ICRA Nepal Reaffirms AMC Quality Rating of 3+ for NIMB Ace Capital

ICRA Nepal Limited has reaffirmed the fund management quality rating of [ICRANP] AMC Quality 3+ for NIMB Ace Capital Limited. This rating indicates that the company provides adequate assurance regarding the quality of its asset management practices. The rating reflects ICRA Nepal's evaluation of management quality, but it does not comment on the company’s legal compliance, financial health, or the future performance of its schemes.

ICRA Nepal uses a rating scale ranging from AMC1 to AMC5, where AMC1 represents the highest assurance in management quality and AMC5 the lowest. A plus sign (+) is used for ratings AMC2, AMC3, and AMC4 to highlight a relatively better standing within each category.