ICRA Nepal Downgrades Rating of Him Star Urja, Reaffirms BB+ Rating for Vision Energy and Power

ICRA Nepal Limited has downgraded Him Star Urja Company Limited’s issuer rating to [ICRANP-IR] B from [ICRANP-IR] BB-, Issuers with this rating are considered to have a high risk of default regarding timely servicing of financial obligations.

ICRA Nepal Limited has reaffirmed of Vision Energy and Power Limited  issuer rating at [ICRANP-IR] BB+, indicating a moderate risk of default in meeting financial obligations.

The rating reflects the company’s overall creditworthiness and is not linked to any specific debt instrument. The “+” signifies that the rating is one notch higher than BB within the BB category.