ICRA Nepal Reaffirms Ratings for Three Hydropower Firms
Summary
ICRA Nepal has reaffirmed issuer ratings for Gaurishankhar Power Development Limited and Bhujung Hydropower Limited at BB-, and Solu Hydropower Limited at BBB-, indicating moderate credit risk for these companies.
Key Points
- ICRA Nepal reaffirmed Gaurishankhar Power Development Limited's issuer rating at BB-.
- Bhujung Hydropower Limited received a reaffirmed issuer rating of BB-.
- Solu Hydropower Limited's issuer rating was reaffirmed at BBB- with a watch on negative implication.
- The ratings indicate moderate risk but capacity to meet financial obligations on time.
