Emerging Credit Rating Limited (ECRL) has assigned ST-3 short term credit rating to Sheikh Cement Mills Limited (from here on referred to as “SCML” or “the company”). ECRL has also assigned the equivalent long term credit rating of BBB (Pronounced as Triple B). The outlook on the rating is Stable. The rating is based on the unaudited report from FY2021 to FY2022, audited report from FY2019 to FY2020, along with other relevant quantitative and qualitative information available till the date of rating.