ICRA Nepal Downgrades Mandu Hydropower's Issuer Rating to BB+ with Developing Implications
Thu, Jun 12, 2025 11:52 AM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has downgraded the issuer rating of Mandu Hydropower Limited from [ICRANP-IR] BBB- to [ICRANP-IR] BB+ while maintaining a "Watch with Developing Implications" status.
This downgrade suggests an increased perception of credit risk, indicating a moderate risk of default in the timely servicing of financial obligations.
The rating reflects general creditworthiness and is not specific to any debt instrument. In ICRA's rating scale, the "+" or "–" indicates a position within the broader rating category
