Emerging Credit Rating Limited (from here on referred to as ‘ECRL’) has affirmed BBB- (Pronounced as triple B minus) long term credit rating and ST-3 short term credit rating to M/S Quality Enterprise and its sister concern M/S Seraj Dream. The outlook of the rating is Stable. The rating is based on the unaudited financial statements of FY2019-2021 and other qualitative information up to the rating report date.