ICRA Nepal Upgrades Citizen Life Insurance Rating to BBB+
Summary
ICRA Nepal Limited has upgraded Citizen Life Insurance Company Limited’s issuer rating from BBB to BBB+, indicating a moderate degree of safety and credit risk.
Key Points
- ICRA Nepal upgraded Citizen Life Insurance’s issuer rating from BBB to BBB+.
- The new rating indicates a moderate degree of safety in meeting financial obligations.
- A BBB+ rating carries moderate credit risk.
- The rating is overall creditworthiness and not linked to any specific debt instrument.
