Emerging Credit Rating Limited (ECRL) has affirmed BB+ (Pronounced as “Double B Plus”) long term credit rating and ST-4 short-term credit rating to Bay Leasing & Investment Limited based on unaudited financial statements of FY2025, audited financial statements of FY2022-FY2024 and other available quantitative and qualitative information up to the date of rating declaration. The outlook on the rating is Developing. The ratings are consistent with ECRL’s methodology for this type of company. ECRL considered financial performance, capital base, asset quality, management experience, liquidity and prospect of the industry while assigning the rating. The rating is valid from February 09, 2026 to February 08, 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.