ICRA Nepal Puts Multiple Companies on Rating Watch with Negative Implications

ICRA Nepal Limited has placed the issuer ratings of several companies, including Nepal Reinsurance Limited, Shikhar Insurance, Sagarmatha Lumbini Insurance, Siddhartha Premier Insurance, NLG Insurance, United Ajod Insurance, Chandragiri Hills, and Maulakali Cable Car, on ‘Watch with Negative Implications.’

Meanwhile, the issuer rating of Kailash Helicopter Services Limited has been placed on ‘Watch with Developing Implications.’ ICRA clarified that these ratings represent only an opinion on the general creditworthiness of the entities and are not tied to any specific debt instrument.