ICRA Nepal Reaffirms Management and Issuer Ratings for NIC Asia Capital and Chandragiri Hills

ICRA Nepal Limited has reaffirmed the fund management quality rating of [ICRANP] AMC Quality 3+ for NIC Asia Capital Limited, indicating an adequate level of assurance on management quality. The AMC quality ratings range from AMC1 (highest assurance) to AMC5 (lowest assurance), with a "+" sign indicating a relatively better position within a given category. This rating does not reflect statutory compliance, financial performance, or future performance of the company's managed schemes.

Similarly, ICRA Nepal Limited has reaffirmed the issuer rating of Chandragiri Hills Limited at [ICRANP-IR] BB+, indicating a moderate risk of default in meeting financial obligations on time. This rating reflects the entity's overall creditworthiness, not tied to any specific debt instrument. The "+" or "–" signs denote relative standing within a rating category, with BB+ being one notch above BB and one below BBB–.