Emerging Credit Rating Limited (ECRL) has assigned BBB (Pronounced as Triple B) long term credit rating and ST-3 short term credit rating to Denitex Limited (hereafter referred to as ‘DTXL’ or ‘the company’). The outlook of the rating is Stable. The rating is based on the audited financial statements of FY 2019 to FY 2022 and other qualitative information up to the rating report date.