ICRA Nepal Reaffirms Ratings for Two Hydropower Firms, Withdraws Ratings for Three Companies
Summary
ICRA Nepal reaffirms issuer ratings at BB- for Dordi Khola Jal Bidyut Company Limited and Hiraratna Hydropower Limited, and withdraws ratings for Kantipur Television Network Limited, Khoranga Hydropower Limited, and Mandu Hydropower Limited upon company requests.
Key Points
- ICRA Nepal reaffirmed Dordi Khola Jal Bidyut Company Limited’s issuer rating at [ICRANP-IR] BB- indicating moderate risk of default.
- Hiraratna Hydropower Limited also received a reaffirmed issuer rating of [ICRANP-IR] BB-.
- Ratings for Kantipur Television Network Limited and Khoranga Hydropower Limited were withdrawn as 'Issuer Not Cooperating'.
- Mandu Hydropower Limited’s rating was upgraded to [ICRANP-IR] BBB- but later withdrawn per company’s request.
