Emerging Credit Rating Limited (ECRL) has affirmed AAA (pronounced as Triple A) long-term credit rating and ST-1 short-term credit rating to Marico Bangladesh Limited. The outlook on the rating is Stable. The rating is consistent with ECRL’s rating methodology for this type of company. The ratings are based on the audited financial statements for FY2022–FY2025, the quarterly audited financial statements for Q1 of FY2026, as well as other relevant qualitative and quantitative information up to the rating date.