Emerging Credit Rating Limited (hereinafter referred to as ECRL) has affirmed A (Pronounced as A) for long term rating and affirmed ST-2 for short term rating respectively to United Enterprises & Co Ltd. The outlook on the rating is Stable. The rating is based on audited financial statements of FY 2020-2022 and unaudited financial statements of FY 2019 along with other qualitative factors up to the date of rating.