Blog

Emerging Credit Rating Limited (ECRL) has affirmed AA+B (Pronounced as Double A Plus) long term credit rating to IDLC Finance PLC.’s (hereinafter referred to as “IDLC” or “The FI”) Non-Convertible Zero Coupon Bond (hereinafter referred to as “The Zero Coupon Bond” or “The Bond” or “The Issue”) issuance up to BDT 2,550.00 million in faceRead more

Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has affirmed BBB- (Pronounced as triple B minus) long term credit rating and ST-3 short term credit rating to M/S Quality Enterprise and its sister concern M/S Seraj Dream. The outlook of the rating is Stable. The rating is based on the unaudited financialRead 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 Apex Enterprises Limited . The outlook of the rating is Stable. The rating is based on audited financial statements of FY2020-FY2023 and other relevant qualitative information up to the date of rating.Read more

Emerging Credit Rating Limited (hereinafter referred to as “ECRL”) has downgraded long term rating to A- (Pronounced as single A Minus) and affirmed short term rating ST-3 to Rahimafrooz (Bangladesh) Limited .The outlook on the rating is Stable. The rating is based on audited financial statements for the fiscal years 2019-2023 as well as otherRead more

Emerging Credit Rating Limited (ECRL) has affirmed BBB (pronounced as Triple B) long term credit rating and ST-3 short term rating to Paramount Holdings Limited. The outlook of the rating is Stable. The rating is based on the audited financial statement of FY 2019-FY 2023 along with other relevant qualitative information up to date ofRead more

Emerging Credit Rating Limited (ECRL) has assigned BBB (pronounced as Triple B Minus) long term credit rating and ST-3 short term credit rating to Daruma Builders & Engineering Ltd . The outlook of the rating is Stable. The rating is based on audited financial statements of FY2020-FY2023 and bank information and other up to dateRead more

Emerging Credit Rating Limited (ECRL) has affirmed ST-3 short term credit rating to Billah Resources Limited. Although the company does not have any long term bank investment, Emerging Credit Rating Limited (ECRL) has also affirmed an equivalent long term rating of BBB+ (Pronounced as Triple B plus). The outlook of the rating is Stable. TheRead more

Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to A- (Pronounced as Single A Minus) and affirmed ST-3 short term credit rating to Khulna Power Company Ltd. (KPCL). The outlook of the rating is Stable. The rating is based on audited financial statements of FY2020 to FY2023, unaudited financial statements of 1stRead 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 B-Trac Engineering Ltd . The outlook on the rating is Stable. The rating is based on the audited financial statement of FY2020-FY2023 and other relevant quantitative and qualitative information available till theRead more

Emerging Credit Rating Ltd. (ECRL) has upgraded to A (Pronounced as Single A) long-term credit rating and affirmed ST-2 short-term credit rating to Otto Spinning Ltd. The outlook on the rating is Stable. The rating is based on the audited financial statement from FY2020-2022, unaudited financial statement from FY2023 along with other qualitative and quantitativeRead more