Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S Bismillah Ceramic and Electric (hereinafter referred to as ‘the concern’). The outlook of the rating is Stable. The rating is consistent with ECRL’s methodology for this type of business. The rating is based on the information received from the bank and the client, along with other relevant quantitative and qualitative information available till the date of rating.