Emerging Credit Rating Limited (ECRL) has upgraded ST-2 short term credit rating to Rancon Infrastructures & Engineering Limited (from now also referred as ‘RIEL’ or “the company”). Although the concern does not have long term credit facility, ECRL has upgraded an equivalent long term entity rating to A- (Pronounced as A Minus) for Rancon InfrastructuresRead more
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Emerging Credit Rating Limited (ECRL) has affirmed A+ (Pronounced as A plus) long term credit rating and ST-2 short term credit rating to ADN Telecom Limited. ADN Telecom Limited is a telecommunication and IT service provider in Bangladesh. The company received permission for BSEC for IPO and raised BDT 570.00 million in 2019. The proceedsRead more
Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as Triple A) long term credit rating and ST-1 short term credit rating to 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-known consumer electronics brandRead more
Emerging Credit Rating Limited (ECRL) has affirmed A (Pronounced as Single A) long term credit rating to Islamic Finance and Investment Limited’s Mudaraba Non-Convertible Fully Redeemable Subordinated Bond issuance up to BDT 3,000.00 million in face value. The outlook on the rating is Stable. The rating is consistent with ECRL’s methodology for this type ofRead more
Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as “Triple A”) long term credit rating and ST-1 short term credit rating to IPDC Finance Limited (From here on referred to as ‘IPDC’ or ‘the FI’) based on audited financial statements up to December 31, 2021, half yearly unaudited financial statements (Jan to June) ofRead 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, 2021, six (06) months unaudited financials ended on June 30, 2022 and June 30, 2021 and otherRead more
Emerging Credit Rating Limited (hereinafter referred to as ‘ECRL’) has affirmed BBB+ (Pronounced as Triple B plus) long term credit rating and ST-3 short term credit rating to Panama Composite Textile Mills Limited (hereinafter referred to as “PCTML” or “The Company”). The outlook on the rating is Stable. The ratings are consistent with ECRL’s entityRead more
Emerging Credit Rating Limited (ECRL) has affirmed AA-B (Pronounced as ‘Double A Minus Bond’) long term credit rating to United Commercial Bank Limited’s (UCBL) Fourth Subordinated Bond (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”) issuance of BDT 8,000.00 million in face value. The outlook on the rating is Stable.Read more
Emerging Credit Rating Limited (ECRL) has assigned BBB+ (Pronounced as Triple B Plus) long term credit rating and ST-3 short term credit rating to Rancon British Motors Limited (from here on referred to as ‘RBML’ or the company). The outlook on the rating is Stable. The aforesaid rating is aligned with ECRL’s rating methodology forRead more