ICRA Nepal Revises Issuer Ratings: Upper Tamakoshi Downgraded to D, Vision Energy Upgraded to BB+
Summary
ICRA Nepal downgraded Upper Tamakoshi Hydropower's issuer rating to D due to probable default, while Vision Energy's rating was upgraded to BB+.
Key Points
- ICRA Nepal downgraded Upper Tamakoshi Hydropower Limited's issuer rating from BB& to D, indicating a likely default.
- Upper Tamakoshi's downgrade reflects its probable default on financial obligations.
- Vision Energy and Power Limited's issuer rating was upgraded from BB to BB+, indicating improved creditworthiness.
- Ratings pertain to overall creditworthiness and are not linked to specific debt instruments.
