ICRA Nepal Rates Middle Modi at B-, Peace Energy at BB-
Thu, Apr 23, 2026 9:57 AM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has assigned an issuer rating of [ICRANP-IR] B- to Middle Modi Hydropower Limited, indicating a high risk of default in meeting financial obligations. The agency noted that the rating reflects overall creditworthiness rather than any specific debt instrument, with plus (+) and minus (–) signs used to show relative positioning within rating categories.
Similarly, ICRA Nepal Limited has assigned an issuer rating of [ICRANP-IR] BB- to Peace Energy Company Limited, indicating a moderate risk of default in meeting financial obligations. The agency noted that the rating reflects overall creditworthiness rather than any specific debt instrument, with plus (+) and minus (–) signs indicating relative positioning within rating categories.
