ICRA Nepal Reaffirms BB- Rating for Apex Makalu Hydropower, Signals Moderate Credit Risk
Sun, Mar 1, 2026 3:01 PM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has reaffirmed the issuer rating of Apex Makalu Hydropower Limited at [ICRANP-IR] BB-, indicating a moderate risk of default in meeting financial obligations on time.
The rating reflects the company’s overall creditworthiness rather than any specific debt instrument. In ICRA’s rating scale, plus (+) or minus (–) signs denote relative standing within a category, with BB+ ranked one notch higher than BB, and BB- one notch lower.
