ICRA Nepal Upgrades Unitech Hydropower’s Issuer Rating to B-
Summary
ICRA Nepal has upgraded the issuer rating of Unitech Hydropower Company Limited to B-, indicating an improvement in its credit profile but still a high risk of default.
Key Points
- ICRA Nepal upgraded Unitech Hydropower’s issuer rating from D to B-.
- The new B- rating indicates a high risk of default but shows progress in creditworthiness.
- The rating reflects the company’s general credit profile, not a specific debt instrument.
- B- is one notch below B on ICRA’s rating scale.
