Shine Resunga Development Bank’s Credit Rating Downgraded to BB+ by ICRA Nepal
Wed, Apr 30, 2025 10:24 AM on Latest, Credit Rating,
ICRA Nepal Limited has downgraded the issuer rating of Shine Resunga Development Bank Limited from [ICRANP-IR] BBB- to [ICRANP-IR] BB+, indicating a higher credit risk.
The rating remains under 'Watch with Negative Implications', suggesting potential further downgrade. This rating reflects a moderate risk of default in fulfilling financial obligations, and it represents a general assessment of creditworthiness, not tied to a specific debt instrument.
