ICRA Nepal Assigns BBB Rating to Norvic Hospital, Upgrades Shreenagar Agritech to BB-
Summary
ICRA Nepal assigned a BBB issuer rating to Norvic International Hospital and Medical College Ltd., indicating moderate creditworthiness. It also upgraded Shreenagar Agritech Industries Limited's rating to BB-, reflecting improved financial profile.
Key Points
- ICRA Nepal assigned a BBB issuer rating to Norvic International Hospital and Medical College Ltd.
- The BBB rating represents a moderate level of safety in meeting financial obligations on time for Norvic Hospital.
- ICRA Nepal upgraded Shreenagar Agritech Industries Limited's issuer rating from B to BB-.
- The BB- rating reflects a moderate risk of default and an improved credit profile for Shreenagar Agritech.
