Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has affirmed BBB (Pronounced as triple B) and ST-3 short term rating to Fashion Summit Limited (hereinafter referred as ‘FSL’ or ‘The Company’’) for The City Bank Limited’s finance facility. The outlook on the rating is stable. The rating is based on the audited financial statements for FY2020-2022, assumption and other relevant information necessary for the rating purpose up to the date of rating.