ICRA Nepal Updates Issuer Ratings: Kabeli Rated BB, Myagdi Downgraded to D, Star Hospital Rating Withdrawn

ICRA Nepal Limited has assigned Kabeli Hydropower Company Limited an issuer rating of [ICRANP-IR] BB, indicating a moderate risk of default in meeting financial obligations. This rating reflects the general creditworthiness of the company and is not specific to any particular debt instrument. Rating modifiers (+ or –) indicate a position within the category, with BB+ being higher and BB- lower than BB.

Similarly, ICRA Nepal Limited has downgraded Myagdi Hydropower Limited’s issuer rating from BB- to D, indicating that the company is in default or likely to default soon. The rating reflects the company’s overall creditworthiness, not any specific debt.

Also, ICRA Nepal Limited has withdrawn the [ICRANP-IR] D issuer rating of Star Hospital Limited at the company’s request, after removing it from the 'Issuer not cooperating' category. The rating reflects general creditworthiness, not any specific debt.