ICRA Nepal Upgrades Sanigad Hydro’s Issuer Rating to BB-
Summary
ICRA Nepal Limited has upgraded Sanigad Hydro Limited's issuer rating to BB-, reflecting an improvement in its credit profile and moderate risk of default.
Key Points
- ICRA Nepal upgraded Sanigad Hydro Limited's issuer rating from B+ to BB-.
- The new BB- rating indicates a moderate risk of financial default.
- The rating reflects an opinion on the issuer's overall creditworthiness.
- Plus or minus signs within rating categories show relative positioning within the category.
