Emerging Credit Rating Limited (hereinafter referred to as “ECRL”) has affirmed AA+ (Pronounced as Double A Plus) long term rating and affirmed ST-1 short term rating to Transcom Beverages Limited (hereinafter referred to as “TBL” or “The Company”). The outlook of the rating is Stable. The rating is based on the audited financial statements from the period FY 2018-2021, unaudited financial statements of FY 2022 and other relevant information till date of the rating