ICRA Nepal Updates Ratings: Upgrade for Aashutosh Energy, Withdrawal for Upper Solu, and Downgrade for Three Star Hydropower
Summary
ICRA Nepal Limited upgraded Aashutosh Energy Limited's issuer rating to BBB-, withdrew Upper Solu Hydro Electric Company Limited's rating at the company's request, and downgraded Three Star Hydropower Limited's issuer rating to D 'Issuer Not Cooperating'.
Key Points
- ICRA Nepal Limited upgraded Aashutosh Energy Limited's issuer rating from BB+ to BBB-.
- ICRA Nepal Limited withdrew the BB+ issuer rating for Upper Solu Hydro Electric Company Limited upon the company's request.
- Three Star Hydropower Limited's issuer rating was downgraded to D 'Issuer Not Cooperating' by ICRA Nepal Limited.
- The rating changes reflect general creditworthiness assessments, not specific debt instruments.
