ECRL has downgraded the existing rating to AA-B (Pronounced as “Double A Minus Bond”) for Mercantile Bank 3rd Subordinated Bond. The outlook of the rating is Stable. This decision is based on new information ECRL received on recently regarding the long-term credit rating of the issuer, Mercantile Bank PLC., which was downgraded to AA.Read more
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ECRL has downgraded long term credit rating to BBB+ (Pronounced as “Triple B Plus”) and short term credit rating to ST-3 to IFIC Bank PLC based on audited financials of 2024 and other available information up to the date of rating declaration. The outlook on the rating is Stable.Read more
Emerging Credit Rating Limited (ECRL) has affirmed AA (Pronounced as “Double A”) long term credit rating and ST-2 short term credit rating along with a Stable outlook to Uttara Bank PLC. with validity till June 30, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevant quantitative asRead 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 along with a Stable outlook to Midland Bank PLC. with validity till June 30, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevant quantitativeRead more
Emerging Credit Rating Limited (ECRL) has affirmed AA-B* (Pronounced as Double A Minus Bond) long term credit rating to SJIBL Mudaraba Perpetual Bond along with a Stable outlook with validity till April 12, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevant quantitative as well as qualitativeRead more
Emerging Credit Rating Limited (ECRL) has affirmed AA+ (Pronounced as “Double A Plus”) long term credit rating and ST-2 short term credit rating along with a Stable outlook to Dhaka Bank PLC. with validity till April 07, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevant quantitativeRead more
Emerging Credit Rating Limited (ECRL) has affirmed AA (Pronounced as ‘Double A’) long term credit rating and ST-2 short term credit rating along with a Negative outlook to United Commercial Bank PLC. with validity till May 06, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevant quantitativeRead more
Emerging Credit Rating Limited (ECRL) has affirmed long term credit rating AA+ (Pronounced as Double A Plus) and ST-2 short term credit rating to Shahjalal Islami Bank PLC. along with a Stable outlook with validity till March 24, 2026. The rating is based on audited financial statements up to December 31, 2024 and other relevantRead more
Emerging Credit Rating Limited (ECRL) has assigned BBB long term credit rating and affirmed ST-3 short term credit rating to Fashions Support Limited. The outlook on the rating is Stable. The ratings are based on the audited financial statements from FY2022-2024 (FYE: June), along with bank information, payment history, and other relevant qualitative and quantitativeRead more
Emerging Credit Rating Limited (ECRL) has assigned ESME-3 credit rating to Smart Business Zone. The outlook of the rating is Stable.Read more