ICRA Nepal Downgrades Rating of Him Star Urja, Reaffirms BB+ Rating for Vision Energy and Power
Summary
ICRA Nepal has downgraded Him Star Urja Company Limited’s issuer rating to B from BB-, signaling a higher risk of default. It has also reaffirmed Vision Energy and Power Limited’s BB+ rating, indicating moderate credit risk.
Key Points
- ICRA Nepal Limited downgraded Him Star Urja Company Limited’s issuer rating to [ICRANP-IR] B from [ICRANP-IR] BB-.
- The downgrade indicates a high risk of default in timely servicing of financial obligations.
- ICRA Nepal reaffirmed Vision Energy and Power Limited’s issuer rating at [ICRANP-IR] BB+.
- The BB+ rating indicates a moderate risk of default, and the rating is not tied to any specific debt instrument.
