ICRA Nepal Reaffirms BB- Rating for Lower Erkhuwa Hydropower, Signaling Moderate Default Risk

Key Points

• ICRA Nepal Limited reaffirmed the issuer rating of BB- for Lower Erkhuwa Hydropower Company Limited.
• The BB- rating indicates a moderate risk of default in meeting financial obligations.
• The rating reflects overall creditworthiness and is not linked to any specific debt instrument.
• The '+' or '–' signs denote relative standing within the BB rating category.