Emerging Credit Rating Limited (ECRL) has affirmed long term credit rating to AA (Pronounced as double A) and ST-2 short term credit rating to Rancon Motors Limited. The ratings are consistent with ECRL’s rating methodology for this type of company. The outlook on the rating is Stable. The rating is based on audited financial statements from FY2022 to FY2025 and other relevant information up to the date of rating. The rating is valid from August 25, 2026 to August 24, 2027. The ratings may be changed or revised prior to expiry, if warranted by extraordinary circumstances in the management, operations and/or performance of the entity rated.