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Emerging Credit Rating Limited (ECRL) has affirmed AA-B (Pronounced as ‘Double A Minus Bond’) long term credit rating to United Commercial Bank PLC’s (UCB) Third 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 the rating is Stable.Read more

Emerging Credit Rating Limited (ECRL) downgraded the long term credit rating to BBB- (Pronounced as Triple B minus) and affirmed ST-3 short term credit rating to CEL Telecom Limited (from here on referred to as “CELTL” or “the company’). The outlook on the rating is Stable. The rating is based on the financial statements forRead more

Emerging Credit Rating Limited (ECRL) has assigned A- (Pronounced as single A Minus) long term rating and ST-2 short-term rating to Softex Communication Limited (hereafter referred to as ‘SCL’ or ‘the company’). The outlook on the rating is Stable. The ratings are based on audited financial statements from FY2019-FY2022 (FYE: June), bank information with paymentRead more

Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has affirmed BBB (Pronounced as triple B) and ST-3 short term rating to Fashion Summit Limited (hereinafter referred as ‘FSL’ or ‘The Company’’) for The City Bank Limited’s finance facility. The outlook on the rating is stable. The rating is based on the audited financial statements forRead more

Emerging Credit Rating Limited (ECRL) has affirmed ESME-2 credit rating to M/S Md. Iqbal Jamader & its Sister Concern M/S Kapotakkha Bricks (hereinafter referred to as the ‘concern’). The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of business. The rating is based on the received informationRead more

Emerging Credit Rating Limited (ECRL) has assigned AAA (Pronounced as ‘Triple A’) long term credit rating and ST-1 short term credit rating with a Stable outlook to BASIC Bank Limited (hereinafter referred to as ‘BBL’ or ‘The Bank’) as a government supported entity. However, as a commercial bank without government support, ECRL has assigned B+Read more

Emerging Credit Rating Limited (ECRL) has upgraded long term credit rating to AA- (Pronounced as double A minus) and affirmed ST-2 short term credit rating to Rancon Motor Bikes Limited (from here on referred to as ‘RMBL’). The outlook on the rating is Stable. The rating is based on audited financial statements of FY2019-2022 inRead more

Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has affirmed BBB+ (Pronounced as Triple B Plus) long term credit rating and ST-3 short term credit rating to Legacy Furniture (Pvt.) Ltd. (from here on referred to as ‘LFPL’ or ‘the company’). The outlook of the ratings is Stable. The ratings are consistentRead more

Emerging Credit Rating Limited (ECRL) has affirmed BBB+ (Pronounced as Triple B Plus) as long term credit rating and ST-2 short term credit rating to Thermax Yarn Dyeing Limited. The outlook on the rating is Stable. The rating is based on audited financial statement from FY 2019- FY 2022 (FYE: June) and other relevant qualitativeRead more

Emerging Credit Rating Limited (ECRL) has affirmed long term credit rating to A (Pronounced as “Single A”) and ST-2 short term credit rating to Edison Industries Limited. The outlook on the rating is Stable. The rating is based on the audited financial statements of FY2019-FY2022 along with other relevant qualitative and quantitative information till theRead more