ICRA Nepal Upgrades Mahalaxmi Bikas Bank’s Issuer Rating to BB
Summary
ICRA Nepal Limited has reaffirmed Mahalaxmi Bikas Bank Limited’s issuer rating at BB, indicating a moderate risk of default. The agency said the rating reflects the bank’s overall creditworthiness and is not tied to any specific debt instrument.
Key Points
- ICRA Nepal Limited reaffirmed Mahalaxmi Bikas Bank Limited’s issuer rating at [ICRANP-IR] BB.
- The BB rating indicates a moderate risk of default in meeting financial obligations on time.
- ICRA said issuer ratings reflect overall creditworthiness, not any specific debt instrument.
- The agency noted that BB+ is one notch higher and BB- is one notch lower than BB.
