Emerging Credit Rating Limited (ECRL) has affirmed A- (Pronounced as single A minus) long term credit rating and ST-3 short term credit rating to S. S. Steel Limited. The outlook on the rating is Stable. The rating is based on the audited financial statements of FY2019-2022 and 6-month unaudited financial statement of 2023 as well as other quantitative and qualitative information up to the date of rating.