ICRA Nepal Assigns and Upgrades BB Ratings for Leading Hydropower Companies

ICRA Nepal Limited has assigned Electro Power Company Limited an issuer rating of [ICRANP-IR] BB-, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not linked to any specific debt instrument. Within ICRA’s rating scale, a “+” or “–” denotes a notch above or below the main rating, meaning BB- is one step below BB, and BB+ is one step above BB.

Similarly, ICRA Nepal Limited has assigned [ICRANP-IR] BB issuer rating to Makari Gad Hydropower Limited, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument. Within ICRA’s scale, a “+” or “–” denotes a notch above or below the main rating, with BB+ one step higher and BB- one step lower than BB.

Also, ICRA Nepal Limited has upgraded Him Parbat Hydropower Limited’s issuer rating from [ICRANP-IR] BB- to [ICRANP-IR] BB, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not linked to any specific debt instrument. In ICRA’s rating scale, a “+” or “–” denotes a notch above or below the main rating, with BB+ one step higher and BB- one step lower than BB.