ICRA Nepal Reaffirms Issuer Ratings for Protective Micro Insurance and Liberty Micro Life Insurance
Summary
ICRA Nepal Limited has reaffirmed the issuer ratings for Protective Micro Insurance Limited at BB and Liberty Micro Life Insurance Limited at BB-, indicating moderate financial risk.
Key Points
- ICRA Nepal Limited reaffirmed Protective Micro Insurance Limited's issuer rating at BB.
- The BB rating indicates a moderate risk of default for Protective Micro Insurance Limited.
- Liberty Micro Life Insurance Limited's issuer rating was reaffirmed at BB- by ICRA Nepal.
- BB- rating signals a moderate risk of default, positioned one notch below BB within the rating scale.
