ICRA Nepal Upgrades Trade Tower Limited’s Rating to BB
Summary
ICRA Nepal Limited has upgraded Trade Tower Limited's issuer rating from BB- to BB, reflecting an improved credit profile and moderate default risk.
Key Points
- ICRA Nepal Limited upgraded Trade Tower Limited’s issuer rating from BB- to BB.
- The upgrade indicates an improved credit profile for Trade Tower Limited.
- The rating signifies a moderate risk of default in meeting financial obligations.
- ICRA clarified that rating symbols use "+" or "-" to denote relative standing within categories.
