Himalayan Hydropower’s Issuer Rating Upgraded to BB+ by ICRA Nepal
Summary
ICRA Nepal Limited has upgraded Himalayan Hydropower Limited's issuer rating from BB- to BB+, reflecting an improved moderate risk outlook for the company's financial obligations.
Key Points
- ICRA Nepal Limited upgraded Himalayan Hydropower Limited's issuer rating from BB- to BB+.
- The upgrade indicates a moderate risk of default in meeting financial obligations.
- The rating reflects the company's general creditworthiness, not tied to any specific debt instrument.
- BB+ rating is one notch higher than BB; BB- is one notch lower.
