Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has upgraded to A+ (Pronounced as single A plus) long term credit rating and affirmed to ST-2 short term credit rating to Edison Footwear Limited (herein referred to as ‘EFL’ or ‘the Company’). The outlook on the rating is Stable. The ratings are consistent with ECRL’s methodology for this type of company. The rating is based on the audited financial statements of FY2020-FY2023 along with other relevant qualitative and quantitative information till the date of rating.