ICRA Nepal Reaffirms BBB Ratings for Laxmi Sunrise Bank, Maintains Negative Outlook
ICRA Nepal Limited has reaffirmed the issuer rating of Laxmi Sunrise Bank Limited at [ICRANP-IR] BBB and its NPR 2 billion subordinated debenture at [ICRANP] LBBB, both with a ‘Watch with Negative Implications’ status.
These ratings indicate a moderate level of safety regarding timely debt servicing, suggesting moderate credit risk. The watch status reflects concerns about potential negative developments that may impact the bank’s credit profile.
