ICRA Nepal Limited Downgrades Mai Khola Hydropower Limited Rating to BB&
Summary
ICRA Nepal Limited has downgraded the issuer rating of Mai Khola Hydropower Limited to BB&, indicating a moderate risk of default.
Key Points
- ICRA Nepal Limited downgraded Mai Khola Hydropower Limited's issuer rating from BB+& to BB&.
- The downgrade signifies a moderate risk of default in meeting financial obligations on time.
- The rating reflects the company’s overall creditworthiness, not linked to any specific debt instrument.
- In ICRA's rating scale, BB+ is one notch higher than BB, and BB– is one notch lower.
