ICRA Nepal Downgrades Credit Rating of Sasha Engineering Hydropower Limited to B+

ICRA Nepal Limited has downgraded the issuer rating of Sasha Engineering Hydropower Limited from BB- to B+, indicating a higher risk of default in meeting its financial obligations.

The B+ rating suggests that the company carries significant credit risk, though it is still an opinion on overall creditworthiness rather than a rating of any specific debt instrument.

Within ICRA Nepal’s rating scale, symbols from AA to C are used to indicate credit strength, and plus (+) or minus (–) signs show relative positioning within each category. The B+ rating is one notch above B and one notch below BB-, reflecting a downward revision in the company’s financial risk profile.