ICRA Nepal Reaffirms Issuer Rating for Sagarmatha Jalbidhyut Company

Wed, Jul 10, 2024 7:03 AM on Latest, Corporate, Credit Rating,

ICRA Nepal Limited has reaffirmed the [ICRANP-IR] BBB- Issuer Rating previously awarded to Sagarmatha Jalbidhyut Company Limited. This rating signifies that the institution is considered moderately secure in meeting its financial obligations on time and carries moderate credit risk.

ICRA Nepal clarifies 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 example, a [ICRANP-IR] BBB+ rating is one notch above [ICRANP-IR] BBB, while a [ICRANP-IR] BBB- rating is one notch below [ICRANP-IR] BBB.