ICRA Nepal Reaffirms Standard Chartered’s AAA Rating, Upgrades Jasmine Paints
Summary
ICRA Nepal has reaffirmed Standard Chartered Bank Nepal's AAA rating and upgraded Jasmine Paints Limited's issuer rating to BBB, indicating improved creditworthiness.
Key Points
- ICRA Nepal reaffirmed Standard Chartered Bank Nepal Limited's AAA issuer rating.
- The AAA rating indicates the highest level of creditworthiness and lowest credit risk.
- Jasmine Paints Limited's issuer rating was upgraded from BBB- to BBB by ICRA Nepal.
- The BBB rating reflects moderate creditworthiness and moderate credit risk for Jasmine Paints Limited.
