL) has affirmed the long term rating AA+ (Pronounced as Double A Plus) and short term rating ST-1 for United Hospital Limited. The outlook of the rating is Stable. The ratings are based on the audited financial statement from FY2019 to 2022, management information as well asRead more
Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has upgraded long term credit rating to A+ (pronounced as single A plus) and affirmed ST-2 short term credit rating to Sparrow Apparels Limited. The outlook on the rating is Stable. The rating is based on the audited financial statements of Sparrow Apparels Limited from 2019-2022 andRead more
Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has downgraded to BBB- (Pronounced as Triple B minus) long term rating and ST-3 short term rating to Sunshine Logistics Ltd. The outlook on the rating is stable. The ratings are based on the projected financial statement, audited report of FY2021-22 and relevant qualitative and quantitative informationRead more
Emerging Credit Rating Limited (ECRL) has assigned BBB- (Pronounced as Triple B Minus) long term credit rating and ST-3 short term rating to Elham Auto Rice Mill Ltd. The outlook of the rating is stable. The rating is based on the unaudited financial statement from FY 2021-FY2022 (June ending), along with projected financial statements andRead more
Emerging Credit Rating Limited (ECRL) has affirmed A- (Pronounced as single A minus) long term credit rating and ST-3 short term credit rating to S. S. Steel Limited. The outlook on the rating is Stable. The rating is based on the audited financial statements of FY2019-2022 and 6-month unaudited financial statement of 2023 as wellRead more