Emerging Credit Rating Limited (hereafter referred to as ‘ECRL’) has affirmed ST-3 short term credit rating to Bando Apparels Ltd. ECRL has also affirmed an equivalent long term credit rating of BBB (Pronounced as Triple B). The outlook on the rating is Stable. The rating is based on audited financial statement of 2020-2022, bank information, liquidity position and other qualitative along with quantitative information up to the date of rating.