ICRA Nepal Reaffirms Standard Chartered’s AAA Rating, Upgrades Jasmine Paints

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] AAA issuer rating of Standard Chartered Bank Nepal Limited, reflecting the bank’s highest level of creditworthiness. The AAA rating indicates the highest degree of safety in meeting financial obligations on time and signifies the lowest credit risk among rated issuers.

Also, ICRA Nepal Limited has upgraded the issuer rating of Jasmine Paints Limited to [ICRANP-IR] BBB from BBB-, indicating an improvement in the company's overall creditworthiness. The BBB rating signifies a moderate degree of safety in meeting financial obligations on time and reflects moderate credit risk. The rating represents the company's general credit profile and is not tied to any specific debt instrument.