Emerging Credit Rating Limited (ECRL) has affirmed A+ (pronounced as single A Plus) long term credit rating and ST-2 short term credit rating to Meditex Industries Limited. The outlook of the rating is Stable. Meditex Industries Limited is engaged in the manufacturing of export-oriented ready-made garments (sweaters). The ratings are consistent with ECRL’s methodology for this type of company. The rating is based on the audited financial statements from FY2022 to FY2025 and other relevant qualitative and quantitative information up to the date of rating. The rating is valid from August 25, 2026 to August 24, 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.