Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to BBB (Pronounced as “Triple B”) and affirmed ST-3 short term credit rating to IFIC Bank PLC based on audited financials of FY2022-2025 and other available information up to the date of rating declaration. The outlook on the rating is Stable. The ratings are consistent with ECRL’s rating methodology for this type of company. The rating is valid from July 01, 2026 to June 30, 2027. 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.