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Emerging Credit Rating Limited (hereinafter referred to as ECRL) has assigned B- (Pronounced as single B minus) long term rating and affirmed ST-5 short term rating to R.N. Spinning Mills Ltd. The outlook of the rating is Stable. The rating is based on the audited financial statements from FY2019-FY2022, and unaudited quarterly financial statements forRead more

Emerging Credit Rating Limited (ECRL) has affirmed BBB (Pronounced as triple B) long term credit rating and ST-3 short term credit rating to Khantex Composite Textiles Limited. The outlook of the rating is Stable. ECRL considered the projected financial performance of the project, prospects of the industry, status of the project, location of the project,Read more

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 Eskayef Pharmaceuticals Limited. The outlook of the rating is Stable. The rating is based on the audited financial statements for FY2019-2022 and other relevant qualitative and quantitative information up to theRead more

Emerging Credit Rating Limited (ECRL) has assigned long term rating BBB+B (Pronounced as Triple B Plus) to Summit Towers Limited’s BDT 600.00 Million Zero Coupon Bond. The outlook on the rating is Stable. The rating is based on audited financial statements for FY2021-2022, and six months audited financial statements for FY2023 (July 2022-December 2022), andRead more

Emerging Credit Rating Limited (ECRL) has upgraded the long term credit rating to AA- (Pronounced as ‘Double A Minus’) and affirmed ST-2 short term credit rating to Community Bank Bangladesh Limited based on the audited financials of FY2019-FY2022 and other available information up to the date of rating declaration. The outlook on the rating isRead 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 United Payra Power Limited (UPPL). The outlook of the rating is Stable. The rating is based on audited financial of FY 2021-FY2022, project profile, bank information and other relevant qualitative alongRead more

Emerging Credit Rating Limited (ECRL) has assigned BBB (Pronounced as Triple B) as long term credit rating and ST-3 as short term credit rating to Adury Fashion & Print Ltd. The outlook on the rating is Stable. The rating is based on unaudited financial statements from FY2019-FY2020, audited financial statements from FY2021-FY2022 and other qualitativeRead more

Emerging Credit Rating Limited has assigned A (Pronounced as ‘Single A’) long term credit rating and ST-2 short term credit rating to Paragon Ceramic Industries Limited. The outlook of the rating is Stable. The rating is based on audited financial statement of FY2020-FY2022 and other qualitative information up to the rating report date.Read more

Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has affirmed A (Pronounced as single ‘A’) long term credit rating and ST-2 short term credit rating to Armana Apparels Limited (hereinafter referred as ‘AAL’ or ‘The Company’). The outlook on the rating is Stable. The rating is based on unaudited financial statements of FY2019, audited financialRead more

Emerging Credit Rating Limited (ECRL) has assigned BBB (Pronounced as Triple B) long term credit rating and ST-3 short term credit rating to Denitex Limited (hereafter referred to as ‘DTXL’ or ‘the company’). The outlook of the rating is Stable. The rating is based on the audited financial statements of FY 2019 to FY 2022Read more