ICRA Nepal Reaffirms Credit Ratings of Union Hydro Holdings and Siddhartha Premier Insurance
Summary
ICRA Nepal Limited reassigned a B+ rating to Union Hydro Holdings Company Limited, indicating high credit risk, and reaffirmed an A rating for Siddhartha Premier Insurance Limited, removing its negative watch status.
Key Points
- ICRA Nepal assigned a B+ issuer rating to Union Hydro Holdings Company Limited, indicating high risk of default.
- The B+ rating reflects the general creditworthiness but does not apply to any specific debt instrument.
- ICRA Nepal reaffirmed Siddhartha Premier Insurance Limited's issuer rating at A and removed it from the 'Watch with Negative Implications' category.
- The A rating indicates Siddhartha Premier Insurance has an adequate capacity to meet financial obligations and carries low credit risk.
