ICRA Nepal Reaffirms and Upgrades Issuer Ratings for Three Companies

HomeBlogsकम्पनी समाचार

ICRA Nepal Reaffirms and Upgrades Issuer Ratings for Three Companies

ICRA Nepal Limited, a leading credit rating agency, has recently reaffirmed and upgraded the issuer ratings for three companies: Trade Tower Limited, Mai Khola Hydropower Limited, and Shreenagar Agritech Industries Limited. These ratings reflect the companies’ creditworthiness and their ability to meet financial obligations. Below is a detailed breakdown of the ratings:

1. Trade Tower Limited

  • Issuer Rating: Reaffirmed at [ICRANP-IR] BB-.
  • Interpretation:
    • Entities with this rating are considered to have a moderate risk of defaulting on their financial obligations.
    • The rating reflects the general creditworthiness of the issuer and is not tied to any specific debt instrument.

Rating Scale Context:

  • The ICRA Nepal rating scale ranges from [ICRANP-IR] AA (highest) to [ICRANP-IR] C (lowest).
  • A BB+ rating is one notch higher than BB, while BB- is one notch lower.

2. Mai Khola Hydropower Limited

  • Issuer Rating: Reaffirmed at [ICRANP-IR] BB+.
  • Interpretation:
    • Entities with this rating are considered to have a moderate risk of defaulting on their financial obligations.
    • The rating reflects the general creditworthiness of the issuer and is not specific to any particular debt instrument.

Rating Scale Context:

  • ICRA Nepal’s rating scale goes from [ICRANP-IR] AA to [ICRANP-IR] C.
  • A BB+ rating is one notch higher than BB, while BB- is one notch lower.

3. Shreenagar Agritech Industries Limited

  • Issuer Rating: Upgraded from [ICRANP-IR] B- to [ICRANP-IR] B.
  • Interpretation:
    • Entities with this rating are considered to have a high risk of defaulting on their financial obligations.
    • The rating reflects the general creditworthiness of the issuer and is not tied to any specific debt instrument.

Rating Scale Context:

  • ICRA Nepal’s rating scale goes from [ICRANP-IR] AA to [ICRANP-IR] C.
  • A B+ rating is one notch higher than B, while B- is one notch lower.

Conclusion

ICRA Nepal’s recent ratings highlight the varying levels of creditworthiness among the three companies:

  • Trade Tower Limited and Mai Khola Hydropower Limited maintain moderate-risk ratings, indicating stable but cautious financial positions.
  • Shreenagar Agritech Industries Limited has seen an upgrade in its rating, though it remains in the high-risk category, reflecting ongoing challenges but some improvement in its financial standing.

These ratings provide valuable insights for investors and stakeholders, helping them assess the financial health and risk profiles of these companies.