ICRA Nepal Reaffirms Issuer Rating for People's Energy Limited

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] BB- Issuer Rating previously assigned to People's Energy Limited. This rating indicates that the institution carries a moderate risk of failing to meet its financial obligations on time.

ICRA Nepal emphasizes that this rating reflects the general creditworthiness of the issuer and is not specific to any individual bond.

The rating categories range from [ICRANP-IR] AA to [ICRANP-IR] C, with a plus (+) or minus (-) sign indicating the relative position within each category. For instance, a [ICRANP-IR] BB+ rating is one notch above [ICRANP-IR] BB, while a [ICRANP-IR] BB- rating is one notch below [ICRANP-IR] BB.