Emerging Credit Rating Limited (ECRL) has affirmed AA-B (Pronounced as ‘Double A Minus Bond’) long term credit rating to United Commercial Bank PLC’s (UCBL) Fourth Subordinated Bond (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”) issuance of BDT 8,000.00 million in face value. The outlook on the rating is Stable.