Emerging Credit Rating Limited (ECRL) has affirmed A+ (Pronounced as single A plus) as long-term credit rating and ST-2 as short-term credit rating to EBL Securities PLC. The outlook of the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. ECRL has considered financial performance, scale of business, management experience and prospect of the industry while assigning the rating. The rating considers business profile, past records and trend of operating performance, balance sheet strength and loan repayment history of the company. The rating is based on the audited financial statements from FY2022-FY2025 and other relevant information. The rating is valid from April 13, 2026 to April 12, 2027. The ratings may be changed or revised prior to expiry, if warranted by extraordinary circumstances in the management, operations and/or performance of the entity rated.