Emerging Credit Rating Limited (ECRL) has affirmed BBB+ (Pronounced as “Triple B Plus”) long term credit rating and ST-3 short term credit rating to WATA Chemicals Limited (hereafter referred as “WCL” or “the company”). The outlook on the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. The rating is based on the audited financials of FY2018-FY2021 and unaudited financial statements for 09 months of FY2022 and other relevant qualitative and quantitative information up to the date of rating