Credit Updates: Dolti Power Rated B-, Crest Micro Life Retains BB Rating
Summary
ICRA Nepal Limited upgraded Dolti Power Company Limited's issuer rating to B- and reaffirmed Crest Micro Life Insurance Limited's rating at BB, indicating their current credit risk levels.
Key Points
- ICRA Nepal upgraded Dolti Power Company Limited’s issuer rating from C+ to B-.
- The B- rating indicates a high risk of default but is one notch above a lower rating.
- ICRA Nepal reaffirmed Crest Micro Life Insurance Limited’s issuer rating at BB.
- The BB rating signifies a moderate risk of default and reflects the company's general creditworthiness.
