ICRA Nepal Assigns B- Rating to Sabhapokhari Hydropower, Reaffirms BBB Rating for Sarbottam Cement

ICRA Nepal Limited has assigned Sabhapokhari Hydropower Limited an issuer rating of [ICRANP-IR] B-, indicating a high risk of default in meeting financial obligations on time. The rating reflects the company’s overall creditworthiness, not any specific debt instrument, and the plus/minus signs show relative strength or weakness within the same rating category, with B- being lower than B.

Similarly, ICRA Nepal Limited has reaffirmed Sarbottam Cement Limited’s issuer rating at [ICRANP-IR] BBB and removed it from ‘Watch with Negative Implications’, indicating a moderate level of safety in meeting financial obligations. The rating reflects the company’s overall creditworthiness, not any specific debt instrument, and plus/minus signs denote relative strength within the same rating category.