Nepal prepares for second Sovereign Credit Rating
Summary
Nepal is preparing for its second Sovereign Credit Rating, focusing on showcasing economic progress, governance reforms, and infrastructure achievements.
Key Points
- Nepal is preparing for its second Sovereign Credit Rating (SCR).
- Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel emphasized highlighting Nepal's progress over the past year.
- Preparations will showcase improvements in the economy, policing, legal reforms, governance, political stability, and infrastructure.
- Fitch agency will conduct the rating, with a team scheduled to visit Nepal soon; last year Nepal received a ‘BB-‘ rating.
