ICRA Nepal Reaffirms Ratings of NMB and Siddhartha Banks with Diverging Outlooks

ICRA Nepal Limited has reaffirmed the issuer rating of NMB Bank Limited at [ICRANP-IR] A- and its subordinated debenture rating at [ICRANP] LA-, both with a continued ‘Watch with Negative Implications’ status. These ratings indicate an adequate level of safety and low credit risk in meeting financial obligations, though the negative watch signals potential downward pressure in the future. ICRA Nepal clarified that the ratings reflect overall creditworthiness and are not recommendations regarding investment decisions or specific securities.

Also, ICRA Nepal Limited has reaffirmed the issuer rating of Siddhartha Bank Limited at [ICRANP-IR] BBB+ and its subordinated debenture rating at [ICRANP] LBBB+, while removing the ‘watch with negative implications’ status. Additionally, one debenture rating has been withdrawn. These ratings indicate a moderate level of safety and credit risk in meeting financial obligations. The agency clarified that the ratings reflect overall creditworthiness and are not investment recommendations.