Emerging Credit Rating Limited (ECRL) has affirmed the AA (Double A) long-term credit rating and ST-1 short-term credit rating of Transcom Electronics Limited (TEL). The rating is based on the audited financial statements for the fiscal years ending in June from FY2019-FY2023, as well as other relevant quantitative and qualitative information available up to the date of the rating. The outlook on the rating remains Stable.