ICRA Nepal Reaffirms Mai Khola Hydropower's BB+ Issuer Rating

ICRA Nepal Limited has recently reaffirmed Mai Khola Hydropower Limited's [ICRANP-IR] BB+ issuer rating. This rating, previously assigned and now confirmed, indicates that the agency assesses a moderate risk of default on financial obligations. It's important to note that this rating reflects a general opinion on the issuer's creditworthiness and is not specific to any particular bond.

Within the rating category [ICRANP-IR], ratings range from AA to C, with a + or - sign indicating relative positions. Therefore, Mai Khola Hydropower Limited's [ICRANP-IR] BB+ rating is one level above [ICRANP-IR] BB, while [ICRANP-IR] BB- is positioned one level below [ICRANPIR] BB.