ICRA Nepal Assigns B- Rating to Sabhapokhari Hydropower, Reaffirms BBB Rating for Sarbottam Cement
Summary
ICRA Nepal Limited assigned a B- rating to Sabhapokhari Hydropower Limited indicating high default risk and reaffirmed a BBB rating for Sarbottam Cement Limited indicating moderate safety.
Key Points
- ICRA Nepal Limited assigned Sabhapokhari Hydropower Limited an issuer rating of B-.
- B- rating indicates a high risk of default in meeting financial obligations on time.
- ICRA Nepal reaffirmed Sarbottam Cement Limited’s issuer rating at BBB.
- Sarbottam Cement’s rating was removed from 'Watch with Negative Implications', showing moderate safety.
