ICRA Nepal rates Rs 1 arba worth 10% Prabhu Bank Debentures 2086 indicating moderate credit risk; bank also receives issuer rating at ICRANP-IR BBB from same credit rating agency

ICRA Nepal Limited has assigned [ICRANP] LBBB (Pronounced as ICRA NP L Triple B) Rating to the Rs. 1 arba Subordinated Debenture Programme (10% Prabhu Bank Debentures 2086) of Prabhu Bank Limited.

Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

Debenture Rating is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities issued by company.

 Note: +/- signs indicates their relative position within the Rating category concerned by one notch higher/lower.

Similarly, ICRA Nepal Limited has assigned issuer rating at [ICRANP-IR] BBB (Pronounced as ICRA NP IR Triple B) to Prabhu Bank Limited. Issuers with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such issuers carry moderate credit risk. The Rating is only an opinion on the general creditworthiness of the rated entity and not specific to any particular debt instrument.

For the Rating categories [ICRANP-IR] AA through to [ICRANP-IR] C the sign of + (plus) or – (minus) may be appended to the Rating symbols to indicate their relative position within the Rating categories concerned. Thus the Rating of [ICRANP-IR] BBB+ is one notch higher than [ICRANP-IR] BBB, while [ICRANP-IR] BBB- is one notch lower than [ICRANP-IR] BBB.