ICRA Nepal Places Ratings of Three Hydropower Companies on “Watch with Developing Implications”

ICRA Nepal Limited has placed Samling Power Company Limited’s issuer rating on “Watch with Developing Implications”, assigning it a rating of [ICRANP-IR] BB-&. This indicates a moderate risk of default in meeting financial obligations. The symbol ‘&’ signifies that the rating is under observation for potential change. In ICRA’s rating scale, a “+” or “–” denotes a company’s relative standing within the same category, for example, BB+ is higher than BB, while BB– is lower.

Similarly, ICRA Nepal Limited has placed Mai Khola Hydropower Limited’s issuer rating on “Watch with Developing Implications”, assigning it a rating of [ICRANP-IR] BB+&. This indicates a moderate risk of default in meeting financial obligations. The ‘&’ symbol shows that the rating is under review for possible changes. In ICRA’s rating scale, BB+ represents a level above BB, while BB– is one notch below BB.

And, ICRA Nepal Limited has placed Sagarmatha Jalabidhyut Company Limited’s issuer rating on “Watch with Developing Implications”, assigning it a rating of [ICRANP-IR] BBB-&. This rating signifies a moderate degree of safety in meeting financial obligations. The ‘&’ symbol indicates that the rating is currently under review and may change based on future developments. In ICRA’s rating scale, BBB+ is one notch higher than BBB, while BBB– is one notch lower.