ICRA Nepal Downgrades Myagdi Hydropower's Issuer Rating with Negative Watch
Summary
ICRA Nepal has downgraded Myagdi Hydropower Limited’s issuer rating to [ICRANP-IR] B@ from [ICRANP-IR] B and placed it on Watch with Negative Implications. The rating signals a high risk of default in meeting financial obligations on time.
Key Points
- ICRA Nepal Limited revised Myagdi Hydropower Limited’s issuer rating to [ICRANP-IR] B@ from [ICRANP-IR] B.
- The rating has been placed on Watch with Negative Implications.
- ICRA Nepal said the rating reflects general creditworthiness, not any specific debt instrument, and indicates a high risk of default.
