ICRA Nepal Upgrades Ratings of Kabeli Hydropower and Sahas Urja
Summary
ICRA Nepal Limited has upgraded the issuer ratings of Kabeli Hydropower Company Limited from BB to BB+ and Sahas Urja Limited from BBB- to BBB, reflecting improved credit profiles for both companies.
Key Points
- ICRA Nepal Limited upgraded Kabeli Hydropower Company Limited's issuer rating from BB to BB+.
- The upgrade implies a slightly improved credit profile with moderate default risk for Kabeli Hydropower.
- Sahas Urja Limited's issuer rating was upgraded from BBB- to BBB by ICRA Nepal Limited.
- The rating upgrades indicate better creditworthiness and moderate safety in financial obligations for both companies.
