Emerging Credit Rating Limited (ECRL) has assigned BBB- (Pronounced as triple B minus) long term credit rating and ST-3 short term credit rating to Titas Knitwear Limited. The outlook of the rating is Stable. The ratings are consistent with ECRL’s rating methodology for this type of company. The rating is based on the audited financial statements of FYFY 2023-FY2025 data obtained from audited Financial Statements, and other qualitative information up to the rating report date. The rating is valid from December 1, 2025 to November 30, 2026. The ratings may be changed or revised prior to expiry, if warranted by extraordinary circumstances in the management, operations and/or performance of the entity rated.