ICRA Nepal Reaffirms BB- Rating for Apex Makalu Hydropower, Signals Moderate Credit Risk
Summary
ICRA Nepal Limited has reaffirmed the BB- issuer rating for Apex Makalu Hydropower Limited, indicating a moderate credit risk in meeting financial obligations on time.
Key Points
- ICRA Nepal Limited reaffirmed the issuer rating of Apex Makalu Hydropower Limited at BB-.
- The BB- rating indicates a moderate risk of default in timely financial obligations.
- The rating reflects the overall creditworthiness of the company, not a specific debt instrument.
- In ICRA’s rating scale, BB- represents a credit rating one notch lower than BB.
