ICRA Nepal Reaffirms BB+ Issuer Rating for Upper Solu Hydro Electric Company

Wed, Jul 10, 2024 7:01 AM on Latest, Corporate, Credit Rating,

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] BB+ Issuer Rating previously assigned to Upper Solu Hydro Electric Company Limited. This rating suggests that the company has a moderate risk of failing to meet its financial obligations on time.

The issuer rating is an assessment of the general creditworthiness of the company and is not specific to any bond or financial instrument. Ratings range from [ICRANP-IR] AA to [ICRANP-IR] C, with a plus (+) or minus (-) sign indicating the comparative position within the respective rating category. Therefore, the [ICRANP-IR] BB+ rating is one notch above [ICRANP-IR] BB and one notch below [ICRANP-IR] BBB-.

Upper Solu Hydro Electric Company Limited operates in the hydroelectric power sector and has been acknowledged for its ability to manage its financial responsibilities, although with moderate risk. This reaffirmation by ICRA Nepal reflects the company's stable credit profile and its position within the industry.