ICRA Nepal Updates Issuer Ratings: Downgrades HYM Consult & Khoranga Hydropower, Reaffirms Ru Ru Jalbidhyut
Summary
ICRA Nepal Limited downgraded issuer ratings for HYM Consult Limited and Khoranga Hydropower Limited, while reaffirming Ru Ru Jalbidhyut Pariyojana Limited's rating.
Key Points
- ICRA Nepal downgraded HYM Consult Limited's issuer rating to B- indicating high default risk.
- Ru Ru Jalbidhyut Pariyojana Limited's rating reaffirmed at BBB indicating moderate credit risk.
- Khoranga Hydropower Limited's rating downgraded to BB- with notice for possible withdrawal.
- Issuer ratings reflect overall creditworthiness and are not specific to debt instruments.