ICRA Nepal Downgrades Myagdi Hydropower's Issuer Rating with Negative Watch
ICRA Nepal Limited has revised the issuer rating of Myagdi Hydropower Limited (MYHL) to [ICRANP-IR] B@ from [ICRANP-IR] B, placing it on "Watch with Negative Implications."
Issuers with this rating are considered to carry a high risk of default in timely servicing of their financial obligations.
ICRA Nepal clarified that the rating reflects an opinion on the general creditworthiness of the rated entity and is not specific to any particular debt instrument.
