ICRA Nepal Downgrades Nepal Investment Mega Bank Ratings, Removes Negative Watch
Summary
ICRA Nepal downgraded Nepal Investment Mega Bank Limited's ratings but removed it from the negative watch, indicating adequate safety and low credit risk.
Key Points
- ICRA Nepal downgraded Nepal Investment Mega Bank Limited's issuer rating from A@ to A-.
- The bank's subordinated debentures worth NPR 6 billion were downgraded from LA@ to LA-.
- Ratings were removed from the 'Watch with Negative Implications' category.
- The ratings indicate adequate financial safety and low credit risk but are not investment recommendations.
