Emerging Credit Rating Limited (ECRL) has affirmed A (Pronounced as Single A) long-term credit rating and ST-2 short-term credit rating to BASTOB–Initiative for People’s Self-Development. The outlook on the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of organization. The rating is based on the audited financial statements from FY2021 to FY2025 (FYE: 30 June) and other relevant qualitative information up to the date of rating. The rating is valid from October 23, 2025 till October 22, 2026. 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.