ICRA Nepal Downgrades Unitech Hydropower’s Issuer Rating to ‘D’
Summary
ICRA Nepal has downgraded Unitech Hydropower Company Limited's issuer rating from B to D, indicating a default or imminent default.
Key Points
- ICRA Nepal downgraded Unitech Hydropower’s issuer rating from B to D.
- The downgrade signals that the company is in default or likely to default soon.
- The rating reflects overall creditworthiness, not a specific debt instrument.
- Unitech Hydropower has been removed from the “Issuer not Cooperating” category.
