ICRA Nepal Upgrades NMB Capital’s Fund Management Rating to AMC Quality 2+
Summary
ICRA Nepal has upgraded the fund management quality rating of NMB Capital Limited to AMC Quality 2+, reflecting an improved confidence in its management practices.
Key Points
- ICRA Nepal upgraded NMB Capital Limited's fund management quality rating to AMC Quality 2+.
- The new AMC2+ rating indicates a higher level of assurance in fund management practices.
- The rating reflects management quality only, not statutory compliance or financial performance.
- ICRA Nepal's rating scale ranges from AMC1 (highest) to AMC5 (lowest), with "+" indicating a better standing within a category.
