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Rationale

    Home Rationale
    21 May

    ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Jerin Enterprise. The rating is valid from May 21, 2026 to May 20, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S Jerin Enterprise. The outlook of the rating

    0 comment / Rationale / Read More
    17 May

    ECRL has upgraded BBB+ (Pronounced as triple B Plus) long term credit rating and affirmed ST-3 short term credit rating with a Stable outlook to Sonia Fine Knit Limited. The rating is valid from May 17, 2026 to May 16, 2027.

    Emerging Credit Rating Limited (ECRL) has upgraded BBB+ (Pronounced as triple B Plus) long term credit rating and affirmed

    0 comment / Rationale / Read More
    11 May

    ECRL has affirmed ESME-3 credit rating with a Stable outlook to Bondhu Motors. The rating is valid from May 11, 2026 to May 10, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to Bondhu Motors. The outlook of the rating is

    0 comment / Rationale / Read More
    05 May

    ECRL has assigned BBB+ (Pronounced as Triple B Plus) long term rating and ST-3 short term rating with a Stable outlook to Japan Bangladesh Friendship Medical Services Ltd. The rating is valid from May 05, 2026 to May 04, 2027.

    Emerging Credit Rating Limited (ECRL) has assigned BBB+ (Pronounced as Triple B Plus) long term rating and ST-3 short

    0 comment / Rationale / Read More
    28 Apr

    ECRL has affirmed AA+ (Pronounced as “Double A Plus”) long term credit rating and ST-1 short term credit rating with a Stable outlook to Bank Alfalah Limited (Bangladesh Operations). The rating is valid from April 28, 2026 to April 27, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed AA+ (Pronounced as “Double A Plus”) long term credit rating and ST-1

    0 comment / Rationale / Read More
    25 Apr

    ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Arfin Fashion. The rating is valid from April 25, 2026 to April 24, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S Arfin Fashion. The outlook of the rating

    0 comment / Rationale / Read More
    23 Apr

    ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S G S Furniture. The rating is valid from April 23, 2026 to April 22, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed ESME-3 credit rating to M/S G S Furniture. The outlook of the

    0 comment / Rationale / Read More
    18 Apr

    ECRL has downgraded long term credit rating to A+ and short term credit rating to ST-3 for Singer Bangladesh Limited along with a Stable outlook. The rating is valid from April 18, 2026 to April 17, 2027.

    Emerging Credit Rating Limited (ECRL) has downgraded long term credit rating to A+ (Pronounced as Single A Plus) and

    0 comment / Rationale / Read More
    15 Apr

    ECRL has affirmed A- (Pronounced as single A minus) long term credit rating and ST-2 short term credit rating with a Stable outlook to Green Delta Securities Limited. The rating is valid from April 15, 2026 to April 14, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed A- (Pronounced as single A minus) long term credit rating and ST-2

    0 comment / Rationale / Read More
    15 Apr

    ECRL has affirmed AAA (Pronounced as ‘Triple A’) long term credit rating and ST-1 short term credit rating with a Stable outlook to IDLC Finance PLC. The rating is valid from April 15, 2026 to April 14, 2027.

    Emerging Credit Rating Limited (ECRL) has affirmed AAA (Pronounced as ‘Triple A’) long term credit rating and ST-1 short

    0 comment / Rationale / Read More

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    • Home
    • About ECRL
      • Our Vision, Mission & Goal
      • Committee
        • Rating Committee
        • Risk Management Committee
      • Regulators and Affiliations
      • Code of Conduct
        • ECRL
        • ACRAA
        • IOSCO
      • Mile Stone
      • Corporate Profile
      • Fee Structure
      • FAQ
        • Rating Benefits
        • Detailed FAQ
    • The Team
      • Management Team
      • Rating Team
      • Business Development Team
    • Rating
      • Rating Service
      • Rating Process
      • Rating Methodology
      • Rating Symbol
      • Rating Reports
      • Rationale
      • Transition Matrix
      • Default Studies
      • Rating Discontinue List
      • Disclosure as per BSEC
      • Unsolicited Rating Policy
    • Research
      • Research Team
      • Services
      • Data Bank
        • Primary Survey Data
        • Secondary Data
          • Bangladesh
          • International
      • Publications
        • Industry Analysis
        • ECRL Quarterly
        • Working Paper
        • Publication by Researchers
      • Projects
        • Ongoing
        • Accomplished
      • ECRL Thought
      • Blog
    • Media Center
      • Downloads
      • News & Events
    • Monthly Magazine
    • Career
      • Business Development Senior Manager/Manager
      • Assistant Vice President
      • Department Head- Research & Consultancy
      • Senior Officer- Content & Communication
      • Research Analyst
    Emerging Credit Rating Ltd