Emerging Credit Rating Limited (ECRL) has assigned AAA (Pronounced as ‘Triple A’) long term credit rating and ST-1 short term credit rating with a Stable outlook to BASIC Bank Limited (hereinafter referred to as ‘BBL’ or ‘The Bank’) as a government supported entity. However, as a commercial bank without government support, ECRL has assigned B+ (Pronounced as ‘Single B Plus’) long term credit rating and ST-5 short term credit rating with a Stable outlook to BASIC Bank Limited. The ratings are based on audited financial statements of FY2019-FY2022 and other available quantitative and qualitative information up to the date of rating declaration.