ICRA Nepal Downgrades Aviyan Laghubitta to ‘B’ Rating with Negative Watch

ICRA Nepal Limited has revised the issuer rating of Aviyan Laghubitta Bittiya Sanstha Limited to [ICRANP-IR] B@ with “on watch with negative implications” and “issuer not cooperating” status, while also indicating a notice of withdrawal.

The rating reflects a high risk of default in meeting financial obligations on time. The mentioned symbol indicates that the issuer remains under negative watch, suggesting continued uncertainty regarding its credit profile.

ICRA Nepal clarified that the issuer rating is a general opinion on creditworthiness and is not specific to any particular financial instrument. It also noted that rating symbols may include “+” or “–” to show relative positioning within a category, where higher or lower signs indicate stronger or weaker standing within the same rating level.