ICRA Nepal Upgrades Ratings of Garima Capital and Nepal Infrastructure Bank
Summary
ICRA Nepal upgraded Garima Capital Limited’s fund management quality rating and Nepal Infrastructure Bank Limited’s issuer rating, indicating improved management quality and creditworthiness respectively.
Key Points
- ICRA Nepal upgraded Garima Capital Limited’s Fund Management Quality Rating from AMC4+ to AMC3.
- The upgraded rating indicates adequate assurance on Garima Capital’s management quality.
- ICRA Nepal also upgraded Nepal Infrastructure Bank Limited’s issuer rating from BBB to BBB+.
- The issuer rating upgrade indicates a moderate degree of safety in financial obligations and credit risk for Nepal Infrastructure Bank Limited.
