ICRA Nepal Assigns B- Issuer Rating to Dolti Power and Bhugol Energy Development

ICRA Nepal Limited has assigned an issuer rating of [ICRANP-IR] B- to Dolti Power Company Limited, indicating a high risk of default in meeting financial obligations. The agency noted that the rating reflects overall creditworthiness rather than any specific debt instrument, with plus (+) and minus (–) signs used to show relative positioning within rating categories.

Similarly, ICRA Nepal Limited has also assigned an issuer rating of [ICRANP-IR] B- to Bhugol Energy Development Company Limited (BEDCL), indicating a high risk of default in meeting financial obligations. The agency noted that the rating reflects overall creditworthiness rather than any specific debt instrument, with plus (+) and minus (–) signs used to show relative positioning within rating categories.