ICRA Nepal Reaffirms Nirdhan Utthan Rating, Upgrades Electro Power Company to ‘BB’
Summary
ICRA Nepal has reaffirmed Nirdhan Utthan Laghubitta Bittiya Sanstha’s issuer rating at BB-, while upgrading Electro Power Company Limited from BB- to BB. The ratings indicate moderate default risk and reflect the companies’ overall creditworthiness rather than specific debt instruments.
Key Points
- ICRA Nepal reaffirmed Nirdhan Utthan Laghubitta Bittiya Sanstha Limited’s issuer rating at [ICRANP-IR] BB-.
- Electro Power Company Limited’s issuer rating was upgraded from [ICRANP-IR] BB- to [ICRANP-IR] BB.
- ICRA said the issuer ratings reflect overall creditworthiness and not any specific debt instrument.
- The agency explained the relative ranking of BB+, BB and BB- within its rating scale.
