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Emerging Credit Rating Limited (ECRL) has downgraded to BBB- (Pronounced as Triple B Minus) long-term credit rating and ST-3 short term credit rating to FKN Textiles Limited. The outlook of the rating is Stable. The rating is based on the audited financial statements of FY2019 – 2022 and other qualitative information up to the ratingRead more

Emerging Credit Rating Limited (ECRL) has affirmed A (Pronounced as single A) long term credit rating and ST-2 short term credit rating to Bangla Trac Rental Services Limited (BTRSL). The outlook on the rating is Stable. The rating is based on audited financial statement of FY2019-FY2022 and other relevant qualitative and quantitative information up toRead more

Emerging Credit Rating Limited (ECRL) has affirmed A+ (Pronounced as ‘Single A Plus’) long term credit rating and ST-2 short term credit rating to Islamic Finance and Investment Limited based on audited financial statements up to December 31, 2022, other available quantitative and qualitative information up to the date of rating. The outlook on theRead more

Emerging Credit Rating Limited (hereinafter referred to as ECRL) has assigned long term credit rating BBB+ (pronounced as Triple B Plus) and ST-3 short-term credit rating to the Cotton Dyeing & Finishing Mills Limited (from hereinafter referred to as ‘CDFML’ or ‘The Company’). The outlook on the rating is Stable. The rating is based onRead more

Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has downgraded to A- (Pronounced as “Single A Minus”) long term credit rating and ST-3 short term credit rating to Akhtar Mattress Industries Limited (from here on referred to as ‘AMIL’). The outlook of the rating is Stable. The rating is based on auditedRead more

Emerging Credit Rating Limited (ECRL) has affirmed AA+IB (Pronounced as Double A Plus Islamic Bond) long term credit rating to Islami Bank Bangladesh PLC.’s (IBB) 2nd Mudaraba Redeemable 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 theRead more

Emerging Credit Rating Limited (ECRL) has affirmed AA+IB (Pronounced as Double A Plus Islamic Bond) long term credit rating to Islami Bank Bangladesh PLC.’s (IBB) Mudaraba Redeemable Subordinated Bond (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”) issuance of BDT 5,000.00 million in face value. The outlook on the ratingRead more

Emerging Credit Rating Limited (ECRL) has affirmed A+B (Pronounced as ‘Single A Plus Bond’) long term credit rating to Dhaka Bank Perpetual Bond issuance of BDT 2,000.00 million in face value. The outlook on the rating is Stable.Read more

Emerging Credit Rating Limited (ECRL) has assigned A- (Pronounced as Single A Minus) long term credit rating and ST-2 short term credit rating to Quality Livestock Limited. The outlook of the rating is Stable. The rating is based on the project profile, and projected financial statements, other quantitative and qualitative information up to the dateRead more

Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has downgraded to BBB- (Pronounced as Triple B minus) long term rating and ST-3 short term rating to Sunshine Logistics Ltd. The outlook on the rating is stable. The ratings are based on the projected financial statement, audited report of FY2021-22 and relevant qualitative and quantitative informationRead more