ICRA Nepal Limited has downgraded the issuer rating of HYM Consult Limited to [ICRANP-IR] B- (Issuer Not Cooperating) from [ICRANP-IR] B. The revised rating indicates a high risk of default in meeting financial obligations. ICRA clarified that the issuer rating reflects only the company’s overall creditworthiness and does not relate to any specific debt instrument.
Similarly, ICRA Nepal Limited has reaffirmed the issuer rating of Ru Ru Jalbidhyut Pariyojana Limited at [ICRANP-IR] BBB, indicating a moderate level of safety in meeting financial obligations and a moderate credit risk. ICRA clarified that the issuer rating reflects the company’s overall creditworthiness and is not linked to any specific debt instrument. The agency also noted that plus (+) and minus (–) symbols may be used within rating categories to show relative standing, with BBB+ ranking higher and BBB- ranking lower than BBB.
ICRA Nepal Limited has downgraded Khoranga Hydropower Limited’s issuer rating to [ICRANP-IR] BB- (Issuer Not Cooperating) from [ICRANP-IR] BB+&, indicating a moderate risk of default in meeting financial obligations. The rating has also been placed on notice for possible withdrawal. ICRA noted that the previous ‘&’ symbol represented a rating watch with developing implications, and clarified that the issuer rating reflects the company’s overall creditworthiness, not any specific debt instrument.
