ICRA Nepal Assigns BB Rating to Hotel Ichchha, Downgrades Hotel Sabrina to B

ICRA Nepal Limited has assigned Hotel Ichchha Limited an issuer rating of [ICRANP-IR] BB, indicating a moderate risk of default in meeting financial obligations. This rating reflects the general creditworthiness of the company and is not tied to any specific debt instrument. The rating scale ranges from AA to C, with plus (+) or minus (–) signs indicating relative positions within each category.

Similarly, ICRA Nepal Limited has downgraded the issuer rating of Hotel Sabrina Limited from [ICRANP-IR] B+ to [ICRANP-IR] B, indicating a high risk of default in meeting financial obligations. The rating reflects the company's general creditworthiness and is not tied to any specific debt instrument. In the rating scale, B+ is one notch higher than B, while B– is one notch lower.