Emerging Credit Rating Limited (ECRL) has affirmed ST-3 as short term credit rating to Huaxin Textile Industry Co. Ltd. ECRL has affirmed an equivalent long term entity rating of BBB- (Pronounced as Triple B minus). The outlook of the rating is Stable. The rating is based on audited financial statement of FY2021-FY2023, and other relevant information (up to the date of rating) necessary for the analysis.