Emerging Credit Rating Limited (ECRL) has affirmed BBB- (pronounced as ‘Triple B’ minus) long term credit rating and ST-3 short term credit rating to Crown Easywear Ltd. (hereinafter referred to as ‘the company’ or ‘CEL’). The outlook of the rating is Stable. The ratings are based on the audited financial statements for FY2019-2022 and other relevant qualitative and quantitative information up to the date of rating.