ICRA Nepal Upgrades Makari Gad Hydropower’s Rating to BB+, Assigns B+ Rating to Budhanilkantha Heritage
Summary
ICRA Nepal has upgraded Makari Gad Hydropower Limited’s issuer rating to BB+ and assigned Budhanilkantha Heritage Limited a B+ issuer rating. The ratings reflect the companies’ overall creditworthiness and default risk, not specific debt instruments.
Key Points
- ICRA Nepal upgraded Makari Gad Hydropower Limited’s issuer rating from B+ to BB+.
- Budhanilkantha Heritage Limited received a B+ issuer rating from ICRA Nepal.
- The ratings indicate moderate default risk for MGHL and high default risk for BHHL.
- The ratings reflect overall creditworthiness rather than any specific debt instrument.
