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Home Archive by category "Rationale"

ECRL has upgraded BBB+ (Pronounced as triple B Plus) long term credit rating and affirmed ST-3 short term credit rating with a Stable outlook to Sonia Fine Knit Limited. The rating is valid from May 17, 2026 to May 16, 2027.

By ecrl-admin | Rationale | 0 comment | 17 May, 2026 | 0

Emerging Credit Rating Limited (ECRL) has upgraded BBB+ (Pronounced as triple B Plus) long term credit rating and affirmed ST-3 short term credit rating to Sonia Fine Knit Limited. The outlook of the rating is Stable. Sonia Fine Knit Limited is an export-oriented sweater producing factory, which manufactures men’s, women’s and children’s sweaters from variousRead more

ECRL has affirmed ESME-3 credit rating with a Stable outlook to Bondhu Motors. The rating is valid from May 11, 2026 to May 10, 2027.

By ecrl-admin | Rationale | 0 comment | 11 May, 2026 | 0

Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to Bondhu Motors. 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 based onRead more

ECRL has assigned BBB+ (Pronounced as Triple B Plus) long term rating and ST-3 short term rating with a Stable outlook to Japan Bangladesh Friendship Medical Services Ltd. The rating is valid from May 05, 2026 to May 04, 2027.

By ecrl-admin | Rationale | 0 comment | 5 May, 2026 | 0

Emerging Credit Rating Limited (ECRL) has assigned BBB+ (Pronounced as Triple B Plus) long term rating and ST-3 short term rating to Japan Bangladesh Friendship Medical Services Ltd. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type of company. Japan Bangladesh Friendship Medical Services Ltd., a privateRead more

ECRL has affirmed AA+ (Pronounced as “Double A Plus”) long term credit rating and ST-1 short term credit rating with a Stable outlook to Bank Alfalah Limited (Bangladesh Operations). The rating is valid from April 28, 2026 to April 27, 2027.

By ecrl-admin | Rationale | 0 comment | 28 April, 2026 | 0

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

ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Arfin Fashion. The rating is valid from April 25, 2026 to April 24, 2027.

By ecrl-admin | Rationale | 0 comment | 25 April, 2026 | 0

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

ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S G S Furniture. The rating is valid from April 23, 2026 to April 22, 2027.

By ecrl-admin | Rationale | 0 comment | 23 April, 2026 | 0

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

ECRL has downgraded long term credit rating to A+ and short term credit rating to ST-3 for Singer Bangladesh Limited along with a Stable outlook. The rating is valid from April 18, 2026 to April 17, 2027.

By ecrl-admin | Rationale | 0 comment | 18 April, 2026 | 0

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

ECRL has affirmed A- (Pronounced as single A minus) long term credit rating and ST-2 short term credit rating with a Stable outlook to Green Delta Securities Limited. The rating is valid from April 15, 2026 to April 14, 2027.

By ecrl-admin | Rationale | 0 comment | 15 April, 2026 | 0

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

ECRL has affirmed AAA (Pronounced as ‘Triple A’) long term credit rating and ST-1 short term credit rating with a Stable outlook to IDLC Finance PLC. The rating is valid from April 15, 2026 to April 14, 2027.

By ecrl-admin | Rationale | 0 comment | 15 April, 2026 | 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 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

ECRL has affirmed AA-B (Pronounced as Double A Minus Bond) long term credit rating with a Stable outlook to SJIBL Mudaraba Perpetual Bond. The rating is valid from April 13, 2026 to April 12, 2027.

By ecrl-admin | Rationale | 0 comment | 13 April, 2026 | 0

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

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  • Home
  • About ECRL
    • Our Vision, Mission & Goal
    • 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
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    • Rating Methodology
    • Rating Symbol
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    • Rationale
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    • 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
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    • Projects
      • Ongoing
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    • ECRL Thought
    • Blog
  • Media Center
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  • Career
    • Business Development Senior Manager/Manager
    • Assistant Vice President
    • Department Head- Research & Consultancy
    • Senior Officer- Content & Communication
    • Research Analyst
Emerging Credit Rating Ltd