Infomerics Nepal Upgrades Rating of Lalitpur Bishal Bazar Multiplex
Summary
Infomerics Nepal has upgraded the credit ratings of Lalitpur Bishal Bazar Multiplex Company Limited, lifting its long-term bank facilities to IRN BBB- and short-term facilities to IRN A3. The company operates the Labim Mall commercial complex in Pulchowk, Lalitpur.
Key Points
- Infomerics Credit Rating Nepal Limited upgraded Lalitpur Bishal Bazar Multiplex Company Limited’s credit ratings.
- The company’s long-term bank facilities of Rs 533.54 million were raised to IRN BBB- from IRN BB.
- Its short-term bank facilities of Rs 5 million were upgraded to IRN A3 from IRN A4.
- The company operates Labim Mall in Pulchowk, Lalitpur, and has links to Patan Multiple Campus through a land lease agreement.
