ICRA Nepal Downgrades Nepal Reinsurance’s Issuer Rating to A-
Summary
ICRA Nepal has downgraded Nepal Reinsurance Company Limited’s issuer rating to [ICRANP-IR] A-@ from [ICRANP-IR] A@ and kept it on Watch with Negative Implications. The rating still indicates an adequate degree of safety for timely servicing of financial obligations.
Key Points
- ICRA Nepal downgraded Nepal Reinsurance Company Limited’s issuer rating to [ICRANP-IR] A-@ from [ICRANP-IR] A@.
- The rating remains on Watch with Negative Implications.
- ICRA said the rating reflects an adequate degree of safety for timely servicing of financial obligations.
