Emerging Credit Rating Limited (ECRL) has upgraded AAB (Pronounced as ‘Double A Bond’) long term credit rating to The City Bank Limited’s Third Subordinated Bond BDT 7,000 million (hereinafter referred to as “The Subordinated Bond” or “The Bond” or “The Issue”). The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of financial institution’s bond rating.