Emerging Credit Rating Limited (hereinafter referred to as ECRL) has assigned BBB+ (Pronounced as Triple B Plus) long term credit rating and ST-3 short term rating credit rating to Team Accessories Limited (from hereinafter referred to as ‘TAL’ or ‘The Company’). The outlook of the rating is Stable. The rating is consistent with ECRL’s rating methodology for this type of company. The rating is based on the audited financial statement of FY2020-FY2022 and other relevant quantitative and qualitative information available till the date of rating.