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Blog

Home Archive by category "Rationale"

Emerging Credit Rating Limited (ECRL) has affirmed AAA long-term credit rating and ST-1 short-term credit rating with a Stable outlook to Bangladesh National Insurance Company Limited.

By ecrl-admin | Rationale | 0 comment | 30 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed AAA (pronounced as triple A) long-term credit rating and ST-1 short-term credit rating to Bangladesh National Insurance Company Limited. The outlook on the rating is Stable. The ratings are consistent with ECRL’s rating methodology for this type of company. The ratings are based on the audited financial statementsRead more

ECRL has affirmed ST-4 short-term credit rating and assigned BB+ long-term credit rating with a Stable outlook to Zenith (Bangladesh) Rollers Ltd.

By ecrl-admin | Rationale | 0 comment | 29 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed ST-4 short-term credit rating to Zenith (Bangladesh) Rollers Ltd. Although the company does not have any long-term investment facility, ECRL has assigned an equivalent long-term credit rating of BB+ (pronounced as Double B Plus). The outlook on the rating is Stable.Read more

ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Shizan Traders.

By ecrl-admin | Rationale | 0 comment | 28 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S Shizan Traders. The outlook of the rating is Stable.Read more

Emerging Credit Rating Limited (ECRL) has affirmed AAAB long-term credit rating with a Stable outlook to DBH Finance PLC’s DBH Affordable Housing Bond issuance of up to BDT 3,500.00 million.

By ecrl-admin | Rationale | 0 comment | 26 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed the AAAB (pronounced as Triple A Bond) long-term credit rating to DBH Finance PLC’s (hereinafter referred to as “DBH” or “the FI”) DBH Affordable Housing Bond (hereinafter referred to as “The Bond” or “The Issue”) issuance of up to BDT 3,500.00 million in face value. The outlook onRead more

ECRL has affirmed AAA long-term credit rating and ST-1 short-term credit rating with a Stable outlook to Marico Bangladesh Limited.

By ecrl-admin | Rationale | 0 comment | 18 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed AAA (pronounced as Triple A) long-term credit rating and ST-1 short-term credit rating to Marico Bangladesh Limited. The outlook on the rating is Stable. The rating is consistent with ECRL’s rating methodology for this type of company. The ratings are based on the audited financial statements for FY2022–FY2025,Read more

ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S New Maa Traders.

By ecrl-admin | Rationale | 0 comment | 17 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S New Maa Traders. The outlook of the rating is Stable.Read more

ECRL has affirmed ESME-2 credit rating with a Stable outlook to M/S Gaffar Enterprise.

By ecrl-admin | Rationale | 0 comment | 15 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed ESME-2 credit rating to M/S Gaffar 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

Emerging Credit Rating Limited (ECRL) has assigned A- long-term financial strength rating with a Stable outlook to Shanta Life Insurance PLC.

By ecrl-admin | Rationale | 0 comment | 15 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has assigned A- (pronounced as single A minus) long-term financial strength rating to Shanta Life Insurance PLC. The outlook on the rating is Stable. The rating is consistent with ECRL’s rating methodology for this type of company. The ratings are based on the audited financial statements for FY2024, half-year unauditedRead more

ECRL has assigned ESME-3 credit rating with a Stable outlook to M/S Azad Traders.

By ecrl-admin | Rationale | 0 comment | 2 September, 2025 | 0

Emerging Credit Rating Limited (ECRL) has assigned ESME-3 credit rating to M/S Azad Traders. The rating is based on the received information from the respective bank and concern, along with other relevant quantitative and qualitative information available till the date of rating.Read more

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating with a Stable outlook to The Spondon Ltd.

By ecrl-admin | Rationale | 0 comment | 31 August, 2025 | 0

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to The Spondon Ltd. The outlook of the rating is Stable. The rating is based on information received from the respective bank and company, along with other relevant quantitative and qualitative information available up to the date of rating.Read 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
    • Corporate Profile
    • 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
    • Research Team
    • 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
  • Contact Us
Emerging Credit Rating Ltd