ICRA Nepal Upgrades Nepal Life Insurance’s Rating, Revises Bikash Hydropower’s and Reaffirms Hotel Ichchha’s Rating
Summary
ICRA Nepal has upgraded Nepal Life Insurance Company’s issuer rating to AA, revised Bikash Hydropower’s rating to BBB- with Watch Negative Implications, and reaffirmed Hotel Ichchha’s rating at BB.
Key Points
- ICRA Nepal upgraded Nepal Life Insurance Company Limited’s issuer rating from [ICRANP-IR] AA- to [ICRANP-IR] AA.
- Bikash Hydropower Company Limited’s issuer rating was revised to [ICRANP-IR] BBB- with Watch Negative Implications.
- Hotel Ichchha Limited’s issuer rating was reaffirmed at [ICRANP-IR] BB.
- The ratings reflect differing levels of credit risk and safety in meeting financial obligations on time.
