Emerging Credit Rating Limited (ECRL) has upgraded to AA- (Pronounced as double A minus) long term credit rating and affirmed ST-2 short term credit rating to ADN Telecom Limited (Hereafter referred to as ‘ADNTel’ or ‘the company’). The outlook on the rating is Stable. The rating is based on the audited financial statements of FY2020 to FY2023 and other qualitative and quantitative information available up to date of rating. The rating is consistent for ECRL’s Rating Methodology.