ICRA Nepal Maintains Maruti Cements at BBB, Upgrades Pashupati Renewables to BB
Summary
ICRA Nepal has reaffirmed Maruti Cements Limited's issuer rating at BBB with a watch negative outlook and upgraded Pashupati Renewables Limited's rating from BB- to BB.
Key Points
- ICRA Nepal reaffirmed Maruti Cements Limited's issuer rating at BBB with a watch negative implication outlook.
- The rating indicates moderate safety in meeting financial obligations for Maruti Cements Limited.
- ICRA Nepal upgraded Pashupati Renewables Limited's issuer rating from BB- to BB.
- The ratings reflect overall creditworthiness, not specific debt instruments, with positioning denoted by plus or minus signs.
