ICRA Nepal Upgrades Nepal Life Insurance’s Rating, Revises Bikash Hydropower’s and Reaffirms Hotel Ichchha’s Rating

ICRA Nepal Limited has upgraded the issuer rating of Nepal Life Insurance Company Limited from [ICRANP-IR] AA- to at [ICRANP-IR] AA. Issuers with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such issuers carry very low credit risk.

ICRA Nepal has revised Bikash Hydropower Company Limited’s issuer rating to [ICRANP-IR] BBB- with Watch Negative Implications, indicating moderate credit risk and a moderate level of safety in meeting financial obligations on time.

ICRA Nepal Limited has reaffirmed the issuer rating of Hotel Ichchha Limited at [ICRANP-IR] BB. Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.