Narayani Development Bank Retains C+ Credit Rating from ICRA Nepal

Narayani Development Bank Limited has retained its [ICRANP-IR] C+ issuer rating after a rating review by ICRA Nepal Limited.

The C+ rating indicates a very high risk of default in meeting financial obligations on time, suggesting the bank carries significant credit risk despite remaining slightly above the base C rating category.

ICRA Nepal stated that the rating reflects its assessment of the bank’s overall creditworthiness and ability to service financial obligations, rather than the rating of any specific debt instrument.