Emerging Credit Rating Limited (hereinafter referred as ‘ECRL’) has assigned to BBB (Pronounced as Triple B) long term credit rating ST-3 short term credit rating to The Shoes Bangladesh Ltd. The outlook on the rating is Stable. The rating is based on the audited financial statements of FY2021-FY2022, unaudited financial of FY2023 along with other relevant qualitative and quantitative information till the date of rating.