ICRA Nepal Reaffirms BBB- Rating for Sagarmatha Jalabidhyut, Removes Watch Status

ICRA Nepal Limited has reaffirmed the issuer rating of [ICRANP-IR] BBB- for Sagarmatha Jalabidhyut Company Limited and has removed it from the 'Watch with Developing Implications' list.

This rating indicates a moderate degree of safety in fulfilling financial obligations and reflects a moderate credit risk. It is a general opinion on the company’s creditworthiness, not tied to any specific debt instrument. The BBB- rating places the company at the lower end of the moderate credit category, one notch below BBB.