ICRA Nepal Reaffirms Nirdhan Utthan at BB-, Upgrades Electro Power to BB
ICRA Nepal has reaffirmed Nirdhan Utthan Laghubitta Bittiya Sanstha's issuer rating at [ICRANP-IR] BB-, signaling moderate default risk. In a separate action, the agency upgraded Electro Power Company Limited's issuer rating from BB- to BB. Both ratings reflect overall creditworthiness rather than any specific debt instrument.
ICRA Nepal Limited has reaffirmed the issuer rating of Nirdhan Utthan Laghubitta Bittiya Sanstha Limited at [ICRANP-IR] BB-, indicating a moderate risk of default in meeting financial obligations on time.
The rating reflects the company's overall creditworthiness rather than any specific debt instrument. On ICRA's rating scale, plus (+) or minus (–) signs denote relative standing within a category, with BB+ ranked one notch higher than BB, and BB- one notch lower.
In a separate action, ICRA Nepal Limited has upgraded the issuer rating of Electro Power Company Limited (EPCL) from [ICRANP-IR] BB- to [ICRANP-IR] BB.
The upgraded rating indicates that the company carries a moderate risk of default in meeting its financial obligations on time. ICRA clarified that the issuer rating reflects the overall creditworthiness of the company and is not assigned to any specific debt instrument.
The agency also noted that rating symbols may include a "+" or "–" sign to show relative strength within a category, where BB+ is one notch higher and BB- is one notch lower than BB.