ICRA Nepal Places Hotel Sabrina’s B Rating on Notice of Withdrawal
Summary
ICRA Nepal has placed Hotel Sabrina Limited’s issuer rating of [ICRANP-IR] B on notice of withdrawal, citing high default risk in meeting financial obligations on time. The agency said the rating reflects the company’s general creditworthiness and does not apply to a specific debt instrument.
Key Points
- ICRA Nepal has placed Hotel Sabrina Limited’s outstanding issuer rating of [ICRANP-IR] B on notice of withdrawal.
- The B rating indicates a high risk of default in meeting financial obligations on time.
- ICRA Nepal said the issuer rating reflects general creditworthiness, not any specific debt instrument.
- The agency explained that B+ is one notch above B and B− is one notch below B.
