ICRA Nepal Places Ratings of Three Hydropower Companies on “Watch with Developing Implications”
Summary
ICRA Nepal has placed the issuer ratings of Samling Power Company Limited, Mai Khola Hydropower Limited, and Sagarmatha Jalabidhyut Company Limited on watch with developing implications due to potential changes in their creditworthiness.
Key Points
- ICRA Nepal has rated Samling Power Company Limited at BB-&, indicating moderate risk of default and placing it on watch for potential change.
- Mai Khola Hydropower Limited received a BB+& rating, signifying moderate risk and being under review for changes.
- Sagarmatha Jalabidhyut Company Limited was rated BBB-&, reflecting a moderate degree of safety with its rating also under review.
- All three hydropower companies’ ratings are on watch with developing implications, signaling possible future rating adjustments.
