ICRA Nepal Reaffirms Issuer Ratings for Protective Micro Insurance and Liberty Micro Life Insurance

ICRA Nepal Limited has reaffirmed the issuer rating of [ICRANP-IR] BB for Protective Micro Insurance Limited, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not specific to any debt instrument. Within the ICRA rating scale, modifiers such as “+” or “–” denote relative standing, where BB+ is one notch above and BB- is one notch below the BB category.

Similarly, ICRA Nepal Limited has reaffirmed the [ICRANP-IR] BB- issuer rating for Liberty Micro Life Insurance Limited, indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument. In ICRA’s rating scale, BB- stands one notch below BB, signifying its relative position within the rating category.