ICRA Nepal Downgrades Kantipur Television Network’s Issuer Rating to B-
Summary
ICRA Nepal Limited has downgraded Kantipur Television Network Limited's issuer rating to B-, signaling a high risk of default and placing it in the 'Issuer Not Cooperating' category with a rating withdrawal notice.
Key Points
- ICRA Nepal Limited downgraded Kantipur Television Network Limited's issuer rating to B-.
- The downgrade reflects a high risk of the company defaulting on financial obligations.
- Kantipur Television Network has been placed under the ‘Issuer Not Cooperating’ category by ICRA.
- There is a notice for potential rating withdrawal due to lack of cooperation.
