Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has assigned A- (pronounced as ‘A Minus’) long term credit rating and ST-2 short term credit rating to Kiam Glassware Industries Limited. The outlook on the rating is Stable. The rating is based on projected financial statements and other relevant qualitative and quantitative information up to the date of rating. The rating is valid from December 01, 2025 to November 30, 2026. 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.