Emerging Credit Rating Limited (ECRL) has affirmed the credit rating to A+ (Pronounced as ‘Single A Plus’) long term and affirmed ST-2 short term credit rating to NRB Commercial Bank Limited (hereinafter referred to as ‘NRBCBL’ or ‘The Bank’) based on audited financials of FY2019-FY2022 and other available information up to the date of rating declaration. The outlook on the rating is Stable.