ICRA Nepal Updates Ratings: Kumari Bank Removed from Negative Watch, Daunne Agro Farm Assigned BB-
Summary
ICRA Nepal Limited has removed Kumari Bank Limited from negative watch and assigned it a BB+ issuer rating, while Daunne Agro Farm Limited received a BB- issuer rating, both indicating moderate risk levels.
Key Points
- ICRA Nepal removed Kumari Bank Limited’s ratings from Watch with Negative Implications.
- Kumari Bank’s issuer rating is BB+ indicating moderate risk of default.
- Daunne Agro Farm Limited was assigned a BB- issuer rating by ICRA Nepal.
- Both ratings reflect overall creditworthiness and indicate moderate default risk.
