Emerging Credit Rating Limited (ECRL) has affirmed A (Pronounced as “Single A”) as Long-Term Credit Rating and affirmed to ST-2 as short-term credit rating to Development Initiative for Social Advancement . The outlook on the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of non-profit organization. The ratings are based on the audited financial statements for FY2020 to FY2023 and other relevant qualitative and quantitative information up to the date of rating.