Emerging Credit Rating Limited (hereinafter referred to as ECRL) has affirmed ST-3 short term credit rating to Wings Spence Aviation Limited . ECRL also affirmed an equivalent long-term credit rating of A- (Pronounced as single A minus). The outlook of the rating is Stable. The rating is based on audited financial statements of FY 2020 -2023 alongside with others relevant information (up to the date of rating) necessary for the analysis.