Emerging Credit Rating Ltd https://validator.w3.org/feed/docs/rss2.html ECRL has upgraded long term credit rating to AA (Pronounced as double A) and affirmed ST-2 short term credit rating with a Stable outlook to Rangs Limited. The rating is valid from April 01, 2026 to March 31, 2027. 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. 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 Eskayef Pharmaceuticals Limited. The rating is valid from March 17, 2026 to March 16, 2027. 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. 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. ECRL has affirmed AA-B (Pronounced as Double A Minus Bond) long term credit rating with a Stable outlook to SJIBL Mudaraba Perpetual Bond. The rating is valid from April 13, 2026 to April 12, 2027. ECRL has affirmed AA+ (Pronounced as “Double A Plus”) long term credit rating and upgraded short term credit rating to ST-1 with a Stable outlook to Dhaka Bank PLC. The rating is valid from April 08, 2026 to April 07, 2027. 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. ECRL has affirmed BB+ long term credit rating and ST-4 short-term credit rating with a Developing outlook to Bay Leasing & Investment Limited. The rating is valid from February 09, 2026 to February 08, 2027. ECRL affirmed BBB long term credit rating and ST-3 short term credit rating with a Stable outlook to Ranks Telecom Limited. The rating is valid from February 13, 2026 to February 12, 2027. ECRL has assigned AAA long-term credit rating and ST-1 short-term credit rating with a Stable outlook to STS Holdings Limited. The rating is valid from March 31, 2026 to March 30, 2027. ECRL has affirmed AAA long term credit rating and ST-1 short term credit rating with a Stable outlook to Quality Feeds Limited. The rating is valid from January 01, 2026 to December 31, 2026. ECRL has affirmed A+ as long-term credit rating and ST-2 as short-term credit rating with a Stable outlook to EBL Securities PLC. The rating is valid from April 13, 2026 to April 12, 2027. ECRL has upgraded long term credit rating to AA+ and affirmed ST-1 short term credit rating with a Stable outlook to Unilever Consumer Care Limited. The rating is valid from March 21, 2026 to March 20, 2027. ECRL has assigned A- and ST-2 short-term rating with a Stable outlook to STS Hospital Chittagong Limited. The rating is valid from March 31, 2026 to March 30, 2027. 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. 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. ECRL has assigned BBB+ long term credit rating and ST-3 short term credit rating along with a Stable outlook to RYANS Computers Limited. The rating is valid from April 13, 2026 to April 12, 2027. ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Zaman Traders. The rating is valid from March 29, 2026 to March 28, 2027. ECRL has upgraded long term rating to AA and affirmed ST-2 short term credit rating to ADN Telecom Limited . The outlook on the rating is Stable. The rating is valid from November 12, 2025 till November 11, 2026. 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. Home 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. ECRL has assigned A long term credit rating and ST-2 short term credit rating along with a Stable outlook to Islami Bank Bangladesh PLC. Business Development Senior Manager/Manager Career Corporate Profile Department Head- Research & Consultancy Md. Nazmul Shaikh Iddrish Khan, ITP ECRL has assigned BBB+ long term credit rating and ST-3 short term credit rating along with a Stable outlook to United Healthcare Services Ltd. ECRL has assigned A- long term credit rating and ST-2 short term credit rating along with a Stable outlook to Kiam Glassware Industries Limited. Rating Reports Happy New Year 2026 Celebrated at ECRL ECRL has assigned AAA long term credit rating and ST-1 short term rating to Bangladesh Submarine Cables PLC. The outlook of the rating is Stable. The rating is valid from December 07, 2025 to December 06, 2026. Research Analyst ECRL has assigned ESME-3 credit rating with a Stable outlook to M/S Haque International. The rating is valid from November 17, 2025, to November 16, 2026. ECRL has assigned ESME-3 credit rating with a Stable outlook to M/S J.N Enterprise. The rating is valid from November 13, 2025, to November 12, 2026. ECRL has affirmed the ESME-3 credit rating with a Stable outlook to M/S Madina Traders. The rating is valid from November 15, 2025, to November 14, 2026. ECRL has affirmed the ESME-3 credit rating with a Stable outlook to M/S Bhai Bhai Vulcanizing Workshop. The rating is valid from November 14, 2025, to November 13, 2026. ECRL has affirmed ESME-3 credit rating with a Stable outlook to M/S Mona & Brothers. The rating is valid from October 31, 2025 till October 30, 2026. ECRL has affirmed A- long-term credit rating and ST-2 short-term credit rating with a Stable outlook to Dressmen Fashionwear Limited. The rating is valid from October 19, 2025 till October 18, 2026. ECRL has affirmed A long-term credit rating and ST-2 short-term credit rating with a Stable outlook to BASTOB–Initiative for People’s Self-Development. The rating is valid from October 23, 2025 till October 22, 2026. ECRL has affirmed A long term credit rating and ST-2 short term credit rating to Dekko Accessories Limited . The outlook of the rating is Stable. The rating is valid from October 30, 2025 till October 29, 2026. ECRL has assigned BBB- long term credit rating and ST-3 short term credit rating to Titas Knitwear Limited. The outlook of the rating is Stable. The rating is valid from December 1, 2025 to November 30, 2026. Senior Officer- Content & Communication Assistant Vice President Monthly Magazine April 2026 Monthly Magazine October 2025 Md. Kamrul Islam