ICRA Nepal Limited Downgrades Mai Khola Hydropower Limited Rating to BB&
Tue, Feb 17, 2026 4:35 PM on Latest, Corporate, Credit Rating,
ICRA Nepal Limited has downgraded the issuer rating of Mai Khola Hydropower Limited from [ICRANP-IR] BB+& to [ICRANP-IR] BB&, indicating a moderate risk of default in meeting its financial obligations on time.
The rating reflects the company’s overall creditworthiness and is not tied to any specific debt instrument. In ICRA’s rating scale, plus (+) and minus (–) signs denote relative standing within a category, with BB+ rated one notch higher than BB and BB– one notch lower.
