ICRA Nepal Upgrades Unitech Hydropower and Kumari Bank’s Issuer Ratings
Summary
ICRA Nepal Limited has upgraded the issuer rating of Unitech Hydropower Company Limited to B+ and raised Kumari Bank Limited’s issuer rating to BBB- along with its NPR 6 billion subordinated debenture rating. The upgrades indicate improved creditworthiness, though the ratings still reflect varying levels of credit risk.
Key Points
- ICRA Nepal Limited upgraded Unitech Hydropower Company Limited’s issuer rating to [ICRANP-IR] B+ from B.
- Kumari Bank Limited’s issuer rating was upgraded to [ICRANP-IR] BBB- from BB+.
- The rating of Kumari Bank’s NPR 6 billion subordinated debenture was also raised to [ICRANP] LBBB- from LBB+.
- The agency said the ratings reflect overall creditworthiness and indicate differing levels of default risk and safety.
