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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 Bank Alfalah Limited (Bangladesh Operations) based on audited financials of FY2022-2025, and other available information up to the date of rating declaration. The outlook on the rating is Stable. The ratingsRead more

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S Arfin Fashion. 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

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S G S Furniture. 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 isRead more

Welcome to the latest issue of the ECRL Monthly Economic and Business Review, where we explore a sector undergoing a quiet yet profound transformation the furniture and interior solutions industry of Bangladesh. Positioned at the crossroads of industrial capability, changing consumer lifestyles, and emerging export potential, this industry reflects the broader evolution of the country’sRead more

Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to A+ (Pronounced as Single A Plus) and short term credit rating to ST-3 for Singer Bangladesh Limited. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of company. Singer Bangladesh Limited (SBL) is a well-knownRead more

Emerging Credit Rating Limited (ECRL) has affirmed A- (Pronounced as single A minus) long term credit rating and ST-2 short term credit rating to Green Delta Securities Limited. The outlook of the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. The rating is based on the audited financialRead more

Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as ‘Triple A’) long term credit rating and ST-1 short term credit rating to IDLC Finance PLC. based on audited financial statements up to December 31, 2025 and other available quantitative and qualitative information up to the date of rating. The outlook on the rating isRead more

Emerging Credit Rating Limited (ECRL) has affirmed AA-B (Pronounced as Double A Minus Bond) long term credit rating to SJIBL Mudaraba Perpetual Bond. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of Bond rating. The rating is valid from April 13, 2026 to April 12, 2027.Read more

Emerging Credit Rating Limited (ECRL) has affirmed A+ (Pronounced as single A plus) as long-term credit rating and ST-2 as short-term credit rating to EBL Securities PLC. 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, managementRead more

Emerging Credit Rating Limited (ECRL) has assigned to ST-3 short term credit rating to RYANS Computers Limited. The outlook of the rating is Stable. Although the entity does not have long term investment facility, ECRL also has assigned a long-term entity rating of BBB+ (Pronounced as B plus). The concern is engaged with trading ofRead more