ICRA Nepal Assigns and Upgrades BB Ratings for Leading Hydropower Companies
Summary
ICRA Nepal Limited assigned BB and BB- issuer ratings to Electro Power Company Limited, Makari Gad Hydropower Limited, and upgraded Him Parbat Hydropower Limited's rating to BB, reflecting moderate credit risk.
Key Points
- ICRA Nepal Limited assigned a BB- issuer rating to Electro Power Company Limited, indicating moderate financial risk.
- Makari Gad Hydropower Limited received a BB issuer rating from ICRA Nepal, reflecting moderate creditworthiness.
- Him Parbat Hydropower Limited's issuer rating was upgraded from BB- to BB by ICRA Nepal.
- All ratings indicate a moderate risk of default and are not tied to specific debt instruments.
