Emerging Credit Rating Limited (ECRL) has downgraded the long-term credit rating to BB+ (Pronounced as ‘double B Plus’) and the short-term credit rating to ST-4 to First Security Islami Bank PLC. along with a Stable outlook

By ecrl-admin | Rationale | 0 comment | 23 July, 2025 | 0

Emerging Credit Rating Limited (ECRL) has downgraded the long-term credit rating to BB+ (Pronounced as ‘double B Plus’) and the short-term credit rating to ST-4 to First Security Islami Bank PLC. along with a Stable outlook with validity till May 14, 2026. The assigned rating is based on audited financial statements up to December 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating.