Credit Updates: Dolti Power Rated B-, Crest Micro Life Retains BB Rating

ICRA Nepal Limited has upgraded Dolti Power Company Limited’s issuer rating from [ICRANP-IR] C+ to [ICRANP-IR] B- (B minus). This rating indicates a high risk of default in meeting financial obligations. The rating reflects the general creditworthiness of the company and is not tied to any specific debt instrument. Within ICRA Nepal’s rating scale, a minus (-) denotes a position slightly lower within the category, meaning B- is one notch below B and one notch above a lower rating.

Similarly, ICRA Nepal Limited has reaffirmed Crest Micro Life Insurance Limited’s issuer rating at [ICRANP-IR] BB (double B), indicating a moderate risk of default in meeting financial obligations. The rating reflects the company’s general creditworthiness and is not linked to any specific debt instrument. Within ICRA Nepal’s rating scale, a plus (+) or minus (-) denotes a relative position within the category, with BB+ being one notch higher and BB- one notch lower than BB.