Emerging Credit Rating Limited (ECRL) has assigned ST-3 short term credit rating to K & C Alliance Ltd. ECRL has assigned an equivalent long term entity rating of BBB- (Pronounced as Triple B minus). The outlook on the rating is Stable. The rating is based on audited financial statements of FY2020-FY2021, unaudited financial statement of FY2022 and other relevant quantitative and qualitative information up to the date of rating.