Emerging Credit Rating Limited (ECRL) has assigned A- (pronounced as single A minus) and ST-3 short term credit rating to Kedarpur Tea Company Limited (from now also referred as ‘KTL’). The outlook of the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of concern. The rating takes into account business profile, past records and trend of operating performance, stakeholders relationship, macroeconomic status, industry outlook and loan repayment history. The rating is based on audited financial statements from FY2018-FY2021, and other relevant information up to the date of rating