ICRA Nepal Assigns AA- Credit Rating to Nepal Life Insurance for High Financial Safety
Summary
ICRA Nepal Limited has assigned a AA- credit rating to Nepal Life Insurance Company Limited, indicating a high degree of safety and very low credit risk.
Key Points
- ICRA Nepal Limited assigned an issuer rating of [ICRANP-IR] AA- to Nepal Life Insurance Company Limited.
- The rating indicates a high degree of safety in meeting financial obligations and very low credit risk.
- The AA- rating is one notch below AA and one above A+ on the rating scale.
- This rating reflects the company’s strong creditworthiness but is not specific to any debt instrument.
