Emerging Credit Rating Limited (ECRL) has affirmed A+ (Pronounced as Single A Plus Bond) long term credit rating to UCB 2nd Perpetual Bond issuance of BDT 3,000.00 million in face value based on audited financials of FY2019-2022 and other available information up to the date of rating declaration. The outlook on the rating is Stable. The outlook on the rating is Stable.