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Emerging Credit Rating Limited (hereinafter referred to as ‘ECRL’) has affirmed “A+” (pronounced as single A plus) long term rating and ST-2 short term rating to Labib Dyeing Mills Limited. The outlook of the rating is Stable. The rating is based on the audited financial statements of FY2019-22 in addition to other relevant qualitative andRead more

Emerging Credit Rating Limited (ECRL) has assigned ST-3 short term credit rating to Sheikh Cement Mills Limited (from here on referred to as “SCML” or “the company”). ECRL has also assigned the equivalent long term credit rating of BBB (Pronounced as Triple B). The outlook on the rating is Stable. The rating is based onRead more

Emerging Credit Rating Limited (ECRL) has upgraded long term credit rating to AA+ (Pronounced as ‘Double A Plus’) and affirmed ST-2 as short term credit rating to Shahjalal Islami Bank Limited (hereinafter referred to as ‘SJIBL’ or ‘The Bank’) based on audited financials of FY2019-2022 and other available information up to the date of ratingRead more

Emerging Credit Rating Limited (ECRL) has affirmed BBB (Pronounced as Triple B) long term credit rating and ST -3 short term credit rating for Anowar Tours & Travels Limited. The outlook of the rating is Stable. The rating is based on audited financial statements of FY2019-2022, qualitative and quantitative information up to the date ofRead more

Emerging Credit Rating Limited (from here on it will be mentioned as “ECRL”) has affirmed A (Pronounced as single A) as long term credit rating and affirmed ST-2 as short term credit rating to Green Delta Securities Limited. The outlook of the rating is Stable. The rating is based on the audited financial statements fromRead more

Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has assigned BBB (pronounced as Triple B) long term credit rating and ST-3 short term credit rating to Crossline Woven Apparels Limited.The outlook on the rating is Stable.The rating is based on the audited financial statements of Crossline Woven Apparels Limited FY2018-2022 and other relevant qualitative informationRead more

Emerging Credit Rating Limited (hereinafter referred to as ECRL) has assigned B- (Pronounced as single B minus) long term rating and affirmed ST-5 short term rating to R.N. Spinning Mills Ltd. The outlook of the rating is Stable. The rating is based on the audited financial statements from FY2019-FY2022, and unaudited quarterly financial statements forRead more

Emerging Credit Rating Limited (ECRL) has affirmed BBB (Pronounced as triple B) long term credit rating and ST-3 short term credit rating to Khantex Composite Textiles Limited. The outlook of the rating is Stable. ECRL considered the projected financial performance of the project, prospects of the industry, status of the project, location of the project,Read more

Emerging Credit Rating Limited (ECRL) has affirmed AA+ (Pronounced as Double A Plus) long term credit rating and ST-1 short term credit rating to Eskayef Pharmaceuticals Limited. The outlook of the rating is Stable. The rating is based on the audited financial statements for FY2019-2022 and other relevant qualitative and quantitative information up to theRead more

Emerging Credit Rating Limited (ECRL) has assigned long term rating BBB+B (Pronounced as Triple B Plus) to Summit Towers Limited’s BDT 600.00 Million Zero Coupon Bond. The outlook on the rating is Stable. The rating is based on audited financial statements for FY2021-2022, and six months audited financial statements for FY2023 (July 2022-December 2022), andRead more